Common use of Invalidity of Credit Documents Clause in Contracts

Invalidity of Credit Documents. Any other Credit Document shall fail to be in full force and effect or to give the Administrative Agent and/or the Lenders the security interests, liens, rights, powers and privileges purported to be created thereby (except as such documents may be terminated or no longer in force and effect in accordance with the terms thereof, other than those indemnities and provisions which by their terms shall survive), or any Credit Party shall contest, in writing, the validity or enforceability of any Lien granted to the Administrative Agent for the benefit of the Lenders or any Lien shall fail to be a first priority, perfected Lien on a material portion of the personal property Collateral; or

Invalidity of Credit Documents. Any other Credit Document shall fail to be in full force and effect or to give the Administrative Agent and/or the Lenders the security interests, liens, rights, powers powers, priority and privileges purported to be created thereby (except as such documents may be terminated or no longer in force and effect in accordance with the terms thereof, other than those indemnities and provisions which by their terms shall survive), ) or any Credit Party shall contest, in writing, the validity or enforceability of any Lien granted pursuant to the Administrative Agent for the benefit any Credit Document shall fail, in violation of the Lenders or any Lien shall fail terms of this Agreement, to be a first priority, perfected Lien on a material portion of the personal property Collateral; or

Invalidity of Credit Documents. Any other Credit Document shall fail to be in full force and effect or to give the Administrative Agent and/or the Lenders the security interests, liens, rights, powers powers, priority and privileges purported to be created thereby (except as such documents may be terminated or no longer in force and effect in accordance with the terms thereof, other than those indemnities and provisions which by their terms shall survive), or any Credit Party shall contest, in writing, the validity or enforceability of any Lien granted to the Administrative Agent for the benefit of the Lenders ) or any Lien shall fail (other than by the action or inaction of the Administrative Agent or any Lender) to be a first second priority, perfected Lien on a material portion of the personal property Collateral; or

Invalidity of Credit Documents. Any other Credit Document shall fail to be in full force and effect or to give the Administrative Agent and/or the Lenders the security interests, liens, rights, powers powers, priority and privileges purported to be created thereby (except as such documents may be terminated or no longer in force and effect in accordance with the terms thereof, other than those indemnities and provisions which by their terms shall survive), or any Credit Party shall contest, in writing, the validity or enforceability of any Lien granted to the Administrative Agent for the benefit of the Lenders ) or any Lien shall fail (other than by the action or inaction of the Administrative Agent or any Lender) to be a first priority, perfected Lien on a material portion of the personal property Collateral; or

Invalidity of Credit Documents. Any other Credit Document shall fail to be in full force and effect or to give the Administrative Agent and/or the Lenders the security interests, liens, rights, powers powers, priority and privileges purported to be created thereby (except as such documents may be terminated or no longer in force and effect in 104 accordance with the terms thereof, other than those indemnities and provisions which by their terms shall survive), ) or any Credit Party shall contest, in writing, the validity or enforceability of any Lien granted pursuant to the Administrative Agent for the benefit any Credit Document shall fail, in violation of the Lenders or any Lien shall fail terms of this Agreement, to be a first priority, perfected Lien on a material portion of the personal property Collateral; or

Invalidity of Credit Documents. Any other Credit Document shall fail to be in full force and effect or to give the Administrative Agent and/or the Lenders the security interests, liens, rights, powers powers, priority and privileges purported to be created thereby (except as such documents may be terminated or no longer in force and effect in accordance with the terms thereof, other than those indemnities and provisions which by 110 their terms shall survive), ) or any Credit Party shall contest, in writing, the validity or enforceability of any Lien granted pursuant to the Administrative Agent for the benefit any Credit Document shall fail, in violation of the Lenders or any Lien shall fail terms of this Agreement, to be a first priority, perfected Lien on a material portion of the personal property Collateral; or