Common use of Impairment of Security Interests Clause in Contracts

Impairment of Security Interests. The Borrower will not take or omit to take any action which action or omission might or would materially impair the security interests in favor of the Collateral Agent with respect to the Collateral.

Appears in 6 contracts

Sources: Term Loan Agreement (Trinity Industries Inc), Warehouse Loan Agreement (Trinity Industries Inc), Term Loan Agreement (Trinity Industries Inc)

Impairment of Security Interests. The Borrower will not take or omit to take any action which action or omission might or would materially impair the security interests in favor of the Collateral Agent with respect to the Collateral, other than as expressly permitted by the Loan Documents (including Section 7.05 hereof).

Appears in 1 contract

Sources: Loan Agreement (PBF Holding Co LLC)