Uninsured Losses; Unauthorized Dispositions. There shall occur any material loss, theft, damage or destruction not fully covered by insurance (as required by this Agreement and subject to such deductibles as Lender shall have agreed to in writing), or any sale, lease or encumbrance of any of the Collateral or the making of any levy, seizure, or attachment thereof or thereon, except as may be specifically permitted by other provisions of this Agreement.
Appears in 6 contracts
Samples: Loan and Security Agreement (Elandia, Inc.), Debtor in Possession Credit Agreement (Peregrine Systems Inc), Revolving Credit Agreement (Datatec Systems Inc)
Uninsured Losses; Unauthorized Dispositions. There shall occur any Any material loss, theft, damage or destruction not fully covered by insurance (as required by this Agreement and subject to such deductibles as Lender Bank shall have agreed to in writing), or any sale, lease or encumbrance of any of the Collateral or the making of any levy, seizure, or attachment thereof or thereon, thereon except in all cases as may be specifically permitted by other provisions of this Agreement.; or
Appears in 3 contracts
Samples: Loan and Security Agreement (Petmed Express Inc), Loan and Security Agreement (Color Imaging Inc), Loan and Security Agreement (Color Imaging Inc)
Uninsured Losses; Unauthorized Dispositions. There shall occur any Any material loss, theft, damage or destruction not fully covered by insurance (as required by this Loan Agreement and subject to such deductibles as Lender shall have agreed to in writing), or any sale, lease or encumbrance of any of the Collateral or the making of any levy, seizure, or attachment thereof or thereon, thereon except in all cases as may be specifically permitted by other provisions of this Agreement.
Appears in 3 contracts
Samples: Term Loan Agreement (Aemetis, Inc), Construction & Term Loan Agreement (Aemetis, Inc), Construction Loan Agreement (Aemetis, Inc)
Uninsured Losses; Unauthorized Dispositions. There shall ------------------------------------------- occur any material loss, theft, damage or destruction not fully covered by insurance (as required by this Agreement and subject to such deductibles as Lender Agent shall have agreed to in writing), or any sale, lease or encumbrance of any of the Collateral or the making of any levy, seizure, or attachment thereof or thereon, except as may be specifically permitted by other provisions of this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Gulf States Steel Inc /Al/)
Uninsured Losses; Unauthorized Dispositions. There shall occur any Any material loss, theft, damage or destruction not fully covered by insurance (as required by this Agreement Agreement, or the other Loan Documents, and subject to such deductibles as Lender shall have agreed to in writing), or any sale, lease or encumbrance of any of the Collateral Property or the making of any levy, seizure, or attachment thereof or thereon, thereon except in all cases as may be specifically permitted by other provisions of this Agreement.; or
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Uninsured Losses; Unauthorized Dispositions. There shall occur any Any material loss, theft, damage or destruction not fully covered by insurance (as required by this Agreement and subject to such deductibles as Lender shall have agreed to in writing), or any sale, lease or encumbrance of any of the Collateral or the making of any levy, seizure, or attachment thereof or thereon, thereon except in all cases as may be specifically permitted by other provisions of this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Franklin Ophthalmic Instruments Co Inc)
Uninsured Losses; Unauthorized Dispositions. There shall occur any Any material loss, theft, damage or destruction not fully covered by insurance (as required by this Loan Agreement and subject to such deductibles as Lender shall have agreed to in writing), or any sale, lease or encumbrance of any of the Collateral or the making of any levy, seizure, or attachment thereof or thereon, thereon except in all cases as may be specifically permitted by other provisions of this Agreement.;
Appears in 1 contract
Samples: Loan Agreement (Dixie Group Inc)
Uninsured Losses; Unauthorized Dispositions. There shall occur any material loss, theft, damage or destruction not fully covered by insurance (as required by this Agreement and subject to such deductibles as Lender Lenders shall have agreed to in writing), or any sale, lease or encumbrance of any of the Collateral or the making of any levy, seizure, or attachment thereof or thereon, thereon except in all cases as may be specifically permitted by other provisions of this Agreement.; or
Appears in 1 contract
Samples: Loan and Security Agreement (Comtech Telecommunications Corp /De/)
Uninsured Losses; Unauthorized Dispositions. There shall occur any Any material loss, theft, damage or destruction not fully covered by insurance (as required by this Loan Agreement and subject to such deductibles as Lender shall have agreed to in writing), or any sale, lease or encumbrance of any of the Collateral or the making of any levy, seizure, or attachment thereof or thereon, thereon except in all cases as may be specifically permitted by other provisions of this Agreement.; or
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Uninsured Losses; Unauthorized Dispositions. There shall occur any material Any loss, theft, damage or destruction involving $500,000 or more not fully covered by insurance (as to the extent required by this Agreement and subject to such deductibles as Lender shall have agreed to in writingAgreement), or any sale, lease or encumbrance of any of the Collateral by Borrower or the making of any levy, seizure, or attachment thereof or thereon, thereon except in all cases as may be specifically permitted by other provisions of to this Agreement.
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