Common use of Unenforceability of Loan Documents Clause in Contracts

Unenforceability of Loan Documents. If any Loan Document or any provision thereof shall for any reason cease to be a valid, binding and enforceable obligation of either of the Borrowers, or if either of the Borrowers shall so state in writing; or

Unenforceability of Loan Documents. If any Loan Document or any ---------------------------------- provision thereof shall for any reason cease to be a valid, binding and enforceable obligation of either any of the Borrowers, or if either any of the Borrowers shall so state in writing, or if any Collateral Document shall cease to create a perfected, first priority security interest or mortgage lien in the Collateral covered thereby (or intended to be covered thereby), or if any of the Borrowers shall so state in writing; or

Unenforceability of Loan Documents. If any Loan Document or any provision thereof shall for any reason cease to be a valid, binding and enforceable obligation of either of the BorrowersBorrower or any Guarantor, or if either of the Borrowers Borrower or any Guarantor shall so state in writing; or

Unenforceability of Loan Documents. If any Loan Document or any ---------------------------------- provision thereof shall for any reason cease to be a valid, binding and enforceable obligation of either any of the Borrowers, or if either any of the Borrowers shall so state in writing, or if the Security Agreements shall cease to create a perfected, first priority security interest in the Collateral, or if any of the Borrowers shall so state in writing; or

Unenforceability of Loan Documents. If any Loan Document or any provision thereof shall for any reason cease to be a valid, binding and enforceable obligation of either any of the Borrowers, or if either any of the Borrowers shall so state in writing, or if the Security Agreements shall cease to create a perfected, first priority security interest in the Collateral, or if any of the Borrowers shall so state in writing; or