Common use of Collateral Damage Clause in Contracts

Collateral Damage. If there shall occur any loss, damage, theft, destruction, levy, seizure, or attachment to, of, or upon any of the Collateral, including any attempt to accomplish the foregoing;

Collateral Damage. If there shall occur any loss, damage, theft, destruction, levy, seizure, or attachment to, of, or upon any material portion of the Collateral, including any attempt to accomplish the foregoing, and (1) in the case of any such loss, damage, theft or destruction, the same is not insured and (2) in the case of any such levy, seizure or attachment, the failure to have such levy, seizure or attachment vacated or stayed within 30 days.;