Minimum Value Adjusted Equity Ratio. The Value Adjusted Equity Ratio of the Borrower was [—]. The Value Adjusted Equity Ratio of the Borrower shall at all times during the Security Period be minimum forty-five per cent (45.00%) and the covenant in Clause 22.2.2 (Minimum Value Adjusted Equity Ratio) is thus [not] satisfied.
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Sources: Facility Agreement (Nordic American Offshore Ltd.), Facility Agreement (Nordic American Offshore Ltd.)
Minimum Value Adjusted Equity Ratio. The Value Adjusted Equity Ratio of the Borrower was [—•]. The Value Adjusted Equity Ratio of the Borrower shall at all times during the Security Period be minimum fortythirty-five per cent (45.0035.00%) and the covenant in Clause 22.2.2 20.2.2 (Minimum Value Adjusted Equity Ratio) is thus [not] satisfied.
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