Common use of Minimum required security cover Clause in Contracts

Minimum required security cover. Clause 14.2 applies if the Lender notifies the Borrower that: (a) the Market Value of the Ship; plus (b) the net realisable value of any additional security previously provided under this Clause 14, is below 130 per cent. of the aggregate of the Loan and the Swap Exposure.

Minimum required security cover. Clause 14.2 applies if the Lender notifies the Borrower Borrowers (other than during the Waiver Period) that: (a) the aggregate of the Market Value of the ShipOriginal Ships; plus (b) the net realisable value of any additional security previously provided under this Clause 14, is below 130 125 per cent. , of the aggregate amount of the Loan and the Swap ExposureLoan.

Minimum required security cover. Clause 14.2 13.2 applies if the Lender notifies the Borrower at any time (other than during the Waiver Period) that: (a) the Market Value of the Collateral Ship; plus (b) the net realisable value of any additional security previously provided under this Clause 14, is below 130 125 per cent. , of the aggregate of the (i) Loan and (ii) the Swap Exposure.

Minimum required security cover. Clause 14.2 applies if the Lender notifies the Borrower that: (a) the Market Value of the Ship; plus (b) the net realisable value of any additional security previously provided under this Clause 14, is below 130 120 per cent. of the aggregate of the Loan and the Swap Exposure.

Minimum required security cover. Clause 14.2 applies if the Lender notifies the Borrower that: (a) the aggregate of the Market Value of the ShipMortgaged Ships; plus (b) the net realisable value of any additional security previously provided under this Clause 14, is below 130 per cent. the Relevant Percentage of the aggregate of the Loan and the Swap Exposure.Loan. In this Clause 14.1:

Minimum required security cover. Clause 14.2 applies if the Lender notifies the Borrower that: (a) the Market Value of the Ship; plus (b) the net realisable value of any additional security previously provided under this Clause 14, is below 130 per cent. the Relevant Percentage of the aggregate of (i) the Loan and (ii) the Swap Exposure.

Minimum required security cover. Clause 14.2 applies if the Lender notifies the Borrower thatthat the Loan is greater than 70 per cent of: (a) the Market Value market value (determined as provided in Clause 14.3) of the Ship; plus (b) the net realisable value of any additional security previously provided under this Clause 14, is below 130 per cent. of the aggregate of the Loan and the Swap Exposure.

Minimum required security cover. Clause 14.2 15.2 applies if the Lender notifies the Borrower Borrowers that: (a) the Market Value aggregate of the Shipmarket values (determined as provided in Clause 15.3) of the Ships; plus (b) the net realisable value of any additional additionally security previously provided under this Clause 14, 15 is below 130 125 per cent. of the aggregate of the Loan and the Swap ExposureLoan.

Minimum required security cover. Clause 14.2 applies if the Lender notifies the Borrower Borrowers at any time (other than during the Waiver Period) that: (a) the aggregate Market Value of the ShipShips; plus (b) the net realisable value of any additional security previously provided under this Clause 14, is below 130 125 per cent. of the aggregate amount of the Loan and the Swap Exposure.

Minimum required security cover. Clause 14.2 applies if the Lender notifies the Borrower Borrowers that: (a) the Market Value aggregate of the Shipmarket values (determined as provided in Clause 14.3) of the Ships; plus (b) the net realisable value of any additional security previously provided under this Clause 14, ; is below 130 one hundred and twenty five per cent. (125%) of the aggregate of the Loan and the Swap ExposureLoan.

Minimum required security cover. Clause 14.2 applies if the Lender notifies the Borrower that: (a) the Market Value (determined as provided in Clause 14.3) of the Ship; plus (b) the Minimum Liquidity maintained in the Minimum Liquidity Account; plus (c) the net realisable value of any additional security previously provided (if applicable) under this Clause 14, is below 130 135 per cent. of the aggregate of the Loan and the Swap ExposureLoan.

Minimum required security cover. Clause 14.2 applies if the Lender notifies the Borrower Borrowers that: (a) the aggregate of the Fair Market Value of the Shipeach Ship subject to a Mortgage; plus (b) the net realisable value of any additional security previously provided under this Clause 14, is below 130 per cent. of the aggregate of the Loan and the Swap ExposureLoan.

Minimum required security cover. Clause 14.2 (Provision of additional security; prepayment) applies if the Lender notifies the Borrower Borrowers that: (a) the aggregate of the Fair Market Value of the Shipeach Ship subject to a Mortgage; plus plus (b) the net realisable value of any additional security previously provided under this Clause 1414 (Security cover), is below 130 115 per cent. cent of the aggregate of the Loan and the Swap ExposureLoan.”

Minimum required security cover. Clause 14.2 applies if the Lender notifies the Borrower that: (a) the Market Value of the Ship; plus (b) the net realisable value of any additional security previously provided under this Clause 14, is below 130 per cent. the Relevant Percentage (i) of the aggregate of the Loan and (ii) the Swap ExposureExposure less any monies at any relevant time standing to the credit of the Retention Account which have been transferred to that account pursuant to Clause 17.2(a).

Minimum required security cover. Clause 14.2 applies if the Lender notifies the Borrower Borrowers that: (a) the aggregate Market Value of the ShipShips; plus (b) the net realisable value of any additional security previously provided under this Clause 14, is below 130 per cent. the Relevant Percentage of the aggregate of the Loan and the Swap Exposure.Loan:

Minimum required security cover. Clause 14.2 applies if the Lender notifies the Borrower that: (a) the Market Value market value (determined as provided in Clause 14.5) of the Ship; plus (b) the net realisable value of any additional additionally security previously provided under this Clause 14, 14 is below 130 125 per cent. of the aggregate of the Loan and the Swap ExposureMaster Agreement Liabilities.

Minimum required security cover. Clause 14.2 15.2 applies if the Lender Agent notifies the Borrower Borrowers that: (a) the Market Value aggregate of the ShipMarket Values of the Ships; plus (b) the Minimum Liquidity Amount standing to the credit of the Liquidity Account pursuant to Clause 11.17 (but excluding any Additional Liquidity Amount); plus (c) the net realisable value of any additional security previously provided under this Clause 1415, is below an amount equal to 130 per cent. of the aggregate of the Loan and the Swap ExposureLoan.

Minimum required security cover. Clause 14.2 applies if the Lender notifies the Borrower that: (a) the Market Value of the Ship; plus (b) the net realisable value of any additional security previously provided under this Clause 14, 14 is below 130 125 per cent. of the aggregate of the Loan and the Swap ExposureLoan.

Minimum required security cover. Clause 14.2 13.2 applies if the Lender notifies the Borrower at any time (other than during the Waiver Period) that: (a) the Market Value of the Collateral Ship; plus (b) the net realisable value of any additional security previously provided under this Clause 141413, is below 130 125 per cent. of the aggregate of the (i) Loan and (ii) the Swap Exposure.