Common use of Material Impairment Clause in Contracts

Material Impairment. Any material impairment of the priority of the Credit Parties’ security interests in the Collateral; or

Appears in 5 contracts

Samples: Term Loan Agreement (Coldwater Creek Inc), Credit Agreement (Coldwater Creek Inc), Credit Agreement (Coldwater Creek Inc)

AutoNDA by SimpleDocs

Material Impairment. Any material impairment of the value or priority of the Credit Parties’ security interests in the Collateral; or

Appears in 2 contracts

Samples: Credit Agreement (Iparty Corp), Credit Agreement (Iparty Corp)

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