Common use of Validity and Enforceability of Loan Documents Clause in Contracts

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Loan Document at any time after its execution and delivery ceases to be in full force and effect in any material respect or is declared by a Governmental Authority to be null and void or its validity or enforceability is contested by any Company, or any Company denies that it has any further liability or obligations under any Loan Document to which it is a party.

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this AgreementAny Loan Paper shall, any Loan Document at any time after its execution and delivery ceases and for any reason, cease to be in full force and effect in any material respect or is be declared by a Governmental Authority to be null and void or its the validity or enforceability is thereof be contested by any Company, Company party thereto or any Company denies shall deny that it has any further liability or obligations under any Loan Document Paper to which it is a party.

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Loan Document at any time after its execution and delivery ceases to be in full force and effect in any material respect or is declared by a Governmental Authority to be null and void or its validity or enforceability is contested by any Company, Loan Party or any Company Loan Party denies that it has any further liability or obligations under any Loan Document, unless such Loan Party does not have any further liability or obligations under such Loan Document to which it is as a partyresult of a transaction permitted by this Agreement.

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Any Loan Document at any time after its execution and delivery ceases to be in full force and effect in any material respect or is declared by a Governmental Authority to be null and void or its validity or enforceability is contested by any Company, or any Company denies that it has any further liability or obligations under any Loan Document to which it is a party.

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Loan Document at any time after its execution and delivery ceases to be in full force and effect in any material respect or is declared by a Governmental Authority to be null and void or its validity or enforceability is contested by any Company, Borrower or any Company Borrower denies that it has any further liability or obligations under any Loan Document, unless such Borrower does not have any further liability or obligations under such Loan Document to which it is as a partyresult of a transaction permitted by this Agreement.

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Loan Document at any time after its execution and delivery ceases to be in full force and effect in any material respect or is declared by a Governmental Authority Tribunal to be null and void or its validity or enforceability is contested by any Company, Company party thereto or any Company denies that it has any further liability or obligations under any Loan Document to which it is a party.

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Loan Document at any time after its execution and delivery ceases to be in full force and effect in any material respect or is declared by a Governmental Authority Tribunal to be null and void or its validity or enforceability is contested by any Company, Company or any Company denies that it has any further liability or obligations under any Loan Document to which it is a party.

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this Agreementterms, any Loan Document at any time after its execution and delivery (a) ceases to be in full force and effect in any material respect or is declared by a Governmental Authority to be null and void void, or (b) its validity or enforceability is contested by any Company, a Company or any a Company denies that it has any further liability or obligations under any Loan Document to which it is a partyDocument.

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Loan Document at any time after its execution and delivery ceases to be in full force and effect in any material respect or is declared by a Governmental Authority Tribunal to be null and void or its validity or enforceability is contested by any Company, Borrower or any Company Borrower denies that it has any further liability or obligations under any Loan Document to which it is a party.

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Any Loan Document shall, at any time after its execution and delivery ceases and for any reason, cease to be in full force and effect in any material respect or is be declared by a Governmental Authority to be null and void (other than in accordance with the terms hereof or its thereof) or the validity or enforceability is thereof be contested by any Company, Company party thereto or any Company denies shall deny in writing that it has any liability or any further liability or obligations under any Loan Document to which it is a party.. Credit Agreement 81

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Any Loan Document --------------------------------------------- shall, at any time after its execution and delivery ceases and for any reason, cease to be in full force and effect in any material respect or is be declared by a Governmental Authority to be null and void (other than in accordance with the terms hereof or its thereof) or the validity or enforceability is thereof be contested by any Company, Loan Party party thereto or any Company denies Loan Party shall deny in writing that it has any or any further liability or obligations under any Loan Document to which it is a party.

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Any Loan Document shall, at any time after its execution and delivery ceases and for any reason, cease to be in full force and effect in any material respect or is be declared by a Governmental Authority to be null and void (other than in accordance with the terms hereof or its thereof) or the validity or enforceability is thereof shall be contested by any Company, Company party thereto or any Company denies shall deny in writing that it has any or any further liability or obligations under any Loan Document to which it is a party.

Validity and Enforceability of Loan Documents. Except in --------------------------------------------- accordance with its terms or as otherwise expressly permitted by this Agreement, any Loan Document at any time after its execution and delivery ceases to be in full force and effect in any material respect or is declared by a Governmental Authority to be null and void or its validity or enforceability is contested by any Company, Borrower or any Company The Vail Corporation or Borrower or The Vail Corporation denies that it has any further liability or obligations under any Loan Document to which it is a party.

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Any Loan Document at any time after its execution and delivery ceases to be in full force and effect in any material respect or is declared by a Governmental Authority to be null and void or its validity or enforceability is contested by any Company, or any Company denies that it has any further liability or obligations under any Loan Document to which it is a party.. Credit Agreement 60

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Loan Document at any time after its execution and delivery ceases to be in full force and effect in any material respect or is declared by a Governmental Authority Tribunal to be null and void or its validity or enforceability is contested by any Company, Borrower or any Company Borrower denies that it has any further liability or obligations under any Loan Document to which it is a party.Document. 21

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Any Loan Document shall, at any time after its execution and delivery ceases and for any reason, cease to be in full force and effect in any material respect or is be declared by a Governmental Authority to be null and void (other than in accordance with the terms hereof or its thereof) or the validity or enforceability is thereof be contested by any Company, Borrower party thereto or any Company denies Borrower shall deny in writing that it has any or any further liability or obligations under any Loan Document to which it is a party.

Validity and Enforceability of Loan Documents. Except in accordance with its terms or as otherwise expressly permitted by this AgreementAny Loan Paper shall, any Loan Document at any time after its execution and delivery ceases and for any reason, cease to be in full force and effect in any material respect or is be declared by a Governmental Authority to be null and void or its the validity or enforceability is thereof be contested by any Company, Company party thereto or any Company denies shall deny that it has any further liability or obligations under any Loan Document Paper to which it is a party.. SECTION 7 ---------