Common use of Execution on Collateral Clause in Contracts

Execution on Collateral. The Collateral or any portion thereof is taken on execution or other process of law in any action against Debtor; or

Appears in 19 contracts

Samples: Security Agreement (Edible Garden AG Inc), Security Agreement (Ronco Corp), Security Agreement (Global Casinos Inc)

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Execution on Collateral. The Collateral or any portion thereof is taken on execution or other process of law in any action against Debtor; orlaw.

Appears in 10 contracts

Samples: Loan Agreement (Karts International Inc), Loan Agreement (Oryx Technology Corp), Note Purchase Agreement (Obsidian Enterprises Inc)

Execution on Collateral. The Collateral or any portion thereof is ----------------------- taken on execution or other process of law in any action against Debtor; or

Appears in 3 contracts

Samples: Credit Agreement (Data Return Corp), Security Agreement (Us Home Systems Inc /Tx), Pledge Agreement (Aviation Group Inc)

Execution on Collateral. The Collateral or any portion thereof is taken on execution or other process of law in any action against DebtorBorrower; or

Appears in 1 contract

Samples: Pledge Agreement (Diversified Corporate Resources Inc)

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Execution on Collateral. The Collateral or any portion thereof is taken on execution or other process of law in any action against DebtorGrantor or any attachment, sequestration or similar writ is levied upon any Collateral; or

Appears in 1 contract

Samples: Pledge and Security Agreement (Hallmark Financial Services Inc)

Execution on Collateral. The Collateral or any portion thereof is taken on execution or other process of law in any action against Debtor, in each case, to the extend that Debtor does not receive insurance proceeds and/or a condemnation award therefor; or

Appears in 1 contract

Samples: Security Agreement (Lm Funding America, Inc.)

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