Common use of Impairment of Security Interests Clause in Contracts

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 and asset sales permitted under Section 11.5.

Appears in 11 contracts

Samples: Credit Agreement (Geo Group Inc), Credit Agreement (Geo Group Inc), Credit Agreement (DRS Technologies Inc)

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Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent or the U.S. Administrative Agent, in each case, for the benefit of itself and the Lenders Secured Parties, pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Permitted Liens and Asset Dispositions permitted under Section 11.2 and asset sales permitted under Section 11.510.5.

Appears in 6 contracts

Samples: Credit Agreement (Bowater Inc), Credit Agreement (Bowater Inc), Credit Agreement (AbitibiBowater Inc.)

Impairment of Security Interests. Take or omit to take any action, which might or action that would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 and asset sales permitted under Section 11.5.

Appears in 5 contracts

Samples: Credit Agreement (CoreCivic, Inc.), Credit Agreement (CoreCivic, Inc.), Term Loan Credit Agreement (CoreCivic, Inc.)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders Secured Parties pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Permitted Liens and Asset Dispositions permitted under Section 11.2 and asset sales permitted under Section 11.510.5.

Appears in 4 contracts

Samples: Credit Agreement (Bowater Inc), Credit Agreement (AbitibiBowater Inc.), Credit Agreement (Bowater Inc)

Impairment of Security Interests. Take or omit to take any action, which might or action that would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 and asset sales permitted under Section 11.5connection with a Collateral Release Event).

Appears in 4 contracts

Samples: Credit Agreement (CoreCivic, Inc.), Incremental Term Loan Agreement (Corrections Corp of America), Credit Agreement (Corrections Corp of America)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders Secured Parties pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Permitted Liens permitted under Section 11.2 and asset sales permitted under Section 11.5.

Appears in 3 contracts

Samples: Credit Agreement (Digital Generation Systems Inc), Credit Agreement (PAS, Inc.), Credit Agreement (Digital Generation Systems Inc)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Permitted Liens permitted under Section 11.2 and asset sales permitted under Section 11.59.5 or as provided in the Intercreditor Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Broadview Networks Holdings Inc), Credit Agreement (Broadview Networks Holdings Inc), Credit Agreement (Broadview Networks Holdings Inc)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent Agent, for the benefit of itself and the Lenders other Secured Parties, pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Permitted Liens and asset dispositions permitted under Section 11.2 and asset sales permitted under Section 11.510.5.

Appears in 3 contracts

Samples: Credit Agreement (Lmi Aerospace Inc), Credit Agreement (Lmi Aerospace Inc), Credit Agreement (Lmi Aerospace Inc)

Impairment of Security Interests. Take or omit to take any action, action which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 and asset sales permitted under Section 11.5.

Appears in 3 contracts

Samples: Credit Agreement (O Charleys Inc), Credit Agreement (O Charleys Inc), Credit Agreement (O Charleys Inc)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent for the ratable benefit of itself and the Lenders with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 and asset sales permitted under Section 11.5.

Appears in 3 contracts

Samples: Credit Agreement (DRS Technologies Inc), Credit Agreement (DRS Technologies Inc), Credit Agreement (DRS Technologies Inc)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Collateral Agent with respect to the Collateral or grant to any Person (other than the Administrative Collateral Agent for the benefit of itself and the Lenders Secured Parties pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Permitted Liens and asset transfers permitted under Section 11.2 and asset sales permitted under Section 11.510.5.

Appears in 2 contracts

Samples: Credit Agreement (Ikon Office Solutions Inc), Credit Agreement (Ikon Office Solutions Inc)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 10.2 and asset sales permitted under Section 11.510.5.

Appears in 2 contracts

Samples: Credit Agreement (Knology Inc), Credit Agreement (Compx International Inc)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 SECTION 8.01 and asset sales Dispositions permitted under Section 11.5SECTION 8.05.

Appears in 2 contracts

Samples: Credit Agreement (Digitalnet Holdings Inc), Credit Agreement (Texas Roadhouse, Inc.)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Permitted Liens permitted under Section 11.2 and asset sales permitted under Section 11.510.5.

Appears in 2 contracts

Samples: Credit Agreement (Tuesday Morning Corp/De), Credit Agreement (Tuesday Morning Corp/De)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security DocumentsPledge Agreement) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 10.2 and asset sales permitted under Section 11.510.6.

Appears in 2 contracts

Samples: Credit Agreement (Rare Hospitality International Inc), Credit Agreement (Rare Hospitality International Inc)

Impairment of Security Interests. Take or omit to take any action, action which might or would have the result of materially impairing the security interests in favor of the Administrative Agent or Collateral Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent or Collateral Agent for the benefit of itself and the Lenders other Secured Parties pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Permitted Liens permitted under Section 11.2 and asset sales permitted under Section 11.55.02(e).

Appears in 2 contracts

Samples: First Lien Credit Agreement (Landrys Restaurants Inc), Second Lien Credit Agreement (Landrys Restaurants Inc)

Impairment of Security Interests. Take or omit to take any action, which might or would could have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders Secured Parties pursuant to the Security Documents) any ownership or security interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 and asset sales disposition permitted under Section 11.5.

Appears in 2 contracts

Samples: Credit Agreement (Jack in the Box Inc /New/), Credit Agreement (Jack in the Box Inc /New/)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests Liens in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 and asset sales permitted under Section 11.5.

