Common use of IMPAIRMENT AGREEMENTS Clause in Contracts

IMPAIRMENT AGREEMENTS. No Borrower shall, nor shall it permit any of its Subsidiaries to, enter into or assume any agreement, instrument, indenture or other obligation (other than the Financing Agreements) which (i) contains a negative pledge provision which would require a sharing of any interest in the Collateral, (ii) prohibits or limits the creation or assumption of any Lien upon its Property, whether now owned or hereafter acquired, or (iii) restricts, prohibits or requires the consent of any Person with respect to the payment of Restricted Payments.

IMPAIRMENT AGREEMENTS. No The Borrower shallshall not, nor shall it permit any of its Subsidiaries to, enter into or assume any agreement, instrument, indenture or other obligation (other than the Financing Agreements) which (i) contains a negative pledge provision which would require a sharing of any interest in the Collateral, (ii) prohibits or limits the creation or assumption of any Lien upon its Property, whether now owned or hereafter acquired, or (iii) restricts, prohibits or requires the consent of any Person with respect to the payment of Restricted Payments.. 8.19