Security Cover Ratio definition

Security Cover Ratio means, at any relevant time, the aggregate of (i) the aggregate of the Market Value of the Mortgaged Ships and (ii) the net realisable value of any additional security provided at that time under Clause 15, at that time expressed as a percentage of the Loan;
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Security Cover Ratio means, at any relevant time, the aggregate of (i) the aggregate Market Value of the Mortgaged Ships and (ii) the net realisable value of any additional security provided at that time under Clause 24.1 (Minimum required security cover), at that time expressed as a percentage of the Senior Loan.
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Security Cover Ratio means the ratio which is determined, at any time, by comparing the aggregate of the amounts referred to in paragraphs (a) and (b) of Clause 15.1 against the Loan at the relevant time;
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Examples of Security Cover Ratio in a sentence

  • The Company shall at all times upto the Final Settlement Date, ensure that the Security Cover Ratio is maintained at or above the Minimum Security Cover Ratio and shall keep the Security perfected at all times.

  • The Management is also responsible to ensure that Security Cover Ratio as on 31 March 2023 is in compliance with SEBI circular no.

  • Security Cover Ratio has been interpreted to mean coverage of the assets of the Company that are available by way of security for all the Secured Borrowings.

  • The Debenture Trustee shall on a quarterly basis, carry out the necessary diligence and monitor the Minimum Security Cover Ratio in the manner as may be specified by SEBI from time to time.

  • The Security Cover Ratio shall be calculated based on the Open Market Value of the Assigned Land against the aggregate principal amount outstanding under the SIFF.


More Definitions of Security Cover Ratio

Security Cover Ratio means the ratio which is determined at any time by comparing the aggregate Market Value of the Ships subject to a Mortgage at the relevant time against the Loan;
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Security Cover Ratio means, at any relevant time, the aggregate of:
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Security Cover Ratio means, at any relevant time, the aggregate of the Security Value expressed as a percentage of the outstanding principal amount of the Loan at the relevant time;
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Security Cover Ratio means, on any day, the ratio between:
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Security Cover Ratio means, at any relevant time, the aggregate of the items referred to in paragraphs (a) – (d) (inclusive) of Clause 15.1 expressed as a percentage of the Loan;
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Security Cover Ratio means, at any relevant time, the aggregate of (i) the aggregate of the Market Value of the Mortgaged Borrower Ships (determined in accordance with Clause 15.3), (ii) the net realisable value of any additional security provided at that time under Clause 15 and (not including, for the avoidance of doubt, any Collateral Security), (iii) the aggregate of the Minimum Liquidity Amount maintained in the Earnings Accounts of all Mortgaged the Borrower Ships in accordance with Clause 11.18 at the relevant time and (iv) the aggregate of the Cash Collateral Amount at the relevant time, at that time expressed as a percentage of the aggregate amount of (i) the Loan and (ii) the Swap Exposure;
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Security Cover Ratio means at any time, the ratio of:
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