Notification of Damage. Borrower will immediately notify Lender of any material loss or damage to, or material diminution in or any occurrence that would materially and adversely affect the value of any Collateral.
Appears in 4 contracts
Samples: Loan and Security Agreement (Daybreak Oil & Gas, Inc.), Loan and Security Agreement (Daybreak Oil & Gas, Inc.), Loan Agreement (Daybreak Oil & Gas, Inc.)
Notification of Damage. Each Borrower will immediately notify the Lender of any material loss or damage to, or material diminution in or any occurrence that would materially and adversely affect the value of any the Inventory, the Equipment or other Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Fix Corp International Inc), Loan and Security Agreement (Fix Corp International Inc)
Notification of Damage. Borrower will immediately notify Lender of any material loss or damage to, or material diminution in of, or any occurrence that would materially and adversely affect the value of any of, the Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Igi Inc), Loan and Security Agreement (Igi Inc)
Notification of Damage. The Borrower will immediately notify the Lender of any material loss or damage to, or material diminution in or any occurrence that would materially and adversely affect the value of any the Inventory, the Equipment of other Collateral.
Appears in 2 contracts
Samples: Loan and Security Agreement (Fix Corp International Inc), Acquisition Agreement (Fix Corp International Inc)
Notification of Damage. The Borrower will immediately notify Lender the Bank of any material loss or damage to, or material diminution in or any occurrence that would materially and adversely affect the value of any inventory, equipment or other Collateral.
Appears in 1 contract
Samples: Loan and Security Agreement (Advanced Photonix Inc)
Notification of Damage. The Borrower will immediately notify the Lender of any material loss or damage to, or material diminution in or any occurrence that would materially and adversely affect the value of any inventory, equipment or other Collateral.
Appears in 1 contract
