Security in Jeopardy Clause Samples

Security in Jeopardy if in the opinion of the Lender, any security provided to the Lender in connection with the Facility is in jeopardy and notice thereof has been given by the Lender to the Borrower;

Security in Jeopardy. If, in the opinion of the Rupee Lenders, the Security Interest of the Rupee Lenders is in jeopardy for a period of 30 (thirty) days.

Security in Jeopardy. If at any time it shall appear to the Agent that any of the Collateral is in danger of seizure, distress, attachment, execution, diligence or other legal process, or that the Security shall for any other reason be in jeopardy, the Agent shall be entitled without notice to the Chargor to take possession of and hold the same or to appoint a Receiver of such Collateral. The provisions of Clause 10 shall govern the appointment, removal and powers of a Receiver appointed under this Clause 9.3 as if it were a Receiver appointed under Clause 10 and the Chargor shall, at its own expense, promptly execute such deeds and other agreements and otherwise take whatever action the Agent may require in order to enable the Agent to exercise its rights contained in this Clause 9.3.

Security in Jeopardy. If at any time it shall appear to the Agent that any of the Security Assets is in danger of seizure, distress, attachment, execution, diligence or other legal process, or that the Security shall for any other reason be in jeopardy, the Agent shall be entitled without notice to the Chargor to take possession of and hold the same. The Chargor shall, at its own expense, promptly execute such deeds and other agreements and otherwise take whatever action the Agent may require (acting reasonably) in order to enable the Agent to exercise its rights contained in this Clause 8.2.

Security in Jeopardy the Bank decides in its discretion that the continuation of the grant of the Facility and this Agreement or any part thereof would be likely to be detrimental to its own position or otherwise undesirable or that its security hereunder is inadequate or in jeopardy or that any event or events has/have occurred or a situation exists which could or might prejudice the Customer’s or any of the other Security Party’s ability to perform its and/or any of the other Security Party’s obligation(s) hereunder in accordance with the terms hereof, the Letter of Offer or any of the Security Documents as the case may be;

Security in Jeopardy. If, in the opinion of the Lender, the Security for the Term Loan Facility is in jeopardy or ceases to have effect or if any Financing Document including any Security Document executed or furnished by or on behalf of the Borrower becomes illegal, invalid, unenforceable or otherwise fails or ceases to be in effect or fails or ceases to provide the benefit of the liens, rights, powers, privileges or Security Interests purported or sought to be created thereby or if any such Financing Document shall be assigned or otherwise transferred, amended or terminated, repudiated or revoked without the approval of the Lender. /s/ S▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇

Security in Jeopardy. If at any time it shall appear to the Collateral Agent that any of the Collateral is in danger of seizure, distress, attachment, execution, diligence or other legal process, or that the Security shall for any other reason be in jeopardy, the Collateral Agent shall be entitled, without notice to each Grantors, to take possession of and hold the same or to appoint a Receiver of such Collateral. The provisions of Clause 12 shall govern the appointment, removal and powers of a Receiver appointed under this Clause as if it were a Receiver appointed under Clause 12 and each Grantor shall, at its own expense, promptly execute such deeds and other agreements and otherwise take whatever action the Collateral Agent may require in order to enable the Collateral Agent to exercise its rights contained in this Clause 11.2.

Security in Jeopardy. If, in the opinion of any Finance Party, any assets held by the Finance Party as security for the Facility is in jeopardy, under threat or ceases to have effect or if any Finance Document executed or furnished by or on behalf of the Borrower or any other Obligor becomes illegal, invalid, unenforceable or otherwise fails or ceases to be in effect or fails or ceases to provide the benefit of the liens, rights, powers, privileges or security interests purported or sought to be created thereby or if any such Finance Document shall be assigned or otherwise transferred, amended or terminated, repudiated or revoked without the approval of the Agent. SIN-#2682702-v10 66

Security in Jeopardy. If, in the opinion of the Majority Lenders, any assets held by the Security Trustee or any other person for the benefit of Finance Parties as security for the Facility is in jeopardy, under threat or ceases to have effect.