Common use of Defective Collateralization Clause in Contracts

Defective Collateralization. This Agreement ceases to be in full force and effect, including failure of any collateral document to create a valid and perfected security interest or line, at any time and for any reason;

Appears in 2 contracts

Samples: Stock Pledge Agreement (IDdriven, Inc.), Intellectual Property Security Agreement (IDdriven, Inc.)

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

Appears in 1 contract

Samples: Purchase and Sales Agreement

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect, effect (including failure of any collateral document to create a valid and perfected security interest or line, lien) at any time and for any reason;. COMMERCIAL SECURITY AGREEMENT Loan No: 53263 (Continued) Page 6

Appears in 1 contract

Samples: Commercial Security Agreement (Dolphin Entertainment, Inc.)

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Defective Collateralization. This Agreement ceases to be in full --------------------------- force and effect, effect (including failure of any collateral document documents to create a valid and perfected security interest or line, lien) at any time and for any reason;.

Appears in 1 contract

Samples: Loan and Security Agreement (Symphonix Devices Inc)

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