Collateral Document. Any Collateral Document after delivery thereof (other than pursuant to the terms thereof) ceases to create a valid and perfected lien on and security interest in the Collateral purported to be covered thereby having the priority contemplated by the Loan Documents; or
Appears in 2 contracts
Samples: Loan Agreement (Republic Airways Holdings Inc), Senior Secured Credit Agreement (Republic Airways Holdings Inc)
Collateral Document. Any Collateral Document after delivery thereof shall for any reason (other than pursuant to the terms thereof) ceases cease to create a valid and perfected lien on and security interest in the Collateral purported to be covered thereby having the priority contemplated by the Loan DocumentsDocuments and the DIP Financing Order; or
Appears in 2 contracts
Samples: Credit and Security Agreement (Ata Holdings Corp), Credit and Security Agreement
