Minimum Required Security Cover definition
Minimum Required Security Cover means the minimum required security cover to be maintained in terms of clause 26.1 of the Facility Agreement (Minimum required security cover).
Examples of Minimum Required Security Cover in a sentence
Grindrod will only be obliged to provide the Security if the terms thereof can be agreed between Grindrod and the Lenders on a mutually satisfactory basis and if Grindrod is satisfied that the Security will be taken into account so as to allow the Company to maintain the Minimum Required Security Cover.