Common use of Invalidity of Subordination Provisions Clause in Contracts

Invalidity of Subordination Provisions. The subordination provisions of any agreement or instrument governing the Senior Subordinated Note (2013) Documents, the Senior Subordinated Note (2014) Documents, the Senior Subordinated Note (2015) Documents or any other subordinated Indebtedness in excess of $50,000,000 is for any reason revoked or invalidated, or otherwise cease to be in full force and effect, any Person contests in any manner the validity or enforceability thereof or denies that it has any further liability or obligation thereunder, or the Loans and the other Obligations hereunder entitled to receive the benefits of any Loan Document is for any reason subordinated or does not have the priority contemplated by this Agreement or such subordination provisions; or

Appears in 9 contracts

Samples: Credit Agreement, Credit Agreement (Huntsman CORP), Credit Agreement (Huntsman International LLC)

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Invalidity of Subordination Provisions. The subordination provisions of any agreement or instrument governing or relating to the Senior Junior Subordinated Note Documents, the Seller Subordinated Notes (2013) Documentsif any), the Senior Subordinated Note (2014) Documents, the Senior Subordinated Note (2015) Documents or any other subordinated Subordinated Indebtedness in excess of $50,000,000 is for any reason revoked or invalidated, or otherwise cease ceases to be in full force and effect, Holdings or any Person of its Subsidiaries contests in any manner the validity or enforceability thereof or denies that it has any further liability or obligation thereunder, or the Loans and the other Obligations hereunder entitled to receive the benefits of any Loan Document is for any reason subordinated or does not have the priority contemplated by this Agreement or such subordination provisions; or

Appears in 1 contract

Samples: Credit Agreement (Irwin Telecom Services Inc)

Invalidity of Subordination Provisions. The subordination provisions of any agreement or instrument governing the Senior 2008 Subordinated Note (2013) DocumentsNotes, the Senior Subordinated Note (2014) Documentsany other documents evidencing, the Senior Subordinated Note (2015) Documents guaranteeing or otherwise governing subordinated notes evidencing any Permitted Additional Indebtedness or any other subordinated Permitted Refinancing Indebtedness in excess of $50,000,000 is for any reason revoked or invalidated, or otherwise cease ceases to be in full force and effect, any Person contests in any manner the validity or enforceability thereof or denies that it has any further liability or obligation thereunder, or the Loans and the other Obligations hereunder entitled to receive the benefits of any Loan Document is for any reason subordinated or does not have the priority contemplated by this Agreement or such subordination provisions; or

Appears in 1 contract

Samples: Credit Agreement (Ball Corp)

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Invalidity of Subordination Provisions. The subordination provisions of any agreement or instrument governing the Senior Subordinated Note (2013) Documents, the Senior Subordinated Note (2014) Documents, the Senior Subordinated Note (2015) Documents 146 or any other subordinated Indebtedness in excess of $50,000,000 is for any reason revoked or invalidated, or otherwise cease to be in full force and effect, any Person contests in any manner the validity or enforceability thereof or denies that it has any further liability or obligation thereunder, or the Loans and the other Obligations hereunder entitled to receive the benefits of any Loan Document is for any reason subordinated or does not have the priority contemplated by this Agreement or such subordination provisions; or

Appears in 1 contract

Samples: Credit Agreement (Huntsman CORP)

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