Common use of Prejudice to security Clause in Contracts

Prejudice to security. Anything is done or suffered or omitted to be done by any Obligor which in the reasonable opinion of the Agent would or might be expected to imperil the security created by any of the Security Documents.

Appears in 19 contracts

Samples: Secured Loan Agreement (NCL CORP Ltd.), Loan Agreement (NCL CORP Ltd.), Secured Loan Agreement (NCL CORP Ltd.)

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Prejudice to security. Anything is done or suffered or omitted to be done by any Obligor or the Builder which in the reasonable opinion of the Agent would or might be expected to imperil the security created by any of the Security Documents.

Appears in 18 contracts

Samples: Secured Loan Agreement (NCL CORP Ltd.), Loan Agreement (NCL CORP Ltd.), Loan Agreement (NCL CORP Ltd.)

Prejudice to security. Anything is done or suffered or omitted to be done by any Obligor which in the reasonable opinion of the Agent would or might be expected to imperil the security created by any of the Security Finance Documents.

Appears in 6 contracts

Samples: Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Prestige Cruises International, Inc.)

Prejudice to security. Anything is done or suffered or omitted to be done by any Obligor which in the reasonable opinion of the Agent would or might be expected to imperil the security created by any of the Security DocumentsDocuments or either of the Lower Saxony Guarantees.

Appears in 6 contracts

Samples: Facility Agreement (NCL CORP Ltd.), Facility Agreement (NCL CORP Ltd.), Facility Agreement (NCL CORP Ltd.)

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Prejudice to security. Anything is done or suffered or omitted to be done by any Transaction Obligor which in the reasonable opinion of the Agent would or might be expected to imperil the security created by any of the Security Finance Documents.

Appears in 4 contracts

Samples: Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.), Sace Facility Agreement (Norwegian Cruise Line Holdings Ltd.)

Prejudice to security. Anything is done or suffered or omitted to be done by any Obligor which in the reasonable opinion of the Paying Agent would or might be expected to imperil the security created by any of the Security Documents.

Appears in 1 contract

Samples: Loan Agreement (NCL CORP Ltd.)

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