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 the Borrower or any of its Subsidiaries party thereto seeks to repudiate its obligations thereunder and the Liens intended to be created thereby are, or the Borrower or any such Subsidiary seeks to render such Liens, invalid and unperfected, or (ii) Liens in favor of the Lender 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 by this Agreement or 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 the any Borrower or any Subsidiary of its Subsidiaries the Borrowers party thereto seeks to repudiate its obligations thereunder and or the Liens intended to be created thereby are, or the any Borrower or any such Subsidiary seeks to render such Liens, invalid and or unperfected, or (ii) Liens in favor of the Lender Collateral Agent for the benefit of the Holders 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 by this Agreement or 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 the Borrower or any of its the Borrower's Subsidiaries party thereto seeks to repudiate its obligations thereunder and or the Liens intended to be created thereby are, or the Borrower or any such Subsidiary seeks to render such Liens, invalid and or unperfected, or (ii) Liens in favor any Lien on any Collateral of the Lender contemplated by the Loan Documents any Material Subsidiary 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 Lien shall not have the priority contemplated by this Agreement or 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 the Borrower or any of its Subsidiaries party thereto seeks to repudiate its obligations thereunder and or the Liens intended to be created thereby are, or the Borrower or any such Subsidiary seeks to render such Liens, invalid and or unperfected, or (ii) Liens in favor of the Lender Administrative Agent for the benefit of the Holders 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 by this Agreement or the Loan Documents.