Collateral Impairment. There shall occur with respect to the Collateral any (i) misappropriation, conversion, diversion, or fraud, (ii) levy, seizure, or attachment, or (iii) material loss, theft, or damage.
Appears in 3 contracts
Samples: Loan and Security Agreement (American Artists Film Corp/Mo/), Loan and Security Agreement (Computone Corporation), Loan and Security Agreement (Delsoft Consulting Inc)
Collateral Impairment. There shall occur with respect to the Collateral any (i) fraud; (ii) material misappropriation, conversion, or diversion, or fraud, ; (iiiii) levy, seizure, or attachment, ; or (iiiiv) material loss, theft, or damage.
Appears in 3 contracts
Samples: Loan and Security Agreement (FFP Partners L P), Loan and Security Agreement (FFP Partners L P), Loan and Security Agreement (FFP Marketing Co Inc)
Collateral Impairment. There shall occur with respect to the Collateral any (iA) fraud, (B) misappropriation, conversion, conversion or diversion, or fraud, ; (iiC) a levy, seizure, or attachment, attachment which would materially or adversely affect the financial condition of any Obligor; or (iiiD) material loss, theft, or damagedamage not covered by insurance.
Appears in 1 contract
Collateral Impairment. There shall occur with respect to the Collateral any (i) misappropriation, conversion, diversion, or fraud, ; (ii) levy, seizure, or attachment, attachment in excess of $25,000 in any one instance or occurrence; or (iii) material loss, theft, or damagedamage in excess of $25,000 in any one instance or occurrence.
Appears in 1 contract
Samples: Promissory Note (Otr Express Inc/Ks)
Collateral Impairment. There shall occur with respect to the Collateral any (i) misappropriation, conversion, diversion, or fraud, (ii) material levy, seizure, or attachment, or (iii) material loss, theft, or damagedamage that is not covered by insurance.
Appears in 1 contract
Collateral Impairment. There shall occur with respect to the Collateral any (i) misappropriation, conversion, diversion, or fraud, (ii) levy, seizure, or attachment, or (iii) material loss, theft, or damage, in each case, if such event has a material adverse effect on the Debtor's business or financial condition.
Appears in 1 contract
Samples: Loan and Security Agreement (Mercury Air Group Inc)
Collateral Impairment. There shall occur with respect to the Collateral any (i) misappropriation, conversion, diversion, or fraud, ; (ii) levy, seizure, or attachment, ; or (iii) material loss, theft, or damage.
Appears in 1 contract
Samples: Loan and Security Agreement (Sigmatron International Inc)
