Collateral Ratio means a percentage determined by dividing (i) the aggregate principal amount of all Securities Outstanding minus the sum of the Cash Collateral held by the Collateral Agent by (ii) the Fair Market Value of all Collateral (excluding any Cash Collateral), as set forth in the most recent Independent Appraiser's Certificate delivered by the Company pursuant to Article 2 of the Collateral Maintenance Agreement, as supplemented pursuant to Section 3.1 of the Collateral Maintenance Agreement, if applicable.
Collateral Ratio means, as to any Borrower, the ratio of (a) the sum of the Loan Value of Direct Collateral of such Borrower plus the Borrower Collateral Percentage of the Loan Value of Indirect Collateral to (b) the aggregate principal amount of the Loans of such Borrower then outstanding.
Collateral Ratio means, at any date, the ratio of:
Examples of Collateral Ratio in a sentence
If the Lender fails to maintain the Minimum Collateral Ratio as provided in the previous sentence, the Borrower shall have no obligation to make the Prepayment Amount.
The Lender agrees that it shall (i) ensure that the Collateral Ratio shall not be less than the Minimum Collateral Ratio no later than five (5) days prior to the proposed Prepayment Date (which shall be calculated in accordance with the formula under the definition of “Collateral Ratio” as provided under Clause 6.5 (Collateral Ratio) below and also after giving effect to such Prepayment Amount to be made by the Borrower to the US$ Charged Account on the proposed Prepayment Date).
More Definitions of Collateral Ratio
Collateral Ratio has the meaning given to it under Clause 6.5 (Collateral Ratio).
Collateral Ratio means, as of any date of determination, a percentage determined by dividing (i) the outstanding principal balance of the Securities as of such date minus the sum of the Cash Collateral then held by the Securities Intermediary by (ii) the Fair Market Value of all Collateral (excluding Cash Collateral), as set forth in the most recent Independent Appraiser’s Certificate delivered by the Company pursuant to Section 4.10.
Collateral Ratio has the meaning ascribed to it in Section 4.07(b)(iii)(C).
Collateral Ratio means the Class A Collateral Ratio or the Class B Collateral Ratio, as applicable.
Collateral Ratio means the ratio, calculated as a percentage, of (i) the aggregate fair market value, (as determined in good faith by the chief financial officer of the Company), as of the date of determination, of the Collateral (excluding any Capital Stock of any Person that is not a member of the Secured Group but including the book value of any Permitted Joint Ventures or JV Holding Companies owned by members of the Secured Group) to (ii) the aggregate principal amount of Collateralized Debt as of the date of determination; provided that, to the extent that at the date of determination such Collateral includes any real property, the aggregate fair market value of such real property Collateral shall be determined based on an appraisal by an independent appraiser within the preceding 18 months, as adjusted by the chief financial officer in good faith to reflect changes since the date of such appraisal.
Collateral Ratio means a percentage determined by dividing (i) the aggregate outstanding Original Amount of all Series G Equipment Notes minus the sum of the Cash Collateral held by the Securities Intermediary by (ii) the Fair Market Value of all Collateral (excluding any Cash Collateral), as set forth in the most recent Independent Appraiser’s Certificate delivered by the Owner pursuant to Article 2 of the Collateral Maintenance Agreement, as supplemented pursuant to Section 3.1 of the Collateral Maintenance Agreement, if applicable.
Collateral Ratio. The ratio, expressed as a percentage which, where a party shall provide collateral in accordance with that which is stated in further detail in section 11.1, for Securities Loans, shall form the basis for the calculation of the Collateral Requirement.