Common use of Minimum Value Adjusted Equity Clause in Contracts

Minimum Value Adjusted Equity. The Minimum Value Adjusted Equity of the Guarantor (on a consolidated basis) was USD [•]. The Guarantor shall at all times maintain a Minimum Value Adjusted Equity of USD 50,000,000. The covenant in Clause 5.3.2(a) is thus [not] satisfied.

Appears in 2 contracts

Samples: Loan Agreement, Side Letter (B Plus H Ocean Carriers LTD)

AutoNDA by SimpleDocs

Minimum Value Adjusted Equity. The Minimum Value Adjusted Equity of the Guarantor (on a consolidated basis) was USD US$[•]. The Guarantor (on a consolidated basis) shall at all times during the Security Period maintain a Minimum Value Adjusted Equity of USD 50,000,000US$ 30,000,000. The covenant set out in Clause 5.3.2(a14.2.1 (Minimum Value Adjusted Equity) is thus [not] satisfied.

Appears in 2 contracts

Samples: Loan Agreement (B Plus H Ocean Carriers LTD), Loan Agreement (B Plus H Ocean Carriers LTD)

Minimum Value Adjusted Equity. The Minimum Value Adjusted Equity of the Guarantor (on a consolidated basis) was USD [•]. 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 of USD 50,000,00030,000,000. The covenant set out in Clause 5.3.2(a20.2.1 (Minimum Value Adjusted Equity) is thus [not] satisfied.

Appears in 1 contract

Samples: Term Loan Facility Agreement (B Plus H Ocean Carriers LTD)

Minimum Value Adjusted Equity. The Minimum Value Adjusted Equity of the Guarantor (on a consolidated basis) was USD [•]. The Guarantor shall at all times maintain a Minimum Value Adjusted Equity of USD 50,000,000. The covenant set out in Clause 5.3.2(a20.2.2 (Minimum cash balance) is thus [not] satisfied.

Appears in 1 contract

Samples: Term Loan Facility Agreement (B Plus H Ocean Carriers LTD)

AutoNDA by SimpleDocs

Minimum Value Adjusted Equity. The Minimum Value Adjusted Equity of the Guarantor (on a consolidated basis) was USD [•]. The Borrowers shall procure that the Guarantor (on a consolidated basis) shall at all times during the Security Period maintain a Minimum Value Adjusted Equity of USD 50,000,00030,000,000. The covenant set out in Clause 5.3.2(a20.2.1 (Minimum Value Adjusted Equity) is thus [not] satisfied.

Appears in 1 contract

Samples: Reducing Revolving Credit Facility Agreement (B Plus H Ocean Carriers LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!