Invalidity; Repudiation Sample Clauses

Invalidity; Repudiation. Any Finance Document becomes invalid or ineffective or the Borrower repudiates a Finance Document or evidences an intention to repudiate a Finance Document.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Invalidity; Repudiation. Any of the following occurs:
Sample 1Sample 2
Invalidity; Repudiation. (i) Any material provision of this Agreement, the Note, the Authorizing Law or the Resolution is declared to be null and void by a final non- appealable judgment of court of competent jurisdiction; or
Sample 1Sample 2
Invalidity; Repudiation. Any provision of any Loan Document shall cease for any reason to be valid, binding and in full force and effect; any Borrower shall contest in any manner the validity or enforceability of any provision of any Loan Document; or any Borrower shall deny that it has any further liability or obligation under any provision of any Loan Document or shall purport to revoke, terminate or rescind any provision of any Loan Document;
Sample 1
Invalidity; Repudiation. Any Financing Document or any material provision of any Financing Document shall not be, or shall cease to be, valid and enforceable and in full force and effect (other than as a result of the indefeasible payment in full of all amounts due thereunder); or the Borrower shall disaffirm or repudiate any of its respective obligations under the Financing Documents; (Credit Agreement)
Sample 1
Invalidity; Repudiation. The L/C Issuer shall directly or indirectly contest the validity of the Letter of Credit in any manner in any court of competent jurisdiction, or shall repudiate, or purport to discontinue or terminate, the Letter of Credit or the Letter of Credit shall cease to be a legal, valid and binding obligation of the L/C Issuer or shall cease to be in full force and effect against the L/C Issuer for any reason; or
Sample 1

Related to Invalidity; Repudiation

  • Invalidity Any provision of this Agreement which may be determined by competent authority to be prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. In such case, the parties shall in good faith modify or substitute such provision consistent with the original intent of the parties.

  • Invalidity and Severability If any provision of this Agreement shall be found by any court or administrative body of competent jurisdiction to be invalid or unenforceable the invalidity or unenforceability of such provision shall not affect the other provisions of this Agreement and all provisions not affected by such invalidity or unenforceability shall remain in full force and effect. The parties hereby agree to attempt to substitute for any invalid or unenforceable provision a valid or enforceable provision which achieves to the greatest extent possible the economic legal and commercial objectives of the invalid or unenforceable provision.

  • Repudiation An Obligor repudiates a Finance Document or evidences an intention to repudiate a Finance Document.

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