Common use of Diminished Value Clause in Contracts

Diminished Value. If the Collateral is subject to any uninsured loss, theft, damage or destruction to the Collateral which materially and substantially diminishes the value of the Collateral.

Appears in 5 contracts

Sources: Security Agreement (Caldera International Inc/Ut), Security Agreement (Caldera International Inc/Ut), Security Agreement (Caldera International Inc/Ut)

Diminished Value. If the Collateral is subject to any ---------------- uninsured loss, theft, damage or destruction to the Collateral which materially and substantially diminishes the value of the Collateral.

Appears in 1 contract

Sources: Security Agreement (Tarantella Inc)