Common use of Defective Collateralization Clause in Contracts

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 208 contracts

Sources: Business Loan Agreement (Heritage Global Inc.), Commercial Security Agreement (Heritage Global Inc.), Business Loan Agreement (LFTD Partners Inc.)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document documents to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 29 contracts

Sources: Bond Trust Indenture and Security Agreement, Bond Trust Indenture and Security Agreement, Security Agreement

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document Related Documents to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 6 contracts

Sources: Commercial Security Agreement (Charge Enterprises, Inc.), Commercial Security Agreement (Electronic Control Security Inc), Commercial Pledge Agreement (Pacifichealth Laboratories Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reasonreason (other than as a result of termination in accordance with such agreement’s or document’s terms).

Appears in 5 contracts

Sources: Business Loan Agreement (Hancock Park Corporate Income, Inc.), Business Loan Agreement (OFS Capital Corp), Business Loan Agreement (Hancock Park Corporate Income, Inc.)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at ant any time and for any reason.

Appears in 4 contracts

Sources: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (Asset Based) (TSS, Inc.), Business Loan Agreement (TSS, Inc.)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document Security Agreement to create a valid valid, senior and perfected security interest or lienSecurity Interest) at any time and for any reason.

Appears in 3 contracts

Sources: Business Loan Agreement, Business Loan Agreement (Basin Water, Inc.), Commercial Security Agreement (Basin Water, Inc.)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document the Security Agreement to create a valid and perfected security interest or lienSecurity Interest) at any time and for any reason.

Appears in 3 contracts

Sources: Subordinated Loan Agreement (Teraforce Technology Corp), Loan Agreement (Teraforce Technology Corp), Loan Agreement (Teraforce Technology Corp)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason, other than due to the acts or omissions of Lender.

Appears in 2 contracts

Sources: Business Loan Agreement (Deja Foods Inc), Business Loan Agreement (Deja Foods Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be be, in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 2 contracts

Sources: Commercial Security Agreement (Surge Components Inc), Commercial Security Agreement (Surge Components Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (effect, including failure of any collateral document to create a valid and perfected security interest or lien) line, at any time and for any reason.;

Appears in 2 contracts

Sources: Subscription Agreement (IDdriven, Inc.), Intellectual Property Security Agreement (IDdriven, Inc.)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including Including failure of any collateral document to create a valid and perfected security interest Interest or lien) at any time and for any reason.

Appears in 2 contracts

Sources: Commercial Pledge Agreement (CASI Pharmaceuticals, Inc.), Commercial Security Agreement (Labwire Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest Security Interest or lien) at any time and for any reason.

Appears in 2 contracts

Sources: Business Loan and Security Agreement (Iridex Corp), Business Loan Agreement (Advanced Life Sciences Holdings, Inc.)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document document) to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 2 contracts

Sources: Loan Agreement (Windsortech Inc), Loan Agreement (Windsortech Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral Collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 2 contracts

Sources: Commercial Security Agreement (Miscor Group, Ltd.), Commercial Security Agreement (Miscor Group, Ltd.)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document documents to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 2 contracts

Sources: Security Agreement (Liberty Group Holdings Inc), Security Agreement (Liberty Group Holdings Inc)

Defective Collateralization. This Security Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 2 contracts

Sources: Security Agreement (Heron Lake BioEnergy, LLC), Security Agreement (Heron Lake BioEnergy, LLC)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including Including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 2 contracts

Sources: Commercial Security Agreement (Unilens Vision Inc), Commercial Security Agreement (Microhelix Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reasonreason other than as a result of ▇▇▇▇▇▇’s actions or inactions.

Appears in 2 contracts

Sources: Business Loan Agreement (Rubios Restaurants Inc), Business Loan Agreement (Rubios Restaurants Inc)

Defective Collateralization. This The Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Commercial Pledge Agreement (AeroGrow International, Inc.)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect affect (including failure of any collateral document documents to create a valid and perfected security interest internet or lien) at any time and for any reason.

Appears in 1 contract

Sources: Business Loan Agreement (First Light Bancorp)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document documents to create a valid and perfected security interest or lien) at any time and for any reasontime.

Appears in 1 contract

Sources: Commercial Security Agreement (Techdyne Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any arty collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Commercial Security Agreement (Arts Way Manufacturing Co Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason. Insecurity. Lender in good faith believes itself insecure.

