QRCP » Topics » No Impairment

These excerpts taken from the QRCP 8-K filed Jun 23, 2009.
No Impairment. The terms of this Agreement and the rights of each First Lien Secured Party in the Collateral and the obligations of the other Secured Parties arising hereunder shall not be affected, modified or impaired in any manner or to any extent by (i) any amendment or modification of or supplement to any of the Principal Agreements, Security Documents, or any agreement, instrument or document executed or delivered pursuant thereto, (ii) any lack of validity or enforceability of any of the Principal Agreements, Security Documents, or other agreements, instrument or documents referred to in clause (i) above, (iii) the exercise of or failure to exercise any right, power or remedy under or in respect of the Obligations or any of the Principal Agreements, Security Documents, or other agreements, instruments or documents referred to in clause (i) above arising at law, or (iv) any waiver, consent, release, indulgence, extension, renewal, modification, delay or other action, inaction or omission (other than in accordance with the provisions of this Agreement) in respect of the Obligations or any of the Principal Agreements, Security Documents, or other agreements, instruments or documents referred to in clause (i) above or in respect of any of the properties or assets now or hereafter constituting Collateral, whether or not the other Secured Parties shall have had notice or knowledge of any of the foregoing and whether or not they shall have consented thereto.

No Impairment. The terms of this Agreement and the rights of each First Lien Secured Party in the Collateral and the obligations of the other Secured Parties arising hereunder shall not be affected, modified or impaired in any manner or to any extent by (i) any amendment or modification of or supplement to any of the Principal Agreements, Security Documents, or any agreement, instrument or document executed or delivered pursuant thereto, (ii) any lack of validity or enforceability of any of the Principal Agreements, Security Documents, or other agreements, instrument or documents referred to in clause (i) above, (iii) the exercise of or failure to exercise any right, power or remedy under or in respect of the Obligations or any of the Principal Agreements, Security Documents, or other agreements, instruments or documents referred to in clause (i) above arising at law, or (iv) any waiver, consent, release, indulgence, extension, renewal, modification, delay or other action, inaction or omission (other than in accordance with the provisions of this Agreement) in respect of the Obligations or any of the Principal Agreements, Security Documents, or other agreements, instruments or documents referred to in clause (i) above or in respect of any of the properties or assets now or hereafter constituting Collateral, whether or not the other Secured Parties shall have had notice or knowledge of any of the foregoing and whether or not they shall have consented thereto.

EXCERPTS ON THIS PAGE:

8-K (2 sections)
Jun 23, 2009
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