Common use of Impairment of Security Interest Clause in Contracts

Impairment of Security Interest. Subject to the rights of the holders of Permitted Liens, Holdings shall not, and shall not permit any of its Restricted Subsidiaries to, take or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Trustee and the Holders, subject to limited exceptions. Holdings shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Security Documents in any way that would be adverse to the Holders in any material respect, except as permitted under Articles 9 or 11 hereof or the Intercreditor Agreement.

Impairment of Security Interest. Subject to the rights of the holders of Permitted Liens, Holdings shall the Issuer will not, and shall will not permit any of its Restricted Subsidiaries to, take or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Trustee and the HoldersNoteholder Secured Parties, subject to limited exceptions. Holdings The Issuer shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Security Documents in any way that would be adverse to the Holders of the Notes in any material respect, except as permitted under by Articles 9 Nine or 11 hereof Ten, the Security Documents or the Intercreditor Agreement.

Impairment of Security Interest. Subject to the rights of the holders of Permitted Liens, Holdings the Company shall not, and shall not permit any of its Restricted Subsidiaries to, take or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Trustee and the HoldersSecured Parties, subject to limited exceptions. Holdings The Company shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Security Documents in any way that would be adverse to the Holders of the Notes in any material respect, except as permitted under Articles 9 by Article Nine or 11 hereof Fourteen, the Security Documents or the Intercreditor Agreement.

Impairment of Security Interest. Subject to the rights of the holders of Permitted Liens, Holdings shall the Company will not, and shall will not permit any of its Restricted Subsidiaries to, take or knowingly or negligently omit to take, take any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Trustee and the HoldersNoteholder Secured Parties, subject to limited exceptions. Holdings The Company shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Security Collateral Documents in any way that would be adverse to the Holders of the Securities in any material respect, except as permitted under by Articles 9 IX or 11 hereof XI, the Collateral Documents or the Intercreditor Agreement.

Impairment of Security Interest. Subject to the rights of the holders of Permitted Liens, Holdings shall the Company will not, and shall will not permit any of its Restricted Subsidiaries to, take or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Trustee and the HoldersSecured Parties, subject to limited exceptions. Holdings The Company shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Security Documents in any way that would be adverse to the Holders of the Notes in any material respect, except as permitted under Articles 9 or described in Article 11 hereof or the Intercreditor Agreementas permitted in Article 9 hereof.

Impairment of Security Interest. Subject to the rights of the holders of Permitted Liens, Holdings shall the Company will not, and shall will not permit any of its Restricted Subsidiaries to, take or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Trustee and the HoldersNoteholder Secured Parties, subject to limited exceptions. Holdings The Company shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Security Documents in any way that would be adverse to the Holders of the Notes in any material respect, except as permitted under Articles 9 by Article Nine or 11 hereof Fourteen, the Security Documents or the Intercreditor Agreement.

Impairment of Security Interest. Subject to the rights of the holders of Permitted Liens, Holdings the Co-Issuers shall not, and shall not permit any of its the Restricted Subsidiaries to, take or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Trustee and the HoldersNotes Secured Parties, subject to limited exceptions. Holdings The Co-Issuers shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Security Documents in any way that would be adverse to the Holders in any material respect, except as permitted under Articles by Article 9 or 11 hereof 12 hereof, the Security Documents or the Intercreditor Agreement.

Impairment of Security Interest. Subject to the rights of the holders of Permitted Liens and Permitted Collateral Liens, Holdings the Company shall not, and shall not permit any of its Restricted Subsidiaries to, take or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Trustee and the Holders, subject to limited exceptions. Holdings The Company shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Security Documents in any way that would be adverse to the Holders in any material respect, except as permitted under Articles 9 or 11 hereof or the Intercreditor Agreement.

Impairment of Security Interest. Subject to the rights of the holders of Permitted Liens, Holdings shall not, and shall not permit any of its Restricted Subsidiaries to, take or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Trustee and the Holders, subject to limited exceptions. Holdings shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Security Documents in any way that would be adverse to the Holders in any material respect, except as permitted under Articles 9 or 11 hereof or the New Intercreditor Agreement or the Existing Intercreditor Agreement.