Common use of Notice of Diminution of Value Clause in Contracts

Notice of Diminution of Value. The Borrower shall give prompt notice to the Administrative Agent of any matter or event which has resulted in, or may result in, the actual or potential diminution in the value of any of the Collateral in an amount which in the reasonable judgment of the Borrower is material, 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 Administrative Agent and the Lenders pursuant to Article 10.

Notice of Diminution of Value. The Borrower Borrowers shall give prompt notice to the Administrative Agent of any matter or event which has resulted in, or may result in, the actual or potential diminution in the value of any of the Collateral in an amount which in the reasonable judgment of the Borrower Borrowers is material, 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 Administrative Agent and the Lenders pursuant to Article 10.