Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 in the aggregate for all such events during any Fiscal Year, or (ii) except as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateral; or
Appears in 6 contracts
Samples: Loan and Security Agreement (Kaspien Holdings Inc.), Loan and Security Agreement (Kaspien Holdings Inc.), Loan and Security Agreement (Kaspien Holdings Inc.)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 100,000 in excess of insurance in the aggregate for all such events during any Fiscal Yearyear of the Term as determined by Lender in its reasonable discretion determined in good faith, or (ii) except as permitted hereby, the ) sale, lease or furnishing under a contract of service of, any of the Collateral; or.
Appears in 5 contracts
Samples: Loan and Security Agreement (Crdentia Corp), Loan and Security Agreement (Crdentia Corp), Loan and Security Agreement (Crdentia Corp)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral, (ii) the insured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 100,000 in the aggregate for all such events during any Fiscal Year, or (iiiii) except as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateral; or.
Appears in 5 contracts
Samples: Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.)
Loss of Collateral. The There occurs any (i) uninsured loss, theft, damage or destruction of or to any material portion of the Collateral in an amount in excess of $250,000 in the aggregate for all such events during any Fiscal YearCollateral, or (iii) except as sale (other than sales in the ordinary course of business or otherwise permitted hereby, the sale, lease or furnishing under a contract hereunder) of service of, any material portion of the Collateral; or
Appears in 2 contracts
Samples: Credit Agreement (Iparty Corp), Credit Agreement (Iparty Corp)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral, (ii) the insured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 100,000 in the aggregate for all such events during any Fiscal Year, or (iiiii) except as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateral; or;
Appears in 2 contracts
Samples: Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral (other than returned products destroyed by Borrowers in the Ordinary Course of Business), (ii) the insured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 in the aggregate for all such events during any Fiscal Year, or (iiiii) except as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateral; or.
Appears in 2 contracts
Samples: Loan and Security Agreement (Aytu Biopharma, Inc), Loan and Security Agreement (Aytu Biopharma, Inc)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral, (ii) the uninsured loss, theft, damage or destruction of any of the ABL Priority Collateral in an amount in excess of $250,000 in the aggregate for all such events during any Fiscal Year, or (iiiii) except as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the ABL Priority Collateral; or.
Appears in 2 contracts
Samples: Loan and Security Agreement (Hydrofarm Holdings Group, Inc.), Loan and Security Agreement (Hydrofarm Holdings Group, Inc.)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 1,000,000.00 in the aggregate for all such events during any Fiscal YearYear as determined by Administrative Agent in its sole discretion determined in good faith, or (ii) except as permitted hereby, ) the sale, lease or furnishing under a contract of service of, any of the Collateral; or.
Appears in 2 contracts
Samples: Loan and Security Agreement (S&W Seed Co), Loan and Security Agreement (S&W Seed Co)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral not covered by insurance in an amount in excess of $250,000 1,000,000 in the aggregate for all such events during any Fiscal Year, or (ii) except Year as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateral; ordetermined by Administrative Agent in its sole discretion exercised in good faith.
Appears in 2 contracts
Samples: Loan and Security Agreement (WESTMORELAND COAL Co), Loan and Security Agreement (WESTMORELAND COAL Co)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 1,000,000 in the aggregate for all such events during any Fiscal Year, or (ii) except as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateral; or
Appears in 2 contracts
Samples: Loan and Security Agreement (Horizon Global Corp), Loan and Security Agreement (Horizon Global Corp)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 100,000.00 in the aggregate for all such events during any Fiscal Yearyear of the Original Term or any Renewal Term as determined by Agent in its sole discretion, or (ii) except as permitted hereby, the ) sale, lease or furnishing under a contract of service of, any of the Collateral; or.
Appears in 2 contracts
Samples: Loan and Security Agreement (Amcon Distributing Co), Loan and Security Agreement (Amcon Distributing Co)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 25,000.00 in the aggregate for all such events during any Fiscal Yearyear of the Original Term as determined by Lender in its sole discretion determined in good faith, or (ii) except as permitted hereby, the ) sale, lease or furnishing under a contract of service of, any of the Collateral; or.
Appears in 1 contract
Samples: Loan and Security Agreement (Obsidian Enterprises Inc)
Loss of Collateral. The (i) The uninsured loss, theft, damage or destruction of any of the Collateral, or (ii) the insured loss, theft, damage or destruction of any of the Collateral in an amount in excess of One Hundred Thousand and No/100 Dollars ($250,000 100,000.00) in the aggregate for all such events during any Fiscal Year, or (ii) except year as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateraldetermined by Lender in its sole discretion consistently applied; or
Appears in 1 contract
Samples: Credit and Security Agreement (Clark Holdings Inc.)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 100,000 in the aggregate for all such events during any Fiscal Year, or (ii) except year as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateraldetermined by Lender in its sole discretion; or
Appears in 1 contract
Samples: Credit and Security Agreement (Mendocino Brewing Co Inc)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 in the aggregate for all such events during any Fiscal Year, or (iiiii) except as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateral; or
Appears in 1 contract
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 for any single instance or $500,000 in the aggregate for all such events aggregate, during any Fiscal Year, or (ii) except as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateral; or.
Appears in 1 contract
Samples: Loan and Security Agreement (Broadwind Energy, Inc.)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 25,000 in the aggregate for all such events during any Fiscal Yearyear of the Original Term or any Renewal Term as determined by Lender in its sole discretion determined in good faith, or (ii) except as permitted hereby, ) the sale, lease or furnishing under a contract of service of, of any of the Collateral; or.
