Common use of Impairment of Security Interests Clause in Contracts

Impairment of Security Interests. Subject to the rights of the holders of Permitted Liens, the Issuer 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 Collateral Agent, Trustee and Holders, except as otherwise permitted under this Indenture. Any release of the Collateral in accordance with the provisions of this Indenture shall not be deemed to impair the security hereunder, and any Person may rely on such provision in delivering a certificate requesting release so long as all other provisions of this Indenture with respect to such release have been complied with. The Issuer shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Collateral Documents in any manner that would be adverse to the Holders in any material respect, except as permitted under Article 9 hereof.

Impairment of Security Interests. Subject to the rights of the holders of Permitted Liens, the Issuer Borrower 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 Collateral Agent, Trustee the Administrative Agent and Holdersthe Senior Credit Parties, except as otherwise permitted under this IndentureAgreement. Any release of the Collateral in accordance with the provisions of this Indenture Agreement shall not be deemed to impair the security hereunder, and any Person may rely on such provision in delivering a certificate requesting release so long as all other provisions of this Indenture Agreement with respect to such release have been complied with. The Issuer Borrower shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Collateral Documents in any manner that would be adverse to the Holders Lenders in any material respect, except as permitted under Article 9 Section 10.01 hereof, the Security Agreement, the Intercreditor Agreement or the Collateral Agency Agreement.

Impairment of Security Interests. Subject to the rights of the holders of Permitted Liens, the Issuer 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 Collateral Agent, Trustee and Holders, except as otherwise permitted under this Indenture. Any release of the Collateral in accordance with the provisions of this Indenture shall not be deemed to impair the security hereunder, and any Person may rely on such provision in delivering a certificate requesting release so long as all other provisions of this Indenture with respect to such release have been complied with. The Issuer Company shall deliver to the Trustee and the Collateral Agent an Officer’s Certificate and an Opinion of Counsel stating that all conditions precedent under this Indenture and the Notes Security Documents relating to the execution and delivery of each such release have been complied with. The Company shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Collateral Notes Security Documents in any manner that would be adverse to the Holders in any material respect, except as permitted under Article 9 hereof.

Impairment of Security Interests. Subject to the rights of the holders of Permitted Liens, the Issuer 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 Notes Collateral Agent, Trustee and Holders, except as otherwise permitted under this Indenture. Any release of the Collateral in accordance with the provisions of this Indenture shall not be deemed to impair the security hereunder, and any Person may rely on such provision in delivering a certificate requesting release so long as all other provisions of this Indenture with respect to such release have been complied with. The Issuer Company shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Collateral Documents in any manner that would be adverse to the Holders in any material respect, except as permitted under Article 9 or 10 hereof, the Security Agreement, the Intercreditor Agreement or the Collateral Agency Agreement.

Impairment of Security Interests. Subject to the rights of the holders of Permitted Liens, the Issuer 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 Collateral Agent, Trustee Agent and Holders, except as otherwise permitted under this IndentureNote Purchase Agreement. Any release of the Collateral in accordance with the provisions of this Indenture Note Purchase Agreement shall not be deemed to impair the security hereunder, and any Person may rely on such provision in delivering a certificate requesting release so long as all other provisions of this Indenture Note Purchase Agreement with respect to such release have been complied with. The Issuer shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Collateral Documents in any manner that would be adverse to the Holders in any material respect, except as permitted under Article 9 13 hereof.

Impairment of Security Interests. Subject to the rights of the holders of Permitted Liens, the Issuer Borrower 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 Collateral Agent, Trustee the Administrative Agent and Holdersthe Senior Credit Parties, except as otherwise permitted under this IndentureAgreement. Any release of the Collateral in accordance with the provisions of this Indenture Agreement shall not be deemed to impair the security hereunder, and any Person may rely on such provision in delivering a certificate requesting release so long as all other provisions of this Indenture Agreement with respect to such release have been complied with. The Issuer Borrower shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Collateral Documents in any manner that would be adverse to the Holders Lenders in any material respect, except as permitted under Article 9 Section 10.01 hereof, the Security Agreement or the Intercreditor Agreement.

Impairment of Security Interests. Subject to the rights of the holders of Permitted Liens, the Issuer Borrower 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 Collateral Agent, Trustee the Administrative Agent and Holdersthe Senior Credit Parties, except as otherwise permitted under this IndentureAgreement. Any release of the Collateral in accordance with the provisions of this Indenture Agreement shall not be deemed to impair the security hereunder, and any Person may rely on such provision in delivering a certificate requesting release so long as all other provisions of this Indenture Agreement with respect to such release have been complied with. The Issuer Borrower shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Collateral Documents in any manner that would be adverse to the Holders Lenders in any material respect, except as permitted under Article 9 Section 10.01 hereof, the Security Agreement or the Intercreditor Agreement.