Security Ratio means at any time the value of the property subject to the lien of the Mortgage, as such value is determined by an appraisal required by Section 2.4(k) hereof, divided by the sum of (i) the amount (including interest which has accrued and is being deferred) of Senior Indebtedness, plus (ii) the amount of the Bonds outstanding, plus (iii) the amount (including interest which has accrued and is being deferred) of the Indebtedness outstanding to the City of Gloucester secured by the mortgages described in Exhibit C hereto.

Security Ratio means in respect of each Security, 0.10.

Security Ratio means in respect of each Security, 1.00.

Examples of Security Ratio in a sentence

Otherwise, the Certificates are redeemable annually by investors and daily from the Issue Date by the Issuer.The amount payable on redemption of the Certificates will be determined by reference to the value of the Reference Asset, the outstanding financed amount and the Security Ratio and any dividends that have been paid per Share during the life of the Certificates.The maximum loss for an investor in respect of each Certificate is limited to the purchase price of the Certificate.
If the Borrower or a third party has provided additional security in accordance with Clause 15.2 and subsequently, as evidenced by a Recent Valuation, the Security to Exposure Ratio, expressed as a percentage, exceeds 130%, such additional security or part thereof shall be released to the Borrower so that immediately after such release the Minimum Security Ratio is maintained.
The Security Ratio for GGRF is calculated as the Actuarial Value of Assets divided by the Actuarial Accrued Liability.
Even in far worse market conditions, lenders’ Security Ratio is virtually unchanged, and a disproportionate amount of potential strip-down losses lies with the second-lien debt.
Thereafter, you shall ensure that the revised Loan to Security Ratio is not breached at any time.

More Definitions of Security Ratio

Security Ratio has the meaning given to that term in Clause 19.1 (Security definitions).

Security Ratio means, from time to time, the aggregate of:

Security Ratio means in respect of each Security, 0.01.

Security Ratio means at any time the value of the property subject to the lien of the Mortgage, as such value is determined by an appraisal required by Section 2.5(j) hereof, divided by the sum of (i) the amount (including interest which has accrued and is being deferred) of Parity Indebtedness (as defined in Section 2.5(j) hereof) plus (ii) the amount of the Bonds outstanding plus (iii) the amount (including interest which has accrued and is being deferred) of the Indebtedness outstanding to the City of Gloucester secured by the mortgages described in clauses (i), (ii) and (iii) of Section 9.1(k) of this Agreement.

Security Ratio means for purposes of determining the Company's obligations in the case of an Event of Loss or a sale, deemed sale, disposition, or release of Collateral (collectively for the purposes of this definition, "disposition"), a fraction (i) the numerator of which is the sum of the aggregate Fair Market Value of the Pledged Spare Parts and Acquired Slots remaining or to be remaining after such disposition and (ii) the denominator of which is the aggregate principal amount of the Securities Outstanding minus the ----- Fair Market Value of the existing Cash Collateral, which fraction, for purposes of the Substitution Requirements, Section 6.02(b) of the Master Sub-License Agreement and Section 4.04(f) of the Pledge Agreement shall be at least 2.0 over 1.

Security Ratio means the amount specified as such in the applicable Final Terms.

Security Ratio means the amount specified as such in the applicable Final Terms. "SLPC" means the Current Stop Loss Premium in respect of calendar day "c".