Common use of Specific Collateral Clause in Contracts

Specific Collateral. To Grantor's knowledge, no portion, except as may have a de minimus value in light of the value of the Collateral taken as a whole, of the Collateral is or is proceeds or products of farm products, as-extracted collateral, health-care-insurance receivables or timber to be cut.

Appears in 2 contracts

Sources: Security Agreement (UA Granite Corp), Security Agreement (Stevia Corp)