Common use of No Contest Clause in Contracts

No Contest. Each Junior Creditor agrees that it will not at any time contest the validity, perfection, priority or enforceability of the Senior Debt, the Senior Debt Documents or the Senior Creditor Liens.

Appears in 2 contracts

Sources: Subordination and Intercreditor Agreement (Lubys Inc), Credit Agreement (Lubys Inc)

No Contest. Each The Junior Creditor agrees Creditors agree that it they will not at any time contest the validity, perfection, priority or enforceability of the Senior Debt, Debt or the Senior Facility Agreements or the rights of the holders of the Senior Debt Documents or in the Senior Creditor LiensCollateral hereunder.

Appears in 2 contracts

Sources: Master Collateral and Intercreditor Agreement (Americredit Financial Services Inc), Master Collateral and Intercreditor Agreement (Americredit Corp)

No Contest. Each of the Junior Creditor Creditors agrees that it will not at any time contest the validity, perfection, priority or enforceability of the Senior Debt, the Senior Debt Documents Documents, or the liens and security interests of the Agent and any of the Senior Creditor LiensCreditors in any Collateral.

Appears in 1 contract

Sources: Subordination Agreement (Evolving Systems Inc)

No Contest. Each Junior Creditor agrees that it will not at any time contest the validity, perfection, priority or enforceability of the Senior Debt, the Senior Debt Documents or the Senior Creditor Liens.

Appears in 1 contract

Sources: Subordination Agreement (Lapolla Industries Inc)

No Contest. Each Junior Creditor agrees that it will not at any time contest the validity, perfection, priority or enforceability of the Senior Debt, the Senior Debt Documents or the Senior Creditor Liens.

Appears in 1 contract

Sources: Subordination and Intercreditor Agreement (Equifin Inc)

No Contest. Each of the Junior Creditor Creditors agrees that it will not at any time contest the validity, perfection, priority or enforceability of the Senior Debt, the Senior Debt Documents Documents, or the liens and security interests of the Senior Creditor Liensin any Collateral.

Appears in 1 contract

Sources: Subordination Agreement (Evolving Systems Inc)