Common use of Mandatory prepayment – Market Value Clause in Contracts

Mandatory prepayment – Market Value. If the Market Value falls below 100% or 125% (as the case may be according to Clause 19.19) of the Loans at any time, the Borrower shall, unless otherwise agreed with the Agent (on behalf of the Lenders) within 30 days after being notified in writing by the Agent of such non-compliance, either: a) prepay the Loans or a part of the Facility (as the case may be); or b) provide the Lenders with such additional security, in form and substance satisfactory to the Majority Lenders (it being agreed that cash collateral comprised of USD is satisfactory and that it shall be valued at par), required to restore the aforesaid ratio.

Mandatory prepayment – Market Value. If the Market Value falls below 100110%, 120% or 125% (as the case may be according to Clause 19.1917.21) of the Loans Loan at any time, the Borrower shall, unless otherwise agreed with the Agent (on behalf of the LendersFinance Parties) within 30 days after being notified in writing by the Agent of such non-non- compliance, either: a) prepay the Loans Loan or a part of the Facility Loan (as the case may be); or b) provide the Lenders with such additional security, in form and substance satisfactory to the Majority Lenders (it being agreed that cash collateral comprised of USD is satisfactory and that it shall be valued at par), required to restore the aforesaid ratio.

Mandatory prepayment – Market Value. If the Market Value falls below 100% or 125% (as the case may be according to Clause 19.1917.21) of the Loans Loan at any time, the Borrower shall, unless otherwise agreed with the Agent (on behalf of the LendersFinance Parties) within 30 days after being notified in writing by the Agent of such non-compliance, either: (a) prepay the Loans Loan or a part of the Facility Loan (as the case may be); or (b) provide the Lenders with such additional security, in form and substance satisfactory to the Majority Lenders (it being agreed that cash collateral comprised of USD is satisfactory and that it shall be valued at par), required to restore the aforesaid ratio.

Mandatory prepayment – Market Value. If the Market Value falls below 100110%, 120% or 125% (as the case may be according to Clause 19.1917.21) of the Loans Loan at any time, the Borrower shall, unless otherwise agreed with the Agent (on behalf of the LendersFinance Parties) within 30 days after being notified in writing by the Agent of such non-compliance, either: a) prepay the Loans Loan or a part of the Facility Loan (as the case may be); or b) provide the Lenders with such additional security, in form and substance satisfactory to the Majority Lenders (it being agreed that cash collateral comprised of USD is satisfactory and that it shall be valued at par), required to restore the aforesaid ratio.