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 any of the Borrowers, or if 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 any either of the Borrowers, or if 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 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 any of the Borrowers, or if any of the Borrowers shall so state in writing, or if any Collateral Document the Security Agreements shall cease to create a perfected, first priority security interest or mortgage lien in the Collateral covered thereby (or intended to be covered thereby)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 any of the Borrowers, or if any of the Borrowers shall so state in writing, or if any Collateral Document the Security Agreements shall cease to create a perfected, first priority security interest or mortgage lien in the Collateral covered thereby (or intended to be covered thereby)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 the Borrower or any of the BorrowersGuarantor, or if the Borrower or 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 Guarantor shall so state in writing; or