Common use of Loan Documents; Failure of Security Clause in Contracts

Loan Documents; Failure of Security. At any time, for any reason, (i) any Loan Document ceases to be in full force and effect or any Loan Party or any of the Borrower's Subsidiaries party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or any Loan Party or any such Subsidiary seeks to render such Liens, invalid and unperfected, or (ii) Liens in favor of the Administrative Agents, the Collateral Agent, the Issuing Banks and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated by this Agreement, the Loan Documents or the other Transaction Documents.

Loan Documents; Failure of Security. At any time, for any reason, (i) any Loan Document ceases to be in full force and effect (except in accordance with its terms) or any Loan Party Borrower or any of the Borrower's Subsidiaries Borrower Subsidiary party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or any Loan Party Borrower or any such Borrower Subsidiary seeks to render such Liens, invalid and or unperfected, or (ii) Liens in favor of the Administrative Agents, the Collateral Agent, the Issuing Banks and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by this Agreement, the Loan Documents or the other Transaction Loan Documents.

Loan Documents; Failure of Security. At any time, for any reason, (i) any Loan Document ceases to be in full force and effect (except in accordance with its terms) or any Loan Party Borrower or any of the Borrower's Subsidiaries Borrower Subsidiary party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or any Loan Party Borrower or any such Borrower Subsidiary seeks to render such Liens, invalid and or unperfected, or (ii) Liens in favor of the Administrative Agents, the Collateral Agent, the Issuing Banks Bank and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by this Agreement, the Loan Documents or the other Transaction Loan Documents.

Loan Documents; Failure of Security. At any time, for any reason, ----------------------------------- (i) any Loan Document ceases to be in full force and effect or any Loan Party a Borrower or any of the Borrower's Borrowers' Restricted Subsidiaries party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or any Loan Party a Borrower or any such Restricted Subsidiary seeks to render such Liens, invalid and or unperfected, or (ii) Liens in favor of the Administrative Agents, the Collateral Agent, the Issuing Banks and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by this Agreement, the Loan Documents or the other Transaction Documents.

Loan Documents; Failure of Security. At any time, for any reason, (i) any Loan Document ceases to be in full force and effect or any Loan Party or any of the Borrower's Borrowers' Subsidiaries party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or any Loan Party or any such Subsidiary seeks to render such Liens, invalid and unperfected, or (ii) Liens in favor of the Administrative Agents, the Collateral Agent, the Issuing Banks and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated by this Agreement, the Loan Documents or the other Transaction Documents.

Loan Documents; Failure of Security. At any time, for any reason, (i) any Loan Document ceases to be in full force and effect or any Loan Party Holdings or any of the Borrower's Subsidiaries party thereto Borrower seeks to repudiate its obligations thereunder and or the Liens intended to be created thereby are, or any Loan Party Holdings or any such Subsidiary Borrower seeks to render such Liens, invalid and or unperfected, or (ii) Liens in favor of the Administrative Agents, the Collateral Agent, the Issuing Banks Agent and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by this Agreement, the Loan Documents or the other Transaction Loan Documents.

Loan Documents; Failure of Security. At any time, for any reason, (i) any Loan Document ceases to be in full force and effect (except in accordance with its terms) or any Loan Party Holdings, the Company or any of the BorrowerCompany's Subsidiaries party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or any Loan Party Holdings, the Company or any such Subsidiary seeks to render such Liens, invalid and or unperfected, or (ii) Liens in favor of the Administrative Agents, the Collateral Agent, the Issuing Banks and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by this Agreement, the Loan Documents or the other Transaction Loan Documents.

Loan Documents; Failure of Security. At any time, for any reason, reason (i) any Loan Document ceases to be in full force and effect or any Loan Party Holdco, the Company or any of the Borrower's its Subsidiaries party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or any Loan Party Holdco, the Company or any such Subsidiary seeks to render such Liens, invalid and or unperfected, or (ii) Liens in favor of the Administrative AgentsAgent, the Collateral AgentCoAgents, the Issuing Banks and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by this Agreement, the Loan Documents or the other Transaction Loan Documents.

Loan Documents; Failure of Security. At any time, for any reason, (i) any Loan Document ceases to be in full force and effect or any Loan Party a Borrower or any of the Borrower's Borrowers’ Restricted Subsidiaries party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or any Loan Party a Borrower or any such Restricted Subsidiary seeks to render such Liens, invalid and unperfected, or unperfected or (ii) Liens in favor of the Administrative Agents, the Collateral Agent, the Issuing Banks and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by this Agreement, the Loan Documents or the other Transaction Documents.