No Contest of Security Interest. No Subordinated Lender shall contest the validity, perfection or enforceability of any lien or security interest granted to the Agent by any Debtor in connection with the Senior Debt, and each Subordinated Lender agrees to cooperate in the defense of any action contesting the validity, perfection or enforceability of such liens or security interests.
Appears in 2 contracts
Samples: Intercompany Subordination Agreement (Peninsula Gaming, LLC), Intercompany Subordination Agreement (Old Evangeline Downs Capital Corp)
No Contest of Security Interest. No The Subordinated Lender shall not contest the validity, perfection or enforceability of any lien or security interest granted to the Agent by any Debtor in connection with the Senior DebtBorrower, and each the Subordinated Lender agrees to cooperate in the defense of any action contesting the validity, perfection or enforceability of such liens or security interests.
Appears in 1 contract
No Contest of Security Interest. No The Subordinated Lender shall not contest the validity, perfection or enforceability of any lien or security interest granted to the Agent Senior Lender by any Debtor in connection with the Senior DebtBorrower, and each the Subordinated Lender agrees to cooperate in the defense of any action contesting the validity, perfection or enforceability of such liens or security interests.
Appears in 1 contract
Samples: Intercompany Subordination Agreement (Old Evangeline Downs Capital Corp)
No Contest of Security Interest. No The Subordinated Lender shall not contest the validity, perfection or enforceability of any lien or security interest granted to the Agent by any Debtor in connection with the Senior DebtBorrower, and each the Subordinated Lender agrees to cooperate in the defense of any action contesting the validity, perfection or enforceability of such liens or security interests.
Appears in 1 contract
Samples: Intercompany Subordination Agreement (Old Evangeline Downs LLC)
