Outstanding Value definition
Outstanding Value means, as of any time of determination, the sum of (i) the Outstanding Principal Value of this Note, (ii) accrued and unpaid Interest (iii) accrued and unpaid Late Charges (as defined in Section 26(c)) on such Outstanding Principal Value and Interest, in each case, as of such time of determination and (iv) any other unpaid amounts pursuant to the Transaction Documents, if any.
Outstanding Value means, as of any time of determination, the sum of (i) the Outstanding Principal Value of this Note, (ii) accrued and unpaid Default Interest, and (iii) accrued and unpaid Late Charges (as defined in Section 25(c)) on such Outstanding Principal Value and Default Interest, in each case, as of such time of determination.
Outstanding Value means, at any time in relation to any Payment Instrument, the maximum actual and contingent liability of the Bank at that time under or in relation to that Payment Instrument, as determined by the Bank.
Examples of Outstanding Value in a sentence
If the Bank delivers a notice of termination to Lloyd’s in respect to a Payment Instrument (“Termination Notice”) and notifies the Company of the same, the Company shall within 10 (ten) Business Days of such notification provide Collateral at least equal to 100% of the Outstanding Value.
The Company shall pay the Bank (i) in relation to any Payment Instrument under which the Company has provided Collateral at least equal to 100% of the Outstanding Value, 0.30% per annum, and (ii) in relation to any other Payment Instrument, 1.80% per annum.
More Definitions of Outstanding Value
Outstanding Value means, at any time:
Outstanding Value has the meaning set forth in Section 4.1(c)(ii).
Outstanding Value means, as of any time of determination, the sum of (i) the Outstanding Principal Value of this Note, and (ii) accrued and unpaid Default Interest, and (iii) accrued and unpaid Late Charges (as defined in Section 25(c)) on such Outstanding Principal Value and Default Interest, in each case, as of such time of determination.
Outstanding Value means, at any time in relation to any Payment Instrument, the maximum actual and contingent liability of the Bank at that time under or in relation to that Payment Instrument. as determined by the Bank. "Party" means the Company or the Bank. "Payment Instrument" means a guarantee. indemnity. bond, undertaking, standby letter of credit or similar instrument issued. or (as the case may be) to be issued, pursuant to an Application by the Bank in favour of one or more beneficiaries. such instrument to be in a form and substance satisfactory to the Bank. "Principal" means the companies listed in Schedule 2 as amended from lime to time in accordance with clause 2.8 (Additional Companies) hereof (each company being a "Principal"). "Repeating Representations" means each of the representations set out in clause 7 (Representations). "Secured Assets" means any asset of the Company which from time to time is, or is expressed or intended to be, the subject of any Facility Security. "Secured Liabilities" means all present and future indebtedness and liabilities due, owing or incurred by the Company to the Bank from time to time under or in connection with any Facility Document (in each case whether alone or jointly, or jointly and severally. with any other person, whether actually or contingently or whether as principal, surety or otherwise). "Security Interest" means a mortgage, charge, pledge, lien or other security interest securing any obligation of any person or any other agreement or arrangement having a similar effect. "Security Document" means (a) any Account Charge (b) any document or instrument required to be executed or delivered pursuant to any Security Document (including any notice of charge, any acknowledgment of notice of charge or any account control agreement)
Outstanding Value means as of any time of determination, the outstanding principal amount of this Note, accrued and unpaid interest, amounts which may become due hereunder, and other amounts owed pursuant to the Transaction Documents in each case, as of such time of determination; provided, however, with respect to the repayment of this Note on the Maturity Date, so long as no Event of Default has occurred prior to the Maturity Date, the Outstanding Value means the greater of (i) $[4,000,000] less the principal amount of this Note which has been converted prior to the Maturity Date and (ii) $0.
Outstanding Value shall have the meaning assigned to such term in the Notes.