Common use of Defective Collateralization Clause in Contracts

Defective Collateralization. This Agreement, the Loan Agreement or any of the other Loan Documents ceases to be in full force and effect (including failure of any collateral documents to create a valid and perfected first priority security interest or lien, subject only to the Approved Prior Liens) at any time and for any reason.

Defective Collateralization. This Agreement, the Loan Agreement or any of the other Loan Documents ceases to be in full force and effect (including failure of any collateral documents document to create a valid and perfected first priority security interest or lien, subject only to the Approved Prior Liens) at any time and for any reason.

Defective Collateralization. This Agreement, the Loan Agreement or any of the other Loan Documents ceases to be in full force and effect (including failure of the Security Agreement or any collateral documents other Loan Document to create a valid and perfected first priority security interest or lien, subject only to Lien in the Approved Prior LiensCollateral) at any time and for any reason.

Defective Collateralization. This Agreement, the Loan If this Agreement or any of the other Loan Documents ceases to be in full force and effect (including failure of any collateral documents the Security Documents to create a valid and perfected first priority security interest or lienLien on the Collateral), subject only to the Approved Prior Liens) at any time and for any reason, or Borrower repudiates any Loan Document or asserts that any Loan Document is not in full force and effect.

Defective Collateralization. This Agreement, the Loan Agreement or any of the other Loan Documents ceases to be in full force and effect (including failure of any collateral documents to create a valid and perfected first priority security interest or lien, subject only to the Approved Prior Liens) at any time and for any reason.

Defective Collateralization. This If this Agreement, the Loan Agreement Note, the Security Instrument or any of the other Loan Documents ceases to be in full force and effect (including failure of any collateral documents document to create a valid and perfected first priority security interest or lien, subject only to the Approved Prior Liens) at any time and for any reason.

Defective Collateralization. This Agreement, the Loan Agreement or any of the other Loan Documents ceases to be in full force and effect (including failure of any collateral documents document to create a valid and perfected first priority security interest or lien, subject only to the Approved Prior Liens) at any time and for any reasontime.

Defective Collateralization. This Agreement, the Loan Agreement or any of the other Loan Documents ceases to be in full force and effect (including failure of any collateral documents document to create a valid and perfected first priority security interest or lien, subject only to lien in any material portion of the Approved Prior LiensCollateral) at any time and for any reason, or Borrower or any other Person contests in any manner the validity or enforceability of the applicable Loan Document.

Defective Collateralization. This Agreement, the Loan Agreement or any of the other Loan Documents ceases to be in full force and effect (including failure of any collateral documents the Security Documents to create a valid and perfected security interests in first priority security interest or lienposition, subject only to the Approved Prior Liens) at any time and for any reason.

Defective Collateralization. This Agreement, the Loan Agreement or any of the other Loan Documents ceases to be in full force and effect (including failure of the Security Agreement or any collateral documents other Loan Document to create a valid and perfected first first-priority security interest or lien, subject only to Lien in the Approved Prior LiensCollateral) at any time and for any reason.

Defective Collateralization. This Agreement, the Loan Agreement or any of the other Loan Documents ceases to be in full force and effect (including failure of any collateral documents the Stock Pledge Agreement to create a valid and perfected first priority security interest or lien, subject only to the Approved Prior LiensLien) at any time and for any reason.

Defective Collateralization. This Agreement, the Loan Agreement or any of the other Loan Documents ceases to be in full force and effect (including failure of the Security Agreement, the Collateral Account Security Agreement, or any collateral documents other Loan Document to create a valid and perfected first first-priority security interest or lien, subject only to Lien in the Approved Prior LiensCollateral) at any time and for any reason.

Defective Collateralization. This Agreement, the Loan Agreement or any of the other Loan Documents Document ceases to be in full force and effect (including failure of any collateral documents document to create a valid and perfected first priority security interest or lien, subject only to the Approved Prior Liens) at any time and for any reasonreason or any Collateral is or becomes subject to any liens except Permitted Liens.

Defective Collateralization. This Agreement, the Loan Agreement or any of the other Loan Documents ceases to be in full force and effect (including including, without limitation, the failure of any collateral documents the Security Agreement to create a valid and perfected first priority security interest or lien, subject only to in any of the Approved Prior Liens) at any time and for any reason.Collateral);

Defective Collateralization. This Agreement, the Loan Agreement or any of the other Loan Related Documents ceases to be in full force and effect (including failure of any collateral documents Security Agreement to create a valid and perfected first priority security interest or lien, subject only to the Approved Prior LiensSecurity Interest) at any time and for any reason, or any person shall seek to materially limit, modify or revoke such agreement.

Defective Collateralization. This Agreement, the Loan Agreement or any of the other Loan Documents ceases to be in full force and effect (including failure of any collateral documents document to create a valid and perfected first priority security interest or lien, subject only to the Approved Prior Liens) at any time and for any reason, or any Collateral is or becomes subject to any liens other than liens disclosed to and expressly permitted by Lender.