Common use of Invalidity of this Agreement Clause in Contracts

Invalidity of this Agreement. Any provision of this Agreement or any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Borrower’s obligations hereunder or thereunder, ceases to be in full force and effect in any material respect; or the Borrower or any other Person contests in any manner the validity or enforceability of any provision of this Agreement or any Loan Document; or the Borrower denies that it has any or further liability or obligation under this Agreement or any Loan Document (provided, however, that if Borrower claims that such obligations have been paid, such claim shall not be considered a denial of liability), or purports to revoke, terminate or rescind any provision of this Agreement or any Loan Document.

Appears in 2 contracts

Sources: Loan and Security Agreement (Kewaunee Scientific Corp /De/), Loan and Security Agreement (Kewaunee Scientific Corp /De/)