Common use of LOSS OR DEPRECIATION OF COLLATERAL Clause in Contracts

LOSS OR DEPRECIATION OF COLLATERAL. Each Pledgor shall promptly notify Secured Party of any event of which such Pledgor becomes aware that causes any loss or depreciation in the value of any portion of the Collateral resulting in a Material Adverse Effect.

LOSS OR DEPRECIATION OF COLLATERAL. Each Pledgor shall promptly notify Secured Party of any event of which such Pledgor it becomes aware that causes any loss or depreciation in the value of any portion of the Collateral resulting that could result in a Material Adverse Effect.