Appears in 1 contract
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 for any single instance or $500,000 in the aggregate for all such events during any Fiscal Year, or (ii) except as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateral; or.
Appears in 1 contract
Samples: Loan and Security Agreement (Broadwind Energy, Inc.)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral (other than returned products destroyed by Borrowers in the Ordinary Course of Business), (ii) the insured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 in the aggregate for all such events during any Fiscal Year, or (iiiii) except as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateral; or. (r)
Appears in 1 contract
Samples: Loan and Security Agreement (Neos Therapeutics, Inc.)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 100,000.00 in the aggregate for all such events during any Fiscal Yearyear of the Original Term as determined by Agent in its sole discretion, or (ii) except as permitted hereby, the ) sale, lease or furnishing under a contract of service of, any of the Collateral; or.
Appears in 1 contract
Samples: Loan and Security Agreement (Amcon Distributing Co)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of, or (except as permitted hereby) sale, lease or furnishing under a contract of service other than in the ordinary course of Borrower’s business of, any of the Collateral in an amount having a value in excess of $250,000 in the aggregate for all such events during any Fiscal Year, or (ii) except as permitted hereby, year during the sale, lease or furnishing under a contract of service of, any of the Collateral; orterm hereof.
Appears in 1 contract
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral, (ii) the insured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 120,000 in the aggregate for all such events during any Fiscal Year, or (iiiii) except as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateral; or.
Appears in 1 contract
Samples: Loan and Security Agreement (Rubicon Technologies, Inc.)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of, or (except as permitted hereby) sale, lease or furnishing under a contract of service other than in the ordinary course of Borrower’s business of, any of the Collateral in an amount having a value in excess of $250,000 in the aggregate for all such events during any Fiscal Year, or (ii) except as permitted hereby, year prior to the sale, lease or furnishing under a contract of service of, any of the Collateral; orMaturity Date.
Appears in 1 contract
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 in the aggregate for all such events during any Fiscal Yearof, or (ii) except as permitted hereby, the ) sale, lease or furnishing under a contract of service of, any of the Collateral; orCollateral in an amount in excess of $500,000.
Appears in 1 contract
Samples: Loan and Security Agreement (Polyair Inter Pack Inc)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral (not paid or fully covered by insurance as to which the relevant insurance company has acknowledged coverage) in an amount in excess of $250,000 1,000,000 in the aggregate for all such events during any Fiscal Yearyear of the Original Term or any Renewal Term as determined by Lender in its sole discretion determined in good faith, or (ii) except as permitted hereby, the ) sale, lease or furnishing under a contract of service of, any of the Collateral; or.
Appears in 1 contract
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in with an amount aggregate value in excess of $250,000 50,000 in the aggregate for all such events during any Fiscal YearYear as determined by Agent in its sole discretion determined in good faith, or (ii) except as permitted hereby, ) the sale, lease or furnishing under a contract of service of, any of the Collateral; or;
Appears in 1 contract
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 in the aggregate for all such events during any Fiscal Yearof, or (ii) except as permitted hereby, the ) sale, lease or furnishing under a contract of service of, any of the Collateral; orCollateral (other than (i) loss, theft, damage or destruction that is fully insured, and (ii) uninsured loss, theft, damage or destruction not exceeding One Hundred Thousand and No/100 Dollars ($100,000.00) in the aggregate).
Appears in 1 contract
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 100,000.00 in the aggregate for all such events during any Fiscal Yearyear of the Original Term or any Renewal Term as determined by Lender in its sole discretion determined in good faith, or (ii) except as permitted hereby, the ) sale, lease or furnishing under a contract of service of, any of the Collateral; or.
Appears in 1 contract
Samples: Loan and Security Agreement (Novitron International Inc)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral, (ii) the insured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 100,000 in the aggregate for all such events during any Fiscal Year, or (iiiii) except as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateral; or.;
Appears in 1 contract
Samples: Loan and Security Agreement (Rubicon Technologies, Inc.)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 500,000 in the aggregate for all such events during any Fiscal Year, or (ii) except as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateral; or
Appears in 1 contract
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 in the aggregate for all such events during any Fiscal Yearof, or (ii) except as permitted hereby, the ) sale, lease or furnishing under a contract of service of, any of the Collateral; orCollateral in excess of $100,000 in the aggregate during the term hereof.
Appears in 1 contract
Samples: Loan and Security Agreement (Gibraltar Packaging Group Inc)
Loss of Collateral. The (i) uninsured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 100,000 in the aggregate (except to the extent covered by insurance pursuant to which the insurer has not denied coverage) for all such events during any Fiscal YearYear as determined by Lender in its sole discretion determined in good faith, or (ii) except as permitted hereby, ) the sale, lease or furnishing under a contract of service of, any of the Collateral; or;
Appears in 1 contract
Samples: Loan and Security Agreement (Hightimes Holding Corp.)
Loss of Collateral. The (i) The uninsured loss, theft, damage or destruction of any of the Collateral, or (ii) the insured loss, theft, damage or destruction of any of the Collateral in an amount in excess of $250,000 100,000 in the aggregate for all such events during any Fiscal Year, or (ii) except year as permitted hereby, the sale, lease or furnishing under a contract of service of, any of the Collateraldetermined by Lender in its sole discretion; or
Appears in 1 contract