No Contest of Security Interest. No Subordinated Party shall contest the validity, perfection or enforceability of any lien or security interest granted to the Agent by any Debtor, and each Subordinated Party 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: Management Fees Subordination Agreement (Peninsula Gaming, LLC), Management Fees Subordination Agreement (Old Evangeline Downs Capital Corp)
No Contest of Security Interest. No Each Subordinated Party shall not contest the validity, perfection or enforceability of any lien or security interest granted to the Agent by any DebtorBorrower, and each Subordinated Party 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: Management Fees Subordination Agreement (Old Evangeline Downs LLC)
No Contest of Security Interest. No Each Subordinated Party shall not contest the validity, perfection or enforceability of any lien or security interest granted to the Agent Senior Lender by any DebtorBorrower, and each Subordinated Party 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: Management Fees Subordination Agreement (Old Evangeline Downs Capital Corp)
