Notice of Diminution of Value Sample Clauses

Notice of Diminution of Value. Each Borrower shall give prompt notice to the Agent of any matter or event which has resulted in, or may result in, the diminution in excess of $100,000 in the value of any of its Collateral, except for any such diminution (i) in the value of any Receivables in the ordinary course of business or (ii) which has been appropriately reserved against, as reflected in financial statements previously delivered to the Agent and the Lenders pursuant to Article 10.
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Notice of Diminution of Value. Borrower and each Guarantor shall ----------------------------- give prompt notice to Lender of any matter or event which has resulted in, or may result in, the actual or potential diminution in excess of $200,000 in the value of any of the Collateral, except for any diminution in the value of any Receivables or Inventory in the ordinary course of business which has been appropriately reserved against, as reflected in the financial statements previously delivered to Lender pursuant to Article 9.
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Notice of Diminution of Value. The Borrowers shall give prompt notice to the Administrative Agent of any matter or event which has resulted in, or may result in, the diminution in excess of $1,000,000 in the value of any of its Collateral, except for any such diminution in the value of any Receivables or Inventory in the ordinary course of business which has been reflected in the most recent Borrowing Base Certificate delivered to the Administrative Agent or appropriately reserved against, as reflected in financial statements previously delivered to the Administrative Agent and the Lenders pursuant to ARTICLE 10.
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Notice of Diminution of Value. Styrochem Finland Oy ----------------------------- shall give prompt notice to the Agent of any matter or event which has resulted in, or may result in, the actual or potential diminution in value of any of its Collateral other than diminutions which are insignificant in amount.
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Notice of Diminution of Value. 51 6.11.6 Certification....................................................... 51 6.11.7
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Notice of Diminution of Value. At the time of delivery of each Compliance Certificate under SECTION 12.3 or, if earlier, with reasonable promptness, the Loan Parties shall notify Agent if any such Loan Party has knowledge of any matter or event which has resulted in, or may result in, the diminution in excess of $10,000,000 in the value of any of the Collateral, except for any such diminution in the value of any Receivables or Inventory in the ordinary course of business which has been appropriately reserved against, as reflected in financial statements previously delivered to Agent and the Lenders pursuant to ARTICLE 12.
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Notice of Diminution of Value. The Borrowers' Agent shall give prompt notice to the Agent of any matter or event which has resulted in, or may result in, the actual or potential diminution in excess of $150,000 in the value of any of the Collateral or any other collateral for the Secured Obligations, except for any diminution in the value of any Receivables or Inventory in the ordinary course of business which has been appropriately reserved against, as reflected in the financial statements previously delivered to the Lenders pursuant to ARTICLE 11.
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Notice of Diminution of Value. Borrower shall give prompt notice to the Agent of any matter or event which has resulted in the diminution in fair market value in excess of $500,000 in the aggregate in any month with respect to Inventory and any other Collateral (other than Real Estate leases), except for any such diminution in the value of any Accounts or Inventory in the ordinary course of business which has been appropriately reserved against, as reflected in financial statements previously delivered to the Agent and the Lenders pursuant to SECTION 6.1(L) or ARTICLE 10 and/or financial statements or reports otherwise permitted under this Agreement.
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Notice of Diminution of Value. EACH BORROWER SHALL GIVE PROMPT NOTICE TO THE AGENT OF ANY MATTER OR EVENT WHICH HAS RESULTED IN, OR MAY RESULT IN, THE DIMINUTION IN EXCESS OF $2,500,000 WITH RESPECT TO INVENTORY AND ANY OTHER COLLATERAL, EXCEPT FOR ANY SUCH DIMINUTION IN THE VALUE OF ANY ACCOUNTS OR INVENTORY IN THE ORDINARY COURSE OF BUSINESS WHICH HAS BEEN APPROPRIATELY RESERVED AGAINST, AS REFLECTED IN FINANCIAL 77 84 STATEMENTS PREVIOUSLY DELIVERED TO THE AGENT AND THE LENDERS PURSUANT TO Section 6.1(m) OR Article 10.
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Related to Notice of Diminution of Value

  • Determination of Value All computations of value shall be made by State Street Bank and Trust Company, on behalf of the Acquiring Fund and the Acquired Fund.

