Common use of Uninsured Loss Clause in Contracts

Uninsured Loss. A loss, theft, damage or destruction occurs with respect to any Collateral if the amount not covered by insurance exceeds the Threshold Amount; or

Appears in 8 contracts

Samples: Term Loan Credit Agreement (Purple Innovation, Inc.), Credit Agreement (Matrix Service Co), Credit Agreement (Twin Disc Inc)

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Uninsured Loss. A loss, theft, damage or destruction occurs with respect to any Collateral if the amount not covered by insurance exceeds the Threshold Amount$250,000; or

Appears in 4 contracts

Samples: Credit and Security Agreement (Katy Industries Inc), Credit and Security Agreement (Katy Industries Inc), Credit and Security Agreement (Katy Industries Inc)

Uninsured Loss. A loss, theft, damage or destruction occurs with respect to any Collateral if the amount not covered by insurance exceeds the Threshold Amount$4,000,000; or

Appears in 2 contracts

Samples: Assignment and Assumption (Landec Corp \Ca\), Credit Agreement (Lifecore Biomedical, Inc. \De\)

Uninsured Loss. A loss, theft, damage or destruction occurs with respect to any Collateral if the amount not covered by insurance exceeds the Threshold Amount; or

Appears in 2 contracts

Samples: Loan and Security Agreement (Kalera Public LTD Co), Credit and Security Agreement (Mfri Inc)

Uninsured Loss. A An uninsured loss, theft, damage or destruction occurs with respect to any Collateral if the amount not covered by insurance exceeds the Threshold Amountand such uninsured loss, theft, damage or destruction could reasonably be excepted to have or result in a Material Adverse Effect; or

Appears in 1 contract

Samples: Credit Agreement (StarTek, Inc.)

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Uninsured Loss. A loss, theft, damage or destruction occurs with respect to any Collateral if the amount not covered by insurance exceeds the Threshold Amount$4,000,000; oror (n)

Appears in 1 contract

Samples: Credit Agreement (Lifecore Biomedical, Inc. \De\)

Uninsured Loss. A loss, theft, damage or destruction occurs with respect to any Collateral if the amount not covered by insurance exceeds the Threshold Amount$1,000,000; or

Appears in 1 contract

Samples: Credit Agreement (Ferroglobe PLC)

Uninsured Loss. A loss, theft, damage or destruction occurs with respect to any Collateral if the amount not covered by insurance exceeds the Threshold Amount; oror 104

Appears in 1 contract

Samples: Credit Agreement (Rush Enterprises Inc \Tx\)

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