Collateral Impairment. The loss, theft or destruction of any Collateral, the occurrence of any material deterioration or impairment of any Collateral or any material decline or depreciation in the value or market price thereof (whether actual or reasonably anticipated), which causes any Collateral, in the sole opinion of MLBFS, to become unsatisfactory as to value or character; or any levy, attachment, seizure or confiscation of the Collateral which is not released within ten (10) Business Days.
Appears in 11 contracts
Samples: Loan and Security Agreement (Thanksgiving Coffee Co Inc), Loan and Security Agreement (Continucare Corp), Loan and Security Agreement (Derma Sciences Inc)
Collateral Impairment. The loss, theft or destruction of any Collateral, the occurrence of any material deterioration or impairment of any Collateral or any material decline or depreciation in the value or market price thereof (whether actual or reasonably anticipated), which causes any Collateral, in the sole opinion of MLBFS, to become unsatisfactory as to value or character; , or any levy, attachment, seizure or confiscation of the Collateral which is not released within ten (10) Business Days.. (j)
Appears in 1 contract
Samples: Loan and Security Agreement (Orbit International Corp)
