Common use of Loss of Value of Collateral Clause in Contracts

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.

Appears in 12 contracts

Samples: Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.)

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Loss of Value of Collateral. The Borrower agrees to immediately notify the Administrative Agent Lender of any material loss or depreciation in the value of the Collateral or any portion thereof.

Appears in 5 contracts

Samples: Loan and Security Agreement (Advocat Inc), Loan and Security Agreement (Advocat Inc), Loan and Security Agreement (Tandem Health Care, Inc.)

Loss of Value of Collateral. The Borrower agrees to shall immediately notify the Administrative Agent of any material loss or depreciation decrease in the value of the Collateral or any portion thereofCollateral.

Appears in 4 contracts

Samples: Loan and Security Agreement (Green Plains Renewable Energy, Inc.), Loan and Security Agreement (PSF Group Holdings Inc), Loan and Security Agreement (Premium Standard Farms, Inc.)

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.

Appears in 4 contracts

Samples: Term Loan and Security Agreement (Strawberry Fields REIT, Inc.), Term Loan and Security Agreement (Strawberry Fields REIT, Inc.), Term Loan and Security Agreement (Strawberry Fields REIT, Inc.)

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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.

Appears in 2 contracts

Samples: Loan and Security Agreement (ExamWorks Group, Inc.), Loan and Security Agreement (ExamWorks Group, Inc.)

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