Common use of Impairment of Security Interest Clause in Contracts

Impairment of Security Interest. Neither the Issuers nor any of their Subsidiaries shall take or omit to take any action which would adversely affect or impair the Liens in favor of the Collateral Agent, the Trustee and the Holders with respect to the Collateral. Neither the Issuers nor any of their Subsidiaries shall grant to any Person, or permit any Person to retain (other than the Collateral Agent or the Trustee), any interest whatsoever in the Collateral, other than Permitted Liens. Neither the Issuers nor any of their Subsidiaries shall enter into any agreement that requires the proceeds received from any sale of Collateral to be applied to repay, redeem, defease or otherwise acquire or retire any Indebtedness of any Person, other than as permitted by this Indenture, the Securities, the Security Documents, the Intercreditor Agreement and the Second Lien Intercreditor Agreement. The Issuers shall, and shall cause each Guarantor to, at their 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 Security Documents.

Impairment of Security Interest. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall take or omit to take any action which would materially adversely affect or impair the Liens in favor of the Collateral Agent, the Trustee Agent and the Holders with respect to the Collateral. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall grant to any Person, or permit any Person to retain (other than the Collateral Agent or the TrusteeAgent), any interest whatsoever in the Collateral, other than Permitted Liens. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall enter into any agreement that requires the proceeds received from any sale of Collateral to be applied to repay, redeem, defease or otherwise acquire or retire any Indebtedness of any Person, other than as permitted by this Indenture, the Securities, the Security DocumentsSubsidiary Guarantees, the Intercreditor Agreement Collateral Documents and the Second Lien Intercreditor Agreement. The Issuers Company shall, and shall cause each Subsidiary Guarantor to, at their its sole cost and expense, execute and deliver all such agreements and instruments as necessary necessary, or as the Trustee 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 Security Collateral Documents.

Impairment of Security Interest. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall take or omit to take any action which would materially adversely affect or impair the Liens in favor of the Collateral Agent, the Trustee Agent and the Holders of the Securities with respect to the Collateral. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall grant to any Person, or permit any Person to retain (other than the Collateral Agent or the TrusteeAgent), any interest whatsoever in the Collateral, other than Permitted Liens. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall enter into any agreement that requires the proceeds received from any sale of Collateral to be applied to repay, redeem, defease or otherwise acquire or retire any Indebtedness of any Person, other than as permitted by this Indenture, the Securities, the Security DocumentsSubsidiary Guarantees, the Intercreditor Agreement Collateral Documents and the Second Lien Intercreditor Agreement. The Issuers Company shall, and shall cause each Subsidiary Guarantor to, at their its sole cost and expense, execute and deliver all such agreements and instruments as necessary necessary, or as the Trustee shall reasonably request, to more fully or accurately describe the assets and property intended to be Collateral or the obligations intended to be secured by the Security Collateral Documents.

Impairment of Security Interest. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall take or omit to take any action which would materially adversely affect or impair the Liens in favor of the Collateral Agent, the Trustee Agent and the Holders with respect to the Collateral. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall grant to any Person, or permit any Person to retain (other than the Collateral Agent or the TrusteeAgent), any interest whatsoever in the Collateral, other than Permitted Liens. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall enter into any agreement that requires the proceeds received from any sale of Collateral to be applied to repay, redeem, defease or otherwise acquire or retire any Indebtedness of any Person, other than as permitted by this Indenture, the Securities, the Security DocumentsSubsidiary Guarantees, the Intercreditor Agreement Collateral Documents and the Second Lien Intercreditor Agreement. The Issuers Company shall, and shall cause each Subsidiary Guarantor to, at their its sole cost and expense, execute and deliver all such agreements and instruments as necessary necessary, or as the Trustee or 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 Security Collateral Documents.

Impairment of Security Interest. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall take or omit to take any action which would materially adversely affect or impair the Liens in favor of the Collateral Agent, the Trustee and the Holders with respect to the Collateral. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall grant to any Person, or permit any Person to retain (other than the Collateral Agent or the Trustee), any interest whatsoever in the Collateral, other than Permitted LiensLiens (including Liens securing the Revolving Credit Facility). Neither the Issuers Company nor any of their its Restricted Subsidiaries shall enter into any agreement that requires the proceeds received from any sale of Collateral to be applied to repay, redeem, defease or otherwise acquire or retire any Indebtedness of any Person, other than as permitted by this Indenture, the Securities, the Security Documents, the Intercreditor Agreement Securities and the Second Lien Intercreditor AgreementCollateral Documents. The Issuers Company shall, and shall cause each Subsidiary Guarantor to, at their its sole cost and expense, execute and deliver all such agreements and instruments as necessary necessary, or as the Trustee or the Collateral Agent shall reasonably request, to more fully or accurately describe the assets and property intended to be Collateral or the obligations intended to be secured by the Security Collateral Documents.

Impairment of Security Interest. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall will take or omit to take any action which would materially adversely affect or impair the Liens in favor of the Collateral Agent, the Trustee Agent and the Holders with respect to the Collateral. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall grant to any Person, or permit any Person to retain (other than the Collateral Agent or the Trusteecollateral agent under the ABL Credit Facility), any interest whatsoever in the Collateral, other than Permitted Liens. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall will enter into any agreement that requires the proceeds received from any sale of Collateral to be applied to repay, redeem, defease or otherwise acquire or retire any Indebtedness of any Person, other than as permitted by this Indenture, the SecuritiesNotes, the Security DocumentsNote Guarantees, the Intercreditor Agreement Collateral Documents and the Second Lien Intercreditor Agreement. The Issuers Company shall, and shall cause each Guarantor to, at their its sole cost and expense, execute and deliver all such agreements and instruments as necessary necessary, or as the Trustee or the 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 Security Collateral Documents.

