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Common use of Coverage Requirement Clause in Contracts

Coverage Requirement. On each Settlement Date, the Currency Net Advances in each Currency do not exceed the Currency Borrowing Base for such Currency.

Appears in 2 contracts

Sources: Receivables Funding Agreement (Adama Agricultural Solutions Ltd.), Parent Undertaking Agreement (Adama Agricultural Solutions Ltd.)

Related Clauses

  • Coverage Requirements
  • Insurance Coverage Requirements
  • Service Requirement
  • W-9 Requirement
  • CONTRACT COMPLIANCE REQUIREMENT

Parent Clauses

  • Representations and Warranties
  • Representations and Warranties of the Borrower
  • Representations and Warranties of the SPV and the Initial Servicer
  • Miscellaneous
  • WAIVER OF JURY TRIAL

Sub-Clauses

  • Inspection of Property, Books and Records
  • Maintenance of Existence, etc
  • Joinder of Subsidiaries
  • Transactions with Affiliates
  • Maintenance of Property
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