Common use of Execution on Collateral Clause in Contracts

Execution on Collateral. The Collateral or any portion thereof is taken on execution or other process of law.

Appears in 10 contracts

Sources: Loan and Security Agreement (SLS International Inc), Loan Agreement (Karts International Inc), Pledge Agreement (Seair Group Inc)

Execution on Collateral. The Collateral or any portion thereof is taken on execution or other process of law.law in any action against Grantor; or

Appears in 4 contracts

Sources: Pledge and Security Agreement (Rush William M Rusty), Pledge and Security Agreement, Pledge and Security Agreement (CBTX, Inc.)

Execution on Collateral. The Collateral or any portion thereof is ----------------------- taken on execution or other process of law.law in any action against Debtor; or

Appears in 3 contracts

Sources: Credit Agreement (Data Return Corp), Security Agreement (Us Home Systems Inc /Tx), Pledge Agreement (Aviation Group Inc)

Execution on Collateral. The Collateral or any portion thereof is taken on execution or other process of law.law in any action against Grantor or any attachment, sequestration or similar writ is levied upon any Collateral; or

Appears in 1 contract

Sources: Credit Agreement (Hallmark Financial Services Inc)