Additional or Substitute Collateral. In case of a decline in the market value of the Secured Property, or any part thereof, IDED may require that additional or substitute collateral of quality and value satisfactory to IDED be pledged as Secured Property for this Award. The Business shall provide such additional or substitute collateral Secured Property within 20 days of the date of the request for additional or substitute collateral to secure this Award in an amount equal to or greater than the amount of outstanding Award funds.
Appears in 5 contracts
Samples: Master Contract (Newlink Genetics Corp), Funding Agreement (Homeland Energy Solutions LLC), Master Contract (East Fork Biodiesel, LLC)
