Collateral Ratio Clause Samples
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Collateral Ratio. Within twelve (12) months from the date of Closing, the Borrower will cause the ratio of (i) the net present value (calculated using a discount rate of 10.25%) of all remaining payments due under the Franchisee Notes then held by the Lender as collateral pursuant to this Agreement, but excluding any Franchisee Notes with payments delinquent by ninety (90) days or more or that are otherwise in default; to (ii) the outstanding balance of all Advances, including the outstanding principal balance, all accrued and unpaid interest thereon and all other amounts payable with respect thereto (such ratio being referred to herein as the "Collateral Ratio") to be 1.2 to 1.0 or greater. If the Collateral Ratio is less than 1.2 to 1.0 on such date, the Borrower shall either provide additional collateral acceptable to the Lender or make a partial prepayment of the Notes, which will be applied to the Balloon Payment, so as to cause the Collateral Ratio to satisfy the requirements of this Section.
Collateral Ratio. The Borrowers on a consolidated basis shall maintain at all times a ratio of (a) Collateral Value to (b) Obligations outstanding under this Agreement of at least 1.75 to 1.00, where Collateral Value is equal to the sum of (i) Borrower’s Cash on deposit with Bank and (ii) the book value of Eligible Accounts, as reported the most recent Borrowing Base Certificate delivered to Bank, provided that the Borrowers shall at all times maintain a Cash balance in account(s) with Bank of at least One Million Five Hundred Thousand Dollars ($1,500,00).
Collateral Ratio. The Collateral Ratio for such Borrower is less than 1.5 to 1.0.
Collateral Ratio. Upon the request of the Administrative Agent or the Required Banks, cause Conseco (on behalf of the Borrowers) to provide to the Administrative Agent, for the benefit of the Banks, a computation of the Collateral Ratio certified by its chief financial officer or a senior vice president with responsibility for or knowledge of financial matters of Conseco. Nothing contained in this Section 8.1.4 shall be deemed to limit in any way whatsoever the Administrative Agent's right, on behalf of the Banks, to calculate the Loan Value of Direct Collateral or the Loan Value of Indirect Collateral or the Collateral Ratio at any time it deems appropriate or necessary. If after making such calculation, the Administrative Agent or the Required Banks determine that the amount of such Collateral Ratio is different from the Collateral Ratio most recently provided by Conseco or the Administrative Agent, as the case may be, the Administrative Agent shall deliver written notice of such amount to Conseco (on behalf of the Borrowers); provided that the Administrative Agent's failure to deliver such notice shall not prejudice the rights of the Administrative Agent and the Banks or the obligations of the Borrowers under this Agreement or the other Loan Documents; and
Collateral Ratio. Upon any advance under the Note, the ratio of the value of the Collateral, as reasonably determined by the Lender, to the outstanding principal then owing under the Note after any such advance will be 1.5 to 1 and will satisfy the margin lending requirements of Regulation U.
Collateral Ratio. Holdings will not at any time permit the Collateral to Outstanding Loan Ratio to be less than (A) 1.02:1.00 at any time from the Closing Date through and including December 30, 2019, (B) 1.15:1.00 at any time from December 31, 2019 through and including December 30, 2020 and (C) 1.25:1.00 at any time on and after December 31, 2020. If the Collateral to Outstanding Loan Ratio falls below the required minimum for any Test Period, the Borrower shall as soon as reasonably practicable, but not in any event later than 45 days thereafter, cause one or more Qualified Aircraft to be admitted to the Collateral Pool such that the Collateral to Outstanding Loan Ratio will be in compliance with this Section 9.14 as of any such Test Period.
Collateral Ratio. As used herein, the term, Collateral Ratio, shall, at any given time, mean the ratio of: (i) the principal balance of all remaining principal payments then due under each of those Franchisee Notes which are not then more than ninety (90) days past due; to (ii) the sum of One Million ($1,000,000) Dollars plus the principal amount, if any, then outstanding under the Borrower's Additional Loan from the Bank. In the event the Collateral Ratio shall, at any time: (i) be less than 1.75 to 1.0, the Borrower shall either pledge and assign to the Lender and Guarantor additional franchisee notes then not more than ninety (90) days delinquent (all pursuant to a pledge agreement similar in form to the Pledge Agreement) or make a partial prepayment on the Notes, so as to cause the Collateral Ratio to satisfy the requirements of this Section 1.8; or (ii) be greater than 1.75 to 1.0, the Lender and Guarantor, promptly after receipt of written request therefore from the Borrower, shall return to the Borrower any such Franchisee Notes requested, by the Borrower, in any such written request.
Collateral Ratio. 36 10.1.6 Defaults under the Conseco Guaranty.......................................................36 10.1.7 Defaults Under Any of the Other D&O Agreements............................................36 SECTION 10.2 Effect of Event of Default................................................................36 Page
Collateral Ratio. Holdings will not permit the Collateral to Outstanding Loan Ratio to be less than 1.25:1.00 as of the end of any Test Period on and after December 31, 2020; provided, however, that if Holdings shall fail to maintain the Collateral to Outstanding Loan Ratio as set forth in this Section 9.14, the Borrower shall as soon as reasonably practicable, but not in any event later than 45 days after the occurrence of such failure, cause one or more Qualified Aircraft to be admitted to the Collateral Pool in order to cause Holdings to be in compliance with this Section 9.14 (such compliance to be both at the time of the initial determination requiring curative action under this Section 9.14 and immediately after giving effect to the addition of such Qualified Aircraft).
Collateral Ratio. From the Third Amendment Date through the date that is eighteen (18) months thereafter, a ratio of (i) Collateral Value to (ii) the sum of (A) the aggregate amount outstanding under the Term Loan, plus (B) the Revolving Line equal to at least 1.25 to 1.00, provided that Borrowers shall at all times maintain an aggregate Cash balance in account(s) with Bank equal to at least the lesser of (y) fifty percent (50%) of the Collateral Value, and (z) the aggregate amount outstanding under the Term Loan.