Invalidity of Guaranties. At any time after the execution and delivery thereof, any Guaranty of the Obligations of Company, for any reason other than the satisfaction in full of all Obligations, ceases to be in full force and effect or is declared to be null and void (except with respect to the obligations thereunder of Immaterial Subsidiaries of Company) or any Loan Party (other than Immaterial Subsidiaries of Company) denies in writing that it has any further liability, including, without limitation, with respect to future advances by Lenders, under any Loan Document to which it is a party; or
Invalidity of Guaranties. (a) Except as otherwise permitted herein, the Subsidiary Guaranty shall cease to be in full force and effect, any Subsidiary Guarantor shall fail (subject to any applicable grace period) to comply with or to perform any applicable provision of the Subsidiary Guaranty, or the Company or any other Loan Party (or any Person by, through or on behalf of the Company or any other Loan Party) shall contest in writing the validity, binding nature or enforceability of the Subsidiary Guaranty with respect to any Subsidiary Guarantor.
Invalidity of Guaranties. Any Guaranty by any Guarantor (other than a Loan Party that is an Immaterial Subsidiary) pursuant to Article XI hereof shall cease to be, or shall be asserted by any Loan Party (other than a Loan Party that is an Immaterial Subsidiary) not to be, in full force and effect, except as a result of the release or termination of such Guaranty in accordance with this Agreement; or
Invalidity of Guaranties. Any of the Loan Guaranties for any reason, other than the satisfaction in full of all Obligations and termination of this Agreement, ceases to be in full force and effect or is declared to be null and void, or Company or any Xxxx-Xxxxxx Guarantor Subsidiary denies that it has any further liability under the Loan Guaranty to which it is party, or gives notice to such effect; or
Invalidity of Guaranties. 121 8.13 Failure of Security..........................................121 8.14 Termination or Breach of Certain Transition Agreements, Log Cabin Transition Agreements and Xxxxxx Xxxxx Transaction Agreements.......................................121 8.15 Conduct of Business By Company...............................121 8.16
Invalidity of Guaranties. 128 8.13 Failure of Security..................................................................128
Invalidity of Guaranties. 114 8.13 Failure of Security................................................................ 114 SECTION 9. AGENTS........................................................................................... 115 9.1 Appointment........................................................................ 115 9.2 Powers; General Immunity........................................................... 117 9.3 Representations and Warranties; No Responsibility for Appraisal of Creditworthiness................................................................... 118 9.4 Right to Indemnity................................................................. 118 9.5 Successor Administrative Agent and Swing Line Lender............................... 119 9.6 Collateral Documents; Successor Collateral Agent................................... 119
Invalidity of Guaranties. At any time after the execution and delivery thereof, (i) any Guaranty for any reason, other than the satisfaction in full of all Obligations, 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 (ii) any Loan party shall contest the validity or enforceability of any Loan Document in writing or deny in writing that it has any further liability, including with respect to future advances by Lenders, under any Loan Document to which it is a party: THEN (i) upon the occurrence of any Event of Default described in subsection 8.6 or 8.7, each of (a) the unpaid principal amount of and accrued interest on the Loans, (b) an amount equal to the maximum amount that may at any time be drawn under all Letters of Credit then outstanding (whether or not any beneficiary under any such Letter of Credit shall have presented, or shall be entitled at such time to present, the drafts or other documents or certificates required to draw under such Letter of Credit), and (c) all other Obligations shall automatically become immediately due and payable, without presentment, demand, protest or other requirements of any kind, all of which are hereby expressly waived by the Borrowers, and the obligation of each Lender to make any Loan, the obligation of the Administrative Agent to issue any Letter of Credit and the right of any Lender to issue any Letter of Credit hereunder shall thereupon terminate, and (ii) upon the occurrence and during the continuation of any other Event of Default, the Administrative Agent shall, upon the written request or with the written consent of the Requisite Lenders, by written notice to the Borrowers, declare all or any portion of the amounts described in clauses (a) through (c) above to be, and the same shall forthwith become, immediately due and payable, and the obligation of each Lender to make any Loan, the obligation of the Administrative Agent to issue any Letter of Credit and the right of any Lender to issue any Letter of Credit hereunder shall thereupon terminate; provided that the foregoing shall not affect in any way the obligations of the Lenders under subsection 3.3C(i) or the obligations of the Lenders to participate in any unpaid Swing Line Loans as provided in subsection 2.1A(ii) or the obligations of the Lenders to participate in any unpaid Canadian Loans as provided in subsection 2.1A(iii). Any amounts described in clause (b) above, when received by the Administr...
Invalidity of Guaranties. 118 8.13 Failure of Security......................................................................... 119 8.14 Termination or Breach of Certain Transition Agreements...................................... 119 8.15 Default Under Subordination Provisions...................................................... 119 8.16 Failure to Deliver Financial Information.................................................... 119
Invalidity of Guaranties. 128 8.13 Failure of Security. . . . . . . . . . . . . . . . . . . . . . . . 128 8.14 Failure to Consummate Acquisitions. . . . . . . . . . . . . . . . . 128 8.15
