Invalidity of Subordination Provisions. Any subordination provision in any document or instrument governing any Approved AR Loan Facility or any subordination provision in any Intercreditor Agreement or any replacement Intercreditor Agreement, shall cease to be in full force and effect, or any Loan Party shall contest in any manner the validity, binding nature or enforceability of any such provision.
Appears in 3 contracts
Samples: Credit Agreement (Biolase, Inc), Credit Agreement (Biolase, Inc), Credit Agreement (Biolase, Inc)
Invalidity of Subordination Provisions. Any subordination provision in any document or instrument governing any Approved AR Loan Facility or any subordination provision in any the Intercreditor Agreement or any replacement Intercreditor Agreement, shall cease to be in full force and effect, or any Loan Party shall contest in any manner the validity, binding nature or enforceability of any such provision.
Appears in 2 contracts
Samples: Credit Agreement (Misonix Inc), Credit Agreement (New Misonix, Inc.)
Invalidity of Subordination Provisions. Any subordination provision in any document or instrument governing any Approved AR subordinated debt of a Loan Facility Party or any subordination provision in any Intercreditor Agreement or any replacement Intercreditor Agreementintercreditor agreement in respect of such subordinated debt, shall cease to be in full force and effect, or any Loan Party shall contest in any manner the validity, binding nature or enforceability of any such provision.
Appears in 1 contract
Samples: Credit Agreement (pSivida Corp.)
Invalidity of Subordination Provisions. Any subordination provision in any document or instrument governing any Approved AR Loan Facility or any subordination provision in any Intercreditor Agreement or any replacement Intercreditor Agreement, shall cease to be in full force and effect, or any Loan Party shall contest in any manner the validity, binding nature or enforceability of any such provision.. [Biolase] Credit Agreement #61304369
Appears in 1 contract
Samples: Credit Agreement (Biolase, Inc)
Invalidity of Subordination Provisions. Any subordination provision in any document or instrument governing any Subordinated Debt or any Approved AR Loan Facility or and any subordination provision in any Intercreditor Agreement intercreditor agreement or any replacement Intercreditor Agreement, subordination agreement in relation thereto shall cease to be in full force and effect, or any Loan Party shall contest in any manner the validity, binding nature or enforceability of any such provision.
Appears in 1 contract
Samples: Credit Agreement (Biotricity Inc.)
Invalidity of Subordination Provisions. Any subordination provision in any document or instrument governing any the Approved AR Loan Facility or any subordination provision in any Intercreditor Agreement or replacement agreement entered into in connection with any replacement Intercreditor AgreementApproved AR Loan Facility, shall cease to be in full force and effect, or any Loan Party shall contest in any manner the validity, binding nature or enforceability of any such provision.
Appears in 1 contract
Samples: Credit Agreement (SWK Holdings Corp)
Invalidity of Subordination Provisions. Any subordination provision in any document or instrument governing any Approved AR Loan Facility or any subordination provision in any Intercreditor Agreement or any replacement Intercreditor Agreement, intercreditor agreement shall cease to be in full force and effect, or any Loan Party shall contest in any manner the validity, binding nature or enforceability of any such provision.
Appears in 1 contract
