Common use of Defective Collateralization Clause in Contracts

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any Security Agreement to create a valid and perfected Security Interest) at any time and for any reason.

Appears in 95 contracts

Samples: Business Loan Agreement (Exactech Inc), Loan Agreement (Industrial Services of America Inc /Fl), Loan Agreement (R B Rubber Products Inc)

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Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including the failure of any Security Agreement of the Related Document to create a valid and perfected Security Interest) at any time and for any reasonfirst-priority security interest).

Appears in 1 contract

Samples: Loan and Stock Purchase Agreement (Autotradecenter Com Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in In full force and effect (including failure of any Security Agreement to create a valid and perfected Security Interest) at any time and for any reason.

Appears in 1 contract

Samples: Business Loan Agreement (Astropower Inc)

Defective Collateralization. This Agreement agreement or any of the Related Documents ceases to be in full force and effect (including failure of any Security Agreement collateral document to create a valid and perfected Security Interestsecurity interest or lien) at any time and for any reason.

Appears in 1 contract

Samples: Investment Agreement (Euroweb International Corp)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any Security Agreement to create Create a valid and perfected Security Interestinterest) at any time and for any reason.

Appears in 1 contract

Samples: Business Loan Agreement (Nu Wave Health Products Inc)

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Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any Security Agreement collateral documents to create a valid and perfected Security Interestsecurity interest or lien) at any time and for any reason.reason.β€Œ

Appears in 1 contract

Samples: Commercial Security Agreement

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any Security Agreement collateral documents to create a valid and perfected Security InterestInterest or lien) at any time and for any reason.

Appears in 1 contract

Samples: Security Agreement (PDS Financial Corp)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any Security Agreement collateral documents to create a valid and perfected Security Interestfirst priority security interest or lien) at any time and for any reason.

Appears in 1 contract

Samples: Loan Agreement (Obie Media Corp)

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