Common use of LOSS OR DEPRECIATION OF COLLATERAL Clause in Contracts

LOSS OR DEPRECIATION OF COLLATERAL. Borrower shall immediately notify Secured Party of any event causing a material loss or depreciation in value of Collateral and the amount of such loss or depreciation.

Appears in 4 contracts

Samples: Security Agreement (Sun Communities Inc), Security Agreement (Sun Communities Inc), Security Agreement (Sun Communities Inc)

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LOSS OR DEPRECIATION OF COLLATERAL. Borrower shall immediately notify Secured Party of any event vent causing a material loss or depreciation in value of Collateral and the amount of such loss or depreciation.

Appears in 1 contract

Samples: Security Agreement (Sun Communities Inc)

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