Common use of Security and guarantees Clause in Contracts

Security and guarantees. Any Security Document or any guarantee in, or any subordination under, any Finance Document is not in full force and effect or any Security Document does not create in favour of the Security Agent for the benefit of the Finance Parties, the Security which it is expressed to create fully perfected and with the ranking and priority it is expressed to have in a manner and to an extent which is or is reasonably likely to be materially adverse to the interests of the Lenders under the Finance Documents.

Security and guarantees. Any Security Document or any guarantee in, in or any subordination under, under any Finance Document is not in full force and effect or any Security Document does not create in favour of the Security Agent for the benefit of the Finance Parties, the Security which it is expressed to create fully perfected and with the ranking and priority it is expressed to have in a manner and to an extent which is or is reasonably likely considered by the Majority Lenders to be materially adverse to the interests of the Lenders under the Finance Documentshave a Material Adverse Effect.

Security and guarantees. Any Security Document or any guarantee in, in or any subordination under, under any Finance Document is not in full force and effect or any Security Document does not create in favour of the Security Facility Agent for the benefit of the Finance Parties, Parties the Security which it is expressed to create fully perfected and with the ranking and priority it is expressed to have in a manner and to an extent which is or is reasonably likely considered by the Majority Lenders to be materially adverse to the interests of the Lenders under the Finance Documents.

Security and guarantees. Any Security Document or any guarantee in, or any subordination under, in any Finance Document is not in full force and effect or any Security Document does not create in favour of the Security Agent for the benefit of the Finance Parties, Secured Parties the Security which it is expressed to create fully perfected and with the ranking and priority it is expressed to have in a manner and to an extent which is or is reasonably likely to be materially adverse to the interests of the Lenders under the Finance Documentshave.

Security and guarantees. Any Security Document or any guarantee in, in or any subordination under, under any Finance Document is not in full force and effect or any Security Document does not create in favour of the Security Agent for the benefit of the Finance Secured Parties, the Security which it is expressed to create fully perfected and with the ranking and priority it is expressed to have in a manner and to an extent which is or is reasonably likely considered by the Majority Lenders to be materially adverse to the interests of the Lenders under the Finance Documentshave a Material Adverse Effect.

Security and guarantees. Any Security Document or any guarantee in, or any subordination under, any Finance Document is not in full force and effect or any Security Document does not create in favour of the Security Agent for the benefit of the Finance Secured Parties, the Security which it is expressed to create fully perfected and with the ranking and priority it is expressed to have in a manner and to an extent which is or is reasonably likely to be materially adverse to the interests of the Lenders under the Finance Documents.

Security and guarantees. Any Security Document or any guarantee in, in or any subordination under, under any Finance Document is not in full force and effect or any Security Document does not create in favour of the Security Agent for the benefit of the Finance Parties, Parties the Security which it is expressed to create fully perfected and with the ranking and priority it is expressed to have in a manner and to an extent which is or is reasonably likely considered by the Majority Lenders to be materially adverse to the interests of the Lenders under the Finance DocumentsParties.