Common use of Collateral Coverage Ratio Clause in Contracts

Collateral Coverage Ratio. (a) Within thirty (30) Business Days after delivery of each Appraisal that is required to be delivered pursuant to Section 4.13 in any applicable calendar year (such day, a “Reference Date,” and the thirtieth (30th) Business Day after a Reference Date, the “Certificate Delivery Date”), the Company will deliver to the Trustee a Collateral Coverage Ratio Certificate containing (i) a calculation of the Collateral Coverage Ratio with respect to such Reference Date and (ii) for each Collateral Coverage Ratio Certificate delivered on a Certificate Delivery Date in respect of a Reference Date that occurs on or after the Initial Collateral Release Date, a certification that the Collateral includes the Core Collateral.

Collateral Coverage Ratio. (a) Within thirty (30) Business Days after delivery of each Appraisal that is required to be delivered pursuant to Section 4.13 5.06 in any applicable calendar year (such day, a “Reference Date,” and the thirtieth (30th) Business Day after a Reference Date, the “Certificate Delivery Date”), the Company Borrower will deliver to the Trustee Administrative Agent a Collateral Coverage Ratio Certificate containing (i) a calculation of the Collateral Coverage Ratio with respect to such Reference Date and (ii) for each Collateral Coverage Ratio Certificate delivered on a Certificate Delivery Date in respect of a Reference Date that occurs on or after the Initial Collateral Release Date, a certification that the Collateral includes the at least one category of Core Collateral.