Collateral Coverage Amount Sample Clauses
The Collateral Coverage Amount clause defines the minimum value of collateral that must be maintained to secure an obligation or loan. In practice, this clause specifies how the required collateral is calculated, often as a percentage of the outstanding loan balance or exposure, and may require the collateral value to be regularly monitored and adjusted if market values fluctuate. Its core function is to ensure that the lender or secured party is adequately protected against the risk of default by maintaining sufficient collateral at all times.
Collateral Coverage Amount. The Total Outstandings shall not exceed the Collateral Coverage Amount.
Collateral Coverage Amount. On any date, an amount equal to the sum of the Adjusted Fair Market Value of all Eligible Collateral.
Collateral Coverage Amount. Permit the Collateral Coverage Amount to be less than, at any time, the aggregate outstanding principal amount of Term Loans.
Collateral Coverage Amount. After giving effect to the proposed Term Loan, the Collateral Coverage Amount shall not be less than the aggregate outstanding principal amount of the Terms Loans.
Collateral Coverage Amount. See Section 6.8.
Collateral Coverage Amount. The Collateral Coverage Amount shall at any time be based on the most recent calculation of the Collateral Coverage Amount delivered by the Parent to the Administrative Agent pursuant to Section 5.05(q). Following the Administrative Agent’s receipt of the calculation of the Collateral Coverage Amount pursuant to Section 5.05(q), the Administrative Agent shall review the terms thereof and shall notify the Issuing Bank, the Swingline Bank, the Lenders and the Parent of the Collateral Coverage Amount that shall apply for the period up to the next determination of the Collateral Coverage Amount. If at any time the Parent fails to deliver the calculation of the Collateral Coverage Amount within the times specified in Section 5.05(q), then the most recent Collateral Coverage Amount shall be deemed to be in effect until the Administrative Agent receives such calculation.
Collateral Coverage Amount. The Dollar Equivalent of the Aggregate Maximum Drawing Amount plus the Dollar Equivalent of all Unpaid Reimbursement Obligations consisting of amounts paid under Letters of Credit, as set forth in Section 2.2(a)(i), shall not exceed the Collateral Coverage Amount.
Collateral Coverage Amount. Section 7.03(a) of the Financing Agreement is hereby amended and restated in its entirety to read as follows:
(a) Reserved.”