Common use of Cessation of Loan Documents to be Effective Clause in Contracts

Cessation of Loan Documents to be Effective. The cessation, for any reason, of any Loan Document to be in full force and effect; the failure of any Lien intended to be created by the Loan Documents to exist or to be valid and perfected; the cessation of any such Lien, for any reason, to have the priority contemplated by this Agreement or the other Loan Documents, subject to Borrower’s right to contest liens in accordance with the terms of this Agreement; or the revocation by any Guarantor of any Loan Document executed by such Guarantor;

Appears in 4 contracts

Samples: Loan and Security Agreement (Varian Medical Systems Inc), Loan and Security Agreement (Varian Medical Systems Inc), Loan and Security Agreement (Varian Medical Systems Inc)

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Cessation of Loan Documents to be Effective. The cessation, for any reason, of any Loan Document to be in full force and effecteffect in all material respects; the failure of any Lien intended to be created by the Loan Documents to exist or to be valid and perfected; the cessation of any such Lien, for any reason, to have the priority contemplated by this Agreement or the other Loan Documents, subject to Borrower’s right to contest liens any other Lien in accordance with the terms of this Agreement; or the revocation by any Guarantor of the Guaranty or any other Loan Document executed by such Guarantor;

Appears in 3 contracts

Samples: Term Loan Agreement (Rexford Industrial Realty, Inc.), Term Loan Agreement (Rexford Industrial Realty, Inc.), Term Loan Agreement (Rexford Industrial Realty, Inc.)

Cessation of Loan Documents to be Effective. The cessation, for any reason, of any Loan Document to be in full force and effecteffect in all material respects; the failure of any Lien intended to be created by the Loan Documents to exist or to be valid and perfected; the cessation of any such Lien, for any reason, to have the priority contemplated by this Agreement or the other Loan Documents, subject to Borrower’s right to contest liens in accordance with the terms of this Agreement; or the revocation by any Guarantor of the Guaranty or any other Loan Document executed by such Guarantor;

Appears in 3 contracts

Samples: Loan and Security Agreement (Inland Real Estate Income Trust, Inc.), Loan and Security Agreement (Inland Real Estate Income Trust, Inc.), Construction Loan and Security Agreement (Global Growth Trust, Inc.)

Cessation of Loan Documents to be Effective. The cessation, for any reason, of any Loan Document to be in full force and effecteffect in all material respects; the failure of any Lien intended to be created by the Loan Documents to exist or to be valid and perfected; the cessation of any such Lien, for any reason, to have the priority contemplated by this Agreement or the other Loan Documents, subject to Borrower’s right to contest liens in accordance with the terms of this Agreement; or the revocation by any Guarantor of the Repayment Guaranty or any other Loan Document executed by such Guarantor;

Appears in 1 contract

Samples: Term Loan and Security Agreement (KBS Growth & Income REIT, Inc.)

Cessation of Loan Documents to be Effective. The cessation, for any reason, of any Loan Document to be in full force and effecteffect in all material respects; the failure of any Lien intended to be created by the Loan Documents to exist or to be valid and perfected; the cessation of any such Lien, for any reason, to have the priority contemplated by this Agreement or the other Loan Documents, subject to Borrower’s right to contest liens in accordance with the terms of this Agreement; or the revocation by any Guarantor of the Limited Guaranty or any other Loan Document executed by such Guarantor;

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Cottonwood Communities, Inc.)

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Cessation of Loan Documents to be Effective. The cessation, for any reason, of any Loan Document to be in full force and effecteffect in all material respects; the failure of any Lien intended to be created by the Loan Documents to exist or to be valid and perfected; the cessation of any such Lien, for any reason, to have the priority contemplated by this Agreement or the other Loan Documents, subject to Borrower’s 's right to contest liens in accordance with the terms of this Agreement; or the revocation by any Guarantor of the Guaranty or any other Loan Document executed by such Guarantor;

Appears in 1 contract

Samples: Term Loan and Security Agreement (KBS Growth & Income REIT, Inc.)

Cessation of Loan Documents to be Effective. The cessation, for any reason, of any Loan Document to be in full force and effecteffect in all material respects; the failure of any Lien intended to be created by the Loan Documents to exist or to be valid and perfected; the cessation of any such Lien, for any reason, to have the priority contemplated by this Agreement or the other Loan Documents, subject to Borrower’s right to contest liens Liens in accordance with the terms of this Agreement; or the revocation by any Guarantor of the Guaranty or any other Loan Document executed by such Guarantor;; or

Appears in 1 contract

Samples: Loan Agreement (CNL Growth Properties, Inc.)

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