Common use of Collateral Maintenance Ratio Clause in Contracts

Collateral Maintenance Ratio. If, at any time, the Agent notifies the Borrower that: (a) the aggregate Fair Market Value of the Ships; plus (b) the net realizable value of any additional Collateral previously provided under this Clause 15, is below 140 percent of the aggregate of the Loan (such ratio being the “Collateral Maintenance Ratio”), the Agent (acting upon the instruction of the Majority Lenders) shall have the right to require the Borrower to comply with the requirements of Clause 15.3.

Collateral Maintenance Ratio. If, at any time, the Agent notifies the Borrower that: (a) the aggregate Fair Market Value of the ShipsVessels subject to a Mortgage and not the subject of a Total Loss; plus (b) the net realizable value of any additional Collateral previously provided under this Clause 15, is below 140 percent 145% of the aggregate of the Loan Loans outstanding (such ratio being the “Collateral Maintenance Ratio”), the Agent (acting upon the instruction of the Majority Lenders) shall have the right to require the Borrower to comply with the requirements of Clause 15.3.

Collateral Maintenance Ratio. If, at any time, the Agent notifies the Borrower Guarantor that: (a) the aggregate Fair Market Value of the Ships; plus (b) the net realizable value of any additional Collateral previously provided under this Clause 15, is below 140 135 percent of the aggregate of the Loan Loans (such ratio being the “Collateral Maintenance Ratio”), the Agent (acting upon the instruction of the Majority Lenders) Borrowers shall have the right to require the Borrower to comply with the requirements of Clause 15.3.

Collateral Maintenance Ratio. If, at any time, the Agent notifies the Borrower that: (a) the aggregate Fair Market Value of the Ships; plus (b) the net realizable value of any additional Collateral previously provided under this Clause 15, is below 140 150 percent of the aggregate of the Loan (such ratio being the “"Collateral Maintenance Ratio”"), the Agent (acting upon the instruction of the Majority Lenders) shall have the right to require the Borrower to comply with the requirements of Clause 15.3.

Collateral Maintenance Ratio. If, at any time, the Agent notifies the Borrower that: (a) the aggregate Fair Market Value of the Ships; plus (b) the net realizable value of any additional Collateral previously provided under this Clause 15, is 15,is below 140 150 percent of the aggregate of the Loan (such ratio being the “Collateral Maintenance Ratio”), the Agent (acting upon the instruction of the Majority Lenders) shall have the right to require the Borrower to comply with the requirements of Clause 15.3.

Collateral Maintenance Ratio. If, at any time, the Agent notifies the Borrower Guarantor that: (a) the aggregate Fair Market Value of the Ships; plus (b) the net realizable value of any additional Collateral previously provided under this Clause 15, is below 140 135 percent of the aggregate of the Loan (such ratio being the “Collateral Maintenance Ratio”), the Agent (acting upon the instruction of the Majority Lenders) shall have the right to require the Borrower Borrowers to comply with the requirements of Clause 15.3.

Collateral Maintenance Ratio. If, at any time, the Agent notifies the Borrower that: (a) the aggregate Fair Market Value of the ShipsShip; plus (b) the net realizable value of any additional Collateral previously provided under this Clause 15, is below 140 percent of the aggregate Relevant Percentage of the Loan (such ratio being the “Collateral Maintenance Ratio”), the Agent (acting upon the instruction of the Majority Lenders) shall have the right to require the Borrower to comply with the requirements of Clause 15.315.4.

Collateral Maintenance Ratio. If, at any time, the Agent notifies the Borrower that: (a) the aggregate Fair Market Value of the Ships; plus (b) the net realizable value of any additional Collateral previously provided under this Clause 15, is below 140 150 percent of the aggregate of the Loan (such ratio being the “Collateral Maintenance Ratio”), the Agent (acting upon the instruction of the Majority Lenders) shall have the right to require the Borrower to comply with the requirements of Clause 15.3.