Collateral Maintenance Ratio. If, at any time, the Agent notifies the Borrowers that the aggregate Fair Market Value of the Ships plus the net realizable value of any additional Collateral previously provided under this Clause 15 is below:
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Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.)
Collateral Maintenance Ratio. If, at any time, the Agent notifies the Borrowers Borrower that the aggregate Fair Market Value of the Ships Ship plus the net realizable value of any additional Collateral previously provided under this Clause 15 is below:
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