Enforceability; Priority. Any Loan Document shall for any reason without Agent's specific written consent cease to be in full force and effect, or shall be declared null and void or unenforceable in whole or in part, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by any party thereto other than Agent; or the liens, mortgages or security interests of Agent or any other Holder in any of the Mortgaged Property become unenforceable in whole or in part, or cease to be of the priority herein required, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by Grantor or any person obligated to pay any part of the secured indebtedness.
Appears in 1 contract
Sources: Leasehold Deed of Trust, Assignment, Security Agreement and Financing Statement (Packaged Ice Inc)
Enforceability; Priority. Any Loan Document shall for any reason without Administrative Agent's specific written consent cease to be in full force and effect, or shall be declared null and void or unenforceable in whole or in part, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by any party thereto other than Administrative Agent, Issuing Bank, or a Lender; or the liens, mortgages or security interests of Administrative Agent or any other Holder in any of Project in the Mortgaged Property Collateral Pool become unenforceable in whole or in part, or cease to be of the priority herein required, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by Grantor Borrower or any person obligated to pay any part of the secured indebtednessother Loan Party.
Appears in 1 contract
Sources: Credit Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)
Enforceability; Priority. Any Loan Document shall for any reason without Administrative Agent's specific written consent cease to be in full force and effect, or shall be declared null and void or unenforceable in whole or in part, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by any party thereto other than AgentAdministrative Agent or a Lender; or the liens, mortgages or security interests of Administrative Agent or any other Holder in any of the Mortgaged Property Project become unenforceable in whole or in part, or cease to be of the priority herein required, or the validity or enforceability thereof, in whole or in part, shall be challenged or denied by Grantor Borrower or any person obligated to pay any part of the secured indebtednessother Loan Party.
Appears in 1 contract