Collateral Performance Indicator Sample Clauses
The Collateral Performance Indicator clause defines a specific metric or set of metrics used to assess the ongoing quality or adequacy of collateral in a financial or contractual arrangement. Typically, this clause outlines how the performance of the collateral will be measured—such as through loan-to-value ratios, default rates, or other financial benchmarks—and may specify thresholds or reporting requirements. Its core practical function is to provide a transparent and objective standard for monitoring collateral, thereby helping parties manage risk and ensure that the collateral remains sufficient throughout the term of the agreement.
Collateral Performance Indicator. As of the last day of each calendar month, the Borrowers shall have a Collateral Performance Indicator of no more than 30%.
Collateral Performance Indicator. A Collateral Performance Indicator of less than or equal to 30%.
Collateral Performance Indicator. At all times the Collateral Performance Indicator shall be less than 17%.
Collateral Performance Indicator. Section 6.4(e) of the Loan Agreement is amended and restated as follows:
Collateral Performance Indicator. As of the end of each calendar month, a Collateral Performance Indicator of less than or equal to Nineteen Percent (19%). The determination of the financial covenants contained herein shall exclude any asset, liability, expense or income associated with Statement of Financial Accounting Standard No. 13.
Collateral Performance Indicator. At all times the Collateral Performance Indicator shall not exceed 42%. Borrower’s failure to comply with Section 6.4(c) or Section 6.4(e) shall not, in itself, constitute an Event of Default so long as such shortfalls are deducted, as contemplated by the terms of the Loan Agreement, from the determination of the other financial covenants contained herein.
Collateral Performance Indicator. Notwithstanding anything to the contrary contained in the Loan Agreement, (i) the Collateral Performance Indicator covenant contained in Section 8.4(f) of the Loan Agreement shall not be tested for the calendar months ending August 31, 2021, September 30, 2021, October 31, 2021 and November 30, 2021 and (ii) during such time period the definition of Advance Rate in Section 1.1 of the Loan Agreement shall be amended so that each Advance Rate continues to decrease by one percent (1.0%) for each one percent (1.0%) increase in the Collateral Performance Indicator (e.g., with a Collateral Performance Indicator of 30.5%, the Advance Rate is 69% under clause (1), 64% under clause (2) and 44% under clause (3)).
Collateral Performance Indicator. As of the end of each calendar month, a Collateral Performance Indicator less than 28.00%.
Collateral Performance Indicator. The Borrower will maintain a Collateral Performance Indicator of less than or equal to twenty four percent (24%) as of the end of each calendar month.
1.5 The following new Section 8.24 is added to the Credit Agreement (Chattel Paper Review):
Collateral Performance Indicator. As of the last day of each calendar month, the Borrowers shall have a Collateral Performance Indicator of no more than (a) 50% for the calendar months ending October 31, 2022, November 30, 2022, December 31, 2022 and January 31, 2023 and (b) 35% for each calendar month thereafter.