Common use of Minimum Value Adjusted Equity Ratio Clause in Contracts

Minimum Value Adjusted Equity Ratio. The Borrower shall at all times during the Security Period maintain a Value Adjusted Equity Ratio of minimum forty-five per cent (45.00%).

Appears in 2 contracts

Samples: Facility Agreement (Nordic American Offshore Ltd.), Facility Agreement (Nordic American Offshore Ltd.)

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Minimum Value Adjusted Equity Ratio. The Borrower shall at all times during the Security Period maintain a Value Adjusted Equity Ratio of minimum fortythirty-five per cent (45.0035.00%).

Appears in 1 contract

Samples: Assignment Agreement (NORDIC AMERICAN TANKERS LTD)

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Minimum Value Adjusted Equity Ratio. The Borrower shall procure that the Guarantor (on a consolidated basis) shall at all times during the Security Period maintain a minimum Value Adjusted Equity Ratio of minimum forty-five thirty per cent (45.0030.00%).

Appears in 1 contract

Samples: Assignment Agreement (B Plus H Ocean Carriers LTD)

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