Collateral Coverage Ratio Failure definition
Collateral Coverage Ratio Failure means, as of any date of determination, the failure of the Collateral Coverage Ratio as of such date to be at least equal to 1.6 to 1.0.
Collateral Coverage Ratio Failure shall have the meaning set forth in Section 6.09(a).
Collateral Coverage Ratio Failure means, as of any date of determination, that the Collateral Coverage Ratio as of such date exceeds the Weighted Average Advance Rate as of such date.
More Definitions of Collateral Coverage Ratio Failure
Collateral Coverage Ratio Failure means the circumstance in which (i) all Loans Outstanding as of the last day of the most recent Collection Period minus any amounts to be distributed pursuant to Section 2.08(v) on the related Payment Date exceeds the Borrowing Base as of the last day of such Collection Period and (ii) the Collateral Coverage Ratio as of the last day of such Collection Period exceeds (a) the sum of the minimum Collateral Coverage Ratio as of the last day of the second preceding Collection Period through the last day of the seventh preceding Collection Period and [***]% and (b) [***]%.
Collateral Coverage Ratio Failure means, as of any date of determination, the failure of the Collateral Coverage Ratio as of such date to be at least equal to (i) 2.00 to 1.00 with respect to Collateral secured pursuant to the First Lien SGR Security Agreement or (ii) 1.33 to 1.00 with respect to Collateral secured pursuant to the Second Lien SGR Security Agreement.
Collateral Coverage Ratio Failure means, as of any date of determination, the failure of the Collateral Coverage Ratio as of such date to be at least equal to the Minimum Collateral Coverage Ratio.
Collateral Coverage Ratio Failure means, as of any date of determination, the failure of the Collateral Coverage Ratio as of such date to be at least equal to the Minimum Collateral Coverage Ratio.