Common use of Security shortfall Clause in Contracts

Security shortfall. If at any time throughout the Facility Period the Security Value shall be less than the Required Security Amount, the Lender shall give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers must within 30 days of receipt of the Lender’s said notice, either:

Security shortfall. If at any time throughout the Facility Period the Security Value shall be less than the Required Security Amount, the Lender shall give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers Borrower must within 30 thirty (30) days of receipt of the Lender’s said notice, either:

Security shortfall. (a) If at any time throughout the Facility Period the Security Value shall be is less than the Required Security AmountMinimum Value, the Lender shall give may by notice to the Borrowers requiring Borrower require that such deficiency be remedied and remedied. The Borrower shall then the Borrowers must within 30 15 days of receipt of such notice ensure that the Lender’s said noticeSecurity Value equals or exceeds the Minimum Value. For this purpose, eitherthe Borrower may:

Security shortfall. If at any time throughout the Facility Period the Security Value shall be less than the Required Security AmountRequirement, the Lender shall Facility Agent may, and acting on the instructions of the Lenders shall, give notice to the Borrowers requiring that such deficiency be remedied and then the Borrowers must shall within 30 a period of fourteen (14) days of receipt by the Borrowers of the LenderFacility Agent’s said notice, notice either:

Security shortfall. If at any time throughout the Facility Period the Security Value shall be less than the Required Security Amount, the Lender shall give written notice to the Borrowers Borrower requiring that such deficiency be remedied and then the Borrowers Borrower must within 30 days of receipt of the Lender’s said notice, either: