Fair Market Value Coverage Ratio definition
Fair Market Value Coverage Ratio has the meaning set forth in Section 5.04(c).
Examples of Fair Market Value Coverage Ratio in a sentence
The Borrower shall deliver to the Administrative Agent a certificate of a Responsible Officer of the Borrower, together with back-up calculations and copies of the relevant appraisals on each date on which the Fair Market Value Coverage Ratio is required to be determined.
At its expense, deliver a certificate of a Responsible Officer confirming that the Borrower is in compliance with the Fair Market Value Coverage Ratio, at the times and meeting the requirements set forth in Section 5.04(c).
The Fair Market Value Coverage Ratio determined on the Closing Date and thereafter on the last day of each fiscal quarter.