Common use of Destruction of Collateral Clause in Contracts

Destruction of Collateral. Any material portion of the Collateral is damaged or destroyed;

Appears in 4 contracts

Samples: General Security Agreement (Innexus Biotechnology Inc), General Security Agreement (Innexus Biotechnology Inc), Security Agreement (3-D Geophysical Inc)

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Destruction of Collateral. Any material portion of the Collateral is damaged or destroyed;; and

Appears in 2 contracts

Samples: Line of Credit Agreement (Lucy Scientific Discovery, Inc.), Line of Credit Agreement (Lucy Scientific Discovery, Inc.)

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