Loss of Value of Collateral. The Borrower shall immediately notify the Agent of any material loss or depreciation in the value of the Collateral, other than loss or depreciation occurring in the ordinary course of the Borrower's business.
Appears in 2 contracts
Samples: Loan and Security Agreement (American Builders & Contractors Supply Co Inc), Loan and Security Agreement (Amcraft Building Products Co Inc)
Loss of Value of Collateral. The Borrower shall immediately notify the Collateral Agent of any material loss or depreciation material decrease in the value of the Collateral, other than loss or depreciation occurring in the ordinary course of the Borrower's business.
Appears in 1 contract
Samples: Credit and Security Agreement (Five Star Quality Care Inc)
Loss of Value of Collateral. The Borrower shall immediately --------------------------- notify the Agent of any material loss or depreciation in the value of the Collateral, other than loss or depreciation occurring in the ordinary course of the Borrower's business.
Appears in 1 contract
Samples: Loan and Security Agreement (American Builders & Contractors Supply Co Inc)
