Common use of Transactions Affecting the Collateral Clause in Contracts

Transactions Affecting the Collateral. Enter into any transaction that materially and adversely affects the Collateral or the Borrower's ability to repay any Indebtedness for Money Borrowed or the obligations hereunder.

Appears in 2 contracts

Samples: Letter of Credit and Reimbursement Agreement (Medical Action Industries Inc), Letter of Credit and Reimbursement Agreement (Chesapeake Biological Laboratories Inc)

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Transactions Affecting the Collateral. Enter into any transaction that materially and adversely affects the Collateral or the Borrower's ability of the Borrower to repay any Indebtedness for Money Borrowed Debt or the obligations hereunderObligations, commit or allow the commission of any forgiveness or release of Collateral pursuant to the Intercompany Loan Documents or permit or agree to any material extension, compromise or settlement or make any material change or modification of any kind or nature with respect to any Account.

Appears in 2 contracts

Samples: Loan Agreement (Renal Treatment Centers Inc /De/), Loan Agreement (Renal Treatment Centers Inc /De/)

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Transactions Affecting the Collateral. Enter into any transaction that materially and which adversely affects the Collateral, the Lender's Lien in the Collateral or the priority of such Lien or the Borrower's ability to repay any Indebtedness for Money Borrowed or the obligations hereunderIndebtedness.

Appears in 1 contract

Samples: Loan Agreement (American Bancshares Inc \Fl\)

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