Loan to Collateral Ratio Sample Clauses

Loan to Collateral Ratio. The Borrower shall maintain a ratio of Total Assets to Accreted Principal Amount in excess of 1.75 to 1.0 and a ratio of Current Assets to Accreted Principal Amount in excess of 1.0 to 1.0 as measured at the end of each calendar month. (A) Total Assets: (B) Accreted Principal Amount: A / B: (C) Current Assets: (D) Accreted Principal Amount:
Sample 1
AutoNDA by SimpleDocs
Loan to Collateral Ratio. The Debtor additionally covenants and agrees that so long as all or any part of the Indebtedness shall remain outstanding, the outstanding principal balance of the Indebtedness shall not be greater than 10% of the value of the Collateral at its then current market value (as determined by the Bank) (the Loan-to-Collateral Ratio). To the extent that such Loan-to-Collateral Ratio is not maintained, the Debtor shall promptly, upon the Bank’s request, assign and pledge to the Bank such additional assets of a character satisfactory to the Bank and having a market value sufficient to reinstate and maintain such Loan-to-Collateral Ratio.
Sample 1
Loan to Collateral Ratio. In the event that at any time the ------------------------ principal balance of the Loan shall, for a period of three consecutive Banking Days, exceed the sum of (a) 50% of the market value of the Stock Collateral subject to the Pledge Agreements, plus (b) the face amount of any letter of credit Collateral delivered to Lender pursuant to clause (ii) below, Borrower shall, within three Banking Days, (i) cause Black Creek to subject to the first- priority Lien of the Black Creek Pledge Agreement such additional shares of MIDCOM Stock (subject to no restrictions on transfer or Lender's exercise of remedies thereunder other than as set forth in the Lock-Up Agreement and as set forth in the Black Creek Pledge Agreement) as shall be necessary to cause the outstanding principal balance of the Loan to be equal to or less than the sum of clauses (a) and (b) above, or (ii) deliver to Lender a letter of credit from an issuing bank acceptable to Lender, and in form and substance acceptable to Lender, in a face amount equal or greater than the amount necessary to cause the outstanding principal balance of the Loan to be equal to or less than the sum of clauses (a) and (b) above.
Sample 1

Related to Loan to Collateral Ratio

  • Loan-to-Value Ratio The fraction, expressed as a percentage, the numerator of which is the original principal balance of the related Mortgage Loan and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • Loan to Value The maximum principal amount of the Note does not exceed one hundred twenty-five percent (125%) of the fair market value of the Property as set forth on the appraisal of the Property delivered to Lender.

  • Liquidity Ratio A Liquidity Ratio of at least 1.50 to 1.00.

  • Secured Leverage Ratio Permit the Secured Leverage Ratio, as of the last day of any fiscal quarter of the Consolidated Group, to be greater than forty percent (40%), or, for a period of four consecutive fiscal quarters following a Material Acquisition, forty-five percent (45%).

  • Maximum Secured Leverage Ratio As of the last day of any fiscal quarter, the Secured Leverage Ratio to exceed forty percent (40%);

  • Senior Secured Leverage Ratio The Borrower shall not permit the Senior Secured Leverage Ratio at the end of any Fiscal Quarter set forth below to be greater than the ratio set forth below opposite such Fiscal Quarter: Fiscal Quarter Ending Maximum Senior Secured Leverage Ratio September 30, 2017 4.75 to 1.00 December 31, 2017 4.25 to 1.00 March 31, 2018 3.75 to 1.00 June 30, 2018 3.25 to 1.00 September 30, 2018 and each Fiscal Quarter thereafter 3.00 to 1.00 (v) Section 8.01(e) of the Credit Agreement is hereby amended to read as follows:

  • Excess Availability Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from July 25, 2016 through and including August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from August 30, 2016 through and including October 17, 2016, $13,000,000, (iii) as of any date of determination during the period from October 18, 2016 through and including October 31, 2016, $17,500,000, and (iv) as of any date of determination during the period from November 1, 2016 through and including December 31, 2016, $20,000,000.

  • Collateral Coverage Ratio ‌ (i) Within ten (10) Business Days after (x) the last day of March, June, September and December of each year (beginning with December 2020) or (y) any date on which an Appraisal is delivered pursuant to clause Error! Reference source not found. of Section 5.16 (each such date in clauses (x) and (y), a “CCR Reference Date” and the tenth Business Day after a CCR Reference Date, a “CCR Certificate Delivery Date”), the Parent shall deliver to the Administrative Agent a certificate of a Responsible Officer of the Parent containing a calculation of the Collateral Coverage Ratio (a “CCR Certificate”). (ii) If the Collateral Coverage Ratio with respect to any CCR Reference Date is less than 1.60 to 1.00, the Borrower shall, no later than ten (10) Business Days after the applicable CCR Certificate Delivery Date, (x) prepay any outstanding Loans such that following such prepayment, the Collateral Coverage Ratio with respect to such CCR Reference Date, recalculated by subtracting any such prepaid portion of the Loans, shall be no less than 1.60 to 1.00 and/or (y) designate Additional Collateral as additional Eligible Collateral and comply with Sections 5.13 and 5.15, collectively, in an amount such that following such designation, the Collateral Coverage Ratio with respect to such CCR Reference Date, recalculated by adding such Additional Collateral, shall be no less than 1.60 to 1.00. (iii) At the Parent’s request, the Lien on any Collateral will be released; provided, in each case, that the following conditions are satisfied or waived: (a) no Event of Default shall have occurred and be continuing, (b) either (x) after giving effect to such release, the Collateral Coverage Ratio is not less than 2.00 to 1.00 (or in the case of a swap or exchange of existing Additional Collateral with new Additional Collateral, less than 1.60 to 1.00) or (y) the Parent shall prepay or cause to be prepaid the Loans and/or shall designate Eligible Collateral as Additional Collateral and comply with Sections 5.13 and 5.15, collectively, in an amount necessary to cause the Collateral Coverage Ratio to not be less than 2.00 to 1.00 (or in the case of a swap or exchange of existing Additional Collateral with new Additional Collateral, less than‌

  • Maximum Leverage Ratio The Borrower will not permit the Leverage Ratio as of the end of any fiscal quarter to be greater than 0.55 to 1.00.

  • Consolidated Senior Secured Leverage Ratio As of any fiscal quarter end, permit the Consolidated Senior Secured Leverage Ratio to be greater than 1.25 to 1.00.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!