Destruction of Collateral. Any portion of the Collateral shall be seized or taken by a Governmental Body, or any Loan Party or the title and rights of any Loan Party shall have become the subject matter of litigation which might, in the reasonable opinion of the Agent, upon final determination, result in material impairment or loss of the security provided by any Loan Document;
Destruction of Collateral. No injury to, or loss or destruction of, the Collateral or any part thereof shall relieve any Grantor of any of its obligations hereunder or any of the Secured Obligations.
Destruction of Collateral. The loss, theft, damage or destruction of any portion of the Collateral having an aggregate value in excess of Fifty Thousand Dollars ($50,000), to the extent not insured by an insurance carrier which has acknowledged coverage in the amount of the claim without any reservation of rights or which has been ordered by a court of competent jurisdiction to pay such claim (excluding any loss of Intellectual Property by reason of abandonment where such abandonment is undertaken in good faith, pursuant to prudent business practice and such abandonment would not reasonably be expected to result in a Material Adverse Effect); or
Destruction of Collateral. Waste or destroy the Collateral or use it in violation of any statute or ordinance.
Destruction of Collateral. Any material portion of the Collateral is damaged or destroyed;
Destruction of Collateral. Waste or destroy the collateral or use it in violation of any law, statute or ordinance.
Destruction of Collateral. 20 Section 3.5 Releases of Underlying Collateral 20
Destruction of Collateral. A loss, theft, damage or destruction occurs with respect to any Collateral, and the amount not covered by insurance exceeds $50,000.
Destruction of Collateral. Any destruction or abandonment of any part of the Collateral that is not in the ordinary course of business and that has a Material Adverse Effect; or
Destruction of Collateral. No injury to, or loss or destruction of, the Collateral or any part thereof shall relieve Grantors of any of their obligations hereunder or any of the Obligations under the Credit Agreement or any other Credit Document to which it is a party.
