Defective Collateralization. This Security Agreement ceases to be in full force and effect at any time and for any reason (other than by reasons caused solely by actions of the Collateral Agent); or the security interest intended to be created by this Security Agreement is not created and perfected, or such security interest ceases to be valid and perfected at any time and for any reason.
Appears in 8 contracts
Samples: Security Agreement (Illinois Superconductor Corporation), Security Agreement (Isco International Inc), Security Agreement (Isco International Inc)
Defective Collateralization. This Security Agreement ceases to be in full force and effect at effect, including failure of any time and for any reason (other than by reasons caused solely by actions of the Collateral Agent); or the security interest intended collateral document to be created by this Security Agreement is not created and perfected, or such security interest ceases to be create a valid and perfected security interest or line, at any time and for any reason.;
Appears in 5 contracts
Samples: Subscription Agreement (Epien Medical, Inc.), Security Agreement (Cardinal Energy Group, Inc.), Security Agreement (Clean Slate, Inc.)
Defective Collateralization. This Security Agreement ceases to be in full force and effect at any time and for any reason (other than by reasons caused solely by actions of the Collateral Agent); or the security interest intended including failure to be created by this Security Agreement is not created and perfected, or such security interest ceases to be create a valid and perfected security interest or lien as intended) at any time and for any reason.
Appears in 1 contract
