Validity of Security. Do or permit anything to adversely affect the ranking or validity of the Security except by incurring a Permitted Encumbrance.
Validity of Security. The Security ceases to be in full force and effect or no longer constitutes a first priority interest in the relevant assets, subject to the Existing Security.
Validity of Security. In relation to the banking facilities provided by each Target Group Company to its customers, each Target Group Company has materially acted in accordance with the regulations and/or guidelines issued from time to time by the CMN and BACEN in determining the extent of security that is required to be taken in order to adequately secure such facilities.
Validity of Security. (a) The Subordinate Lender will not:
(i) assert in any action, suit or proceeding whatsoever the invalidity, unenforceability or ineffectiveness of this Agreement, any of the Senior Lender Loan Documents or any of the Senior Lender Charges; or
(ii) participate in or co-operate with any other party to pursue any such action, suit or proceeding.
(b) The Senior Lender will not:
(i) assert in any action, suit or proceeding whatsoever the invalidity, unenforceability or ineffectiveness of this Agreement, any of the Subordinate Lender Loan Documents or any of the Subordinate Lender Charges; or
(ii) participate in or co-operate with any other party to pursue any such action, suit or proceeding.
Validity of Security. The Security Agent ceases to have a valid and enforceable security right as created under any of the Security Documents.
Validity of Security. The Bond Trustee assumes no responsibility for the validity, sufficiency or enforceability (which the Bond Trustee has not investigated) of the Security. The Bond Trustee shall not be liable for any failure, omission or defect in perfecting the Security intended to be constituted by the Deed of Charge.
Validity of Security. The Trustee assumes no responsibility for the validity, sufficiency or enforceability (which the Trustee has not investigated) of the security purported to be created by this Principal Trust Deed, any Supplemental Trust Deed, any Credit Support Document, Option Agreement or any Swap Agreement, any pledge or other document. In addition, the Trustee has no duty to monitor the performance by the Agents or any Credit Support Provider, Swap Counterparty or Option Counterparty of their obligations to the Issuer nor is it obliged (unless indemnified to its satisfaction) to take any other action which may involve the Trustee in any personal liability or expense.
Validity of Security. The Company represents and warrants to the Agent and the Security Trustee on the date of this Agreement and on the Effective Date that the Security given by it to the Security Trustee pursuant to the Security Agreement and the Control Agreement shall continue in full force and effect and, on and from the Effective Date, shall continue to secure the Secured Obligations.
Validity of Security the Security provided under this Agreement shall become and in full force and effect until the Indebtedness under this Agreement shall have been performed in full.
Validity of Security. The Security Trustee assumes no responsibility for the validity, sufficiency or enforceability (which the Security Trustee has not investigated) of the Security. The Security Trustee shall not be liable for any failure, omission or defect in perfecting the Security intended to be constituted hereby.
