Common use of Non-Impairment, etc Clause in Contracts

Non-Impairment, etc. After giving effect to this Amendment Agreement, neither the modification and restatement of the Original Credit Agreement or any other Original Loan Document effected pursuant to this Amendment Agreement nor the execution, delivery, performance or effectiveness of this Amendment Agreement, the Amended and Restated Credit Agreement or any other Loan Document impairs the validity, effectiveness or priority of the Liens granted pursuant to the Pledge Agreement and the Security Agreement (as such terms are defined in the Original Credit Agreement and as in effect immediately prior to the Amendment Effective Date, the "Original Security Documents"), and such Liens continue unimpaired with the same priority to secure repayment of all Obligations, whether heretofore or hereafter incurred. Neither the modification and restatement of the Original Credit Agreement or the other Original Loan Documents effected pursuant to this Amendment Agreement nor the execution, delivery, performance or effectiveness of this Amendment Agreement, the Amended and Restated Credit Agreement or any other Loan Document requires that any new filings be made or other action taken to perfect or to maintain the perfection of such Liens. Under the foregoing circumstances, the position of the Lenders with respect to such Liens, the Collateral (as defined in the Original Security Documents) in which a security interest was granted pursuant to the Original Security Documents, and the ability of the Administrative Agent to realize upon such Liens pursuant to the terms of the Security Agreement and the Pledge Agreement have not been adversely affected in any material respect by the modification and restatement of the Original Credit Agreement or the other Original Loan Documents effected pursuant to this Amendment Agreement or by the execution, delivery, performance or effectiveness of this Amendment Agreement, the Amended and Restated Credit Agreement or any other Loan Document.

Appears in 1 contract

Samples: Amendment Agreement (Dollar Thrifty Automotive Group Inc)

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Non-Impairment, etc. After giving effect to this Amendment Agreement, neither the modification and restatement of the Original Second Amended and Restated Credit Agreement or any other Original Existing Loan Document effected pursuant to this Amendment Agreement nor the execution, delivery, performance or effectiveness of this Amendment Agreement, the Third Amended and Restated Credit Agreement or any other Loan Document impairs the validity, effectiveness or priority of the Liens granted pursuant to the Pledge Agreement and the Security Agreement (as such terms are defined in the Original Second Amended and Restated Credit Agreement and as in effect immediately prior to the Amendment Effective Date, the "Original Existing Security Documents"), and such Liens continue unimpaired with the same priority to secure repayment of all Obligations, whether heretofore or hereafter incurred. Neither the modification and restatement of the Original Second Amended and Restated Credit Agreement or the other Original Existing Loan Documents effected pursuant to this Amendment Agreement nor the execution, delivery, performance or effectiveness of this Amendment Agreement, the Third Amended and Restated Credit Agreement or any other Loan Document requires that any new filings be made or other action taken to perfect or to maintain the perfection of such Liens. Under the foregoing circumstances, the position of the Lenders with respect to such Liens, the Collateral (as defined in the Original Existing Security Documents) in which a security interest was granted pursuant to the Original Existing Security Documents, and the ability of the Administrative Agent to realize upon such Liens pursuant to the terms of the Security Agreement and the Pledge Agreement have not been adversely affected in any material respect by the modification and restatement of the Original Second Amended and Restated Credit Agreement or the other Original Existing Loan Documents effected pursuant to this Amendment Agreement or by the execution, delivery, performance or effectiveness of this Amendment Agreement, the Third Amended and Restated Credit Agreement or any other Loan Document.

Appears in 1 contract

Samples: And Assignment Agreement (Dollar Thrifty Automotive Group Inc)

