Common use of Impairment of Security Interests Clause in Contracts

Impairment of Security Interests. The Borrower will not, and will not permit any of the Subsidiaries to, 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 Collateral Agent on behalf of the Secured Parties with respect to the Collateral, and the Borrower will not, and will not permit any of the Subsidiaries to, grant to any person (other than the Collateral Agent on behalf of the Secured Parties pursuant to the Loan Documents) any interest whatsoever in the Collateral.

Impairment of Security Interests. The Borrower will not, and will not permit any of the Subsidiaries to, 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 Collateral Agent Trustee on behalf of the Secured Parties with respect to the Collateral, and the Borrower will not, and will not permit any of the Subsidiaries to, grant to any person Person (other than the Collateral Agent Trustee on behalf of the Secured Parties pursuant to the Loan DocumentsParties) any interest whatsoever in the Collateral.

Impairment of Security Interests. The Borrower will not, and will not permit any of the Subsidiaries to, 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 Collateral Administrative Agent on behalf of the Secured Parties with respect to the Collateral, and the Borrower will not, and will not permit any of the Subsidiaries to, grant to any person (other than the Collateral Administrative Agent on behalf of the Secured Parties pursuant to the Loan Documents) any interest whatsoever in the Collateral.

Impairment of Security Interests. The Borrower will not, and will not permit any of the its Subsidiaries to, 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 Collateral Administrative Agent on behalf of the Secured Parties with respect to the Collateral, and the Borrower will not, and will not permit any of the its Subsidiaries to, grant to any person (other than the Collateral Administrative Agent on behalf of the Secured Parties pursuant to the Loan DocumentsParties) any interest whatsoever in the Collateral.