Adjusted Collateral Value definition

Adjusted Collateral Value means, at any time (a) in the case of Collateral referred to in clause (a) or (b) of the definition of such term, 97.087% of the Collateral Value thereof, (b) in the case of Collateral referred to in clause (c) of the definition of such term, 95.238% of the Collateral Value thereof and (c) in the case of Collateral referred to in clause (d) or (e) of the definition of such term, 86.957% of the Collateral Value thereof.
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Adjusted Collateral Value. With respect to any Distribution Date, the excess of the Stated Principal Balance of any Mortgage Loan over the related Collateral Value Adjustment.
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Adjusted Collateral Value means, with respect to each Collateral Loan, as of any date of determination and expressed as a percentage of the Principal Balance of such Eligible Collateral Loan, a percentage equal to:
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Examples of Adjusted Collateral Value in a sentence

  • Pledgor agrees that the failure to maintain Collateral with an Adjusted Collateral Value as set forth above shall constitute an Event of Default under this Agreement.

  • At all times during the term of the Agreement, Pledgor agrees to maintain as security for the Obligation Collateral of a type described on Schedule I with an Adjusted Collateral Value (as determined herein) in excess of the unpaid principal balance of the Obligation.

  • The Adjusted Collateral Value shall be determined by multiplying the Collateral Value (as defined in subparagraph B below) by the Margin Call Percentage shown on Schedule I for the type of Collateral securing the Obligation.

  • Such Obligor shall at all times maintain Collateral in the Custodial Account maintained in its name in an amount such that the Adjusted Collateral Value is not less than the sum of all amounts then outstanding with respect to the sum of the Letter of Credit Obligations and Reimbursement Obligations of such Obligor.

  • I confirm, and set out in Attachment 2 [conform to table in Exhibit D] calculations demonstrating, that as of the Certification Date, PXRE Reinsurance Ltd is in compliance with the requirements of Clause 6.11 (Adjusted Collateral Value) of the Agreement.


More Definitions of Adjusted Collateral Value

Adjusted Collateral Value means, with respect to any Asset, its Assigned Value multiplied by its Principal Balance; provided that, the parties hereby agree that the Adjusted Collateral Value of any Asset (or portion thereof) that is not a Portfolio Asset shall be zero.
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Adjusted Collateral Value shall have the meaning set forth in the Letter of Credit Agreement.
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Adjusted Collateral Value has the meaning set forth in the Loan Agreement.
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Adjusted Collateral Value has the meaning given to it in Section 4.2.
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Adjusted Collateral Value means, as of any date of determination thereof, an amount equal to the sum of:
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Adjusted Collateral Value means, with respect to any Railcar as of any date of determination, the difference of (a) the Original Value of such Railcar minus (b) the product of (x) the Monthly Depreciation of such Railcar multiplied by (y) the number of Measuring Periods elapsed since the date such Railcar was acquired by the Borrower to such date of determination.
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Adjusted Collateral Value means the Margin Call Percentage of the Collateral Value.
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