Loss of Value of Collateral Sample Clauses

Loss of Value of Collateral. The Borrower agrees to immediately notify the Administrative Agent of any material loss or depreciation in the value of the Collateral or any portion thereof.
AutoNDA by SimpleDocs
Loss of Value of Collateral. Each Borrower agrees to immediately notify the Lender of any material loss or depreciation of over $50,000 in the value of the Collateral or any portion thereof.
Loss of Value of Collateral. Each Borrower shall immediately notify Agent of any loss or damage or destruction (other than ordinary wear and tear), in excess of $500,000 in the aggregate for all Borrowers in the value of the Collateral in any Fiscal Year.
Loss of Value of Collateral. Borrower shall immediately notify U.S. Bank of any material loss or decrease in the value of the Collateral.
Loss of Value of Collateral. The Borrower shall immediately notify the Agent of any material loss or depreciation in the value of the Collateral, other than loss or depreciation occurring in the ordinary course of the Borrower's business.
Loss of Value of Collateral. Each Obligor shall immediately notify Bank of any loss or depreciation in an amount in excess of $100,000 in the aggregate in the value of the Collateral promptly upon such Obligor’s obtaining knowledge thereof, other than loss or depreciation occurring in the Ordinary Course of Business.
Loss of Value of Collateral. The Guarantor shall immediately notify the Lender of any material loss or depreciation in the value of the Collateral.
AutoNDA by SimpleDocs
Loss of Value of Collateral. Debtor agrees to notify Agent promptly of any material loss or depreciation in the value of the Collateral, other than loss or depreciation occurring in the ordinary course of Debtor's business.
Loss of Value of Collateral. Debtor agrees to notify Secured Party promptly of any material loss or depreciation in the value of the Collateral, other than loss or depreciation occurring in the ordinary course of Debtor s business.
Loss of Value of Collateral. Borrower shall promptly notify --------------------------- Lender of any material loss or depreciation in the value of the Collateral.
Time is Money Join Law Insider Premium to draft better contracts faster.