Common use of Impairment of Security Clause in Contracts

Impairment of Security. Any loss of, or loss of value of, any security granted to any of the Secured Creditors or the Collateral Agent by the Borrower or any other Person shall not discharge pro tanto or limit or lessen the liability of the Guarantor under this Guarantee.

Appears in 2 contracts

Samples: Canadian Subsidiary Guarantee (Williams Scotsman Inc), Canadian Subsidiary Guarantee (Williams Scotsman International Inc)

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Impairment of Security. Any loss of, or loss of value of, any security granted to any of the Secured Creditors or the Collateral Agent by the any Parent Guarantor or Borrower or any other Person shall not discharge pro tanto or limit or lessen the liability of the Guarantor under this Guarantee.

Appears in 1 contract

Samples: Avery Berkel Holdings LTD

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Impairment of Security. Any loss of, or loss of value of, any security granted to any of the Secured Creditors or the Collateral Agent by the Borrower SWT or any other Person shall not discharge pro tanto or limit or lessen the liability of the Guarantor under this Amended and Restated Guarantee.

Appears in 1 contract

Samples: Avery Berkel Holdings LTD

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