Common use of Security shortfall Clause in Contracts

Security shortfall. (a) If at any time the Security Value is less than the Minimum Value, the Agent may, and shall, if so directed by the Majority Lenders, by notice to the Borrower require that such deficiency be remedied. The Borrower shall then within 15 days of receipt of such notice ensure that the Security Value equals or exceeds the Minimum Value. For this purpose, the Borrower may:

Security shortfall. (a) If at any time the Security Value is less than the Minimum Value, the Agent may, and shall, if so directed by the Majority Lenders, Lender may by notice to the Borrower require that such deficiency be remedied. The Borrower shall then within 15 days of receipt of such notice ensure that the Security Value equals or exceeds the Minimum Value. For this purpose, the Borrower may:

Security shortfall. (a) If at any time the Security Value is less than the Minimum Value, the Agent may, and shall, if so directed by the Majority Lenders, by notice to the Borrower Borrowers require that such deficiency be remedied. The Borrower Borrowers shall then within 15 days 14 Business Days of receipt of such notice ensure that the Security Value equals or exceeds the Minimum Value. For this purpose, the Borrower Borrowers may:

Security shortfall. (a) If at any time the Security Value is less than the Minimum Value, the Agent may, and shall, if so directed by the Majority Lenders, by notice to the Borrower Borrowers require that such deficiency be remedied. The Borrower Borrowers shall then within 15 sixty (60) days of receipt of such notice ensure that the Security Value equals or exceeds is no less than the Minimum Value. For this purpose, the Borrower Borrowers may: