Maintenance of Value. 11. The Licensee must use its best endeavours to preserve the value and validity of the Trade Xxxx and in particular must:
Maintenance of Value. The Licensee must use its best endeavours to preserve the value and validity of the CTM and in particular must:
Maintenance of Value. (a) The value of the currencies of members held in the General Resources Account shall be maintained in terms of the special drawing right in accordance with exchange rates under Article XIX, Section 7(a).
Maintenance of Value. If at any time the Value Requirement is not satisfied I shall, within three (3) business days (“Cure Period”) of the breach of the Value Requirement, take all remedial action necessary to restore the Value Requirement to satisfactory status. Remedial action may include the following in any combination or amount: (i) delivery of additional collateral to Lender; (ii) substitution of Qualified Assets providing little or no support to the Value Requirement with Qualified Assets providing greater support; (iii) payoff or reduction of the amount of Indebtedness due under the Credit Agreement; and/or (iv) conversional of Assets to cash. If the Value Requirement is not timely restored by me, Lender, through its First Interstate Bank Wealth Management Asset Management Team, will convert all or some of the Assets to cash as necessary to restore value and satisfy the Value Requirement. Although the Lender will attempt to notify me prior to remedial action to restore the Value Requirement, I understand that the Lender is not required to do so. Liquidation of Assets after the Cure Period will be at the sole discretion of the Lender’s Wealth Management Portfolio Manager.
Maintenance of Value. In the event the Margin Value of the Collateral, for any reason and at any time, is less than the required amount, Grantor shall, within three (3) business days, take all remedial action necessary to restore the Margin Value of the Collateral to the required amount. Remedial action may include the following in any combination or amount: (i) delivery of additional Collateral acceptable to Secured Party; (ii) replacement of assets providing little or no support to value requirements with assets providing greater support; and/or (iii) payoff of the Indebtedness (or if applicable, reduction thereof).
Maintenance of Value. (a) EXCO shall receive at Closing pursuant to the special distribution described in Section 4.5(e) of the Limited Liability Company Agreement in excess of $200 million from the Adjusted Closing Cash Contribution. EOC agrees that until December 31, 2011, it will maintain a minimum of $200 million of such consideration (the “Minimum Consideration”) in EOC and shall not dividend or otherwise distribute any of such Minimum Consideration to any of EOC’s Affiliates, or use any of such Minimum Consideration to repay debt to any of EOC’s Affiliates or to satisfy any obligation on behalf of any of EOC’s Affiliates, other than (in each case) EOC’s own direct or indirect wholly-owned subsidiaries; provided, however, EOC may use all or any portion of such Minimum Consideration to (i) pay expenses or costs in connection with EOC’s general corporate purposes, (ii) keep such amounts as cash or cash equivalents and make other short-term investments of such amounts, (iii) acquire properties or other assets, (iv) make capital expenditures, including the payment of any costs of New Business or Acquired Business (as each such term is defined in the Limited Liability Company Agreement), (v) make capital contributions to the Company, (vi) satisfy the debt described in clause (a) of the definition of “EXCO Debt Instruments” by making a payment to reduce the outstanding principal and interest thereunder to the extent such payment is made because of a mandatory reduction of the borrowing base under such EXCO Debt Instrument in connection with the contribution of the Contributed Interests to the Company as part of the transactions contemplated by this Agreement and (vii) satisfy the debt described in clause (b) of the definition of “EXCO Debt Instruments” by paying off the outstanding principal and interest under such EXCO Debt Instrument and all of such uses shall be considered maintenance of such consideration in EOC as required pursuant to foregoing. To the extent that EOC or its direct or indirect wholly-owned subsidiaries uses all or any portion of such Minimum Consideration for the purposes set forth in clause (i), (iii), (iv), (v) (vi) or (vii), the amount required to be maintained by EOC as Minimum Consideration shall be decreased by the amount of such usage, and, in the event the amount required to be maintained by EOC as Minimum Consideration is reduced to zero, then this Section 3.9(a) shall thereafter terminate and be of no further force and effect, subject, however, to...
Maintenance of Value. (a) Seller shall receive at Closing pursuant to this Agreement in excess of $500 million from the Adjusted Closing Cash Consideration. EOC agrees that until December 31, 2011, it will maintain a minimum of $500 million of such consideration (the “Minimum Consideration”) in EPC and/or EOC and shall not dividend or otherwise distribute any of such Minimum Consideration to any of Seller’s Affiliates, or use any of such Minimum Consideration to repay debt to any of Seller’s Affiliates or to satisfy any obligation on behalf of any of Seller’s Affiliates, other than (in each case) Seller’s own direct or indirect wholly-owned subsidiaries; provided, however, Seller may use all or any portion of such Minimum Consideration to (i) pay expenses or costs in connection with Seller’s general corporate purposes, (ii) keep such amounts as cash or cash equivalents and make other short-term investments of such amounts, (iii) acquire properties or other assets, (iv) make capital expenditures, including the payment of any Development Costs and Operating Expenses (as each such term is defined in the Joint Development Agreement), (v) satisfy the debt described in clause (a) of the definition of “Seller Debt Instruments” by making a payment to reduce the outstanding principal and interest thereunder to the extent such payment is made because of a mandatory reduction of the borrowing base under such Seller Debt Instrument in connection with the disposition of collateral to Buyer as part of the transactions contemplated by this Agreement and (vi) satisfy the debt described in clause (b) of the definition of “
Maintenance of Value. (a) Seller shall receive at Closing pursuant to this Agreement in excess of $500 million from the Adjusted Closing Cash Consideration. EOC agrees that until December 31, 2011, it will maintain a minimum of $500 million of such consideration (the “Minimum Consideration”) in EPC and/or EOC and shall not dividend or otherwise distribute any of such Minimum Consideration to any of Seller’s Affiliates, or use any of such Minimum Consideration to repay debt to any of Seller’s Affiliates or to satisfy any obligation on behalf of any of Seller’s Affiliates, other than (in each case) Seller’s own direct or indirect wholly-owned subsidiaries; provided, however, Seller may use all or any portion of such Minimum Consideration to (i) pay expenses or costs in connection with Seller’s general corporate purposes, (ii) keep such amounts as cash or cash equivalents and make other short-term investments of such amounts, (iii) acquire properties or other assets, (iv) make capital expenditures, including the payment of any Development Costs and Operating Expenses (as each such term is defined in the Joint Development Agreement),
Maintenance of Value. In the event the Margin Value of the Collateral, for any reason and at any time, is less than the required amount, Debtor shall, within three (3) business days, take all remedial action necessary to restore the Margin Value of the Collateral to the required amount. Remedial action may include the following in any combination or amount: (i) delivery of additional Collateral acceptable to Bank; (ii) replacement of assets providing little or no support to value requirements with assets providing greater support; and/or (iii) payoff of the Indebtedness (or if applicable, reduction thereof).
Maintenance of Value. If at any time the value requirements herein are not satisfied Debtor shall, within five (5) business days, after being notified thereof by Bank, take all remedial action necessary to restore the value requirements to satisfied status. Remedial action may include the following in any combination or amount: (i) assignment or delivery by Debtor of additional Pledged Collateral acceptable to Bank and/or (ii) permanent and irrevocable reduction by Debtor of the amount of the maximum Line of Credit amount in accordance with the Credit Agreement.
