Common use of Destruction of Collateral Clause in Contracts

Destruction of Collateral. Waste or destroy the collateral or use it in violation of any law, statute or ordinance.

Appears in 2 contracts

Samples: Credit Agreement (Mediconsult Com Inc), Credit Agreement (Andrx Corp /De/)

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Destruction of Collateral. Waste waste or destroy the collateral Collateral or use it ------------------------- in violation of any law, statute or ordinance.

Appears in 2 contracts

Samples: Loan and Security Agreement (Color Imaging Inc), Loan and Security Agreement (Color Imaging Inc)

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Destruction of Collateral. Waste or destroy the collateral Collateral or ------------------------- use it in violation of any law, statute or ordinance.

Appears in 1 contract

Samples: Loan and Security Agreement (Display Technologies Inc)

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