Common use of No Impairment of Collateral Clause in Contracts

No Impairment of Collateral. No action has been taken by the Lender or the Vendor to materially impair the value of the Borrower’s right, title or interest in, or the security interests granted by the Borrower with respect to the Collateral.

Appears in 2 contracts

Sources: Restructuring Agreement (Azteca Holdings Sa De Cv), Restructuring Agreement (Tv Azteca Sa De Cv)