Common use of Invalidity or repudiation Clause in Contracts

Invalidity or repudiation. (a) Any of the Finance Documents ceases to be in full force and effect in any material respect or (A) ceases to constitute the legal, valid and binding obligation of any Group Company party to it, or (B) in the case of any Security Document, fails to provide valid and enforceable security in favour of the Security Agent and the Finance Parties over the assets in relation to which security is intended to be given.

Appears in 3 contracts

Samples: Facilty Agreement (Pra Group Inc), Fourth Amendment and Restatement Agreement (Pra Group Inc), Credit Facility Agreement (Pra Group Inc)

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Invalidity or repudiation. (a) a. Any of the Finance Documents ceases to be in full force and effect in any material respect or (A) ceases to constitute the legal, valid and binding obligation of any Group Company party to it, or (B) in the case of any Security Document, fails to provide valid and enforceable security in favour of the Security Agent and the Finance Parties over the assets in relation to which security is intended to be given.

Appears in 2 contracts

Samples: Third Amendment and Restatement Agreement (Pra Group Inc), Pra Group Inc

Invalidity or repudiation. (a) Any of the Finance Documents ceases to be in full force and effect in any material respect or (A) ceases to constitute the legal, valid and binding obligation of any Group Company party to it, or (B) in the case of any Security Document, fails to provide valid and enforceable security in favour of the Security Agent and the Finance Parties over the assets in relation to which security is intended to be given.. #10394456/1

Appears in 1 contract

Samples: Pra Group Inc

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Invalidity or repudiation. (a) Any of the Finance Documents ceases to be in full force and effect in any material respect or (A) ceases to constitute the legal, valid and binding obligation of any Group Company party to it, or (B) in the case of any Security Document, fails to provide valid and enforceable security in favour of the Security Agent and the Finance Parties over the assets in relation to which security is intended to be given.. #3462336/1 74 (117)

Appears in 1 contract

Samples: And Restatement Agreement (Pra Group Inc)

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