Common use of Impairment of Security Interests Clause in Contracts

Impairment of Security Interests. None of the Group Companies will (i) take or omit to take any action which action or omission might or would materially impair the security interests in favor of the Collateral Agent with respect to the Collateral or (ii) grant to any Person (other than the Collateral Agent pursuant to the Collateral Documents) any interest whatsoever in the Collateral, except for Permitted Liens.

Appears in 6 contracts

Samples: Credit Agreement (Global Cash Access Holdings, Inc.), Credit Agreement (Central Credit, LLC), Credit Agreement (Fairchild Corp)

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Impairment of Security Interests. None of the Group Companies will (i) take or omit to take any action which action or omission might or would could reasonably be expected to materially impair the security interests in favor of the Collateral Agent with respect to the Collateral or (ii) grant to any Person (other than the Collateral Agent pursuant to the Collateral Documents) any interest whatsoever in the Collateral, except for Permitted Liens.

Appears in 4 contracts

Samples: Credit Agreement (Amf Bowling Worldwide Inc), Credit Agreement (Hillman Companies Inc), Credit Agreement (Hillman Companies Inc)

Impairment of Security Interests. None of the Group Companies will (i) intentionally take or omit to take any requested action which action or omission might or would materially impair the security interests in favor of the Collateral Agent with respect to the Collateral or (ii) grant to any Person (other than the Collateral Agent pursuant to the Collateral Documents) any interest whatsoever in the Collateral, except for Permitted Liens.

Appears in 3 contracts

Samples: Credit Agreement (Synagro Technologies Inc), Credit Agreement (Synagro Technologies Inc), Credit Agreement (Synagro Technologies Inc)

Impairment of Security Interests. None of the Group Companies will (i) take or omit to take any action which action or omission might or would materially impair the security interests in favor of the Collateral Agent Agents with respect to the Collateral or (ii) grant to any Person (other than the Collateral Agent Agents pursuant to the Collateral Documents) any interest whatsoever in the Collateral, except for Permitted Liens.

Appears in 2 contracts

Samples: Credit Agreement (VeriFone Holdings, Inc.), Credit Agreement (Brooks Pharmacy, Inc.)

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Impairment of Security Interests. None of the Group Companies will (i) take or omit to take any action which action or omission might or would could reasonably be expected to materially impair the security interests in favor of the Collateral Agent with respect to the Collateral or (ii) grant to any Person (other than the Collateral Agent pursuant to the Collateral Documents) any interest whatsoever in the Collateral, except for Permitted LiensLiens and disposition of Collateral permitted under the Finance Documents.

Appears in 1 contract

Samples: Credit Agreement (Hillman Companies Inc)

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