  • Determination of Values The Borrower will conduct reviews of the value to be assigned to each of its Portfolio Investments as follows:

  • Notification of Non-payment The Global Agent shall forthwith notify Freddie Mac by facsimile, e-mail or other rapid means of communication if it has not received the full amount for any payment due in respect of the Notes on the date such payment is due. The Global Agent shall have no liability, responsibility, duty or obligation to any Holder or beneficial owner of Notes to take any action against Issuer in the event that Issuer fails to make available funds sufficient to pay amounts due and payable and owing to any Holder on any Payment Date. The Global Agent shall give issuance instructions to DTC in accordance with DTC’s procedures.

  • Determination of Validity All questions as to the validity, form, eligibility (including time of receipt) and acceptance for payment of any tendered Shares pursuant to any of the procedures described above will be determined by Purchaser, in its sole discretion, whose determination will be final and binding on all parties. Purchaser reserves the absolute right to reject any or all tenders of any Shares determined by it not to be in proper form or if the acceptance for payment of, or payment for, such Shares may, in the opinion of Purchaser's counsel, be unlawful. Purchaser also reserves the absolute right, in its sole discretion, subject to the Merger Agreement, to waive any of the conditions of the Offer or any defect or irregularity in any tender with respect to Shares of any particular stockholder, whether or not similar defects or irregularities are waived in the case of other stockholders. No tender of Shares will be deemed to have been validly made until all defects and irregularities have been cured or waived. Purchaser's interpretation of the terms and conditions of the Offer (including the Letter of Transmittal and the instructions thereto) will be final and binding. None of Parent, Purchaser, the Dealer Manager, the Depositary, the Information Agent or any other person will be under any duty to give notification of any defects or irregularities in tenders or will incur any liability for failure to give any such notification. Binding Agreement. A tender of Shares pursuant to any of the procedures described above will constitute the tendering stockholder's acceptance of the terms and conditions of the Offer. Purchaser's acceptance for payment of Shares tendered pursuant to the Offer will constitute a binding agreement between the tendering stockholder and Purchaser upon the terms and subject to the conditions of the Offer. 4.

  • Business Tax Certificate Unless the City Treasurer determines in writing that a contractor is exempt from the payment of business tax, any contractor doing business with the City of San Diego is required to obtain a Business Tax Certificate (BTC) and to provide a copy of its BTC to the City before a Contract is executed.

  • Content of Notice The Plan Administrator shall provide written notice to every Claimant who is denied a claim for benefits which notice shall set forth the following:

  • Breach Notification a. In the event of a Breach of unsecured PHI or disclosure that compromises the privacy or security of PHI obtained from DSHS or involving DSHS clients, Business Associate will take all measures required by state or federal law.

  • Contents of Notice The notice of each Member meeting shall include a description of the purpose(s) for which the meeting is called. If a purpose of any Member meeting is to consider: (i) a proposed amendment to or restatement of the Articles requiring Member approval; (ii) a plan of merger or share exchange; (iii) the sale, lease, exchange or other disposition of all, or substantially all of the Company’s Property; (iv) the dissolution of the Company; or (v) removal of a Governor, then the notice must so state and must be accompanied, as applicable, by a copy or summary of the (1) amendment(s) to the Articles, (2) plan of merger or share exchange, (3) documents relating to the transaction for the disposition of all the Company’s property, and/or (4) plan and Articles of Dissolution.

  • Notification of Layoff A bargaining unit member to be laid off shall be notified, in writing, at least fifteen (15) work days prior to the effective date of layoff, except that when emergency funding situations exist, this notification period can be shortened. The notification shall include:

  • Independence from Material Breach Determination Except as set forth in Section X.D.1.c, these provisions for payment of Stipulated Penalties shall not affect or otherwise set a standard for OIG’s decision that CHSI has materially breached this CIA, which decision shall be made at OIG’s discretion and shall be governed by the provisions in Section X.D, below.

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