Common use of Notice of Diminution of Value Clause in Contracts

Notice of Diminution of Value. The Borrower shall give prompt notice to the Lender of any matter or event which has resulted in, or may result in, the actual or potential diminution in excess of $100,000 in the value of any of its Collateral, except for any diminution in the value of any Receivables or Inventory in the ordinary course of business which has been appropriately reserved against, as reflected in the financial statements previously delivered to the Lender pursuant to Article 9.

Notice of Diminution of Value. The Borrower and each Guarantor shall give prompt notice to the Lender of any matter or event which has resulted in, or may result in, the actual or potential diminution in excess of $100,000 in the value of any of its the Collateral, except for any diminution in the value of any Receivables or Inventory in the ordinary course of business which has been appropriately reserved against, as reflected in the financial statements previously delivered to the Lender pursuant to Article 9.

Notice of Diminution of Value. The Borrower and each Guarantor shall ----------------------------- give prompt notice to the Lender of any matter or event which has resulted in, or may result in, the actual or potential diminution in excess of $100,000 200,000 in the value of any of its the Collateral, except for any diminution in the value of any Receivables or Inventory in the ordinary course of business which has been appropriately reserved against, as reflected in the financial statements previously delivered to the Lender pursuant to Article 9.