Common use of Depreciation of Security Clause in Contracts

Depreciation of Security. If there is any deterioration or impairment of any kind of the Security, or any part thereof or any decline or depreciation in the value or market price thereof (whether actual or reasonably anticipated), which causes the Security in the judgment of the Bank to become unsatisfactory as to character or value ;

Appears in 3 contracts

Samples: Overdraft Agreement, Overdraft Agreement, Overdraft Agreement

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Depreciation of Security. If there is any deterioration or impairment of any kind of the securities created, including the Security, or any part thereof or any decline or depreciation in the value or market price thereof (whether actual or reasonably anticipated), which causes the Security in the judgment of the Bank to become unsatisfactory as to character or value ;

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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Depreciation of Security. If there is any deterioration or impairment of any kind of the Security, or any part thereof or any decline or depreciation in the value or market price thereof (whether actual or reasonably anticipated), which causes the Security in the judgment of the Bank to become unsatisfactory as to character or value value;

Appears in 1 contract

Samples: Home Equity Loan Agreement

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