Examples of Additional Collateral in a sentence
In order to prevent or remedy any Early Amortization Event by a pledge of Additional Collateral, such Additional Collateral must, together with all other items of Additional Collateral, have a Permitted Advance Amount at least equal to the amount which the Borrower would be required to prepay a Loan or Loans in accordance with Section 2.08(b) in order to remedy such Early Amortization Event.
In the event that an Early Amortization Event has occurred and to the extent the Borrower has not otherwise elected, if they are entitled to so elect, to remedy such Early Amortization Event by providing Additional Collateral in accordance with Section 7.05, the Borrower may prepay the outstanding principal amount of each Loan (pro rata among the Loans and in inverse order of maturity) made to it which is necessary to prepay in order to remedy such Early Amortization Event.