Common use of Invalidity of Obligations Clause in Contracts

Invalidity of Obligations. The invalidity, illegality or unenforceability of all or any part of the Obligations or any Security Instrument, including the Notes, for any reason whatsoever, including without limitation the fact that the Obligations, or any part thereof, exceed the amount permitted by law, the act of creating the Obligations or any part thereof is ultra virex, xxe officers or representatives executing any Security Instrument acted in excess of their authority, the Obligations violate applicable usury laws, the Borrower has valid defenses, claims or offsets (whether at law, in equity or by agreement) which render the Obligations wholly or partially uncollectible from the Borrower, the creation, performance or repayment of the Obligations (or the execution, delivery and performance of any Security Instrument) is illegal, uncollectible, legally impossible or unenforceable, or the Credit Agreement, the Notes or other Security Instruments have been forged or otherwise are irregular or not genuine or authentic;

Invalidity of Obligations. The invalidity, illegality or unenforceability of all or any part of the Obligations or any Security Instrument, including the Notes, for any reason whatsoever, including without limitation the fact that the Obligations, or any part thereof, exceed the amount permitted by law, the act of creating the Obligations or any part thereof is ultra virexxxxxx, xxe the officers or representatives executing any Security Instrument acted in excess of their authority, the Obligations violate applicable usury laws, the Borrower Company has valid defenses, claims or offsets (whether at law, in equity or by agreement) which render the Obligations wholly or partially uncollectible from the BorrowerCompany, the creation, performance or repayment of the Obligations (or the execution, delivery and performance of any Security Instrument) is illegal, uncollectible, legally impossible or unenforceable, or the Credit Agreement, the Notes or other Security Instruments have been forged or otherwise are irregular or not genuine or authentic;

Invalidity of Obligations. The invalidity, illegality or unenforceability of all or any part of the Obligations or any Security Instrument, including the Notes, for any reason whatsoever, including without limitation the fact that the Obligations, or any part thereof, exceed the amount permitted by law, the act of creating the Obligations or any part thereof is ultra virexxxxxx, xxe the officers or representatives executing any Security Instrument or otherwise creating the Obligations acted in excess of their authority, the Obligations violate applicable usury laws, the Borrower Company has valid defenses, claims or offsets (whether at law, in equity or by agreement) which render the Obligations wholly or partially uncollectible from the BorrowerCompany, the creation, performance or repayment of the Obligations (or the execution, delivery and performance of any Security Instrument) is illegal, uncollectible, legally impossible or unenforceable, or the Credit Agreement, the Notes or other Security Instruments have been forged or otherwise are irregular or not genuine or authentic;

Invalidity of Obligations. The invalidity, illegality or unenforceability of all or any part of the Obligations or any Security Instrument, including the Notes, for any reason whatsoever, including without limitation the fact that the Obligations, or any part thereof, exceed the amount permitted by law, the act of creating the Obligations or any part thereof is ultra virex, xxe officers or representatives executing any Security Instrument acted in excess of their authority, the Obligations violate applicable usury laws, the Borrower has valid defenses, claims or offsets (whether at law, in equity or by agreement) which render the Obligations wholly or partially uncollectible from the Borrower, the creation, performance or repayment of the Obligations (or the execution, delivery and performance of any Security Instrument) is illegal, uncollectible, uncollectible or legally impossible or unenforceable, or the Credit Agreement, the Notes or other Security Instruments have been forged or otherwise are irregular or not genuine or authentic;