Common use of No Impairment of Deposits Clause in Contracts

No Impairment of Deposits. The Lessee shall not, nor shall it permit any of its Subsidiaries to, directly or indirectly, enter into or become bound by any agreement, instrument, indenture or other obligation which could directly or indirectly restrict, prohibit or require the consent of any Person to the making by the Lessee of any deposit constituting part of the Defeasance Deposit or the realization thereon or utilization thereof (or of any earnings thereon or of any other Collateral) by the Lessor, the Agent or any of the Participants.

Appears in 2 contracts

Samples: Participation Agreement (Inktomi Corp), Participation Agreement (Vitesse Semiconductor Corp)

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No Impairment of Deposits. The Lessee shall not, nor shall it permit any of its Subsidiaries to, directly or indirectly, enter into or become bound by any agreement, instrument, indenture or other obligation which could directly or indirectly restrict, prohibit or require the consent of any Person to the making by the Lessee of any deposit constituting part of the Defeasance Deposit Cash Collateral or the realization thereon or utilization thereof (or of any earnings thereon or of any other Collateral) by the Lessor, the Agent or any of the Participants.

Appears in 1 contract

Samples: Participation Agreement (Quantum Corp /De/)

No Impairment of Deposits. The Lessee shall not, nor shall it permit any of its Subsidiaries to, directly or indirectly, enter into or become bound by any agreement, instrument, indenture or other obligation which could directly or indirectly restrict, prohibit or require the consent of any Person to the making by the Lessee of any deposit constituting part of the Defeasance Deposit Pledged Collateral or the realization thereon or utilization thereof (or of any earnings thereon or of any other Collateral) by the Agent, the Lessor, the Agent Holders or any of the ParticipantsLenders.

Appears in 1 contract

Samples: Participation Agreement (Symantec Corp)

No Impairment of Deposits. The Lessee shall not, nor shall it permit any of its Subsidiaries to, directly or indirectly, enter into or become bound by any agreement, instrument, indenture or other obligation which could directly or indirectly restrict, prohibit or require the consent of any Person to the making by the Lessee of any deposit constituting part of the Defeasance Deposit or the realization thereon or utilization thereof (or of any earnings thereon or of any other Collateral) by the Agent Lessor, the Agent or any of the ParticipantsLenders or Lessors.

Appears in 1 contract

Samples: Participation Agreement (McData Corp)

No Impairment of Deposits. The Lessee shall not, nor shall it permit any of its Subsidiaries to, directly or indirectly, enter into or become bound by any agreement, instrument, indenture or other obligation which could directly or indirectly restrict, prohibit or require the consent of any Person to the making by the Lessee of any deposit constituting part of the Defeasance Deposit Cash Collateral or the realization thereon or utilization thereof (or of any earnings thereon or of any other Collateral) by the Lessor, the Agent or any of the Participants.

Appears in 1 contract

Samples: Participation Agreement (Quantum Corp /De/)

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No Impairment of Deposits. The Lessee shall not, nor shall it ------------------------- permit any of its Subsidiaries to, directly or indirectly, enter into or become bound by any agreement, instrument, indenture or other obligation which could directly or indirectly restrict, prohibit or require the consent of any Person to the making by the Lessee of any deposit of Cash Collateral or any deposit constituting part of the Defeasance Deposit or the realization thereon or utilization thereof (or of any earnings thereon or of any other Collateral) by the Lessor, the Agent or any of the Participants.

Appears in 1 contract

Samples: Participation Agreement (Vitesse Semiconductor Corp)

No Impairment of Deposits. The Lessee shall not, nor shall it ------------------------- permit any of its Subsidiaries to, directly or indirectly, enter into or become bound by any agreement, instrument, indenture or other obligation which could directly or indirectly restrict, prohibit or require the consent of any Person to the making by the Lessee of any deposit constituting part of the Defeasance Deposit Cash Collateral or the realization thereon or utilization thereof (or of any earnings thereon or of any other Collateral) by the Lessor, the Agent or any of the Participants.

Appears in 1 contract

Samples: Participation Agreement (Quantum Corp /De/)

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