Common use of Validity of Loan Documents Clause in Contracts

Validity of Loan Documents. Use its best efforts to object to any application made on behalf of any Loan Party or by any Person to the validity of any Loan Document or the applicability or enforceability of any Loan Document or which seeks to void, avoid, limit, or otherwise adversely affect the security interest created by or in any Loan Document or any payment made pursuant thereto.

Appears in 9 contracts

Samples: And Guaranty Agreement (Dana Holding Corp), And Guaranty Agreement (Dana Holding Corp), Credit Agreement (World Color Press Inc.)

AutoNDA by SimpleDocs

Validity of Loan Documents. Use its best commercially reasonable efforts to object to any application made on behalf of any Loan Party or by any Person to the validity of any Loan Document or the applicability or enforceability of any Loan Document or which seeks to void, avoid, limit, or otherwise adversely affect the security interest created by or in any Loan Document or any payment made pursuant thereto.

Appears in 5 contracts

Samples: Credit Agreement (Chemtura CORP), Possession Credit Agreement (Chemtura CORP), Possession Credit Agreement (Chemtura CORP)

Validity of Loan Documents. Use its best efforts to Shall object to any application made on behalf of any Loan Party or by any Person to the validity of any DIP Loan Document or the applicability or enforceability of any DIP Loan Document or which seeks to void, avoid, limit, or otherwise adversely affect the security interest created by or in any DIP Loan Document or any payment made pursuant thereto.

Appears in 2 contracts

Samples: Letter Loan Agreement (AbitibiBowater Inc.), Letter Loan Agreement (AbitibiBowater Inc.)

Validity of Loan Documents. Use its best efforts to object Object to any application made on behalf of any Loan Credit Party or by any Person to challenging the validity of any Loan Document or the applicability or enforceability of any Loan Document or which seeks to void, avoid, limit, or otherwise adversely affect the security interest created by or in any Loan Document or any payment made pursuant thereto.

Appears in 2 contracts

Samples: Possession Credit Agreement (AbitibiBowater Inc.), Possession Credit Agreement (AbitibiBowater Inc.)

Validity of Loan Documents. Use its best efforts to object Object to any application made on -------------------------- behalf of any Loan Party or by any Person to the validity of any Loan Document or the applicability or enforceability of any Loan Document or which seeks to void, avoid, limit, limit or otherwise adversely affect the security interest created by or in any Loan Document or any payment made pursuant thereto.

Appears in 1 contract

Samples: Amf Bowling Worldwide Inc

AutoNDA by SimpleDocs

Validity of Loan Documents. Use its best efforts to Each Borrower shall object to any application made on behalf of any Loan Party other Borrower or by any Person to the validity of any Loan Document or the applicability or enforceability of any Loan Document or which seeks to void, avoid, limit, limit or otherwise adversely affect the security interest created by or in any Loan Document or any payment made pursuant thereto.

Appears in 1 contract

Samples: Possession Credit Agreement (WHX Corp)

Validity of Loan Documents. Use its best efforts to object to any application made on behalf of any Loan Party or by any Person to the validity of any Loan Document or the applicability or enforceability of any Loan Document or which seeks to void, avoid, limit, or otherwise adversely affect the security interest created by or in any Loan Document or any payment made pursuant thereto.. Dxxx—Term Credit and Guaranty Agreement

Appears in 1 contract

Samples: Term Facility Credit and Guaranty Agreement (Dana Holding Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!