Common use of Actions Impairing Quality of Title Clause in Contracts

Actions Impairing Quality of Title. Take any action that could cause any Pool Receivable not to be owned by it free and clear of any Adverse Claim (other than a Permitted Adverse Claim); or take any action that could cause Administrative Agent not to have a valid and perfected ownership or first priority perfected security interest in the Support Assets and each Lock-Box Account of the applicable Seller at a Lock-Box Bank, all amounts on deposit therein and all products and proceeds of the foregoing, free and clear of any Adverse Claim (other than a Permitted Adverse Claim); or suffer the existence of any financing statement or other instrument similar in effect covering any Pool Receivable on file in any recording office except such as may be filed in favor of or assigned to the Administrative Agent in accordance with this Agreement or any Transaction Document.

Actions Impairing Quality of Title. Take any action that could cause any Pool Receivable not to be owned by it free and clear of any Adverse Claim (other than a Permitted 73 Adverse Claim); or take any action that could cause Administrative Agent not to have a valid and perfected ownership or first priority perfected security interest in the Support Assets and each Lock-Box Account of the applicable Seller at a Lock-Box Bank, all amounts on deposit therein and all products and proceeds of the foregoing, free and clear of any Adverse Claim (other than a Permitted Adverse Claim); or suffer the existence of any financing statement or other instrument similar in effect covering any Pool Receivable on file in any recording office except such as may be filed in favor of or assigned to the Administrative Agent in accordance with this Agreement or any Transaction Document.

Actions Impairing Quality of Title. Take any action that could cause any Pool Receivable not to be owned by it free and clear of any Adverse Claim (other than a Permitted Adverse Claim); or take any action that could cause Administrative Agent not to have a valid and perfected ownership or first priority perfected security interest in the Support Assets and each Lock-Box Account of the applicable Seller at a Lock-Box Bank, all amounts on deposit therein and all products and proceeds of the foregoing, free and clear of any Adverse Claim (other than a Permitted Adverse Claim); or suffer the existence of any financing statement or other instrument similar in effect covering any Pool Receivable on file in any recording office except such as may be filed in favor of or assigned to the Administrative Agent in accordance with this Agreement or any Transaction Document.