Common use of No Impairment of the Security Interests Clause in Contracts

No Impairment of the Security Interests. No Pledgor shall take any action, or knowingly or negligently omit to take any action, which action or omission would have the result of materially impairing the security interest with respect to the Pledged Collateral.

Appears in 4 contracts

Samples: Security Agreement, Security Agreement (Aleris Corp), Security Agreement (Aleris Corp)

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No Impairment of the Security Interests. No Pledgor shall take any action, or knowingly or negligently omit to take any action, which action or omission might or would have the result of materially impairing the security interest with respect to the Pledged CollateralCollateral or Mortgaged Property.

Appears in 2 contracts

Samples: First Lien Security Agreement (Carrols Restaurant Group, Inc.), Second Lien Security Agreement (Carrols Restaurant Group, Inc.)

No Impairment of the Security Interests. No Pledgor shall take any action, or knowingly or negligently omit to take any action, which action or omission might or would have the result of materially impairing the security interest with respect to the Pledged Collateral.

Appears in 2 contracts

Samples: Security Agreement (Fiesta Restaurant Group, Inc.), Security Agreement (Salem Communications Corp /De/)

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No Impairment of the Security Interests. No Pledgor shall take any action, or knowingly or negligently omit to take any action, which action or omission would have the result of materially impairing the security interest with respect to the Pledged Collateral.

Appears in 2 contracts

Samples: Security Agreement, Security Agreement (Aleris Corp)

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