Common use of Invalidity of Subordination Provisions Clause in Contracts

Invalidity of Subordination Provisions. Any provisions of any Subordination Agreement or any agreement or instrument governing any Indebtedness thereunder shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any Person shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the Obligations or the Liens securing the Obligations, for any reason shall not have the priority contemplated by this Agreement or such subordination provisions.

Appears in 1 contract

Samples: Credit Agreement (Legacy Housing Corp)

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Invalidity of Subordination Provisions. Any provisions of any Subordination Agreement or any agreement or instrument governing any Material Indebtedness thereunder shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any Person shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the Obligations or the Liens securing the Obligations, for any reason shall not have the priority contemplated by this Agreement or such subordination provisions.

Appears in 1 contract

Samples: Credit Agreement (Addus HomeCare Corp)

Invalidity of Subordination Provisions. Any The subordination -------------------------------------- provisions of any Subordination Agreement or any agreement or instrument governing any Subordinated Indebtedness thereunder shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effecteffect in any material respect, or any Person shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the Obligations or the Liens securing the Obligations, shall for any reason shall not have the priority contemplated by this Agreement or such subordination provisions.; or

Appears in 1 contract

Samples: Credit Agreement (Shade Acquisition Inc)

Invalidity of Subordination Provisions. Any provisions of any Subordination Agreement subordination agreement or any other agreement or instrument governing any Subordinated Indebtedness thereunder shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any Person shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the Obligations or the Liens securing the Obligations, for any reason shall not have the priority contemplated by this Agreement or such subordination provisions.

Appears in 1 contract

Samples: Credit Agreement (Amphastar Pharmaceuticals, Inc.)

Invalidity of Subordination Provisions. Any The subordination provisions of any Subordination Agreement the Seller Note or any agreement or instrument governing any Subordinated Indebtedness thereunder shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any Person shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the Obligations or the Liens securing the Obligations, for any reason shall not have the priority contemplated by this Agreement or such subordination provisions.; or

Appears in 1 contract

Samples: Credit Agreement (Rand Logistics, Inc.)

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Invalidity of Subordination Provisions. Any The subordination provisions of any Subordination Agreement or any agreement or instrument governing any Indebtedness thereunder subordinated to the Obligations shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any Person shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the Obligations or the Liens securing the Obligations, for any reason shall not have the priority contemplated by this Agreement or such subordination provisions.; or

Appears in 1 contract

Samples: Credit Agreement (Harris & Harris Group Inc /Ny/)

Invalidity of Subordination Provisions. Any provisions agreements or instruments governing Subordinated Indebtedness in excess of any Subordination Agreement $1,000,000 individually or in the aggregate, or any agreement or instrument governing any Indebtedness thereunder subordination provisions thereof, shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any Person shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the Obligations or the Liens securing the Obligations, for any reason shall not have the priority contemplated by this Agreement or such subordination provisions.; or

Appears in 1 contract

Samples: Credit Agreement (Metropolitan Health Networks Inc)

Invalidity of Subordination Provisions. Any provisions agreements or instruments governing Subordinated Indebtedness in excess of any Subordination Agreement 1,100,000 individually or in the aggregate, or any agreement or instrument governing any Indebtedness thereunder subordination provisions thereof, shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any Person shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the Obligations or the Liens securing the Obligations, for any reason shall not have the priority contemplated by this Agreement or such subordination provisions.; or

Appears in 1 contract

Samples: Credit Agreement (Metropolitan Health Networks Inc)

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