Common use of Material Impairment Clause in Contracts

Material Impairment. Any material impairment of the priority of the Credit Parties’ security interests in the Collateral; or

Appears in 5 contracts

Sources: Term Loan Agreement (Coldwater Creek Inc), Credit Agreement (Coldwater Creek Inc), Credit Agreement (Coldwater Creek Inc)

Material Impairment. Any material impairment of the value or priority of the Credit Parties’ security interests in the Collateral; or

Appears in 2 contracts

Sources: Credit Agreement (Iparty Corp), Credit Agreement (Iparty Corp)