Common use of No Contest Clause in Contracts

No Contest. Creditor agrees not to contest the validity, perfection, priority or enforceability of Silicon' security interest in the Collateral or the Silicon Debt.

Appears in 2 contracts

Samples: Subordination Agreement (Verso Technologies Inc), Subordination Agreement (Verso Technologies Inc)

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No Contest. Creditor agrees not to contest the validity, perfection, priority or enforceability of Silicon' 's security interest in the Collateral or the Silicon Debt.

Appears in 2 contracts

Samples: Subordination Agreement (First Virtual Communications Inc), Asset Purchase Agreement (Verso Technologies Inc)

No Contest. Creditor agrees not to contest the validity, perfection, priority or enforceability of Silicon' ’s security interest in the Collateral or the Silicon Debt.

Appears in 2 contracts

Samples: Subordination Agreement (DecisionPoint Systems, Inc.), Mutual Subordination Agreement (Applied Precision, Inc.)

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No Contest. Subordinating Creditor agrees not to contest the validity, perfection, priority or enforceability of Silicon' 's security interest in the Collateral or the Silicon Debt.

Appears in 1 contract

Samples: Loan Agreement (Natural Gas Vehicle Systems Inc)

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