Common use of Notice of Loss Clause in Contracts

Notice of Loss. The Grantor will promptly notify the Secured Party of any loss of or material damage to any material item of Collateral or of any substantial adverse change, known to Grantor, in any material item of Collateral or the prospect of payment or performance thereof.

Appears in 19 contracts

Samples: Transition Agreement (Metron Technology N V), Agreement and Plan of Merger (Guilford Pharmaceuticals Inc), Line of Credit Agreement (Mgi Pharma Inc)

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Notice of Loss. The Grantor will promptly notify the -------------- Secured Party of any loss of or material damage to any material item of Collateral or of any substantial adverse change, known to Grantor, in any material item of Collateral or the prospect of payment or performance thereof.

Appears in 6 contracts

Samples: Security Agreement (VDC Communications Inc), Security Agreement (Panther Transport Inc), Security Agreement (Omega Cabinets LTD)

Notice of Loss. The Grantor will promptly notify the Secured Party of any loss of or material damage to any material item of Collateral or of any substantial adverse change, known to the Grantor, in any material item of Collateral or the prospect of payment or performance thereof.

Appears in 5 contracts

Samples: Security and Pledge Agreement (Gold Torrent, Inc.), Security Agreement (Quantum Fuel Systems Technologies Worldwide Inc), Joinder Agreement (Dolan Media CO)

Notice of Loss. The Each Grantor will promptly notify the Secured Party of any loss of or material damage to any material item of Collateral or of any substantial adverse change, known to such Grantor, in any material item of Collateral or the prospect of payment or performance thereof.

Appears in 2 contracts

Samples: Credit Agreement (Dolan Media CO), Security Agreement (Quantum Fuel Systems Technologies Worldwide Inc)

Notice of Loss. The Grantor Grantors will promptly notify the Secured Party of any loss of or material damage to any material item of Collateral or of any substantial adverse change, known to GrantorGrantors, in any material item of Collateral or the prospect of payment or performance thereof.

Appears in 1 contract

Samples: Security Agreement (Poore Brothers Inc)

Notice of Loss. The Grantor will promptly notify the Secured -------------- Party of any loss of or material damage to any material item of Collateral or of any substantial adverse change, known to Grantor, in any material item of Collateral or the prospect of payment or performance thereof.

Appears in 1 contract

Samples: Security Agreement (Ns8 Corp)

Notice of Loss. The Grantor Grantors will promptly notify the Secured Party of any loss of or material damage to any material item of Collateral or of any substantial adverse change, known to any Grantor, in any material item of Collateral or the prospect of payment or performance thereof, in each case that would reasonably be expected to cause a Material Adverse Effect.

Appears in 1 contract

Samples: Pledge and Security Agreement (Gaming Partners International CORP)

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Notice of Loss. The Grantor will shall promptly notify the Secured Party of any loss of or material damage to any material item of Collateral or of any substantial adverse change, known to Grantor, in any material item of Collateral or the prospect of payment or performance thereof.

Appears in 1 contract

Samples: Security Agreement (Universal Electronics Inc)

Notice of Loss. The Grantor will promptly notify the Secured Party Parties of any loss of or material damage to any material item of Collateral or of any substantial adverse change, known to Grantor, in any material item of Collateral or the prospect of payment or performance thereof.

Appears in 1 contract

Samples: Security Agreement (Quantum Fuel Systems Technologies Worldwide Inc)

Notice of Loss. The Grantor Grantors will promptly notify the Secured Party of any loss of or material damage to any material item of Collateral or of any substantial adverse change, known to Grantorthe Grantors, in any material item of Collateral or the prospect of payment or performance thereof.

Appears in 1 contract

Samples: Security Agreement (Winmark Corp)

Notice of Loss. The Grantor Grantors will promptly notify the Secured Party of any loss of or material damage to any material item of Collateral or of any substantial adverse change, known to any Grantor, in any material item of Collateral or the prospect of payment or performance thereof.

Appears in 1 contract

Samples: Security Agreement (Sheldahl Inc)

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