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

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

Appears in 11 contracts

Samples: Credit Agreement (Vail Resorts Inc), Credit Agreement (Vail Resorts Inc), Credit Agreement (Vail Resorts Inc)

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Validity and Enforceability of Loan Papers. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Any Loan Paper 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 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 Restricted Company party thereto or any Restricted Company denies shall deny in writing that it has any or any further liability or obligations under any Loan Paper to which it is a party.

Appears in 8 contracts

Samples: Credit Agreement (Worldcom Inc /Ga/), Day Revolving Credit Agreement (Worldcom Inc/ga//), Revolving Credit Agreement (Worldcom Inc /Ga/)

Validity and Enforceability of Loan Papers. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Loan Paper 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 Tribunal to be null and void or its validity or enforceability is contested in writing by any Company party thereto or any Company denies in writing that it has any further liability or obligations under any Loan Paper to which it is a party.

Appears in 6 contracts

Samples: Credit Agreement (Monro, Inc.), Credit Agreement (Monro Muffler Brake Inc), Credit Agreement (Monro Muffler Brake Inc)

Validity and Enforceability of Loan Papers. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Any Loan Paper 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 to be null and void or its the validity or enforceability is thereof be contested by any Company party thereto or any Company denies shall deny that it has any further liability or obligations under any Loan Paper to which it is a party.

Appears in 4 contracts

Samples: Credit Agreement (Centurytel Inc), Credit Agreement (Centurytel Inc), Credit Agreement (Centurytel Inc)

Validity and Enforceability of Loan Papers. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Any Loan Paper 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 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 or Guarantor party thereto or any Company denies or Guarantor shall deny in writing that it has any or any further liability or obligations under any Loan Paper to which it is a party.

Appears in 4 contracts

Samples: 364 Day Revolving Credit and Term Loan Agreement (Dobson Communications Corp), Revolving Credit Agreement (Integrated Orthopedics Inc), Revolving Credit Agreement (Dobson Communications Corp)

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

Appears in 3 contracts

Samples: Credit Agreement (Vail Resorts Inc), Credit Agreement (Vail Resorts Inc), Credit Agreement (Vail Resorts Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Vail Resorts Inc)

Validity and Enforceability of Loan Papers. Except in accordance with its terms or as otherwise expressly permitted by this Agreement, any Any Loan Paper 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 to be null and void or its the validity or enforceability is thereof be contested by any Company party thereto or any Company denies shall deny that it has any further liability or obligations under any Loan Paper to which it is a party.. SECTION 9 --------- RIGHTS AND REMEDIES -------------------

Appears in 1 contract

Samples: Credit Agreement (Centurytel Inc)

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