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.
Appears in 4 contracts
Samples: Term Loan and Security Agreement (Summit Healthcare REIT, Inc), Term Loan and Security Agreement (Summit Healthcare REIT, Inc), Term Loan and Security Agreement (Summit Healthcare REIT, Inc)
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.
Appears in 2 contracts
Samples: Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.)
Loss of Value of Collateral. Each Borrower agrees to immediately notify the Lender Agent of any material loss or depreciation impairment of over $50,000 250,000 in the value of the Collateral or any portion thereof.
Appears in 2 contracts
Samples: Subordinated Term Loan and Security Agreement (Summit Healthcare REIT, Inc), Term Loan and Security Agreement (Summit Healthcare REIT, Inc)
Loss of Value of Collateral. Each The 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.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Cornerstone Core Properties REIT, Inc.)
Loss of Value of Collateral. Each Borrower agrees to immediately notify the Lender Agent of any material loss or depreciation impairment of over $50,000 250,000 in the value of the Collateral or any portion thereof.
Appears in 1 contract
Samples: Mezzanine Term Loan and Security Agreement (Summit Healthcare REIT, Inc)
Loss of Value of Collateral. Each The Borrower agrees to immediately notify the Lender of any material loss or depreciation of over $50,000 100,000 in the value of the Collateral or any portion thereof.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Summit Healthcare REIT, Inc)
Loss of Value of Collateral. Each Borrower agrees to shall immediately notify the Lender of any material loss or depreciation of over $50,000 depreciation, in the value of the Collateral or any portion thereofCollateral, taken as a whole.
Appears in 1 contract
Samples: Loan and Security Agreement (Allied Products Corp /De/)