Non-Impairment, etc. After giving effect to this the Amendment Agreement, neither the modification and restatement of the Original Amended and Restated Credit Agreement or any other Original Loan Document effected pursuant to this the Amendment Agreement nor the execution, delivery, performance or effectiveness of this the Amendment Agreement, the Amended and Restated Credit this Agreement or any other Loan Document impairs the validity, effectiveness or priority of the Liens granted pursuant to the Pledge Agreement and the Security Agreement (as such terms are defined in the Original Amended and Restated Credit Agreement and as in effect immediately prior to the Amendment Effective Date, the "Original Security Documents"), and such Liens continue unimpaired with the same priority to secure repayment of all Obligations, whether heretofore or hereafter incurred. Neither the modification and restatement of the Original Amended and Restated Credit Agreement or the other Original Loan Documents effected pursuant to this the Amendment Agreement nor the execution, delivery, performance or effectiveness of this the Amendment Agreement, the Amended and Restated Credit this Agreement or any other Loan Document requires that any new filings be made or other action taken to perfect or to maintain the perfection of such Liens, except for amendments to Uniform Commercial Code financing statements in which Operations is the "debtor" for the purpose of reflecting the change in its name. Under the foregoing circumstances, the position of the Administrative Agent and the Lenders with respect to such Liens, the Collateral (as defined in the Original Security Documents) in which a security interest was granted pursuant to the Original Security Documents, and the ability of the Administrative Agent to realize upon such Liens pursuant to the terms of the Security Agreement and the Pledge Agreement have not been adversely affected in any material respect by the modification and restatement of the Original Amended and Restated Credit Agreement or the any other Original Loan Documents effected pursuant to this the Amendment Agreement or by the execution, delivery, performance or effectiveness of this the Amendment Agreement, the Amended and Restated Credit this Agreement or any other Loan Document.

Appears in 1 contract

Samples: Credit Agreement (Dollar Thrifty Automotive Group Inc)

Non-Impairment, etc. After giving effect to this the Amendment Agreement, neither the modification and restatement of the Original Amended and Restated Credit Agreement or any other Original Existing Loan Document effected pursuant to this the Amendment Agreement nor the execution, delivery, performance or effectiveness of this the Amendment Agreement, the Amended and Restated Credit this Agreement or any other Loan Document impairs the validity, effectiveness or priority of the Liens granted pursuant to the Pledge Agreement and the Security Agreement (as such terms are defined in the Original Amended and Restated Credit Agreement and as in effect immediately prior to the Amendment Effective Date, the "Original Existing Security Documents"), and such Liens continue unimpaired with the same priority to secure repayment of all Obligations, whether heretofore or hereafter incurred. Neither the modification and restatement of the Original Amended and Restated Credit Agreement or the other Original Existing Loan Documents effected pursuant to this the Amendment Agreement nor the execution, delivery, performance or effectiveness of this the Amendment Agreement, the Amended and Restated Credit this Agreement or any other Loan Document requires that any new filings be made or other action taken to perfect or to maintain the perfection of such Liens. Under the foregoing circumstances, the position of the Administrative Agent and the Lenders with respect to such Liens, the Collateral (as defined in the Original Existing Security Documents) in which a security interest was granted pursuant to the Original Existing Security Documents, and the ability of the Administrative Agent to realize upon such Liens pursuant to the terms of the Security Agreement and the Pledge Agreement have not been adversely affected in any material respect by the modification and restatement of the Original Amended and Restated Credit Agreement or the any other Original Existing Loan Documents effected pursuant to this the Amendment Agreement or by the execution, delivery, performance or effectiveness of this the Amendment Agreement, the Amended and Restated Credit this Agreement or any other Loan Document.

Appears in 1 contract

Samples: Credit Agreement (Dollar Thrifty Automotive Group Inc)

Non-Impairment, etc. After giving effect to this Amendment Agreement, neither the modification and restatement of the Original Credit Agreement or any other Original Loan Document effected pursuant to this Amendment Agreement nor the execution, delivery, performance or effectiveness of this Amendment Agreement, the Amended and Restated Credit Agreement or any other Loan Document impairs the validity, effectiveness or priority of the Liens granted pursuant to the Pledge Agreement Agreements and the Security Agreement Agreements (as such terms are defined in the Original Credit Agreement and as in effect immediately prior to the Amendment Effective Date, the "Original Security Documents"), and such Liens continue unimpaired with the same priority to secure repayment of all Obligations, whether heretofore or hereafter incurred. Neither the modification and restatement of the Original Credit Agreement or the other Original Loan Documents effected pursuant to this Amendment Agreement nor the execution, delivery, performance or effectiveness of this Amendment Agreement, the Amended and Restated Credit Agreement or any other Loan Document requires that any new filings be made or other action taken to perfect or to maintain the perfection of such LiensLiens other than the filing of UCC-1 financing statements described in Annex II hereto for the purpose of perfecting the security interests in collateral acquired by the applicable debtor after the Ryder Acquisition. Under the foregoing circumstances, the position of the Lenders with respect to such Liens, the Collateral (as defined in the Original Security Documents) in which a security interest was granted pursuant to the Original Security Documents, and the ability of the Administrative Agent to realize upon such Liens pursuant to the terms of the Security Agreement Agreements and the Pledge Agreement Agreements have not been adversely affected in any material respect by the modification and restatement of the Original Credit Agreement or the other Original Loan Documents effected pursuant to this Amendment Agreement or by the execution, delivery, performance or effectiveness of this Amendment Agreement, the Amended and Restated Credit Agreement or any other Loan Document.

