Collateral Value Ratio definition

Collateral Value Ratio means the ratio of (a) Collateral Value as of the date of determination to (b) the aggregate principal amount of Notes (including any Additional Notes) outstanding.
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Collateral Value Ratio. As of any date of determination, the ratio obtained by dividing (a) the sum of (i) the aggregate Stated Values of the Receivables Granted to the Trustee, less the aggregate Stated Values of Excluded Receivables, all valued at the applicable Collateral Value Percentage, and (ii) all amounts on deposit in the Collection Account by (b) the Outstanding Note Principal Balance.
Sample 1
Collateral Value Ratio means, for any fiscal quarter, the ratio of (a) the aggregate Asset Value of the Eligible Projects during such fiscal quarter, divided by (b) the aggregate of the lesser of Appraised Value of the Eligible Projects during such fiscal quarter or the cost of acquiring any Acquisition Project or the actual cost of constructing any other Eligible Project.
Sample 1

Examples of Collateral Value Ratio in a sentence

  • The Borrowers will not, at the end of any month, permit the sum of (i) outstanding Loans plus (ii) the Maximum Drawing Amount under all Letters of Credit, plus (iii) Unpaid Reimbursement Obligations to be greater than seventy percent (70%) of Eligible Receivables for which invoices have been issued and are payable (the "Collateral Value Ratio").

  • Notwithstanding anything herein to the contrary, the parties hereby acknowledge and agree that the Secured Party's security interest in the Collateral hereunder shall be senior to any Pari Passu Debt that is not incurred in compliance with the Collateral Value Ratio.

  • Maintain on a Quarterly Basis per Section 6.8(b) (or monthly if requested by Lenders): Minimum Collateral Value Ratio 1:05:1.0 _____ :1.0 Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

  • Immediately after giving effect to the borrowing of the applicable DIP Advance, the Loan to Collateral Value Ratio shall not be greater than 75%.

  • Maintain on a Quarterly Basis per Section 6.8(b) (or monthly if requested by Bank): Minimum Collateral Value Ratio 1:05:1.0 ____:1.0 Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

  • Neither the Borrower nor the Grantor shall incur any indebtedness secured by any interest in the Collateral that would cause the Collateral Value Ratio to be exceeded.

  • Subject to (i) any restrictions on Borrower contained in the Loan Agreements, (ii) maintenance by Borrower and Grantor of the Collateral Value Ratio, and (iii) the provisions of Section 2.1 hereto, the Senior Creditor shall have the right, without the consent of the Junior Creditor, to extend credit to Borrower in excess of the maximum amounts set forth in the Loan Agreements or under any other agreements with Borrower, secured by the Collateral and otherwise having the same priorities as herein contained.

  • Issuer Number of Shares Value (Net of AOCI) ServisFirst Bank $ (1) Value of Eligible Collateral:$ (2) Loan Amount:$ (3) Collateral Value Ratio: : 1.00 Fixed Charge Coverage Ratio = Net Income of the Bank / Fixed Charges of Borrower Fixed Charge Coverage Ratio of for the 12 month period ending .

  • Any change in the Interest Rate Margin based on a change in the Collateral Value Ratio and (b) the definition of Interest Rate Margin shall take effect one (1) Banking Day following the closing on any Eligible Project which has the effect of changing the Collateral Value Ratio.

  • While vendor-supplied information may be used to develop a solicitation, the solicitation document should not be directly based on any of the vendor’s specifications, marketing data, or RFI response text so that no advantage is provided to any particular vendor.


More Definitions of Collateral Value Ratio

Collateral Value Ratio. As of any date of determination, the ratio of (i) the Value of the Eligible Collateral to (ii) the Loan Amount.
Sample 1
Collateral Value Ratio means in respect of a Cross Margin Account, the result of the following formula calculation:
Sample 1
Collateral Value Ratio means, on any date of determination, the percentage obtained by dividing the Net Face Amount by the sum of (i) the Net Collateral Value, (ii) the amount then on deposit in the Cash Trust Account, and (iii) all accrued and unpaid interest on the Eligible Bonds.
Sample 1
Collateral Value Ratio means, on any day on which the same falls to be determined, the ratio (expressed as a percentage) of all Advances outstanding under the Loan Facility Agreement to Collateral Value.
Sample 1

Related to Collateral Value Ratio

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Delinquency Ratio means the ratio (expressed as a percentage and rounded to the nearest 1/100 of 1%, with 5/1000th of 1% rounded upward) computed as of the last day of each calendar month by dividing: (a) the aggregate Outstanding Balance of all Pool Receivables that were Delinquent Receivables on such day by (b) the aggregate Outstanding Balance of all Pool Receivables on such day.

  • Consolidated Secured Leverage Ratio means, as of any date of determination, the ratio of (x) Consolidated Total Indebtedness secured by a Lien as of such date to (y) LTM EBITDA.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.