Collateral Call. The Issuer shall maintain at all times the Minimum Asset Coverage Requirement. If the Issuer is notified by the Valuation Agent that the Asset Coverage Ratio is below the Minimum Asset Coverage Requirement, the Issuer shall deposit cash or Eligible Loans (valued at no greater than the aggregate Principal Balance thereon), within three Business Days, or such other period as agreed to by the Required Note Purchasers in writing, of receipt of notice from the Valuation Agent, in the Collection Account of the Trust Estate the amount specified by the Valuation Agent as necessary to meet the Minimum Asset Coverage Requirement.
Appears in 2 contracts
Sources: Warehouse Note Purchase and Security Agreement (Nelnet Inc), Warehouse Note Purchase and Security Agreement (Nelnet Inc)