Common use of Impairment of Security Interests Clause in Contracts

Impairment of Security Interests. Except as otherwise permitted pursuant to any of the Loan Documents, it shall not directly or indirectly, take any action or do anything that would have the effect of terminating, limiting in or impairing the perfection or priority of any Lien securing the Obligations except as expressly permitted under any Loan Document.

Appears in 4 contracts

Samples: Revolving Credit Agreement (James River Coal CO), Revolving Credit Agreement (James River Coal CO), Revolving Credit Agreement (James River Coal CO)

AutoNDA by SimpleDocs

Impairment of Security Interests. Except as otherwise permitted pursuant to any of the Loan Documents, it shall not not, directly or indirectly, take any action or do anything that would have the effect of terminating, limiting in any material respect or impairing the perfection or priority of any Lien securing the Obligations except as expressly permitted under any Loan Document.

Appears in 1 contract

Samples: Senior Secured Super Priority Credit Agreement (Isolagen Inc)

Impairment of Security Interests. Except as otherwise permitted pursuant to any of the Loan Documents, it shall not not, directly or indirectly, take any action or do anything that would have the effect of terminating, limiting in or impairing the perfection or priority of any Lien securing the Obligations except as expressly permitted under any Loan Document.

Appears in 1 contract

Samples: Secured Credit Agreement (Oppenheimer Holdings Inc)

AutoNDA by SimpleDocs

Impairment of Security Interests. Except as otherwise permitted pursuant to any of the Loan Documents, it shall not directly or indirectly, take any action or do anything that would have the effect of terminating, limiting in or impairing the perfection or priority of any Lien securing the Obligations except as expressly permitted under any Loan Document.. 84

Appears in 1 contract

Samples: Revolving Credit Agreement (James River Coal CO)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!