Common use of Value of Collateral Clause in Contracts

Value of Collateral. If in any Lender’s reasonable judgment the Inventory or the Motor Vehicles have materially decreased in value, other than through ordinary depreciation, the Borrowers shall either provide enough additional Collateral to satisfy the Lenders or reduce the Obligations by an amount sufficient to satisfy the Lenders.

Appears in 3 contracts

Samples: Loan and Security Agreement (DT Credit Company, LLC), Loan and Security Agreement (DT Acceptance Corp), Loan and Security Agreement (DriveTime Automotive, Inc.)

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Value of Collateral. If in any LenderAgent’s reasonable judgment the Inventory or the Motor Vehicles have materially decreased in value, other than through ordinary depreciation, the Borrowers shall shall, at Agent’s request, either provide enough additional Collateral to satisfy the Required Lenders or reduce the Obligations by an amount sufficient to satisfy the Required Lenders.

Appears in 1 contract

Samples: Loan and Security Agreement (DT Acceptance Corp)

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