Invalidity of Security Documents. Any of the Security Documents ceases to be valid in any material respect or any of those Security Documents creating a Security Interest in favour of the Facility Agent ceases to provide a perfected first priority security interest in favour of the Facility Agent.
Appears in 6 contracts
Samples: Credit Facility Agreement (Seaspan CORP), Credit Facility Agreement (Seaspan CORP), Credit Facility Agreement (Global Ship Lease, Inc.)
Invalidity of Security Documents. Any of the Security Documents ceases to be valid in any material respect or any of those Security Documents creating a Security Interest in favour of the Facility Agent Security Trustee ceases to provide a perfected first priority security interest in favour of the Facility AgentSecurity Trustee.
Appears in 3 contracts
Samples: Credit Facility Agreement, Credit Facility Agreement (Seaspan CORP), Reducing Revolving Credit Facility (Seaspan CORP)
Invalidity of Security Documents. Any of the Security Documents ceases to be valid in any material respect or any of those Security Documents creating a Security Interest in favour of the Facility Agent Lender ceases to provide a perfected first priority security interest in favour of the Facility AgentLender.
Appears in 1 contract
Invalidity of Security Documents. Any of the Security Documents ceases to be valid in any material respect or any of those Security Documents creating a Security Interest in favour of the Facility Agent ceases to provide a perfected first priority security interest in favour of the Facility Agent.
Appears in 1 contract
