Common use of Mandatory prepayment – Market Value Clause in Contracts

Mandatory prepayment – Market Value. If, at any time following the date of this Agreement, the Fleet Market Value is lower than three hundred per cent. (300%) of the aggregate of outstanding unpaid Loans under this Agreement, the Borrower shall within 10 days thereafter either (i) provide such additional security as the Agent (on behalf of the Finance Parties) may in its sole discretion accept, or (ii) prepay such amount of the Loans as may be necessary to ensure that the Fleet Market Value equals no less than three hundred per cent. (300%) of the aggregate outstanding unpaid loans under this Agreement.”

Mandatory prepayment – Market Value. If, at any time following the date of this Agreement, the Fleet Market Value is lower than three one hundred and forty per cent. (300140%) of the aggregate of outstanding unpaid Loans under this Agreement, the Borrower shall within 10 days thereafter either (i) provide such additional security as the Agent (on behalf of the Finance Parties) may in its sole discretion accept, or (ii) prepay such amount of the Loans as may be necessary to ensure that the Fleet Market Value equals no less than three one hundred and forty per cent. (300140%) of the aggregate outstanding unpaid loans under this Agreement).”

Mandatory prepayment – Market Value. If, at any time following the date of this Agreement, the Fleet Market Value is lower than three one hundred and fifty per cent. (300150%) of the aggregate of outstanding unpaid Loans under this Agreement, the Borrower shall within 10 days thereafter either (i) provide such additional security as the Agent (on behalf of the Finance Parties) may in its sole discretion accept, or (ii) prepay such amount of the Loans as may be necessary to ensure that the Fleet Market Value equals no less than three one hundred and fifty per cent. (300150%) of the aggregate outstanding unpaid loans under this Agreement).”

Mandatory prepayment – Market Value. If, at any time following the date of this Agreement, the Fleet Market Value is lower than three hundred per cent. percent (300%) of the aggregate of outstanding unpaid Loans under this Agreement, the Borrower shall within 10 days thereafter either (i) provide such additional security as the Agent (on behalf of the Finance Parties) may in its sole discretion accept, or (ii) prepay such amount of the Loans as may be necessary to ensure that the Fleet Market Value equals no less than three hundred per cent. percent (300%) of the aggregate outstanding unpaid loans Loans under this Agreement.”