Common use of Invalidity of Guaranty Clause in Contracts

Invalidity of Guaranty. In the event that any Guaranty is ever issued in respect of the Obligations, any material provision of any Guaranty, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party or any other Person contests in any manner the validity or enforceability of any material provision of any Guaranty; or any Loan Party denies in writing that it has any or further liability or obligation under any Guaranty, or purports to revoke, terminate or rescind any material provision of any Guaranty, in each case, only if such event would reasonably be expected to have a Material Adverse Effect; or (k)

Appears in 3 contracts

Samples: Credit Agreement (Franklin Resources Inc), Term Loan Credit Agreement (Franklin Resources Inc), Credit Agreement (Franklin Resources Inc)

AutoNDA by SimpleDocs

Invalidity of Guaranty. In the event that any Guaranty is ever issued in respect of the Obligations, any material provision of any Guaranty, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party or any other Person contests in any manner the validity or enforceability of any material provision of any Guaranty; or any Loan Party denies in writing that it has any or further liability or obligation under any Guaranty, or purports to revoke, terminate or rescind any material provision of any Guaranty, in each case, only if such event would reasonably be expected to have a Material Adverse Effect; or (k)or

Appears in 1 contract

Samples: Credit Agreement (Franklin Resources Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.