Common use of Guaranties, Collateral Documents and Other Loan Documents Clause in Contracts

Guaranties, Collateral Documents and Other Loan Documents. At any time after the execution and delivery thereof, (i) any material Loan Guaranty for any reason, other than the occurrence of the Termination Date, shall cease to be in full force and effect (other than in accordance with its terms) or shall be declared to be null and void or any Guarantor shall repudiate in writing its obligations thereunder (other than as a result of the discharge of such Guarantor in accordance with the terms thereof), (ii) this Agreement or any material Collateral Document ceases to be in full force and effect or shall be declared null and void (other than by reason of (x) a release of Collateral in accordance with the terms hereof or thereof or (y) the occurrence of the Termination Date or any other termination of such Collateral Document in accordance with the terms thereof) or (iii) any Loan Party shall contest in writing the validity or enforceability of any Loan Document or any material provision of any Loan Document or deny in writing that it has any further liability (other than by reason of the occurrence of the Termination Date), including with respect to future advances by the Lenders, under any Loan Document to which it is a party; it being understood and agreed that the failure of the Administrative Agent to maintain possession of any Collateral actually delivered to it or file any UCC (or equivalent) continuation statement shall not result in an Event of Default under this clause (k) or any other provision of any Loan Document; or

Guaranties, Collateral Documents and Other Loan Documents. At any time after the execution and delivery thereof, thereof (i) any material Loan Guaranty for any reason, other than the occurrence of the Termination Date, shall cease reason ceasing to be in full force and effect (other than in accordance with its termsterms or as a result of the occurrence of the Termination Date) or shall be being declared by a court of competent jurisdiction to be null and void or any Guarantor shall repudiate the repudiation in writing by any Loan Party of its obligations thereunder (in each case other than as a result of the discharge of such Guarantor Loan Party in accordance with the terms thereof), (ii) this Agreement or any material Collateral Document ceases ceasing to be in full force and effect or shall be declared null and void (other than by reason of (x) a release of Collateral in accordance with the terms hereof or thereof or (y) thereof, the occurrence of the Termination Date or any other termination of such Collateral Document in accordance with the terms thereof) or being declared by a court of competent jurisdiction to be null and void or (iii) other than in any bona fide, good faith dispute as to the scope of Collateral or whether any Lien has been, or is required to be released, the contesting by any Loan Party shall contest in writing of the validity or enforceability of any Loan Document or any material provision of any Loan Document in writing or deny denial by any Loan Party in writing that it has any further liability (other than by reason of the occurrence of the Termination DateDate or any other termination of any Loan Document in accordance with the terms thereof), including with respect to future advances by the Lenders, under any Loan Document to which it is a party; it being understood and agreed that the failure of the Administrative Agent to maintain possession of any Collateral actually delivered to it or file any UCC (or equivalent) continuation statement shall not result in an Event of Default under this clause (k) or any other provision of any Loan Document); or

Guaranties, Collateral Documents and Other Loan Documents. At any time after the execution and delivery thereof, thereof (i) any material Loan Guaranty for any reason, other than the occurrence of the Termination Date, shall cease reason ceasing to be in full force and effect (other than in accordance with its termsterms or as a result of the occurrence of the Termination Date) or shall be being declared by a court of competent jurisdiction to be null and void or any Guarantor shall repudiate the repudiation in writing by any Loan Party of its obligations thereunder (in each case other than as a result of the discharge of such Guarantor Loan Party in accordance with the terms thereof), (ii) this Agreement or any material Collateral Document ceases ceasing to be in full force and effect or shall be declared null and void (other than by reason of (x) a release of Collateral in accordance with the terms hereof or thereof or (y) thereof, the occurrence of the Termination Date or any other termination of such Collateral Document in accordance with the terms thereof) or being declared by a court of competent jurisdiction to be null and void or (iii) other than in any bona fide, good faith dispute as to the scope of Collateral or whether any Lien has been, or is required to be released, the contesting by any Loan Party shall contest in writing of the validity or enforceability of any Loan Document or any material provision of any Loan Document or deny denial by any Loan Party in writing that it has any further liability (other than by reason of the occurrence of the Termination DateDate or any other termination of any Loan Document in accordance with the terms thereof), including with respect to future advances by the Lenders, under any Loan Document to which it is a party; it being understood and agreed that the failure of the Administrative Agent to maintain possession of any Collateral actually delivered to it or file any UCC (or equivalent) continuation statement shall not result in an Event of Default under this clause (k) or any other provision of any Loan Document); or

Guaranties, Collateral Documents and Other Loan Documents. At any time after the execution and delivery thereof, thereof (i) any material Loan Guaranty for any reason, other than the occurrence of the Termination Date, shall cease reason ceasing to be in full force and effect (other than in accordance with its termsterms or as a result of the occurrence of the Termination Date) or shall be being declared by a court of competent jurisdiction to be null and void or any Guarantor shall repudiate the repudiation in writing by any Loan Party of its obligations thereunder (in each case other than as a result of the discharge of such Guarantor Loan Party in accordance with the terms thereof), (ii) this Agreement or any material Collateral Document ceases ceasing to be in full force and effect or shall be declared null and void (other than by reason of (x) a release of Collateral in accordance with the terms hereof or thereof or (y) thereof, the occurrence of the Termination Date or any other termination of such Collateral Document in accordance with the terms thereof) or being declared by a court of competent jurisdiction to be null and void or (iii) other than in any bona fide, good faith dispute as to the scope of Collateral or whether any Lien has been, or is required to be released, the contesting by any Loan Party shall contest in writing of the validity or enforceability of any Loan Document or any material provision of any Loan Document or deny denial by any Loan Party in writing that it has any further liability (other than by reason of the occurrence of the Termination DateDate or any other termination of any Loan Document in accordance with the terms thereof), including with respect to future advances by the Lenders, under any Loan Document to which it is a party; it being understood and agreed that the failure of the Administrative Agent to maintain possession of any Collateral actually delivered to it or file any UCC (or equivalent) continuation statement shall not result in an Event of Default under this clause (k) or any other provision of any Loan Document‎(k); or