Security imperilled. Any Security created or intended to be created by a Finance Document is in any way imperilled or in jeopardy the Security Agent (acting on the instructions of the Facility Agent acting on the instructions of the Majority Lenders) has notified the relevant Transaction Obligor in writing of such matter and the relevant matter has not been remedied within 4 Business Days of the relevant Transaction Obligor being so notified.
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Samples: Facility Agreement (United Maritime Corp), Facility Agreement (United Maritime Corp), Assignment Agreement (United Maritime Corp)
Security imperilled. Any Security created or intended to be created by a Finance Document is in any way imperilled or in jeopardy jeopardy, unless it is (in the Security Agent (acting on reasonable opinion of the instructions Facility Agent) capable of remedy and is remedied within 10 Business Days of the earlier of the Facility Agent acting on giving notice to the instructions Borrower or an Obligor becoming aware of the Majority Lenders) has notified the relevant Transaction Obligor in writing of such matter and the relevant matter has not been remedied within 4 Business Days of the relevant Transaction Obligor being so notifiedunenforceability or invalidity.
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