Security Cover. 37.1 Minimum required security cover (a) the aggregate Market Value of the Ships; plus (b) the net realisable value of additional Security previously provided under this Clause 25 (Security Cover), is below 125 per cent. of the Loan. 91 EUROPE/78518215v5
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Sources: Deed of Amendment and Restatement (Navios Maritime Partners L.P.)
Security Cover. 37.1 24.1 Minimum required security cover
(a) the aggregate Market Value of the all Mortgaged Ships; plus
(b) the net realisable value of additional Security previously provided under this Clause 25 24 (Security Cover), is below 125 per cent. , of the Senior Loan. 91 EUROPE/78518215v5.
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Security Cover. 37.1 24.1 Minimum required security cover
(a) the aggregate of (i) Shares Market Value of the ShipsGrindrod Shares and (ii) the Ship Market Value of each Ship then subject to a Mortgage; plus
(b) the net realisable value of additional Security previously provided under this Clause 25 24 (Security Cover) ((a) and (b) collectively, the “Collateral”), is below 125 140 per cent. of the Loan. 91 EUROPE/78518215v5.
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Sources: Facility Agreement (Taylor Maritime Investments LTD)
Security Cover. 37.1 15.1 Minimum required security cover
(a) the aggregate Market Value of the ShipsShips subject to a Mortgage; plus
(b) the net realisable value of any additional Security security previously provided under this Clause 25 (Security Cover)15, is below 125 per cent. of the Loan. 91 EUROPE/78518215v5.
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Sources: Loan Agreement
Security Cover. 37.1 25.1 Minimum required security cover
(a) the aggregate Market Value of the ShipsShip; plus
(b) the net realisable value of additional Security previously provided under this Clause 25 (Security Cover), to the aggregate of (i) the Loan and (ii) the Hedging Close-Out Liabilities is below 125 130 per cent. of the Loan. 91 EUROPE/78518215v5.
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Security Cover. 37.1 27.1 Minimum required security cover
(a) the aggregate Market Value of the ShipsShips then subject to a Mortgage; plus
(b) the net realisable value of additional Security previously provided under this Clause 25 27 (Security Cover), is Is below 125 130 per cent. of the Loan. 91 EUROPE/78518215v5aggregate of (i) the Loan and (ii) the Hedging Close-Out Liabilities.
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Security Cover. 37.1 24.1 Minimum required security cover
(a) the aggregate Market Value of the Ships; plus
(b) the net realisable value of additional Security previously provided under this Clause 25 24 (Security Cover), is below 125 per cent. of the Loan. 91 EUROPE/78518215v5.
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Security Cover. 37.1 23.1 Minimum required security cover
(a) the aggregate Market Value of the Ships; plus
(b) the net realisable value of additional Security previously provided under this Clause 25 23 (Security Cover), is below 125 130 per cent. of the Loan. 91 EUROPE/78518215v5.
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Security Cover. 37.1 25.1 Minimum required security cover
(a) the aggregate Market Value of the Shipseach Ship then subject to a Mortgage; plus
(b) the net realisable value of additional Security previously provided under this Clause 25 (Security Cover), is below 125 per cent. of the aggregate of the Loan. 91 EUROPE/78518215v5.
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Security Cover. 37.1 15.1 Minimum required security cover
(a) the aggregate of the Market Value of the Mortgaged Ships; plus
(b) the net realisable value of any additional Security security previously provided under this Clause 25 (Security Cover)15, is below an amount equal to 125 per cent. of the Loan. 91 EUROPE/78518215v5.
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