Common use of Security imperilled Clause in Contracts

Security imperilled. Any Credit Document is declared by a court or tribunal of competent jurisdiction to be void, invalid, illegal or unenforceable or the validity, legality or enforceability thereof is contested by any Credit Party or any other Person party thereto (other than the Lender), or any Credit Party or any other Person party thereto denies that it has any or further obligations thereunder;

Appears in 9 contracts

Sources: Loan Agreement (Gryphon Gold Corp), Senior Secured Gold Stream Credit Agreement (Royal Standard Minerals Inc), Loan Agreement (Gryphon Gold Corp)

Security imperilled. Any Credit Document is declared by a court or tribunal of competent jurisdiction to be void, invalid, illegal or unenforceable or the validity, legality or enforceability thereof is contested by any Credit Party or any other Person party thereto (other than the Lender), or any Credit Party or any other Person party thereto denies that it has any or further obligations thereunder;.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Atna Resources LTD)