Notice of Damage to Collateral. Borrower shall give Lender prompt written notice of any destruction or substantial damage to any of the Collateral and of the occurrence of any condition or event which has caused, or may cause, material loss or depreciation in the value of any Collateral.
Appears in 2 contracts
Samples: Term Credit Agreement (BPI Energy Holdings, Inc.), Senior Secured Credit Agreement (Kentucky USA Energy, Inc.)
Notice of Damage to Collateral. Borrower shall give Lender prompt written notice of any destruction or substantial damage to any of the Collateral and of the occurrence of any condition or event which has caused, or may cause, material loss or depreciation in the value of any Collateralproperty subject to Lender's Liens or the Mortgage.
Appears in 2 contracts
Samples: Credit Agreement (Black Hills Corp /Sd/), Credit Agreement (Mallon Resources Corp)
Notice of Damage to Collateral. The Borrower shall give the Lender prompt written notice of any destruction or substantial damage to any material portion of the Collateral and of the occurrence of any condition or event which has caused, or may cause, material loss or depreciation in the value of any Collateralproperty subject to the Lender's Liens or the Mortgage.
Appears in 1 contract
Notice of Damage to Collateral. Borrower shall give Lender prompt written notice of any destruction or substantial damage to any material portion of the Collateral and of the occurrence of any condition or event which has caused, or may cause, material loss or depreciation in the value of any Collateralproperty subject to Lender's Liens or the Mortgage.
Appears in 1 contract
Notice of Damage to Collateral. Borrower Borrowers shall give Lender prompt written notice of any destruction or substantial damage to any of the Collateral and of the occurrence of any condition or event which has caused, or may cause, material loss or depreciation in the value of any Collateral.
Appears in 1 contract
Samples: Advancing Term Credit Agreement (Westside Energy Corp)