Impairment of Security Interest. Neither the Issuers Company nor any of their Subsidiaries Subsidiary Guarantors shall take or omit to take any action which would materially adversely affect or impair the Note Liens in favor of the Collateral Agent, the Trustee and the Holders with respect to the Collateral. Neither the Issuers Company nor any of their Subsidiaries Subsidiary Guarantors shall grant to any Person, or permit any Person to retain (other than the Collateral Agent or the Trustee), any interest whatsoever in the Collateral, other than the Permitted Liens. Neither the Issuers Company nor any of their Subsidiaries Subsidiary Guarantors shall enter into any agreement that requires the proceeds received from any sale of Collateral to be applied to repay, redeem, defease or otherwise acquire or retire any Indebtedness of any Person, other than as permitted by this Indenture, the SecuritiesNotes, the Note Guarantees and the Security Documents, the Intercreditor Agreement and the Second Lien Intercreditor Agreement. The Issuers Company shall, and shall cause each Subsidiary Guarantor to, at their its sole cost and expense, execute and deliver all such agreements and instruments as necessary or as the Collateral Trustee or Trustee shall reasonably request to more fully or accurately describe the assets and property intended to be Collateral or the obligations intended to be secured by the Security Documents.

Impairment of Security Interest. Neither the Issuers Issuer nor any of their Subsidiaries the Guarantors shall take take, or knowingly or negligently omit to take take, any action which might or would adversely affect have the result of materially impairing the security interests or impair the Liens in favor of the Collateral Agent, Agent for the benefit of the Trustee and the Holders with respect to the Collateral. Neither the Issuers Issuer nor any of their Subsidiaries the Guarantors shall grant to any Person, or permit any Person to retain (other than the Collateral Agent or the TrusteeAgent), any interest whatsoever in the Collateral, other than Permitted Liens. Neither the Issuers Issuer nor any of their Subsidiaries the Guarantors shall enter into any agreement that requires the proceeds received from any sale of Collateral to be applied to repay, redeem, defease or otherwise acquire or retire any Indebtedness of any Person, other than as permitted by this Indenture, the Securities, the Guarantees and the Security Documents, the Intercreditor Agreement and the Second Lien Intercreditor Agreement. The Issuers Issuer shall, and shall cause each Guarantor to, at their its sole cost and expense, execute and deliver all such agreements and instruments as necessary necessary, or as the Trustee 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 Security Documents.

Impairment of Security Interest. Neither the Issuers Issuer nor any of their its Restricted Subsidiaries shall take or omit to take any action which would materially adversely affect or impair the Liens in favor of the Collateral Agent, the Trustee Agent and the Holders of the Notes with respect to the Collateral. Neither the Issuers Issuer nor any of their its Restricted Subsidiaries shall grant to any Person, or permit any Person to retain (other than the Administrative Agent and the Collateral Agent or the TrusteeAgent), any interest whatsoever in the Collateral, other than Permitted Liens. Neither the Issuers Issuer nor any of their its Restricted Subsidiaries shall enter into any agreement that requires the proceeds received from any sale of Collateral to be applied to repay, redeem, defease or otherwise acquire or retire any Indebtedness of any Person, other than as permitted by Person in a manner that conflicts with this Indenture, the SecuritiesNotes, the Security Note Guarantees, the Collateral Documents, the Intercreditor Agreement and the Second Lien Intercreditor Agreement. The Issuers Issuer shall, and shall cause each Guarantor to, at their its sole cost and expense, execute and deliver all such agreements and instruments as necessary necessary, or as the Trustee or the Collateral Agent shall reasonably request, to more fully or accurately describe the assets and property intended to be Collateral or the obligations intended to be secured by the Security Collateral Documents.

Impairment of Security Interest. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall take or omit to take any action which would materially adversely affect or impair the Liens in favor of the Collateral Agent, the Trustee Agent and the Holders with respect to the Collateral. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall grant to any Person, or permit any Person to retain (other than the Collateral Agent or the TrusteeAgent), any interest whatsoever in the Collateral, other than Permitted Liens. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall enter into any agreement that requires the proceeds received from any sale of Collateral to be applied to repay, redeem, defease or otherwise acquire or retire any Indebtedness of any Person, other than as permitted by this Indenture, the Securities, the Security DocumentsSubsidiary Guarantees, the Intercreditor Agreement Collateral Documents and the Second Lien Intercreditor AgreementAgreements. The Issuers Company shall, and shall cause each Subsidiary Guarantor to, at their its sole cost and expense, execute and deliver all such agreements and instruments as necessary necessary, or as the Trustee 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 Security Collateral Documents.

Impairment of Security Interest. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall take or omit to take any action which would materially adversely affect or impair the Liens in favor of the Collateral Agent, the Trustee Agent and the Holders of the Securities with respect to the Collateral. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall grant to any Person, or permit any Person to retain (other than the Collateral Agent or the TrusteeAgent), any interest whatsoever in the Collateral, other than Permitted Liens. Neither the Issuers Company nor any of their its Restricted Subsidiaries shall enter into any agreement that requires the proceeds received from any sale of Collateral to be applied to repay, redeem, defease or otherwise acquire or retire any Indebtedness of any Person, other than as permitted by this Indenture, the Securities, the Security DocumentsSubsidiary Guarantees, the Intercreditor Agreement Collateral Documents and the Second Lien Intercreditor Agreement. The Issuers Company shall, and shall cause each Subsidiary Guarantor to, at their its sole cost and expense, execute and deliver all such agreements and instruments as necessary or as the Trustee shall reasonably request to more fully or accurately describe the assets and property intended to be Collateral or the obligations intended to be secured by the Security Collateral Documents.