Examples of Security Coverage Ratio in a sentence

If at any time the Security Coverage Ratio is less than one hundred and twenty per cent (120%) (the "Asset Coverage Threshold"), the Lessee shall, within thirty (30) days of first demand from the Lessor, provide additional cash collateral and deposit the same in the Dividend Lock-up Account, in order to restore the Security Coverage Ratio to compliance with the Asset Coverage Threshold.
Any undertaking under Clause 22.2 (Security Coverage Ratio) is breached.
The Company shall by no later than 30 days after each LTV Testing Date, issue in favour of the Security Agent a compliance certificate in relation to the Minimum Coverage Threshold signed by the Chief Financial Officer of the Company in the form agreed by the Company and the Lenders, attaching the valuation reports of the Collateral Rigs obtained in accordance with this Clause 20.5 ( Security Coverage Ratio).
If on any LTV Testing Date or Valuation Date the Security Coverage Ratio is less than two hundred per cent.
The Company breaches its obligation to restore the Security Coverage Ratio to comply with the Minimum Coverage Threshold under paragraph (a) of Clause 20.5 ( Security Coverage Ratio).

More Definitions of Security Coverage Ratio

Security Coverage Ratio means at any relevant time, an amount (expressed as a percentage) which is equal to (A/B) x 100 where A is the aggregate of the Fair Market Values of all the Collateral Rigs (other than any Collateral Rigs to which a Remedy Period applies) and any additional cash or collateral already provided to restore the Minimum Coverage Threshold and B is the Loan outstanding.

Security Coverage Ratio means at any relevant time, the ratio of (i) the Fair Market Value of the Rig plus the balance of the Rental Reserve Account and any additional cash already provided to restore the Asset Coverage Threshold to (ii) the Notional Rent Outstanding. "Security Documents" means

Security Coverage Ratio means a ratio of the aggregate Fair Market Value of the Mortgaged Vessels to the aggregate principal amount of the Loan, the UABLPY Loan and, if made, the Parallel Loan;

Security Coverage Ratio means on any date of determination, the ratio of (a) the sum of the Average Price on such date of determination multiplied by the number of shares in Shanda Games that are subject of Transaction Security to (b) the amount of the Loan outstanding on such date of determination.

Security Coverage Ratio means the ratio of (i) the value of the Secured Property to (ii) the outstanding principal amount of the Issuer’s and its Subsidiaries’ Indebtedness (calculated on a consolidated basis) which is secured by the Secured Property from time to time;

Security Coverage Ratio. As at any date of determination, the ratio of (i) the sum of (a) the book value of the Collateral as set forth in the audited financial statements most recently delivered pursuant to this Agreement minus (b) Revaluation Reserves minus (c) Intangible Assets to (ii) the Obligations outstanding at such time, provided that loans made available by the Borrower to its Affiliates and dues from Affiliates of the Borrower due to the Borrower shall be excluded from such calculations.

Security Coverage Ratio means, at the given point of time, the ratio of the fair market value of the Collateral (including, for the avoidance of doubt, the interest service reserve account created pursuant to the Escrow Accounts Agreement and the amounts deposited in such account) to the Aggregate Permitted Pari Passu Secured Indebtedness.