Common use of No Impairment of Collateral Shares Clause in Contracts

No Impairment of Collateral Shares. Borrower shall not take any action that would impair any Applicable Lender’s security interest in the Collateral Shares or its ability to exercise remedies against such Collateral Shares (including without limitation by imposing any Transfer Restriction or Restrictive Condition on the Collateral Shares, or entering into any shareholders’ agreement).

Appears in 1 contract

Samples: Margin Loan Agreement (Star Holdings)

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No Impairment of Collateral Shares. Borrower shall not take any action that would impair any Applicable Lender’s security interest in the Collateral Shares Shares, or its ability to exercise remedies against such the Collateral Shares (including without limitation by imposing any Transfer Restriction Restrictions or Restrictive Condition Conditions on the Collateral Shares, Shares or entering into any shareholders’ agreementagreement or a lock-up agreement other than a Permitted Lock-Up Agreement). Borrower shall not consent to any amendment to the terms of the Certificate of Designations without the consent of each Lender.

Appears in 1 contract

Samples: Margin Loan Agreement (Birch-or Equity Holdings, LLC)

No Impairment of Collateral Shares. Borrower shall not take any action that would impair any Applicable Lender’s security interest in the Collateral Shares or its ability to exercise remedies against such Collateral Shares (including without limitation by imposing any Transfer Restriction Restrictions or Restrictive Condition Conditions on the Collateral Shares, or entering into any shareholders’ agreement).

Appears in 1 contract

Samples: Security Agreement (Valor Parent LP)

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No Impairment of Collateral Shares. No Borrower or General Partner shall not take any action that would impair any Applicable Lender’s security interest in the Collateral Shares or its ability to exercise remedies against such the Collateral Shares (including without limitation by imposing any Transfer Restriction Restrictions or Restrictive Condition Conditions on the Collateral Shares, or entering into any shareholders’ agreementagreement or a lock-up agreement other than a Permitted Lock-Up Agreement), other than amendments to the Issuer’s Organization Documents that give rise to Permitted Transfer Restrictions or Permitted Restrictive Conditions.

Appears in 1 contract

Samples: Margin Loan Agreement (Blackstone Holdings III L.P.)

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