Common use of Collection of Collateral Clause in Contracts

Collection of Collateral. Any attempt to collect, cash in or otherwise recover deposits that are Collateral. THIRD PARTY BREACH. Any default or breach by a Third Party of any provision contained in any Control Agreement executed in connection with any of the Collateral. UNAUTHORIZED TERMINATION. Any attempt to terminate, revoke, rescind, modify, or violate the terms of this Security Agreement or any Control Agreement without the prior written consent of Bank.

Appears in 5 contracts

Samples: Security Agreement (Bio Imaging Technologies Inc), Security Agreement (Id Systems Inc), Loan Agreement (Raytech Corp)

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