Common use of Minimum Collateralization Clause in Contracts

Minimum Collateralization. Debtor shall maintain at all times a Minimum Collateralization Ratio of at least 150.00% (the “Required MCR”). If at any time Lender determines that Debtor has failed to maintain the Required MCR, Debtor shall prepay a portion of the Loan (prior to the close of business on the fifth (5th) Business Day after notice to Debtor following such determination) in an amount sufficient to be in compliance with the Required MCR, provided, however, no such payment shall be required if Debtor assigns to Lender pursuant to this Agreement a replacement Eligible Note (or Eligible Notes) that is (are) in an amount sufficient to cause Debtor to be in compliance with the Required MCR.

Minimum Collateralization. Debtor shall maintain at all times a Minimum Collateralization Ratio of at least 150.00128.00% (the “Required MCR”). If at any time Lender determines that Debtor has failed to maintain the Required MCR, Debtor shall prepay a portion of the Loan (prior to the close of business on the fifth (5th) Business Day after notice to Debtor following such determination) in an amount sufficient to be in compliance with the Required MCR, provided, however, no such payment shall be required if Debtor assigns to Lender pursuant to this Agreement a replacement Eligible Note (or Eligible Notes) that is (are) in an amount sufficient to cause Debtor to be in compliance with the Required MCR.

Minimum Collateralization. Debtor Borrower shall maintain at all times a Minimum Collateralization Ratio of at least 150.00120.00% (the “Required MCR”). If at any time Lender Credit Union determines that Debtor Borrower has failed to maintain the Required MCR, Debtor Borrower shall prepay a portion of the Loan (prior to the close of business on the fifth (5th) Business Day after notice to Debtor Borrower following such determination) in an amount sufficient to be in compliance with the Required MCR, provided, however, no such payment shall be required if Debtor Borrower assigns to Lender Credit Union pursuant to this Agreement a replacement Eligible Note (or Eligible Notes) or pledges additional compensating cash monies that is (are) in an amount sufficient to cause Debtor Borrower to be in compliance with the Required MCR..  

Minimum Collateralization. Debtor Borrower shall maintain at all times a Minimum Collateralization Ratio of at least 150.00120.00% (the “Required MCR”). If at any time Lender Credit Union determines that Debtor Borrower has failed to maintain the Required MCR, Debtor Borrower shall prepay a portion of the Loan (prior to the close of business on the fifth (5th) Business Day after notice to Debtor Borrower following such determination) in an amount sufficient to be in compliance with the Required MCR, provided, however, no such payment shall be required if Debtor Borrower assigns to Lender Credit Union pursuant to this Agreement a replacement Eligible Note (or Eligible Notes) that is (are) in an amount sufficient to cause Debtor Borrower to be in compliance with the Required MCR.. 

Minimum Collateralization. Debtor Borrower shall maintain at all times a Minimum Collateralization Ratio of at least 150.00120.00% (the “Required MCR”). If at any time Lender Credit Union determines that Debtor Borrower has failed to maintain the Required MCR, Debtor Borrower shall prepay a portion of the Loan (prior to the close of business on the fifth (5th) Business Day after notice to Debtor Borrower following such determination) in an amount sufficient to be in compliance with the Required MCR, provided, however, no such payment shall be required if Debtor Borrower assigns to Lender Credit Union pursuant to this Agreement a replacement Eligible Note (or Eligible Notes) that is (are) in an amount sufficient to cause Debtor Borrower to be in compliance with the Required MCR.