Common use of Depreciation of Security Clause in Contracts

Depreciation of Security. If the property given as security for the loan depreciates in value to such an extent that in the opinion of Bank further security to the satisfaction of BANK should be given and such security is not provided by the Borrower in spite of being called upon to do so.

Depreciation of Security. If any property/properties on which the property given as security for the loan is created depreciates in value to such an extent that in the opinion of the Bank further / additional security to the satisfaction of BANK should be given and if such security is not provided given by the Borrower in spite of being called upon to do soBorrower(s).

Depreciation of Security. If any Property on which the property given as security Security for the loan Loan is created depreciates in value to such an extent that in the opinion of Bank the Lender further security to the satisfaction of BANK Security should be given and such security Security is not provided by the Borrower in spite of being called upon to do so.given on written demand;

Depreciation of Security. If the property given as security for the loan depreciates in value to such an extent that in the opinion of the Bank further security to the satisfaction of BANK the Bank should be given and such security is not provided by the Borrower in spite given, inspite of being called upon to do so.

Depreciation of Security. If any Property on which the property given as security for the loan Loan is created depreciates in value to such an extent that in the opinion of the Non-Bank Financial Institution further security to the satisfaction of BANK should be given and such security is not provided by the Borrower in spite of being called upon to do sogiven.