Minimum Collateral Value definition

Minimum Collateral Value means (1) as of the Designated Sale Date or any prior date, an amount equal to the Collateral Percentage multiplied by the Stipulated Loss Value determined as of that date in accordance with the Improvements Lease; and (2) as of any date after the Designated Sale Date, an amount equal to the Break Even Price plus any unpaid interest accrued on past due amounts payable pursuant to Paragraph 1(a) of the Purchase Agreement.

Minimum Collateral Value means (i) prior to the issuance or incurrence of any Permitted Senior Debt pursuant to Section 9.02(j), an amount equal to the then effective Borrowing Base and (ii) immediately prior to the issuance or incurrence of any such Permitted Senior Debt and at all times thereafter, an amount equal to 75% of the total PV9% value of all of Borrower’s and the Restricted Subsidiaries’ proved reserves, in each case based upon the Administrative Agent’s then current commodity price projections and assumptions.

Minimum Collateral Value means the product of the aggregate outstanding principal and interest on the Loans multiplied by four (4).

Examples of Minimum Collateral Value in a sentence

• On each Base Rent Date, NAI must deliver to Agent, subject to the pledge and security interest created hereby, funds as Cash Collateral then needed (if any) to cause the Value of the Collateral to be no less than the Minimum Collateral Value.

• On the Effective Date and each Business Day thereafter, including each Base Rent Date, LRC must deliver to BNPPLC for deposit directly into the Transition Account, or (if directed to do so by BNPPLC) deliver to Deposit Takers for deposit directly into the Deposit Accounts, in either case subject to the pledge and security interest created hereby, funds as Cash Collateral then needed (if any) to cause the Value of the Cash Collateral to be no less than the Minimum Collateral Value.

• Maintain the Value of the Pledged CD in an amount equal to or greater than the Minimum Collateral Value.

• Provided, however, that no transactions may be made on a margin basis and: [X] Pledger may not, without the Xxxx'x prior written consent, withdraw any sums or other assets from the Securities Account if the aggregate market value of the remaining Collateral would be less than $220,000.00 ("Minimum Collateral Value").

• Borrower will maintain the Value of the Pledged CD(s) in an amount equal to or greater than the Minimum Collateral Value.

More Definitions of Minimum Collateral Value

Minimum Collateral Value means (1) as of the Designated Sale Date or any prior date, an amount equal to the Lease Balance determined as of that date in accordance with the definition thereof in the Common Definitions and Provisions Agreement; and (2) as of any date after the Designated Sale Date, an amount equal to the Make Whole Amount computed as of that date under and as defined in the Purchase Agreement; except that after the Designated Sale Date, if any Supplemental Payment which may be required has been paid, and so long as no 97-1/Default (100%) (as defined in the Purchase Agreement) has occurred and is continuing, the Minimum Collateral Value will be zero.

Minimum Collateral Value means an aggregate principal amount equal to all Obligations owing from Borrower to Bank under the Revolving Non-Formula Line.

Minimum Collateral Value means, in respect of any Ex-Dividend Date, 2.5 times the difference of (a) the Termination Notional Amount (as defined in the Contract) as of such Ex-Dividend Date less (b) the Remaining Cash Collateral as of such Ex-Dividend Date.

Minimum Collateral Value means an aggregate principal amount equal to $2,000,000.

Minimum Collateral Value means (1) as of the Designated Sale Date or any prior date, an amount equal to the Collateral Percentage multiplied by the Stipulated Loss Value determined as of that date in accordance with the Lease; and (2) as of any date after the Designated Sale Date, an amount equal to the Purchase Price plus any unpaid interest on past due amounts that has accrued pursuant to Paragraph 2(a) of the Purchase Agreement.

Minimum Collateral Value shall have the meaning specified in Section 4.21.

Minimum Collateral Value means (a) from the Effective Date until the Commitment Termination Date, an aggregate principal amount equal to Two Hundred Fifty Thousand Dollars ($250,000) and (b) from and after the Commitment Termination Date until the obligations have been paid in full, an aggregate principal amount equal to five percent (5%) of the aggregate Loan Amount of all Advances; provided that on the first (1st) day of the eighteenth (18th) month following the Funding Date of each Advance, if no Event of Default has occurred and is continuing then the Minimum Collateral Value shall be reduced by an amount equal to five percent (5%) of the Loan Amount of such Advance.