Collateral Impairment. (a) A notice of Lien (other than a Permitted Encumbrance), levy, assessment, injunction or attachment is issued against any of the Collateral which is not stayed or lifted within forty (40) days; (b) there shall occur with respect to the Collateral any material loss, theft, or damage not adequately covered by insurance; or (c) a material portion of the Collateral shall be seized or taken by a governmental body.
Appears in 4 contracts
Samples: And Security Agreement (Air Methods Corp), And Security Agreement (Air Methods Corp), And Security Agreement (Air Methods Corp)
