Examples of Collateral Coverage Minimum in a sentence
For the avoidance of doubt, nothing in this Section 2.6 shall be deemed to negate the requirement in the Credit Agreement that the Collateral Coverage Minimum be satisfied.
The last sentence of Section 8.19 of the Credit Agreement is hereby amended to read in full as follows: “The PV-9 of the Mortgaged Properties equals or exceeds the Collateral Coverage Minimum, except during cure periods for Collateral Coverage Minimum shortfalls as permitted in accordance with Section 9.10(c).”.
And maybe you have heard others say that sprinkling or pouring is a better way.
It is agreed and understood that the only obligation the Company shall have under this Agreement or the Note Documents with respect to providing a valid and perfected Parity Lien with respect to real property shall be to deliver Mortgages to the Collateral Agent (i) with respect to Oil and Gas Properties sufficient to meet the Collateral Coverage Minimum and (ii) with respect to any real property subject to a Priority Lien securing the Credit Agreement.
For example, Texas enacted legislation in May 2015 requiring towers be marked.