The principle of Nested Rectangles

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I have been reading Richard Silverman "Complex Analysis with applications", I faced a principle which is called principle of nested rectangles I tried to figure out what the textbook is really saying, unfortunately I got confused and didn't understand it completely.
I appreciate it if someone could explain this principle
In addition,I want to know how important this principle is?(Because I haven't seen it in any other Complex Analysis book)
Thanks in advance

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This is simply a generalization of the nested interval theorem mentioned just before it. The idea behind it is that you have a sequence of rectangles in which the sides are always parallel to the real and imaginary axis. If you imagine the length of the diagonals (the diameters) tending to $0$ then the rectangles must be shrinking. We must demand that the diameter tend to $0$ for if we only required it on the volume then it could be that the rectangle shrinks into a line which has $0$ volume but non-zero diameter. Since the rectangles are shrinking in diameter we would expect that there could only be a single point in the limit structure since its diameter is $0$.

This concept seems related to the Cantor intersection theorem (http://en.wikipedia.org/wiki/Cantor's_intersection_theorem).

The author is just introducing the concept because later on the book dives into concepts relating to compactness.