Common use of LCR Clause in Contracts

LCR. After giving effect to such Substitution, as of the Substitution Date the LCR for all of the Individual Properties then remaining subject to the Liens of the Security Instruments (i.e., including the Substitute Property and excluding the Replaced Property), shall not be less than the greater of (A) the Closing Date LCR and (B) the LCR for the Individual Properties subject to the Liens of the Security Instruments immediately prior to the Substitution Date;

Appears in 9 contracts

Samples: Mezzanine Loan and Security Agreement (Station Casinos Inc), Mezzanine Loan and Security Agreement (Station Casinos Inc), Mezzanine Loan and Security Agreement (Station Casinos Inc)

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LCR. After giving effect to such Substitution, the LCR as of the Substitution Date the LCR for (calculated with reference to all of the Individual Properties then remaining subject to the Liens of the Security Instruments (Instrument; i.e., including the Substitute Property and excluding the Replaced Property), ) shall not be less than the greater of (A) ninety percent (90%) of the Closing Date LCR and (B) seventy-five percent (75%) of the LCR for all of the Individual Properties subject to the Liens Lien of the Security Instruments Instrument immediately prior to the Substitution Date;.

Appears in 2 contracts

Samples: Loan and Security Agreement (BlueLinx Holdings Inc.), Loan and Security Agreement (BlueLinx Holdings Inc.)

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