Appears in 1 contract

Samples: Assignment, Assumption and Amendment Agreement (Budget Group Inc)

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Non-Impairment, etc. After giving effect to this Amendment Agreement, neither the modification and restatement of the Original Amended and Restated Credit Agreement or any other Original Loan Document effected pursuant to this Amendment Agreement nor the execution, delivery, performance or effectiveness of this Amendment Agreement, the Second Amended and Restated Credit Agreement or any other Loan Document impairs the validity, effectiveness or priority of the Liens granted pursuant to the Pledge Agreement and the Security Agreement (as such terms are defined in the Original Amended and Restated Credit Agreement and as in effect immediately prior to the Amendment Effective Date, the "Original Security Documents"), and such Liens continue unimpaired with the same priority to secure repayment of all Obligations, whether heretofore or hereafter incurred. Neither the modification and restatement of the Original Amended and Restated Credit Agreement or the other Original Loan Documents effected pursuant to this Amendment Agreement nor the execution, delivery, performance or effectiveness of this Amendment Agreement, the Second Amended and Restated Credit Agreement or any other Loan Document requires that any new filings be made or other action taken to perfect or to maintain the perfection of such Liens, except for amendment to Uniform Commercial Code financing statements in which Operations is the "debtor" for the purpose of reflecting the change in its name. Under the foregoing circumstances, the position of the Lenders with respect to such Liens, the Collateral (as defined in the Original Security Documents) in which a security interest was granted pursuant to the Original Security Documents, and the ability of the Administrative Agent to realize upon such Liens pursuant to the terms of the Security Agreement and the Pledge Agreement have not been adversely affected in any material respect by the modification and restatement of the Original Amended and Restated Credit Agreement or the other Original Loan Documents effected pursuant to this Amendment Agreement or by the execution, delivery, performance or effectiveness of this Amendment Agreement, the Second Amended and Restated Credit Agreement or any other Loan Document.

Appears in 1 contract

Samples: Credit Agreement (Dollar Thrifty Automotive Group Inc)

Non-Impairment, etc. After giving effect to this the Amendment Agreement, neither the modification and restatement of the Original Credit Agreement or any other Original Loan Document effected pursuant to this the Amendment Agreement nor the execution, delivery, performance or effectiveness of this the Amendment Agreement, the Amended and Restated Credit this Agreement or any other Loan Document impairs the validity, effectiveness or priority of the Liens granted pursuant to the Pledge Agreement and the Security Agreement (as such terms are defined in the Original Credit Agreement and as in effect immediately prior to the Amendment Effective Date, the "Original Security Documents"), and such Liens continue unimpaired with the same priority to secure repayment of all Obligations, whether heretofore or hereafter incurred. Neither the modification and restatement of the Original Credit Agreement or the other Original Loan Documents effected pursuant to this the Amendment Agreement nor the execution, delivery, performance or effectiveness of this the Amendment Agreement, the Amended and Restated Credit this Agreement or any other Loan Document requires that any new filings be made or other action taken to perfect or to maintain the perfection of such Liens. Under the foregoing circumstances, the position of the Administrative Agent and the Lenders with respect to such Liens, the Collateral (as defined in the Original Security Documents) in which a security interest was granted pursuant to the Original Security Documents, and the ability of the Administrative Agent to realize upon such Liens pursuant to the terms of the Security Agreement and the Pledge Agreement have not been adversely affected in any material respect by the modification and restatement of the Original Credit Agreement or the any other Original Loan Documents effected pursuant to this the Amendment Agreement or by the execution, delivery, performance or effectiveness of this the Amendment Agreement, the Amended and Restated Credit this Agreement or any other Loan Document.

Appears in 1 contract

Samples: Credit Agreement (Dollar Thrifty Automotive Group Inc)

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