Ranking of security. Any Security created by a Finance Document proves to have been or becomes invalid or unenforceable or such Security proves to have ranked after, or loses its priority to, other Security.
Appears in 4 contracts
Sources: Subordinated Facility Agreement (Diana Shipping Inc.), Facility Agreement (Diana Containerships Inc.), Subordinated Facility Agreement (Diana Containerships Inc.)
Ranking of security. Any Security Interest created by a Finance Document proves to have been or becomes invalid or unenforceable or such Security Interest proves to have ranked after, or loses its priority to, any other SecuritySecurity Interest.
Appears in 1 contract
Sources: Facility Agreement (SAVVIS, Inc.)