Destruction of Collateral. A loss, theft, damage or destruction occurs with respect to any Collateral, and the amount not covered by insurance exceeds $50,000.
Appears in 2 contracts
Samples: Loan and Security Agreement (Mammoth Energy Partners LP), Loan and Security Agreement (Stingray Energy Services, Inc.)
Destruction of Collateral. A loss, theft, damage or destruction occurs with respect to any Collateral, and the amount not covered by insurance exceeds $50,000100,000.
Appears in 1 contract
Samples: Senior Secured Loan and Security Agreement (Crumbs Bake Shop, Inc.)
Destruction of Collateral. A loss, theft, damage or destruction occurs with respect to any Collateralmaterial asset of a Borrower Entity, and the amount not covered by insurance exceeds $50,000250,000 (exclusive of any deductible).
Appears in 1 contract
Samples: Loan, Security and Guaranty Agreement (Foundation Healthcare, Inc.)
