Challenge to Agreements Sample Clauses
The Challenge to Agreements clause establishes the process and grounds by which a party may contest the validity or enforceability of an agreement. Typically, this clause outlines the specific procedures for raising a challenge, such as requiring written notice and specifying the timeframe within which objections must be made. It may also detail the types of issues that can be challenged, such as fraud, misrepresentation, or lack of authority. The core function of this clause is to provide a clear and orderly mechanism for resolving disputes over the legitimacy of an agreement, thereby reducing uncertainty and potential litigation.
Challenge to Agreements. Any Borrower shall challenge the validity and binding effect of any provision of any of the Financing Documents or shall state its intention to make such a challenge of any of the Financing Documents or any of the Financing Documents shall for any reason (except to the extent permitted by its express terms) cease to be effective or to create a valid and perfected first priority Lien (except for Permitted Liens) on, or security interest in, any of the Collateral purported to be covered thereby.
Challenge to Agreements. If any Borrower or any Guarantor shall challenge the validity and binding effect of any provision of any of the Loan Documents or shall state its intention to make such a challenge of any of the Loan Documents or any of the Security Documents shall for any reason (except to the extent permitted by its express terms) cease to be perfected or lose the priority of the Lien granted thereunder or cease to be effective.
Challenge to Agreements. Any Borrower or Guarantor shall challenge the validity and binding effect of any provision of any of the Financing Documents or shall state its intention to make such a challenge of any of the Financing Documents or any of the Financing Documents shall for any reason (except to the extent permitted by its express terms) cease to be effective or to create a valid and perfected first priority Lien (except for Permitted Liens) on, or security interest in, any of the Collateral purported to be covered thereby.
Challenge to Agreements. The Borrower or any Guarantor shall challenge the validity and binding effect of any provision of any of the Financing Documents or any of the Financing Documents shall for any reason (except to the extent permitted by its express terms) cease to be effective or to create a valid and perfected first priority Lien (except for Permitted Liens, certain of which Permitted Liens, to the extent expressly permitted by the provisions of this Agreement, may constitute superior and prior Liens) on, or security interest in, any of the Collateral purported to be covered thereby, unless due to the gross negligence or willful misconduct of the Agent.
Challenge to Agreements. The Borrower, ▇▇▇▇▇ UK, NIM Holdings or any Guarantor shall challenge the validity and binding effect of any provision of any of the Financing Documents or any of the Financing Documents shall for any reason (except to the extent permitted by its express terms) cease to be effective or to create a valid and perfected second priority Lien (except for Permitted Liens, certain of which Permitted Liens, to the extent expressly permitted by the provisions of this Agreement, may constitute superior and prior Liens) on, or security interest in, any of the Collateral purported to be covered thereby, unless due to the gross negligence or willful misconduct of the Collateral Agent or the Agent.
Challenge to Agreements. Material Adverse Effect Change.
Challenge to Agreements. The Borrower shall challenge the validity and binding effect of any provision of any of the Financing Documents or shall state its intention to make such a challenge of any of the Financing Documents or any of the Financing Documents shall for any reason (except to the extent permitted by its express terms) cease to be effective. 36 FY'00 Financing Agreement.doc February 18,20007:59 AM
Challenge to Agreements. 33 6.1.10 Material Adverse Change. 33 6.1.11 Impairment of Position. 33
Challenge to Agreements. Any material provision of this Agreement or any of the other Loan Document shall at any time for any reason cease to be valid and binding in accordance with its terms on the Borrower or shall be declared to be null and void, or the validity or enforceability hereof or thereof shall be contested by the Borrower, or a proceeding shall be commenced by the Borrower seeking to establish the invalidity or unenforceability hereof or of any of the other Loan Document, or the Borrower shall deny that it has any further liability or obligation under this Agreement or any of the other Loan Documents. ATAX Loan Agreement #4850-3191-8595|NB2-002620|
Challenge to Agreements. 69 7.1.13 Material Adverse Change....................................69 7.1.14 Change in Control..........................................69 7.1.15 Liquidation, Termination, Dissolution, etc.................69 7.1.16 Criminal Proceedings.......................................69 7.1.17 Guaranty Agreement; Collateral Assignment of Life Insurance..........................................69 7.1.18 Required Availability......................................70 Section 7.2 Remedies...................................................70 7.2.1 Acceleration................................................70 7.2.2