Common use of Validity and Enforceability of Loan Documents Clause in Contracts

Validity and Enforceability of Loan Documents. Any Loan Document shall, at any time after its execution and delivery and for any reason, cease to be in full force and effect in any material respect or be declared to be null and void (other than in accordance with the terms hereof or thereof) or the validity or enforceability thereof be contested by Borrower or Borrower shall deny in writing that it has any or any further liability or obligations under any Loan Document to which it is a party.

Appears in 5 contracts

Samples: Credit Agreement (Centex Corp), And Reimbursement Agreement (Centex Corp), Credit Agreement (Centex Development Co Lp)

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Validity and Enforceability of Loan Documents. Any Loan Document shall, at any time after its execution and delivery and for any reason, cease to be in full force and effect in any material respect or be declared to be null and void (other than in accordance with the terms hereof or thereof) or the validity or enforceability thereof be contested by Borrower any Loan Party thereto or Borrower any Loan Party shall deny in writing that it has any or any further liability or obligations under any Loan Document to which it is a party.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Northern Border Partners Lp), NBPLP Credit Agreement (Northern Border Partners Lp), Revolving Credit Agreement (Northern Border Partners Lp)

Validity and Enforceability of Loan Documents. Any Loan Document shall, at any time after its execution and delivery and for any reason, cease to be in full force and effect in any material respect or be declared to be null and void (other than in accordance with the terms hereof or thereof) or the validity or enforceability thereof be contested by Borrower any Company party thereto or Borrower any Company shall deny in writing that it has any or any further liability or obligations under any Loan Document to which it is a party.

Appears in 3 contracts

Samples: Credit Agreement (Affiliated Computer Services Inc), Revolving Credit Agreement (Pier 1 Imports Inc/De), Credit Agreement (Red Lion Hotels CORP)

Validity and Enforceability of Loan Documents. Any Loan Document shall, at any time after its execution and delivery and for any reason, cease to be in full force and effect in any material respect or be declared to be null and void (other than in accordance with the terms hereof or thereof) or the validity or enforceability thereof be contested by Borrower any Loan Party party thereto or Borrower any Loan Party shall deny in writing that it has any or any further liability or obligations under any Loan Document to which it is a party.

Appears in 2 contracts

Samples: Credit Agreement (Dobson Communications Corp), Dobson Communications Corp

Validity and Enforceability of Loan Documents. Any Loan Document shall, at any time after its execution and delivery and for any reason, cease to be in full force and effect in any material respect or be declared to be null and void (other than in accordance with the terms hereof or thereof) or the validity or enforceability thereof be contested by Borrower any Company party thereto or Borrower any Company shall deny in writing that it has any liability or any further liability or obligations under any Loan Document to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Medical Assurance Inc)

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Validity and Enforceability of Loan Documents. Any Loan Document shall, at any time after its execution and delivery and for any reason, cease to be in full force and effect in any material respect or be declared to be null and void (other than in accordance with the terms hereof or thereof) or the validity or enforceability thereof be contested by Borrower or Borrower shall deny in writing that it has any or any further liability or obligations under any Loan Document to which it is a party.the

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Coorstek Inc)

Validity and Enforceability of Loan Documents. Any Loan Document shall, at any time after its execution and delivery and for any reason, cease to be in full force and effect in any material respect or be declared to be null and void (other than in accordance with the terms hereof or thereof) or the validity or enforceability thereof be contested by Borrower any Company thereto or Borrower any Company shall deny in writing that it has any or any further liability or obligations under any Loan Document to which it is a party.

Appears in 1 contract

Samples: Revolving Credit Agreement (Intermedia Communications Inc)

Validity and Enforceability of Loan Documents. Any Loan Document shall, at any time after its execution and delivery and for any reason, cease to be in full force and effect in any material respect or be declared to be null and void (other than in accordance with the terms hereof or thereof) or the validity or enforceability thereof be contested by Borrower or Borrower shall deny in writing that it has any or any further liability or obligations under any Loan Document to which it is a party.. LETTER OF CREDIT AND REIMBURSEMENT AGREEMENT

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Centex Development Co Lp)

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