Common use of Invalidity of Intercreditor Agreement Clause in Contracts

Invalidity of Intercreditor Agreement. The Intercreditor Agreement shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect (other than in accordance with its terms), any Loan Party shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, the Obligations, for any reason, shall not have the priority contemplated by the Intercreditor Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Jakks Pacific Inc), First Lien Term Loan Facility Credit Agreement (Jakks Pacific Inc), First Lien Term Loan Facility Credit Agreement (Jakks Pacific Inc)

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Invalidity of Intercreditor Agreement. The Any material provision of the Intercreditor Agreement shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect (other than in accordance with its terms), any Loan Credit Party shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or any party (other than the Obligations, for Term Agent or any reason, shall not have the priority contemplated by Term Lender) to the Intercreditor Agreement.Agreement fails to perform or observe any term, covenant or agreement contained therein; or

Appears in 1 contract

Samples: Term Loan Agreement (Furniture Brands International Inc)

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Invalidity of Intercreditor Agreement. The Intercreditor Agreement shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect (other than in accordance with its terms), any Loan Credit Party shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, the Obligations, for any reason, shall not have the priority contemplated by the Intercreditor Agreement.Agreement or any party (other than Agent or any Lender) to the Intercreditor Agreement fails to perform or observe any term, covenant or agreement contained therein; or

Appears in 1 contract

Samples: Term Loan Agreement (Jakks Pacific Inc)

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