Any provision of this Agreement or any provision of any other Loan Document shall for any reason cease to be valid and binding on any Loan Party party thereto or any Loan Party shall so state in writing, or any Loan Document shall for any reason cease to create a valid and perfected first priority Lien (subject to Permitted Liens) on, or security interest in, any of the Collateral purported to be covered thereby, in each case other than in accordance with the express terms hereof or thereof.
failure of agreements