Common use of Collateral for Agreement Clause in Contracts

Collateral for Agreement. The collateral for the credit facility evidenced by this Agreement shall be as set forth on Schedule 1.3 attached hereto and all applicable references in this Agreement to any such collateral documents shall be as defined on Schedule 1.3 (collectively, the “Collateral Documents”). The Collateral Documents, the Note and this Agreement shall sometimes be referred to herein collectively as the “Loan Documents”. In the event of a conflict between the terms of this Agreement and the terms set forth in any of the Loan Documents, the terms set forth in this Agreement shall be controlling, except to the extent, and only to the extent, that the terms set forth in the specific Loan Document are required to be controlling by applicable state law.

Appears in 4 contracts

Samples: Loan Agreement (Superior Drilling Products, Inc.), Fourth Amended and Restated Loan Agreement (Superior Drilling Products, Inc.), Loan Agreement (Superior Drilling Products, Inc.)

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