Common use of Uninsured Losses Clause in Contracts

Uninsured Losses. Any material loss, theft, damage or destruction of any of the Collateral not fully covered (subject to such deductibles as Agent shall have permitted) by insurance if the amount not covered by insurance exceeds $500,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Rhodes Inc)

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Uninsured Losses. Any material loss, theft, damage or ---------------- destruction of any of the Collateral not fully covered (subject to such deductibles as Agent shall have permitted) by insurance if the amount not covered by insurance exceeds $500,000250,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Gulf States Steel Inc /Al/)

Uninsured Losses. Any material loss, theft, damage or destruction of any of the Collateral not fully covered (subject to such deductibles as Agent shall have permitted) by insurance if insurance, or a sale, lease or encumbrance of any Collateral or the amount not covered making of a levy, seizure, or attachment thereof or thereon in excess of $1,000,000 except in all cases as may be specifically permitted by insurance exceeds $500,000other provisions of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (United Natural Foods Inc)

Uninsured Losses. Any material loss, theft, damage or destruction of any of the Collateral not fully covered (subject to such deductibles as Agent shall have permitted) by insurance if the amount not covered by insurance exceeds $500,0003,000,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Dixie Group Inc)

Uninsured Losses. Any material loss, theft, damage or destruction of any of the Collateral not fully covered (subject to such deductibles as Agent shall have permittedare currently in effect under the insurance policies referred to in Section 9.1.8) by insurance if (i) the amount not covered by insurance exceeds $500,0005,000,000 and (ii) Administrative Agent (at the direction of the Required Lenders) notifies Borrowers in writing of Administrative Agent’s election to treat such occurrence as an Event of Default.

Appears in 1 contract

Samples: Credit Agreement (Superior Essex Inc)

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Uninsured Losses. Any material loss, theft, damage or destruction of any of the Collateral (excluding Accounts) not fully covered (subject to such deductibles as Administrative Agent shall have permitted) by insurance if the amount not covered by insurance exceeds $500,0002,000,000. Material Adverse Effect. There shall occur any event or condition that has a Material Adverse Effect.

Appears in 1 contract

Samples: Credit and Security Agreement (PNA Group Holding CORP)

Uninsured Losses. Any material loss, theft, damage or destruction of any of the Collateral Property of Borrowers not fully covered (subject to such deductibles as Agent shall have permitted) by insurance if the amount not covered by insurance exceeds $500,000750,000 in the case of the Collateral or $5,000,000 in the case of all other Property.

Appears in 1 contract

Samples: Loan and Security Agreement (Danka Business Systems PLC)

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