Appears in 2 contracts

Samples: Credit Agreement (Hickory Tech Corp), Credit Agreement (Hickory Tech Corp)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Permitted Liens permitted under Section 11.2 and asset sales Asset Dispositions permitted under Section 11.5.

Appears in 2 contracts

Samples: Credit Agreement (Tekelec), Credit Agreement (Globalstar, Inc.)

Impairment of Security Interests. Take or omit to take any action, which might or would could have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any ownership or security interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 and asset sales permitted under Section 11.5.

Appears in 2 contracts

Samples: Credit Agreement (Jack in the Box Inc /New/), Credit Agreement (Jack in the Box Inc /New/)

Impairment of Security Interests. Take or omit to take any action, which action or omission might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 11.3 and asset sales permitted under Section 11.511.6.

Appears in 2 contracts

Samples: Credit Agreement (Global Imaging Systems Inc), Credit Agreement (Global Imaging Systems Inc)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Permitted Liens permitted under Section 11.2 and asset sales permitted under Section 11.510.5 or as provided in the Intercreditor Agreement.

Appears in 1 contract

Samples: Credit Agreement (Broadview Networks Holdings Inc)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 10.2 and asset sales permitted under Section 11.510.5.

Appears in 1 contract

Samples: Credit Agreement (Radyne Corp)

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Impairment of Security Interests. Take or omit to take any action, which might or would could have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders Secured Parties pursuant to the Security Documents) any ownership or security interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 and asset sales permitted under Section 11.5.

Appears in 1 contract

Samples: Credit Agreement (Jack in the Box Inc /New/)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens Indebtedness permitted under Section 11.2 11.1, Permitted Liens and asset sales Asset Dispositions permitted under Section 11.5.

Appears in 1 contract

Samples: Credit Agreement (Globalstar, Inc.)

Impairment of Security Interests. Take or omit to take any -------------------------------- action, which action or omission might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 11.3 and asset sales permitted under Section 11.511.6.

Appears in 1 contract

Samples: Credit Agreement (Global Imaging Systems Inc)

Impairment of Security Interests. (a) Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 and asset sales permitted under Section 11.5, or (b) permit any Person other than the Borrower to own any capital stock of WIH.

Appears in 1 contract

Samples: Credit Agreement (Wackenhut Corrections Corp)

Impairment of Security Interests. Take or omit to take any action, which might reasonably be expected or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Permitted Liens permitted under Section 11.2 and asset sales Asset Dispositions permitted under Section 11.5.. 76

Appears in 1 contract

Samples: Credit Agreement (Cross Country Healthcare Inc)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Permitted Liens and asset dispositions permitted under Section 11.2 and asset sales permitted under Section 11.510.5.

Appears in 1 contract

Samples: Credit Agreement (Blackbaud Inc)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 SECTION 8.01 and asset sales Dispositions permitted under Section 11.5.SECTION 8.05. 90

Appears in 1 contract

Samples: Credit Agreement (Digitalnet Holdings Inc)

Impairment of Security Interests. Take or omit to take any action, which might or would could have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders Secured Parties pursuant to the Security Documents) any ownership or security interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 and asset sales dispositiondispositions permitted under Section 11.5.

Appears in 1 contract

Samples: Credit Agreement (Jack in the Box Inc /New/)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 8.01 and asset sales Dispositions permitted under Section 11.58.05.

Appears in 1 contract

Samples: Credit Agreement (Blue Rhino Corp)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders Secured Parties pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Permitted Liens permitted under Section 11.2 and asset sales permitted under Section 11.510.5.

Appears in 1 contract

Samples: Credit Agreement (Restaurant Co of Minnesota)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders Secured Parties pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Permitted Liens permitted under Section 11.2 and asset sales permitted under Section SECTION 11.5.

Appears in 1 contract

Samples: Credit Agreement (Restaurant Co)

Impairment of Security Interests. Take or omit to take any action, which might could reasonably be expected to materially impair, or would have the result of materially impairing impairing, the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Permitted Liens permitted under Section 11.2 and asset sales Asset Dispositions permitted under Section 11.5.

Appears in 1 contract

Samples: Credit Agreement (Cross Country Healthcare Inc)

Impairment of Security Interests. Take or omit to take any action, action which might action or would have omission could reasonably be expected to impair the result attachment or perfection of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Collateral Documents) any interest whatsoever in the Collateral, Collateral (except for Liens in connection with a permitted under Section 11.2 and asset sales permitted under Section 11.5Disposition).

Appears in 1 contract

Samples: Credit Agreement (Polymedica Corp)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests in favor of the Administrative Agent with respect to the Collateral or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 7.01 and asset sales Dispositions permitted under Section 11.57.05.

Appears in 1 contract

Samples: Credit Agreement (Medcath Corp)

Impairment of Security Interests. Take or omit to take any action, which might or would have the result of materially impairing the security interests Liens in favor of the Administrative Agent with respect to the Collateral (other than agreements with NTIA relating to the Federal Interest) or grant to any Person (other than the Administrative Agent for the benefit of itself and the Lenders pursuant to the Security Documents) any interest whatsoever in the Collateral, except for Liens permitted under Section 11.2 12.2 and asset sales permitted under Section 11.512.5.

Appears in 1 contract

Samples: Credit Agreement (Hickory Tech Corp)

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