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 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 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 percent (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 percent 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 percent 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 one hundred percent 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 percent 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 hundred percent 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 percent per cent. (300%) of the aggregate outstanding unpaid Loans loans under this Agreement.”