Common use of Impairment of Security, etc Clause in Contracts

Impairment of Security, etc. Any Loan Document, or any Lien granted thereunder, shall (except in accordance with its terms or pursuant to Section 7.2.9), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of any Credit Party thereto; any Credit Party or any other party shall, directly or indirectly, contest in any manner the effectiveness, validity, binding nature or enforceability of any Loan Document or Lien granted thereunder; or any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such Loan Document.

Impairment of Security, etc. Any Loan Document, or any Lien granted thereunder, shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in part, terminate, cease to be effective in full force and effect or cease to be the legally valid, binding and enforceable obligation of any Credit Party Obligor party thereto; any Credit Party the Borrower or any other party Obligor shall, directly or indirectly, contest in any manner the effectiveness, validity, binding nature or enforceability of any Loan Document or Lien granted thereunderthereof; or any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such the Loan DocumentDocuments.

Impairment of Security, etc. Any Loan Document, Document or any Lien granted thereunder, thereunder shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of the Borrower or any Credit Party Subsidiary subject thereto; the Borrower, any Credit Party Subsidiary or any other party shall, directly or indirectly, contest in any manner the such effectiveness, validity, binding nature or enforceability of enforceability; or, except as permitted under any Loan Document or Lien granted thereunder; or Document, any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such Loan Document.

Impairment of Security, etc. Any Loan Document, Document or any Lien granted thereunder, thereunder shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of the Borrower or any Credit Party Subsidiary thereto; the Borrower, any Credit Party Subsidiary or any other party shall, directly or indirectly, contest in any manner the such effectiveness, validity, binding nature or enforceability of enforceability; or, except as permitted under any Loan Document or Lien granted thereunder; or Document, any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such Loan Document.

Impairment of Security, etc. Any Loan Document, or any Lien granted thereunder, shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of any Credit Party Obligor party thereto; any Credit Party Borrower or any other party Obligor shall, directly or indirectly, contest in any manner the such effectiveness, validity, binding nature or enforceability of any Loan Document or Lien granted thereunderenforceability; or any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such Loan Document.

Impairment of Security, etc. Any Loan Document, or any Lien granted thereunder, shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of any Credit Party Obligor party thereto; or the Borrower, any Credit Party other Obligor or any other party Subsidiary shall, directly or indirectly, contest in any manner the such effectiveness, validity, binding nature or enforceability of any Loan Document or Lien granted thereunderenforceability; or any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such Loan Document.

Impairment of Security, etc. Any Loan Document, Document or any Lien granted thereunder, thereunder shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of any a Credit Party or any of its Subsidiaries party thereto; any Credit Party or any other party of its Subsidiaries shall, directly or indirectly, contest in any manner the such effectiveness, validity, binding nature or enforceability of enforceability; or, except as permitted under any Loan Document or Lien granted thereunder; or Document, any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only except to those exceptions expressly permitted by the extent that any such loss of perfection results from the failure of the Agent to maintain possession of certificates actually delivered to or representing securities pledged under this Agreement or any other Loan DocumentDocuments.

Impairment of Security, etc. Any Loan Document, Document or any Lien granted thereunder, thereunder shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of any Credit Party Obligor party thereto; any Credit Party Obligor or any other party shall, directly or indirectly, contest in any manner the such effectiveness, validity, binding nature or enforceability of enforceability; or, except as permitted under any Loan Document or Lien granted thereunder; or Document, any Lien with respect to a material portion of the Collateral securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such Loan Document.

Impairment of Security, etc. Any Loan Document, Document or any Lien granted thereunder, thereunder shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of any Credit Party thereto; any Credit Party Holdings, the Borrower or any other party Loan Party subject thereto; Holdings, the Borrower or any other Loan Party shall, directly or indirectly, contest in any manner the such effectiveness, validity, binding nature or enforceability of enforceability; or, except as permitted under any Loan Document or Lien granted thereunder; or Document, any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, Lien (subject only to those exceptions expressly Liens permitted by such Loan DocumentSection 8.3).

