Minimum Value. The Custodian reserves the right to establish IRA account minimums. The Custodian may resign or charge additional fees if the minimums are not met. Other Providers. At its discretion, the Custodian may appoint other service providers to fulfill certain obligations, including reporting responsibilities, and may compensate such service providers accordingly.
Minimum Value. The Custodian reserves the right to establish Xxxx XXX account minimums. The Custodian may resign or charge additional fees if the minimums are not met. Other Providers. At its discretion, the Custodian may appoint other service providers to fulfill certain obligations, including reporting responsibilities, and may compensate such service providers accordingly.
Minimum Value. All of the parties to this Agreement recognize that one of the conditions to the Stockholders consummating the transactions contemplated herein is that the IPO shall be closed and the Stockholders (as a group) shall be entitled to receive consideration not less than the Minimum Value set forth on Annex I attached hereto.
Minimum Value. The Custodian reserves the right to establish Xxxxxxxxx ESA account minimums. The Custodian may resign or charge additional fees if the minimums are not met. Other Providers. At its discretion, the Custodian may appoint other service providers to fulfill certain obligations, including reporting responsibilities, and may compensate such service providers accordingly.
Minimum Value. (a) The Borrower shall ensure that the aggregate Market Value of the Vessels (plus any additional security previously provided by the Borrower under paragraph (b) below) is at all times:
(i) during the period from and including the first Utilisation Date until the second anniversary thereof, at least equal to 110 per cent. of the aggregate of the principal amount of the Loans;
(ii) during the period from and including the second anniversary of the first Utilisation Date until fourth anniversary thereof, at least equal to 120 per cent. of the aggregate of the principal amount of the Loans; and
(iii) at any time thereafter at least equal to 125 per cent. of the aggregate of the principal amount of the Loans.
(b) The Borrower shall, if the Market Value does not at any time comply with the requirements set out in paragraph (a) above, within thirty (30) days from receipt of a written demand from the Agent (acting on the instructions of the Majority Lenders) either make a prepayment of the Loans in accordance with Clause 7.5 (Voluntary prepayment), or provide the Finance Parties with such additional security, in form and substance satisfactory to the Lenders, required to restore the aforesaid ratio.
Minimum Value. The Market Value of the Ships pursuant to the attached survey is [•]. The Borrowers shall ensure that the Market Value of the Ships shall be at least the higher of:
(a) one hundred and thirty-five per cent (135%) of the amount outstanding under the Nordea Facility at any time; and
(b) [●] per cent ([●]%) of the aggregate of (i) the amount outstanding under the Nordea Facility and (ii) the Advance at any time; The covenant in Clause 14.2.3 (Minimum value) is thus [not] satisfied.]
Minimum Value. The Borrower shall ensure that the Market Value of the Vessels be at least one hundred and twenty per cent (120.00%) of the Loan at any time.
Minimum Value. 37 7.17 DIRECTORS. ....................................................37 7.18
Minimum Value. If at any time the aggregate of the Ship's Value of the Vessels shall fall below 140 % of the Loan, the Borrower shall either (i) prepay the amount of the Loan necessary to restore such ratio or (ii) provide additional security for the Loan which in the reasonable opinion of all Lenders is deemed satisfactory for restoring such ratio.
Minimum Value. The Borrowers shall ensure that the Market Value of the Ships be at least the higher of:
(a) one hundred and thirty-five per cent (135%) of the amount outstanding under the Nordea Facility at any time; and
(b) one hundred and twenty per cent (120%) of the aggregate of (i) the amount outstanding under the Nordea Facility and (ii) the Advance;
