Impairment of Position. If the Administrative Agent in its reasonable discretion determines that an event has occurred which impairs the prospect of payment of the Obligations and/or the value of the Facilities or the Collateral.
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Samples: Financing and Security Agreement (Sunrise Assisted Living Inc), Financing and Security Agreement (Sunrise Assisted Living Inc), Financing and Security Agreement (Sunrise Assisted Living Inc)
Impairment of Position. If the Administrative Agent in its reasonable discretion determines that an event has occurred which impairs the prospect of payment of the Obligations and/or the value of the Facilities or the Collateral.. 77
Appears in 1 contract
Samples: Financing and Security Agreement (Sunrise Assisted Living Inc)
Impairment of Position. If the The Administrative Agent Agent, in its reasonable discretion sole discretion, determines in good faith that an event has occurred which impairs the prospect of payment of the Obligations and/or the value any of the Facilities or the CollateralObligations.
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