Loan Document Unenforceable. Any of the Loan Documents ceases to be a legal, valid, and binding agreement enforceable against any Loan Party or is in any way terminated (except in accordance with its terms) or becomes or is declared ineffective or inoperative.
Appears in 7 contracts
Samples: Credit Agreement (South Dakota Soybean Processors LLC), Credit Agreement (Granite Falls Energy, LLC), Credit Agreement (Golden Grain Energy)
Loan Document Unenforceable. Any of the Loan Documents ceases shall cease to be a legal, valid, and binding agreement agreements enforceable against any the applicable Loan Party Parties or is shall in any way be terminated (except in accordance with its terms) or becomes become or is be declared ineffective or inoperativeinoperative or CoBank fails to have an enforceable first priority Lien (subject only to Permitted Liens) on or security interest in any Collateral given as security for any of the Obligations.
Appears in 1 contract
Loan Document Unenforceable. Any of the Loan Documents ceases shall cease to be a legal, valid, and binding agreement agreements enforceable against any Loan Party the Company or is shall in any way be terminated (except in accordance with its terms) or becomes become or is be declared ineffective or inoperativeinoperative or Agent, on behalf of the Lending Parties, fails to have an enforceable first priority Lien (subject only to Permitted Liens) on or security interest in any Collateral given as security for any of the Obligations.
Appears in 1 contract
Samples: Credit Agreement (Southwest Iowa Renewable Energy, LLC)
