Revocation of Loan Documents. (i) Any Loan Party shall challenge or repudiate in writing (A) any Loan Document to which it is a party (or that it has no liability under such Loan Documents to which it is a party) or (B) in the case of clause (i), the validity or perfection of any Lien on any Collateral purported to be covered by the Loan Documents (other than with respect to satisfaction in full of the Obligations and releases of such Liens in accordance with the terms of the Loan Documents, to the extent such loss of perfection results from an act or omission of the Administrative Agent or such loss of perfection may be remedied by the filing of appropriate documentation without the loss of priority (other than non-consensual Customary Permitted Encumbrances)), or (ii) any Loan Document shall cease to be in full force and effect or shall be deemed null and void (other than with respect to satisfaction in full of the Obligations and releases of such Liens in accordance with the terms of the Loan Documents, to the extent such loss of perfection results from an act or omission of the Administrative Agent or such loss of perfection may be remedied by the filing of appropriate documentation without the loss of priority (other than non-consensual Customary Permitted Encumbrances)).
Appears in 3 contracts
Sources: Credit Agreement (General Growth Properties, Inc.), Credit Agreement (General Growth Properties, Inc.), Credit Agreement (General Growth Properties, Inc.)