Invalidity of Subordination Provisions. The subordination provisions of the documents evidencing or governing any Subordinated Indebtedness shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness.
Appears in 20 contracts
Samples: Credit Agreement (Silicon Laboratories Inc.), Credit Agreement (Concentrix Corp), Credit Agreement (Synnex Corp)
Invalidity of Subordination Provisions. The subordination provisions in any of the documents evidencing or governing any Subordinated Indebtedness shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable in any material respect against any holder of the applicable such Subordinated Indebtedness.
Appears in 5 contracts
Samples: Credit Agreement (Montrose Environmental Group, Inc.), Credit Agreement (Montrose Environmental Group, Inc.), Credit Agreement (Montrose Environmental Group, Inc.)
Invalidity of Subordination Provisions. The subordination provisions of any Subordination Agreement or any of the documents evidencing or governing any Subordinated Indebtedness (in either case, with respect to Subordinated Indebtedness having an aggregate principal amount outstanding of more than the Threshold Amount) shall, in whole or in any material part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness.; or
Appears in 3 contracts
Samples: Credit Agreement (Enpro Industries, Inc), Credit Agreement (Enpro Industries, Inc), Credit Agreement (Enpro Industries, Inc)
Invalidity of Subordination Provisions. The subordination provisions of any Subordination Agreement or any of the documents evidencing or governing any Subordinated Indebtedness shall, in whole or in any material part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness.; or
Appears in 2 contracts
Samples: Credit Agreement (Enpro Industries, Inc), Credit Agreement (Enpro Industries, Inc)
Invalidity of Subordination Provisions. The subordination provisions of the documents evidencing or governing applicable to any Subordinated Indebtedness shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any the holder of the applicable Subordinated Indebtednessthereof.
Appears in 1 contract
Samples: Loan Agreement (Versar Inc)
Invalidity of Subordination Provisions. The subordination provisions of any Subordination Agreement or any of the documents evidencing or governing any Subordinated Indebtedness (in either case, with respect to Subordinated Indebtedness having an aggregate principal amount outstanding of more than the Threshold Amount) shall, in whole or in any material part, cxxvi terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness.; or
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Invalidity of Subordination Provisions. The subordination provisions of the any documents evidencing or governing any Subordinated Indebtedness in an outstanding principal amount of $5,000,000 or greater shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable Subordinated Indebtedness.
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