Notice to Secured Party. Debtor shall promptly notify Secured Party of any loss or damage to the Collateral, any impairment of the value thereof, any claim made thereto by any third party, or any adverse change in Debtor's financial condition which may affect its prospect to pay or perform its obligations to Secured Party.
Appears in 3 contracts
Samples: 1996 Restated Security Agreement (Data Transmission Network Corp), 1997 Security Agreement (Data Transmission Network Corp), 1998 Security Agreement (Data Transmission Network Corp)
Notice to Secured Party. Debtor shall promptly notify Secured Party of any loss or damage to the Collateral, any impairment of the value thereof, or any claim made thereto by any third party, or any adverse change in Debtor's financial condition which may affect its prospect to pay or perform its obligations to Secured Party.
Appears in 2 contracts
Samples: Subsidiary Security Agreement (Data Transmission Network Corp), Subsidiary Security Agreement (Data Transmission Network Corp)
