Security becoming unenforceable. If any security for the Loan becomes infructuous or is challenged by the Borrower or any other person or the Borrower fails / fails to ensure the perfection of the Security being offered and created.
Appears in 2 contracts
Security becoming unenforceable. If any security for or guarantee of the Loan becomes unenforceable or infructuous or is challenged by the Borrower Borrower/s and/or Guarantor or any other person or the Borrower fails / fails to ensure the perfection of the Security being offered and createdperson.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement
Security becoming unenforceable. If any security for or guarantee of the Loan loan becomes infructuous unenforceable or infractions or is challenged by the Borrower Borrower(s) or any other person or the Borrower fails / fails to ensure the perfection of the Security being offered and createdperson.
Appears in 2 contracts
