Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; or the Company or any Subsidiary (or any Person by, through or on behalf of the Company or any Subsidiary) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 11 contracts
Samples: Credit Agreement (Fargo Electronics Inc), Credit Agreement (Fargo Electronics Inc), Credit Agreement (Carmax Inc)
Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; effect with respect to the Company or any Guarantor, the Company or any Guarantor shall fail (subject to any applicable grace period) to comply with or to perform any applicable provision of any Collateral Document to which such entity is a party, or the Company or any Subsidiary Guarantor (or any Person by, through or on behalf of the Company or any Subsidiarysuch Guarantor) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 10 contracts
Samples: Credit Agreement (U S Liquids Inc), Credit Agreement (U S Plastic Lumber Corp), Credit Agreement (Synagro Technologies Inc)
Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect, other than by virtue of the release of such Subsidiary after sale thereof in a transaction permitted hereunder or the voluntary dissolution of an immaterial Subsidiary; or the Company or any Subsidiary (or any Person by, through or on behalf of the Company or any Subsidiary) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 6 contracts
Samples: Credit Agreement (Penske Automotive Group, Inc.), Fourth Amended and Restated Credit Agreement (Penske Automotive Group, Inc.), Credit Agreement (United Auto Group Inc)
Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; effect other than pursuant to the terms thereof, or any of the Company or any Subsidiary the Guarantors (or any Person by, through or on behalf of any of the Company or any Subsidiarythe Guarantors) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 2 contracts
Samples: Credit Agreement (Standard Parking Corp), Credit Agreement (Standard Parking Corp)
Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; effect (other than (x) pursuant to the terms thereof or (y) solely as a result of action taken or omitted, as applicable, by the Administrative Agent and/or the Required Lenders), or any of the Company or any Subsidiary the Guarantors (or any Person by, through or on behalf of any of the Company or any Subsidiarythe Guarantors) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 2 contracts
Samples: Credit Agreement (SP Plus Corp), Credit Agreement (Standard Parking Corp)
Invalidity of Collateral Documents, etc. Any Collateral Document --------------------------------------- shall cease to be in full force and effect; or the Company or any Subsidiary (or any Person by, through or on behalf of the Company or any Subsidiary) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 1 contract
Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; or the Company or any Subsidiary Borrower (or any Person by, through or on behalf of the Company or any SubsidiaryBorrower) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 1 contract
Samples: Credit Agreement (MPW Industrial Services Group Inc)
Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; or the Company or any Subsidiary Borrower (or any Person by, through or on behalf of the Company or any SubsidiaryBorrower) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 1 contract
Invalidity of Collateral Documents, etc. Any Collateral Document ---------------------------------------- shall cease to be in full force and effect; or the Company or any Subsidiary (or any Person by, through or on behalf of the Company or any Subsidiary) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 1 contract
Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effecteffect other than pursuant to the terms thereof; or any of the Company or any Subsidiary the Guarantors (or any Person by, through or on behalf of any of the Company or any Subsidiarythe Guarantors) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 1 contract
Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; or the either Company or any Subsidiary Guarantor (or any Person by, through or on behalf of the either Company or any SubsidiaryGuarantor) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 1 contract
Samples: Credit Agreement (Akorn Inc)
Invalidity of Collateral Documents, etc. Any Collateral Document shall cease to be in full force and effect; effect with respect to the Company or any Subsidiary, the Company or any Subsidiary shall fail (subject to any applicable grace period) to comply with or to perform any applicable provision of any Collateral Document, or the Company or any Subsidiary (or any Person by, through or on behalf of the Company or any Subsidiary) shall contest in any manner the validity, binding nature or enforceability of any Collateral Document.
Appears in 1 contract
Samples: Credit Agreement (Weston Roy F Inc)
