Common use of Impairment of Security Clause in Contracts

Impairment of Security. The validity or effectiveness of any Loan Document or the transfer, grant, pledge, mortgage or assignment by the Company of any lien hereunder or thereunder to the Agent is impaired or contested; or any Security Document is amended, hypothecated, subordinated, terminated or discharged, or if any Person is released from any of its covenants or obligations of such person thereunder any Security Document except to the extent that the Agent expressly consents in writing; or

Appears in 5 contracts

Samples: Reimbursement and Security Agreement (Multi Color Corp), Credit Agreement (Multi Color Corp), Security Agreement (Multi Color Corp)

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