Common use of Impairment of Collateral Clause in Contracts

Impairment of Collateral. Not use any material portion of the Collateral, or permit the same to be used, for any unlawful purpose, in any manner that is reasonably likely to materially adversely impair the value or usefulness of the Collateral, or in any manner inconsistent with the provisions or requirements of any policy of insurance thereon nor affix or install any accessories, equipment, or device on the Collateral or on any component thereof if such addition will materially impair the original intended function or use of the Collateral or such component.

Appears in 28 contracts

Samples: Security Agreement (PostRock Energy Corp), Security Agreement (PostRock Energy Corp), Security Agreement (PostRock Energy Corp)

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Impairment of Collateral. Not use any material portion of the Collateral, or permit the same to be used, for any unlawful purpose, in any manner that is reasonably likely to materially adversely impair the value or usefulness of the Collateral, or in any manner inconsistent with the provisions or requirements of any policy of insurance thereon nor affix or install any accessories, equipment, equipment or device on the Collateral or on any component thereof if such addition will materially impair the original intended function or use of the Collateral or such component.

Appears in 4 contracts

Samples: Credit Agreement (Rotech Healthcare Inc), Possession Credit Agreement (Rotech Healthcare Inc), Credit Agreement (Rotech Healthcare Inc)

Impairment of Collateral. Not use any material portion of the Collateral, or permit the same to be used, for any unlawful purpose, in any manner that is reasonably likely to materially adversely impair the value or usefulness of the Collateral, or in any manner inconsistent with the provisions or requirements of any policy of insurance thereon nor affix or install any accessories, equipment, or device on the Collateral or on any component thereof if such addition will materially impair the original intended function or use of the Collateral or such componentthereon.

Appears in 3 contracts

Samples: , and Consolidated Credit Agreement (Bank of America Corp /De/), Pledge and Security Agreement (Taleo Corp), Pledge and Security Agreement (Bizcom Usa Inc)

Impairment of Collateral. Not use any material portion of the Collateral, or permit the same to be used, for any unlawful purpose, in any manner that is reasonably likely to 12 materially adversely impair the value or usefulness of the Collateral, or in any manner inconsistent with the provisions or requirements of any policy of insurance thereon nor affix or install any accessories, equipment, or device on the Collateral or on any component thereof if such addition will materially impair the original intended function or use of the Collateral or such component.

Appears in 1 contract

Samples: Security Agreement (Quest Resource Corp)

Impairment of Collateral. Not use any material portion of the Collateral, or permit the same to be used, for any unlawful purpose, in any manner that is reasonably likely to materially adversely impair the value or usefulness of the Collateral, or in any manner inconsistent with the provisions or requirements of any policy of insurance thereon nor affix or install any accessories, equipment, equipment or device on the Collateral or on any component thereof if such addition will materially impair the original intended function or use of the Collateral or such component.. 21

Appears in 1 contract

Samples: Possession Credit Agreement (Rotech Healthcare Inc)

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Impairment of Collateral. Not use any material portion of the Collateral, or ------------------------ permit the same to be used, for any unlawful purpose, in any manner that is reasonably likely to materially adversely impair the value or usefulness of the Collateral, or in any manner inconsistent with the provisions or requirements of any policy of insurance thereon nor affix or install any accessories, equipment, or device on the Collateral or on any component thereof if such addition will materially impair the original intended function or use of the Collateral or such component.

Appears in 1 contract

Samples: Security Agreement (Azz Inc)

Impairment of Collateral. Not use any material portion of the Collateral, or permit the same to be used, for any unlawful purpose, in any manner that is reasonably likely to PLEDGE AND SECURITY AGREEMENT QUEST EASTERN materially adversely impair the value or usefulness of the Collateral, or in any manner inconsistent with the provisions or requirements of any policy of insurance thereon nor affix or install any accessories, equipment, or device on the Collateral or on any component thereof if such addition will materially impair the original intended function or use of the Collateral or such component.

Appears in 1 contract

Samples: Security Agreement (Quest Resource Corp)

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