Impairment of Security, etc. Any Loan Document, or any --------------------------- Lien granted thereunder, shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of any Credit Party Obligor party thereto; the Borrower, any Credit Party other Obligor or any other party shall, directly or indirectly, contest in any manner the such effectiveness, validity, binding nature or enforceability of enforceability; or, except as permitted under any Loan Document or Lien granted thereunder; or Document, any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such Loan Document.

Impairment of Security, etc. Any Loan Document, or any --------------------------- Lien granted thereunder, shall (except in accordance with its terms or pursuant to Section 7.2.9), in whole or in part, terminate, cease to be effective or ------------- cease to be the legally valid, binding and enforceable obligation of any Credit Party thereto; any Credit Party or any other party shall, directly or indirectly, contest in any manner the effectiveness, validity, binding nature or enforceability of any Loan Document or Lien granted thereunder; or any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such Loan Document.

Impairment of Security, etc. Any Loan Document, or any Lien granted thereunder, shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of any Credit Party Obligor party thereto; any Credit Party Borrower, any other Obligor or any other party shall, directly or indirectly, contest in any manner the such effectiveness, validity, binding nature or enforceability of any Loan Document or Lien granted thereunderenforceability; or any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such Loan Document.

Impairment of Security, etc. Any Loan Document, or any Lien granted thereunder, shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of any Credit Party Obligor party thereto; either Borrower, any Credit Party other Obligor or any other party shall, directly or indirectly, contest in any manner the such effectiveness, validity, binding nature or enforceability of any Loan Document or Lien granted thereunderenforceability; or any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such Loan Document.

Impairment of Security, etc. Any Loan Document, Document or any Lien granted thereunder, thereunder shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of any Credit Party Obligor or the Personal Guarantor party thereto; any Credit Party Obligor, the Personal Guarantor or any other party shall, directly or indirectly, contest in any manner the such effectiveness, validity, binding nature or enforceability of enforceability; or, except as permitted under any Loan Document or Lien granted thereunder; or Document, any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such Loan Document.

Impairment of Security, etc. Any Loan Document, or any Lien granted thereunder, shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in any material part, terminate, cease to be effective in any material respect or cease to be the legally valid, binding and enforceable obligation of any Credit Party theretoObligor party thereto in any material respect; KIL or any Credit Party other Obligor or any other party shall, directly or indirectly, contest in any manner the such effectiveness, validity, binding nature or enforceability of any Loan Document or Lien granted thereunderenforceability; or any Lien securing any Obligation shall, in whole or in any material part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such Loan Document.

Impairment of Security, etc. Any Loan Document, or any Lien granted thereunder, shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of any Credit Party Obligor party thereto; the Borrower, any Credit Party other Obligor or any other party Person shall, directly or indirectly, contest in any manner the such effectiveness, validity, binding nature or enforceability of enforceability; or, except as permitted under any Loan Document or Lien granted thereunder; or Document, any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such Loan Document.

Impairment of Security, etc. Any Loan Document, or any Lien granted thereunder, shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in part, terminate, cease to be effective in full force and effect or cease to be the legally valid, binding and enforceable obligation of any Credit Party Obligor party thereto; any Credit Party the Borrowers or any other party Obligor shall, directly or indirectly, contest in any manner the effectiveness, validity, binding nature or enforceability of any Loan Document or Lien granted thereunderthereof; or any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such Loan Document.

Impairment of Security, etc. Any Loan Document, or any Lien granted thereunder, shall (except in accordance with its terms or pursuant to Section 7.2.9terms), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation of any Credit Party Obligor party thereto; the Borrower, any Credit Party other Obligor or any other party shall, directly or indirectly, contest in any manner the such effectiveness, validity, binding nature or enforceability or shall disaffirm or deny any of its obligations under any Loan Document or Lien granted thereunderof the Guaranties; or any Lien securing any Obligation shall, in whole or in part, cease to be a perfected first priority Lien, subject only to those exceptions expressly permitted by such Loan Document.