Common use of No Contest Clause in Contracts

No Contest. The Junior Creditors agree that they will not at any time contest the validity, perfection, priority or enforceability of the Senior Debt or the Senior Facility Agreements or the rights of the holders of the Senior Debt in the Collateral hereunder.

Appears in 2 contracts

Samples: Master Collateral and Intercreditor Agreement (Americredit Financial Services Inc), Master Collateral and Intercreditor Agreement (Americredit Corp)

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No Contest. The Each Junior Creditors agree Creditor agrees that they it will not at any time contest the validity, perfection, priority or enforceability of the Senior Debt, the Senior Debt Documents or the Senior Facility Agreements or the rights of the holders of the Senior Debt in the Collateral hereunderCreditor Liens.

Appears in 2 contracts

Samples: Subordination and Intercreditor Agreement (Lubys Inc), Credit Agreement (Lubys Inc)

No Contest. The Junior Creditors agree Creditor agrees that they it will not at any time contest the validity, perfection, priority or enforceability of the Senior Debt, the Senior Debt Documents or the Senior Facility Agreements or the rights of the holders of the Senior Debt in the Collateral hereunderCreditor Liens.

Appears in 1 contract

Samples: Subordination and Intercreditor Agreement (Equifin Inc)

No Contest. The Each of the Junior Creditors agree agrees that they it will not at any time contest the validity, perfection, priority or enforceability of the Senior Debt, the Senior Debt Documents, or the Senior Facility Agreements or the rights liens and security interests of the holders Agent and any of the Senior Debt Creditors in the Collateral hereunderany Collateral.

Appears in 1 contract

Samples: Subordination Agreement (Evolving Systems Inc)

No Contest. The Junior Creditors agree Creditor agrees that they it will not at any time contest the validity, perfection, priority or enforceability of the Senior Debt, the Senior Debt Documents or the Senior Facility Agreements or the rights of the holders of the Senior Debt in the Collateral hereunderLiens.

Appears in 1 contract

Samples: Subordination Agreement (Lapolla Industries Inc)

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No Contest. The Each of the Junior Creditors agree agrees that they it will not at any time contest the validity, perfection, priority or enforceability of the Senior Debt, the Senior Debt Documents, or the Senior Facility Agreements or the rights of the holders liens and security interests of the Senior Debt Creditor in the Collateral hereunderany Collateral.

Appears in 1 contract

Samples: Subordination Agreement (Evolving Systems Inc)

No Contest. The Junior Creditors agree Each Subordinate Creditor agrees that they it will not at any time contest the validity, perfection, priority or enforceability of the Senior Debt Debt, and each Senior Creditor agrees that it will not at any time contest the validity, perfection, priority or the Senior Facility Agreements or the rights enforceability of the holders of the Senior Debt in the Collateral hereunderSubordinate Debt.

Appears in 1 contract

Samples: Credit Agreement (Bluestem Brands, Inc.)

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