Examples of Collateral Coverage Requirement in a sentence
Defendants also argue that the PPM fully discloses the process by which the administrative fees are calculated and paid and that, under the Administrative Services Agreement (the “ASA Agreement”), the administrative fee that may be paid to MCC must be such that the Collateral Coverage Requirement (the “CCR”)1 remains in excess of 100%.
For purposes of testing compliance with the Collateral Coverage Requirement, the value of Real Estate will be determined using the fair market value thereof as set forth in the third party appraisals required to be delivered to the Lender after the Restatement Date pursuant to Section 7.14 and the value of Equipment will be determined using the Net Book Value thereof.
As of the Closing Date, after giving effect to the Transactions, the Collateral Coverage Requirement is satisfied.
These estimates involve assumptions about such items as risk adjustment to cash flows or discount rates used, future changes in salaries and future changes in prices affecting other costs.
For purposes of testing compliance with the Collateral Coverage Requirement, the value of Real Estatethe Montgomery, MN Parcel will be determined using the fair market value thereof as set forth in the third party appraisalsappraisal required to be delivered to the Lender after the RestatementAmendment 1 Effective Date pursuant to Section 7.14(b) and the value of Equipment will be determined using the Net Book Value thereof.