Loss of Value. The Owner Trustee shall promptly, and in any event within five (5) Business Days, notify the Mortgagee in writing of any event causing any material deterioration, loss or unscheduled depreciation in value of the Collateral and the Owner Trustee’s best estimate of the amount of such deterioration, loss or depreciation.
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Sources: Credit Agreement (Willis Lease Finance Corp), Credit Agreement (Willis Lease Finance Corp)
Loss of Value. The Owner Trustee shall promptlyimmediately, and in any event within five (5) Business Days, notify the Mortgagee in writing of any event causing any material deterioration, loss or unscheduled depreciation in value of any substantial portion of the Collateral and the Owner Trustee’s 's best estimate of the amount of such deterioration, loss or depreciation.
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