Common use of Impair Security Clause in Contracts

Impair Security. Permit the validity or effectiveness hereof or of the Lien Hereof to be impaired or permit the Lien Hereof to be amended, hypothecated, subordinated, terminated or discharged, or permit any Person to be released from any covenants or obligations under this Indenture, except as may be expressly permitted hereby;

Appears in 2 contracts

Samples: Trust Indenture (Royal Bank of Canada), Trust Indenture

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Impair Security. Permit the validity or effectiveness hereof or of the Lien Hereof Collateral to be impaired or permit the Lien Hereof security created by this Indenture to be amended, hypothecated, subordinated, terminated or discharged, or permit any Person to be released from any covenants or obligations under this Indenture, except as may be expressly permitted hereby;

Appears in 1 contract

Samples: Trust Indenture

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Impair Security. Permit the validity or effectiveness hereof or of the Lien Hereof Collateral to be impaired or permit the Lien Hereof security created by this Indenture to be amended, hypothecated, subordinated, terminated or discharged, or permit any Person to be released from any covenants or obligations under this Indenture, except as may be expressly permitted hereby;

Appears in 1 contract

Samples: Trust Indenture (PHH Corp)

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