Invalidity of Credit Documents. Any Credit Document shall fail to be in full force and effect in all material respects with respect to such Borrower or to give the Administrative Agent and/or the Lenders all material security interests, liens, rights, powers and privileges purported to be created thereby and relating to such Borrower.
Invalidity of Credit Documents. Any 1">material Credit Document shall 3">fail3">fail, for any reason other than the satisfaction in full of all Obligations or otherwise as permitted hereunder to be in full force and effect in all material respects 5">with5">or shall fail in any material respect7"> to such Borrower or to give the Administrative Agent and/or the Lenders 9">all material9">the security interests, liens, rights, 11">powers11">powers, priority and privileges purported to be created thereby 13">(except as such documents may be terminated or no longer in force and 15">relating to such Borrower.15">effect in accordance with the terms thereof, other than those indemnities and provisions which by their terms shall survive).
Invalidity of Credit Documents. Any Credit Document shall fail to be in full force and effect 1">in all material respects with respect to such Borrower or to give the Administrative Agent and/or the Lenders 3">all material3">the security interests, liens, rights, 5">powers5">powers, priority and privileges purported to be created thereby 7">(except as such documents may be terminated or no longer in force and 9">relating9">effect in accordance with the terms thereof, other than those indemnities and provisions which by their terms shall survive) or any Lien shall fail to 11">such Borrower.11">be a first priority, perfected Lien on a material portion of the Collateral; or
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