Collateral Maintenance Test. On the Initial Borrowing Date and immediately after giving effect to the Loans incurred on such date, the Borrower shall be in compliance with Section 8.07(d).
Appears in 2 contracts
Samples: Credit Agreement (Diamond S Shipping Inc.), Credit Agreement (Athena Spinco Inc.)
Collateral Maintenance Test. On the Initial and as of each Borrowing Date and immediately after giving effect to the Loans incurred on such date, the Borrower shall be in compliance with Section 8.07(d), based on the most recent Appraisals delivered to the Administrative Agent pursuant to Section 7.01(d).
Appears in 2 contracts
Samples: Credit Agreement (Diamond S Shipping Inc.), Credit Agreement (Athena Spinco Inc.)
Collateral Maintenance Test. On the Initial each Borrowing Date and immediately after giving effect to the Loans incurred on such date, the Borrower shall be in compliance with Section 8.07(d8.07(b).
Appears in 1 contract
Collateral Maintenance Test. On the Initial Borrowing Date and immediately after giving effect to the Loans incurred on such date, the Borrower shall be in compliance with Section 8.07(d).
Appears in 1 contract
Collateral Maintenance Test. On the Initial and as of each Borrowing Date and immediately after giving effect to the Loans incurred on such date, the Borrower shall be in compliance with Section 8.07(d8.10(d), based on the most recent Appraisals delivered to the Administrative Agent pursuant to Section 7.12.
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