Fully Secured definition

Fully Secured means either the Loan to Security Ratio does not exceed 80 per cent, or the Facility is fully mortgage insured with a lender’s mortgage insurer acceptable to ANZ and the Loan to Security Ratio does not exceed 90 per cent;

Fully Secured means, with respect to any Undrawn L/C Obligations as of any date, that, on or before such date, such Undrawn L/C Obligations shall have been secured by the grant to the Issuing Lender by the Borrower of a first priority, perfected security interest in, and Lien on, (a) cash or Cash Equivalents in an amount at least equal to the excess, if any, of the amount of such Undrawn L/C Obligations over the amount of the Total Revolving Credit Commitments on such date or (b) other collateral security which is acceptable to the Issuing Lender.

Fully Secured means, with respect to any Undrawn L/C Obligations as of any date, that, on or before such date, such Undrawn L/C Obligations shall have been secured by the grant to, or for the benefit of, the relevant Issuing Lender by the Company of a first priority, perfected security interest in, and Lien on, (a) cash or Cash Equivalents in an amount at least equal to the Equivalent in Dollars of 105% of the amount of such Undrawn L/C Obligations or (b) other collateral security which is acceptable to such Issuing Lender and the Administrative Agent.

Examples of Fully Secured in a sentence

• The company has set a time frame of September 2021, by which time all branches should start generating operating profit.9. ResourcesSubordinated Debts and Fully Secured Redeemable Non -Convertible Debentures continued to be the major sources of funds for your company during the previous financial year.

• Arrearage Arrearage PaymentEnter Information3.2 Request for Valuation of Security, Payment of Fully Secured Claims, and Modification of Undersecured Claims (Complete if applicable and check “Yes” in Section 1.1. The following provisions will be effective only if there is a check in the “Yes” box in Section 1.1.)For each creditor listed in this section, the “Secured Amount” was calculated by valuing the creditor’s collateral and subtracting superior liens.

• It is noticed that TAMP has deducted the entire portion of the Fully Secured Advance appearing under other current assets while moderating the working capital.

• Non-Convertible Debentures (NCD)The Company had issued Listed Fully Secured Redeemable Non-Convertible Debentures amounting Rs. 50 Crore on private placement basis with tenor of 48 months pursuant to section 42 of and applicable provisions of the Companies Act, 2013 read with Companies (Prospectus and Allotment of Securities) Rules, 2014 which helped in Asset Liability Management and strengthened the long term resource base of the Company.The Debentures issued on private placement basis are listed on BSE.

• Rate if final dividendNet amount realizable from assets – Liquidation expenses Rate of dividend = Amount payable to unsecured creditors STATEMENT OF AFFAIRSGross LiabilitiesLiabilities (as stated and estimated by the Debtor)Expected to RankAssets (as stated and estimated by the Debtor)Estimated to ProduceRs. Unsecured Creditors as per list A Fully Secured Creditors as per list BEstimated value of Securities…………………..

More Definitions of Fully Secured

Fully Secured means a first priority charge on the property, the value of which is greater than or equal to the amount of the loan. A second charge may also be included where an Authorised Firm already has a first priority charge on the property concerned.

Fully Secured means that the Optionee shall have created in favor of the Corporation a perfected security interest in (i) the Shares acquired upon exercise of the Related Option as security for such portion of the Loan equal to the Margin Loan Amount and (ii) Other Collateral that has a Fair Market Value equal to the amount of the remaining portion of the Loan (including any portion attributable to Tax Payments).

Fully Secured. “100% secured,” “fully insured,” “secure,” “safe,” “backed by rated insurance company(s),”, “backed by federal and/or state law,” or similar representations;

Fully Secured means, with respect to any Letter of Credit as of any date, that, on or before such date, the undrawn L/C Obligations with respect to such Letter of Credit shall have been secured by the grant to the Issuing Lender with respect to such Letter of Credit by the Borrower of a first priority, perfected security interest in, and Lien on, cash in an amount and pursuant to documentation satisfactory to the Issuing Lender with respect to such Letter of Credit.

Fully Secured means, with respect to any Undrawn L/C Obligations as of any date, that, on or before such date, such Undrawn L/C Obligations shall have been secured by the grant to the relevant Issuer by Toy Biz of a first priority, perfected security interest in, and Lien on, (a) cash in an amount at least equal to the excess of the amount of such Undrawn L/C Obligations over the amount of the Aggregate Commitment on such date or (b) other collateral security which is acceptable to such Issuer and the Majority Banks;

Fully Secured with respect to any Undrawn L/C Obligations as of any date, that, on or before such date, such Undrawn L/C Obligations shall have been secured by the grant to the Issuing Lender by the Borrower of a first priority, perfected security interest in, and Lien on, (a) cash or Cash Equivalents in an amount at least equal to the amount of such Undrawn L/C Obligations on such date or (b) other collateral security which is acceptable to the Issuing Lender.

Fully Secured means, with respect to any Undrawn L/C Obligations as of any date, that, on or before such date, such Undrawn L/C Obligations shall have been secured by