Common use of Defective Collateralization Clause in Contracts

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

Appears in 7 contracts

Samples: Autoscope Technologies Corp, Adcare Health Systems, Inc, Golf Trust of America Inc

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

Appears in 7 contracts

Samples: Business Loan Agreement (Clearday, Inc.), Autoscope Technologies Corp, Assignment of Rents (Arts Way Manufacturing Co Inc)

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

Appears in 2 contracts

Samples: Loan and Security Agreement (Snowdance Inc), Business Loan Agreement (Jameson Inns Inc)

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

Appears in 1 contract

Samples: Eaco Corp

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

Appears in 1 contract

Samples: Pledge Agreement (Wilshire Financial Services Group Inc)

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

Appears in 1 contract

Samples: Dynasil Corp of America

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

Appears in 1 contract

Samples: Loan and Security Agreement (Snowdance Inc)

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

Appears in 1 contract

Samples: icc.illinois.gov

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