Common use of Minimum Security Clause in Contracts

Minimum Security. Said Company shall maintain, in conjunction with the other Companies, as minimum security for the Revolving Line of Credit, Collateral having an aggregate resale value at least equal to the outstanding principal balance of the Note and any interest accrued thereon. "Aggregate Resale Value" shall mean the fair market value of the Collateral, in the aggregate, in an arms length transaction between parties of substantially equal bargaining position given a reasonable period of time for negotiation and sale.