Common use of Invalidity of Subordination Provisions Clause in Contracts

Invalidity of Subordination Provisions. The lien subordination provisions of the Intercreditor Agreement or any agreement or instrument governing any Subordinated Indebtedness shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any Person deny that it has any further liability or obligation thereunder, or the Obligations, for any reason shall not have the priority contemplated by this Agreement or such subordination provisions.

Appears in 5 contracts

Samples: Credit Agreement (Axiall Corp/De/), Credit Agreement (Axiall Corp/De/), Credit Agreement (Axiall Corp/De/)

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Invalidity of Subordination Provisions. The lien subordination Any provisions of the Intercreditor any Subordination Agreement or any agreement or instrument governing any Subordinated Indebtedness thereunder shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any Person deny that it has any further liability the Obligations or obligation thereunder, or the Liens securing the Obligations, for any reason shall not have the priority contemplated by this Agreement or such subordination provisions.

Appears in 3 contracts

Samples: Credit Agreement (Addus HomeCare Corp), Credit Agreement (Addus HomeCare Corp), Credit Agreement

Invalidity of Subordination Provisions. The lien subordination provisions of in the Intercreditor Agreement or any agreement or instrument governing any Subordinated Indebtedness shall be for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or the holders thereof or any other Person deny shall contest in any manner the validity or enforceability thereof or denies that it has any further liability or obligation thereunder, or the Obligations, Indebtedness hereunder is for any reason shall subordinated or does not have the priority contemplated by this Agreement or such subordination provisions.; or

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (BMC Stock Holdings, Inc.), Senior Secured Credit Agreement (BMC Stock Holdings, Inc.)

Invalidity of Subordination Provisions. The lien subordination provisions of the AmerisourceBergen Intercreditor Agreement Agreement, or any agreement or instrument governing any Subordinated Indebtedness (including any subordination agreement) shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any Person shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the Obligations, for any reason shall not have the priority contemplated by this Agreement or such subordination provisions.;

Appears in 1 contract

Samples: Credit Agreement (Diplomat Pharmacy, Inc.)

Invalidity of Subordination Provisions. The lien Any subordination provisions of the Intercreditor Agreement any intercreditor or any subordination agreement or instrument governing the subordination of any Subordinated Indebtedness thereunder shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any Person shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the Obligations or the Liens securing the Obligations, for any reason shall not have the priority contemplated by this Agreement or such subordination provisions.; or (n)

Appears in 1 contract

Samples: Credit Agreement (Phreesia, Inc.)

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Invalidity of Subordination Provisions. The lien subordination provisions of the Intercreditor Agreement or any agreement or instrument governing any Subordinated Indebtedness shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any Person shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the Obligations, for any reason shall not have the priority contemplated by this Agreement, the Intercreditor Agreement or such subordination provisions.agreement or instrument governing any Subordinated Indebtedness; or

Appears in 1 contract

Samples: Credit Agreement (Constellium N.V.)

Invalidity of Subordination Provisions. The lien subordination provisions of the Intercreditor Agreement or any agreement or instrument governing any Subordinated Indebtedness shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any Person shall contest in any manner the validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the Obligations, for any reason shall not have the priority contemplated by this Agreement, the Intercreditor Agreement or such subordination provisions.agreement or instrument governing any Subordinated Indebtedness;

Appears in 1 contract

Samples: Credit Agreement (Constellium N.V.)

Invalidity of Subordination Provisions. The lien subordination provisions of the Intercreditor Agreement or any agreement or instrument governing any Subordinated Indebtedness shall for any reason be revoked or invalidated, or otherwise cease to be in full force and effect, or any Person deny shall commence litigation that contests the validity or enforceability thereof or affirmatively denies that it has any further liability or obligation thereunder, or the Obligations, for any reason shall not have the priority contemplated by this Agreement or such subordination provisions.; or

Appears in 1 contract

Samples: Credit Agreement (Rentech Nitrogen Partners, L.P.)

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