Appears in 1 contract

Sources: Business Loan Agreement (Flotek Industries Inc/Cn/)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document documents to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Loan Agreement (Autoweb Com Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest laws by or lien) at any time and for any reasonagainst Borrower.

Appears in 1 contract

Sources: Business Loan Agreement (BayFirst Financial Corp.)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Commercial Security Agreement (Arts Way Manufacturing Co Inc)

Defective Collateralization. This Security Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lienlien as intended) at any time and for any reason, other than by reason of actions or failures to act of the Lenders or the Collateral Agent.

Appears in 1 contract

Sources: Security Agreement (Appliedtheory Corp)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Loan Agreement (Chromavision Medical Systems Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and or effect (including failure of any collateral document Security Agreement to create a valid and perfected security interest or lienSecurity Interest) at any time and for any reason.

Appears in 1 contract

Sources: Business Loan Agreement (New America Network Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Loan Agreement (Petmed Express Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Purchase and Sale Agreement

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest Interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Commercial Security Agreement (Eaco Corp)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document Security Agreement to create a valid and perfected security interest or lienSecurity Interest) at any time and for any reason.. 15

Appears in 1 contract

Sources: Loan Agreement (Phillips R H Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create crate a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Commercial Pledge Agreement (Wellington Hall LTD)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full --------------------------- force and effect (including failure of any collateral document documents to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Loan and Security Agreement (Symphonix Devices Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in In full force and effect (including failure of any collateral document documents to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Commercial Security Agreement (Boatracs Inc /Ca/)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest (or lien) at any time and for any reason.

Appears in 1 contract

Sources: Commercial Pledge and Security Agreement (Bj Chicago LLC)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for far any reason.

Appears in 1 contract

Sources: Commercial Security Agreement (Adcare Health Systems, Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect affect (including failure of any collateral document documents to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Commercial Security Agreement (Vermont Pure Holdings LTD)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect affect (including including, failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Aircraft Security Agreement (Asa International LTD)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document documents to create crate a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Disbursement Request and Authorization (Expresspoint Technology Systems Inc)

Defective Collateralization. This Agreement or any of the Related Documents Document ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Security Agreement (Loyaltypoint Inc)

Defective Collateralization. This Agreement or any of o’ the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a e valid and perfected security interest Interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Commercial Security Agreement (Labwire Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document Security Agreement to create a valid and perfected security interest or lienperfect Security Interest) at any time and for any reason.

Appears in 1 contract

Sources: Business Loan Agreement (Klein Engines & Competition Components Inc)

Defective Collateralization. This Agreement or any of o the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or of lien) at any time and for any reason.

Appears in 1 contract

Sources: Commercial Security Agreement (Obsidian Enterprises Inc)

Defective Collateralization. This Agreement or any of the Related related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Commercial Security Agreement (Ourpets Co)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document Security Agreement to create and maintain a valid and perfected first priority security interest or lienin the Collateral) at any time and for any reasonreason or if any of the Collateral shall be attached or distrained at any time pursuant to any court order or other legal process.

Appears in 1 contract

Sources: Loan Agreement (Freeman Joshua M)

Defective Collateralization. This Agreement agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document Security Agreement to create a valid and perfected security interest or lienSecurity interest) at any time and for any reason.

Appears in 1 contract

Sources: Business Loan Agreement (Medi Hut Co Inc)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of to any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Commercial Security Agreement (Dougherty's Pharmacy, Inc.)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest Interest or lien) at any time and for any reason. If such event occurs, Borrower and Lender will in a timely manner cure such defect.

Appears in 1 contract

Sources: Commercial Security Agreement (Willdan Group, Inc.)

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure of any collateral document to create a valid and perfected security interest or lienLien, with the priority purported to be granted thereunder) at any time and for any reason.

Appears in 1 contract

Sources: Equity and Business Loan Agreement (NKGen Biotech, Inc.)

Defective Collateralization. This Agreement or any of the Related Documents ceases ceased to be in full force and effect (including failure of any collateral document documents to create a valid and perfected security interest or lien) at any time and for any reason.

Appears in 1 contract

Sources: Business Loan Agreement (Petmed Express Inc)