Common use of Minimum security value Clause in Contracts

Minimum security value. Each Borrower undertakes that this clause 25 (including in relation to the requirement of clause 25.12 (Security shortfall) that the Security Value must be no less than the Minimum Value) will be complied with throughout the Facility Period.

Appears in 2 contracts

Sources: Facility Agreement (DryShips Inc.), Facility Agreement (Quintana Shipping Ltd.)