Common use of Loan Documents; Failure of Security Clause in Contracts

Loan Documents; Failure of Security. At any time, for any reason, ----------------------------------- (i) any Loan Document ceases to be in full force and effect or a Borrower or any of the Borrowers' Restricted Subsidiaries party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or a Borrower or any such Restricted Subsidiary seeks to render such Liens, invalid or unperfected, or (ii) Liens in favor of the Administrative Agent, the Issuing Banks and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by the Loan Documents.

Loan Documents; Failure of Security. At any time, for any reason, ----------------------------------- (i) any Loan Document ceases to be in full force and effect (except in accordance with its terms) or a any Borrower or any of the Borrowers' Restricted Subsidiaries Borrower Subsidiary party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or a any Borrower or any such Restricted Borrower Subsidiary seeks to render such Liens, invalid or unperfected, or (ii) Liens in favor of the Administrative Agent, the Issuing Banks and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by the other Loan Documents.

Loan Documents; Failure of Security. At any time, for any reason, ----------------------------------- (i) any Loan Document ceases to be in full force and effect (except in accordance with its terms) or a any Borrower or any of the Borrowers' Restricted Subsidiaries Borrower Subsidiary party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or a any Borrower or any such Restricted Borrower Subsidiary seeks to render such Liens, invalid or unperfected, or (ii) Liens in favor of the Administrative Agent, the Issuing Banks Bank and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by the other Loan Documents.

Loan Documents; Failure of Security. At any time, for any reason, ----------------------------------- (i) any Loan Document ceases to be in full force and effect or a Borrower any Loan Party or any of the Borrowers' Restricted Borrower's Subsidiaries party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or a Borrower any Loan Party or any such Restricted Subsidiary seeks to render such Liens, invalid or and unperfected, or (ii) Liens in favor of the Administrative Agents, the Collateral Agent, the Issuing Banks and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by this Agreement, the Loan Documents or the other Transaction Documents.

Loan Documents; Failure of Security. At any time, for any reason, ----------------------------------- (i) any Loan Document ceases to be in full force and effect or a Borrower any Loan Party or any of the Borrowers' Restricted Borrower's Subsidiaries party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or a Borrower any Loan Party or any such Restricted Subsidiary seeks to render such Liens, invalid or and unperfected, ; or (ii) Liens in favor of the Administrative AgentAgents, the Issuing Banks and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by this Agreement, the Loan Documents or the other Transaction Documents.

Loan Documents; Failure of Security. At any time, for any reason, ----------------------------------- (i) any Loan Document ceases to be in full force and effect or a Borrower any Loan Party or any of the Borrowers' Restricted Subsidiaries party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or a Borrower any Loan Party or any such Restricted Subsidiary seeks to render such Liens, invalid or and unperfected, or (ii) Liens in favor of the Administrative Agents, the Collateral Agent, the Issuing Banks and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by this Agreement, the Loan Documents or the other Transaction Documents.

Loan Documents; Failure of Security. At any time, for any reason, ----------------------------------- (i) any Loan Document ceases to be in full force and effect (except in accordance with its terms) or a Borrower Holdings, the Company or any of the Borrowers' Restricted Company's Subsidiaries party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or a Borrower Holdings, the Company or any such Restricted Subsidiary seeks to render such Liens, invalid or unperfected, or (ii) Liens in favor of the Administrative Agent, the Issuing Banks and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by the other Loan Documents.

Loan Documents; Failure of Security. At any time, for ----------------------------------- any reason, ----------------------------------- (i) any Loan Document ceases to be in full force and effect (other than pursuant to the terms thereof) or a Borrower the Parent Guarantor or any of the Borrowers' Restricted its Subsidiaries party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or a Borrower the Parent Guarantor or any such Restricted Subsidiary seeks to render such Liens, invalid or unperfected, or (ii) Liens in favor of the Administrative Agent, Agent for the Issuing Banks and/or benefit of the Lenders Secured Parties contemplated by the Loan Documents shall, at any time, for any reason, shall be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby by this Agreement or by the Loan Documents.

Loan Documents; Failure of Security. At any time, for any reason, ----------------------------------- (i) any Loan Document ceases to be in full force and effect or a Borrower or any of the Borrowers' ’ Restricted Subsidiaries party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or a Borrower or any such Restricted Subsidiary seeks to render such Liens, invalid or unperfected, unperfected or (ii) Liens in favor of the Administrative Agent, the Issuing Banks and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by the Loan Documents.. (k)

Loan Documents; Failure of Security. At any time, for any reason, ----------------------------------- reason (i) any Loan Document ceases to be in full force and effect or a Borrower Holdco, the Company or any of the Borrowers' Restricted its Subsidiaries party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or a Borrower Holdco, the Company or any such Restricted Subsidiary seeks to render such Liens, invalid or unperfected, or (ii) Liens in favor of the Administrative Agent, the CoAgents, the Issuing Banks and/or the Lenders contemplated by the Loan Documents shall, at any time, for any reason, be invalidated or otherwise cease to be in full force and effect, or such Liens shall be subordinated or shall not have the priority contemplated hereby or by the other Loan Documents.