Common use of Security Interest in Material Contracts Clause in Contracts

Security Interest in Material Contracts. The Borrower shall not, and shall not permit any of its Subsidiaries to, enter into any Material Contract (other than any of the Tishman Licenses) if such agreement (i) prohibits the granting to the Administrative Agent or any Lender a lien thereon, (ii) does not contain a consent by the counterparty thereto to the collateral assignment by the Borrower or such Subsidiary of its right, title and interest in such Material Contract in favor of the Administrative Agent, for the benefit of the Secured Parties, or (iii) otherwise unreasonably restricts or inhibits the Administrative Agent's or any Lender's ability to realize the benefit of any lien on any of the Collateral.

Security Interest in Material Contracts. The No Borrower shall, nor shall not, and shall not any Borrower permit any of its Subsidiaries to, enter into any Material Contract (other than any of the Tishman Licenses) if such agreement (i) prohibits the granting to the Administrative Agent or any Lender a lien thereon, (ii) does not contain a consent by the counterparty thereto to the collateral assignment by the such Borrower or such Subsidiary of its right, title and interest in such Material Contract in favor of the Administrative Agent, for the benefit of the Secured Parties, or (iii) otherwise unreasonably restricts or inhibits the Administrative Agent's or any Lender's ability to realize the benefit of any lien on any of the Collateral.

Security Interest in Material Contracts. The No Borrower shall, nor shall not, and shall not any Borrower permit any of its Subsidiaries to, enter into any Material Contract (other than any of the Tishman Licenses) if such agreement (i) prohibits the granting to the Administrative Agent or any Lender a lien thereon, (ii) does not contain a consent by the counterparty thereto to the collateral assignment by the such Borrower or such Subsidiary of its right, title and interest in such Material Contract in favor of the Administrative Agent, for the benefit of the Secured Parties, or (iii) otherwise unreasonably restricts or inhibits the Administrative Agent's ’s or any Lender's ’s ability to realize the benefit of any lien on any of the Collateral.