Common use of Impairment of Security Interests Clause in Contracts

Impairment of Security Interests. Subject to the rights of the holders of Permitted Liens, the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to take, or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Collateral Agent, the Administrative Agent and the Senior Credit Parties, except as otherwise permitted under this Agreement. Any release of the Collateral in accordance with the provisions of this Agreement shall not be deemed to impair the security hereunder, and any Person may rely on such provision in delivering a certificate requesting release so long as all other provisions of this Agreement with respect to such release have been complied with. The Borrower shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Collateral Documents in any manner that would be adverse to the Lenders in any material respect, except as permitted under Section 10.01 hereof, the Security Agreement, the Intercreditor Agreement or the Collateral Agency Agreement.

Impairment of Security Interests. Subject to the rights of the holders of Permitted Liens, the Borrower Issuer shall not, and shall not permit any of its Restricted Subsidiaries to take, or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Collateral Agent, the Administrative Agent Trustee and the Senior Credit PartiesHolders, except as otherwise permitted under this AgreementIndenture. Any release of the Collateral in accordance with the provisions of this Agreement Indenture shall not be deemed to impair the security hereunder, and any Person may rely on such provision in delivering a certificate requesting release so long as all other provisions of this Agreement Indenture with respect to such release have been complied with. The Borrower Issuer shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Collateral Documents in any manner that would be adverse to the Lenders Holders in any material respect, except as permitted under Section 10.01 Article 9 hereof, the Security Agreement, the Intercreditor Agreement or the Collateral Agency Agreement.

Impairment of Security Interests. Subject to the rights of the holders of Permitted Liens, the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to take, or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Collateral Agent, the Administrative Agent and the Senior Credit Parties, except as otherwise permitted under this Agreement. Any release of the Collateral in accordance with the provisions of this Agreement shall not be deemed to impair the security hereunder, and any Person may rely on such provision in delivering a certificate requesting release so long as all other provisions of this Agreement with respect to such release have been complied with. The Borrower shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Collateral Documents in any manner that would be adverse to the Lenders in any material respect, except as permitted under Section 10.01 hereof, the Security Agreement, the Intercreditor Agreement or the Collateral Agency Intercreditor Agreement.

Impairment of Security Interests. Subject to the rights of the holders of Permitted Liens, the Borrower Company shall not, and shall not permit any of its Restricted Subsidiaries to take, or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Collateral Agent, the Administrative Agent Trustee and the Senior Credit PartiesHolders, except as otherwise permitted under this AgreementIndenture. Any release of the Collateral in accordance with the provisions of this Agreement Indenture shall not be deemed to impair the security hereunder, and any Person may rely on such provision in delivering a certificate requesting release so long as all other provisions of this Agreement Indenture with respect to such release have been complied with. The Borrower Company shall deliver to the Trustee and the Collateral Agent an Officer’s Certificate and an Opinion of Counsel stating that all conditions precedent under this Indenture and the Notes Security Documents relating to the execution and delivery of each such release have been complied with. The Company shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Collateral Notes Security Documents in any manner that would be adverse to the Lenders Holders in any material respect, except as permitted under Section 10.01 Article 9 hereof, the Security Agreement, the Intercreditor Agreement or the Collateral Agency Agreement.

Impairment of Security Interests. Subject to the rights of the holders of Permitted Liens, the Borrower Company shall not, and shall not permit any of its Restricted Subsidiaries to take, or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Notes Collateral Agent, the Administrative Agent Trustee and the Senior Credit PartiesHolders, except as otherwise permitted under this AgreementIndenture. Any release of the Collateral in accordance with the provisions of this Agreement Indenture shall not be deemed to impair the security hereunder, and any Person may rely on such provision in delivering a certificate requesting release so long as all other provisions of this Agreement Indenture with respect to such release have been complied with. The Borrower Company shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Collateral Documents in any manner that would be adverse to the Lenders Holders in any material respect, except as permitted under Section 10.01 Article 9 or 10 hereof, the Security Agreement, the Intercreditor Agreement or the Collateral Agency Agreement.

Impairment of Security Interests. Subject to the rights of the holders of Permitted Liens, the Borrower Issuer shall not, and shall not permit any of its Restricted Subsidiaries to take, or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Collateral Agent, the Administrative Agent and the Senior Credit PartiesHolders, except as otherwise permitted under this Note Purchase Agreement. Any release of the Collateral in accordance with the provisions of this Note Purchase Agreement shall not be deemed to impair the security hereunder, and any Person may rely on such provision in delivering a certificate requesting release so long as all other provisions of this Note Purchase Agreement with respect to such release have been complied with. The Borrower Issuer shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Collateral Documents in any manner that would be adverse to the Lenders Holders in any material respect, except as permitted under Section 10.01 Article 13 hereof, the Security Agreement, the Intercreditor Agreement or the Collateral Agency Agreement.

Impairment of Security Interests. Subject to the rights of the holders of Permitted Liens, the Borrower shall not, and shall not permit any of its Restricted Subsidiaries to take, or knowingly or negligently omit to take, any action which action or omission would or could reasonably be expected to have the result of materially impairing the security interest with respect to the Collateral for the benefit of the Collateral Agent, the Administrative Agent and the Senior Credit Parties, except as otherwise permitted under this Agreement. Any release of the Collateral in accordance with the provisions of this Agreement shall not be deemed to impair the security hereunder, and any Person may rely on such provision in delivering a certificate requesting release so long as all other provisions of this Agreement with respect to such release have been complied with. The Borrower shall not amend, modify or supplement, or permit or consent to any amendment, modification or supplement of, the Collateral Documents in any manner that would be adverse to the Lenders in any material respect, except as permitted under Section 10.01 hereof, the Security Agreement, the Intercreditor Agreement or the Collateral Agency Intercreditor Agreement.