Impairment. The Pledgor shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Pledgees or the security purpose as described in Clause 3 hereof or defeat, impair or circumvent the rights of the Pledgees hereunder in each case in any material respect.
Appears in 2 contracts
Sources: Share Pledge Agreement, Share Pledge Agreement (Warp Technology Holdings Inc)
Impairment. The Pledgor shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Pledgees Pledgee or the security purpose as described in Clause 3 4 hereof or which would defeat, impair or circumvent the rights of the Pledgees Pledgee hereunder in each case in any material respect.
Appears in 2 contracts
Sources: Share Pledge Agreement (Solutia Inc), Share Pledge Agreement (Solutia Inc)
Impairment. The Pledgor shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Secondary Pledgees or the security purpose as described in Clause 3 4 hereof or defeat, impair or circumvent the rights of the Secondary Pledgees hereunder in each case in any material respect.
Appears in 2 contracts
Sources: Secondary Interest Pledge Agreement (Kabel Deutschland GmbH), Secondary Share Pledge Agreement (Kabel Deutschland GmbH)
Impairment. The Pledgor shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Pledgees or the security purpose as described in Clause 3 4 hereof or defeat, impair or circumvent the rights of the Pledgees hereunder in each case in any material respect.
Appears in 1 contract
Impairment. The Pledgor shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Pledgees or the security purpose as described in Clause 3 (Security Purpose) hereof or defeat, impair or circumvent the rights of the Pledgees hereunder in each case in any material respect.
Appears in 1 contract
Sources: Stock Pledge Agreement (Grand Chip Investment GmbH)
Impairment. The Pledgor shall not take, or participate in, any action which impairs, or which would for any other reason be inconsistent with, the security interest of the Pledgees or the security purpose as described in Clause 3 4 hereof or which would defeat, impair or circumvent the rights of the Pledgees hereunder in each case in any material respect.
Appears in 1 contract