Common use of Impairment of Collateral Clause in Contracts

Impairment of Collateral. Subject to the rights of the holders of any senior Liens and to Section 10.10, the Issuer shall not, and shall not permit any of its Restricted Subsidiaries to (a) take, or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the results of materially impairing the security interests with respect to the Collateral for the benefit of the Trustee and the Holders, unless such action or failure to take action is otherwise permitted by the terms of this Indenture, the Intercreditor Agreement or the Notes Security Documents, or (b) grant any Person, or permit any Person to retain (other than the Applicable Collateral Agent (as defined in the Equal Priority Intercreditor Agreement)), any Liens on the Collateral, other than Permitted Liens. Each Issuer and each Guarantor will, at its sole cost and expense, execute and deliver all such agreements and instruments as necessary to more fully or accurately describe the assets and property intended to be Collateral or the obligations intended to be secured by the Notes Security Documents.

Impairment of Collateral. Subject to the rights of the holders of any senior Liens and to Section 10.1012.09, the Issuer Parent shall not, and shall not permit any of its the Restricted Subsidiaries to to, (ai) take, or knowingly or negligently omit fail to take, any action which action or omission failure would or could reasonably be expected to have the results of materially impairing the validity, perfection or priority of the security interests with respect to the Collateral for the benefit of the Notes Collateral Agent, the Trustee and the Holders, unless such action or failure to take action is otherwise permitted by the terms of this Indenture, the Intercreditor Agreement Agreement, if any, or the Notes Security Documents, Documents or (bii) grant any Person, or permit any Person to retain (other than the Applicable Collateral Agent (as defined in the Equal Priority Intercreditor Agreement)), any Liens on the Collateral, other than Permitted Liens. Each The Issuer and each Guarantor will, at its sole cost and expense, execute and deliver all such agreements and instruments as necessary necessary, or as the Trustee or the Notes Collateral Agent reasonably requests, to more fully or accurately describe the assets and property intended to be Collateral or the obligations intended to be secured by the Notes Security Documents.

Impairment of Collateral. Subject to the rights of the holders of any senior Liens and to Section 10.1012.09, the Issuer Parent shall not, and shall not permit any of its the Restricted Subsidiaries to to, (ai) take, or knowingly or negligently omit fail to take, any action which action or omission failure would or could reasonably be expected to have the results of materially impairing the validity, perfection or priority of the security interests with respect to the Collateral for the benefit of the First Lien Collateral Agent, the Trustee and the Holders, unless such action or failure to take action is otherwise permitted by the terms of this Indenture, the Intercreditor Agreement Agreement, if any, or the Notes Security Documents, Documents or (bii) grant any Person, or permit any Person to retain (other than the Applicable Collateral Agent (as defined in the Equal Priority Intercreditor Agreement)), any Liens on the Collateral, other than Permitted Liens. Each The Issuer and each Guarantor will, at its sole cost and expense, execute and deliver all such agreements and instruments as necessary necessary, or as the Trustee or the First Lien Collateral Agent reasonably requests, to more fully or accurately describe the assets and property intended to be Collateral or the obligations intended to be secured by the Notes Security Documents.

Impairment of Collateral. Subject to the rights of the holders of any senior Liens and to Section 10.1012.09, the Issuer Parent shall not, and shall not permit any of its the Restricted Subsidiaries to to, (ai) take, or knowingly or negligently omit fail to take, any action which action or omission failure would or could reasonably be expected to have the results of materially impairing the validity, perfection or priority of the security interests with respect to the Collateral for the benefit of the Second Lien Collateral Agent, the Trustee and the Holders, unless such action or failure to take action is otherwise permitted by the terms of this Indenture, the Intercreditor Agreement Agreement, if any, or the Notes Security Documents, Documents or (bii) grant any Person, or permit any Person to retain (other than the Applicable Collateral Agent (as defined in the Equal Priority Intercreditor Agreement)), any Liens on the Collateral, other than Permitted Liens. Each The Issuer and each Guarantor will, at its sole cost and expense, execute and deliver all such agreements and instruments as necessary necessary, or as the Trustee or the Second Lien Collateral Agent reasonably requests, to more fully or accurately describe the assets and property intended to be Collateral or the obligations intended to be secured by the Notes Security Documents.