Common use of Collateral Requirement Clause in Contracts

Collateral Requirement. Borrower shall comply with the Collateral Requirement in all respects, and shall promptly notify Administrative Agent as soon as it has knowledge or reasonable belief that the value of any Collateral has been or may be materially impaired.

Appears in 4 contracts

Samples: Loan Agreement (Asac Ii Lp), Loan Agreement (Asac Ii Lp), Loan Agreement (Asac Ii Lp)

AutoNDA by SimpleDocs

Collateral Requirement. Borrower shall comply with the Collateral Requirement and Share Segregation Condition in all respects, and shall promptly notify Administrative Agent as soon as it has knowledge or reasonable belief that the value of any Collateral has been or may be materially impaired and/or knowledge that any Lien under the Facility Documents with respect to any Collateral has been or may be or will become materially impaired.

Appears in 2 contracts

Samples: Pledge Agreement (Golar LNG LTD), Loan Agreement (Golar LNG LTD)

AutoNDA by SimpleDocs

Collateral Requirement. Borrower shall comply with the Collateral Requirement in all respects, and shall promptly notify Administrative Agent as soon as it a Responsible Officer of Borrower has knowledge or reasonable belief that the value of any Collateral (to the extent not reflected in the quoted price for Pledged Shares or Cash Equivalents Collateral) has been or may be materially impaired.

Appears in 1 contract

Samples: Assignment and Assumption (Goldman Sachs MLP Income Opportunities Fund)

Time is Money Join Law Insider Premium to draft better contracts faster.