Common use of Unenforceable Loan Document Clause in Contracts

Unenforceable Loan Document. If any Loan Document shall in any material respect cease to be, or Borrower shall assert that any Loan Document is not, a legal, valid and binding obligation of Borrower enforceable in accordance with its terms.

Appears in 49 contracts

Samples: Loan and Security Agreement (D-Wave Quantum Inc.), Security Agreement, Venture Loan and Security Agreement

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Unenforceable Loan Document. If any Loan Document shall in any material respect cease to be, or any Co-Borrower shall assert that any Loan Document is not, a legal, valid and binding obligation of any Co-Borrower enforceable in accordance with its terms.

Appears in 8 contracts

Samples: Loan Agreement (Environmental Impact Acquisition Corp), Venture Loan and Security Agreement (Stealth BioTherapeutics Corp), Loan and Security Agreement (Cerecor Inc.)

Unenforceable Loan Document. If (a) any Loan Document shall in any material respect cease to bebe a legal, valid and binding obligation of Borrower enforceable in accordance with its terms so as to deprive Lender of the practical realization of the principal benefits provided by the Loan Documents, or (b) Borrower shall assert that any Loan Document is not, not a legal, valid and binding obligation of Borrower enforceable in accordance with its terms.

Appears in 5 contracts

Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (Tengion Inc), Venture Loan and Security Agreement (Tengion Inc)

Unenforceable Loan Document. If any Loan Document shall If, prior to the repayment in any material respect cease to befull of all Obligations, or Borrower shall assert that any Loan Document is not, a legal, valid and binding obligation of Borrower enforceable in accordance with its terms.

Appears in 3 contracts

Samples: Consent and Waiver Agreement (Entropic Communications Inc), Venture Loan and Security Agreement (Entropic Communications Inc), Venture Loan and Security Agreement (Entropic Communications Inc)

Unenforceable Loan Document. If any Loan Document shall in any material respect cease to be, or Borrower shall assert that any Loan Document is not, a legal, valid and binding obligation of Borrower enforceable in accordance with its termsterms (except as the enforceability thereof may be limited by bankruptcy, insolvency or other similar laws of general application relating to or affecting the enforcement of creditors’ rights or by general principles of equity).

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Ceribell, Inc.), Venture Loan and Security Agreement (Ceribell, Inc.)

Unenforceable Loan Document. If any Loan Document shall in any material respect cease to be, or Borrower shall assert that any Loan Document is not, a legal, valid and binding obligation of Borrower enforceable against Borrower or its Subsidiaries, to the extent parties thereto, in accordance with its terms.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Palatin Technologies Inc), Venture Loan and Security Agreement (Palatin Technologies Inc)

Unenforceable Loan Document. If any Loan Document shall in any material respect cease to be, or Borrower shall assert that any Loan Document is not, a legal, valid and binding obligation of Borrower enforceable in accordance with its terms.terms (except as the enforceability thereof may be limited by bankruptcy, insolvency or other similar laws of general application relating to or affecting the enforcement of creditors’ rights or by general principles of equity);

Appears in 2 contracts

Samples: Loan and Security Agreement (Ceribell, Inc.), Loan and Security Agreement (Ceribell, Inc.)

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Unenforceable Loan Document. If any Loan Document shall in any material respect cease to bebe as determined by a final non-appealable binding judgment, or Borrower shall assert that any Loan Document is not, a legal, valid and binding obligation of Borrower enforceable in accordance with its terms.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Celsion CORP)

Unenforceable Loan Document. If any Loan Document shall in any material respect cease to be, or Borrower shall assert that any Loan Document is not, a legal, valid and binding obligation of Borrower enforceable in accordance with its terms.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Xtera Communications, Inc.)

Unenforceable Loan Document. If any Loan Document shall in any material respect cease to be, or Borrower any of the Borrowers shall assert that any Loan Document is are not, a legal, valid and binding obligation of Borrower the Borrowers enforceable in accordance with its terms.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Everyday Health, Inc.)

Unenforceable Loan Document. If any Loan Document shall in any material respect cease to be, or any Co-Borrower shall assert that any Loan Document is not, a legal, valid and binding obligation of Borrower the Co-Borrowers enforceable against the Co-Borrowers in accordance with its terms.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Satcon Technology Corp)

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