Security Ratio definition

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.
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Security Ratio means in respect of each Security, 1.00.
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Security Ratio has the meaning given to that term in Clause 19.1 (Security definitions).
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Examples of Security Ratio in a sentence

  • The Vested Benefit Security Ratio is based upon the market value of assets.

  • The Vested Benefit Security Ratio is measured on a market value of assets basis.

  • 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.

  • Title of the thesis: Bayesian methods for the design and analysis of complex follow-up studies;• Oct 2019, Ecole Polytechnique Fédérale de Lausanne (EPFL), Switzerland.

  • At any time during an arbitration, upon request of all the parties to the arbitration, the arbitrator(s) may make application to the Tribal Court for advice on any question of Tribal law or state or federal law arising in the course of the arbitration so long as such parties agree in writing that the advice of the Tribal Court shall be final as to the question presented and that it shall bind the arbitrator(s) in rendering any award.


More Definitions of Security Ratio

Security Ratio means, from time to time, the aggregate of:
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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".
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Security Ratio means the amount specified as such in the applicable Final Terms.
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Security Ratio means the amount specified as such in the applicable Final Terms. "UD" means the Valuation Price in respect of Scheduled Trading Day "D".
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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.
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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.
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Security Ratio means, (A) in the case of any Indebtedness secured by all or any portion of the Project Facilities, 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 1.4(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 and (B) in the case of any Indebtedness secured by all or any portion of the Guarantor Project Facilities, at any time the value of the property subject to the Lien of the Guarantor Mortgage, as such value is determined by an appraisal required by Section 1.4(k) hereof, divided by the sum of (i) the amount (including interest which has accrued and is being deferred) of Senior Indebtedness, plus (ii) an amount not in excess of $3,500,000 of the Bonds Outstanding.
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