Common use of Loss of Collateral Clause in Contracts

Loss of Collateral. The loss, theft, damage or destruction of, or (except as permitted hereby (including the sale of the Exited Business Assets) or permitted by the Security Agreement) the sale, lease or furnishing under a contract of service of, any of the Collateral except for any loss, theft, damage or destruction that could not reasonably be expected to have a Material Adverse Effect on Borrower or Borrower and its Subsidiaries taken as a whole.

Appears in 3 contracts

Samples: Loan and Security Agreement (Apac Customer Service Inc), Loan and Security Agreement (Apac Customer Service Inc), Loan and Security Agreement (Apac Customer Service Inc)

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Loss of Collateral. The loss, theft, damage or destruction of, of or (except as permitted hereby (including the sale of the Exited Business Assetshereby) or permitted by the Security Agreement) the sale, lease or furnishing under a contract of service of, of any of the Collateral except for any loss, theft, damage or destruction that could not reasonably be expected to have a Material Adverse Effect on Borrower or Borrower and its Subsidiaries taken as a wholeCollateral.

Appears in 1 contract

Samples: Loan and Security Agreement (American Church Mortgage Co)

Loss of Collateral. The loss, theft, damage or destruction of, or (except as permitted hereby (including the sale of the Exited Business Assets) ), or as permitted by the Security Agreement) the sale, lease or furnishing under a contract of service of, of any of the Collateral except for any loss, theft, theft damage or destruction that could not reasonably be expected to have a Material Adverse Effect on Borrower or Borrower and its Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Loan and Security Agreement (Apac Customer Service Inc)

Loss of Collateral. The loss, theft, damage or destruction of, or (except as permitted hereby (including the sale of the Exited Business Assets) or permitted by the Security Agreement) the sale, lease or furnishing under a contract of service of, any of the Collateral except for any loss, theft, damage or destruction that could not reasonably be expected to have a Material Adverse Effect on Borrower or Borrower and its Subsidiaries taken as a whole.

Appears in 1 contract

Samples: Loan and Security Agreement (Apac Customer Service Inc)

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Loss of Collateral. The loss, theft, damage or destruction of, or (except as permitted hereby (including the sale of the Exited Business Assetshereby) or permitted by the Security Agreement) the sale, lease or furnishing under a contract of service of, any portion of the Collateral except for any loss, theft, damage or destruction that could not reasonably be expected to have with a Material Adverse Effect on Borrower or Borrower and its Subsidiaries taken as a wholevalue in excess of $100,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Easy Gardener Products LTD)

Loss of Collateral. The loss, theft, damage or destruction of, or (except as permitted hereby (including the sale of the Exited Business Assetshereby) or permitted by the Security Agreement) the sale, lease or furnishing under a contract of service of, any of the Collateral except for any loss, theft, damage or destruction that could not reasonably be expected to have a Material Adverse Effect on Borrower or Borrower and its Subsidiaries taken as a wholeCollateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Infinity Inc)

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