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Common use of Security Cover Clause in Contracts

Security Cover. Minimum required security cover

Appears in 2 contracts

Sources: Loan Agreement (Diana Shipping Inc.), Term Loan Facility (Diana Shipping Inc.)

Security Cover. 15.1 Minimum required security cover

Appears in 2 contracts

Sources: Loan Agreement (Castor Maritime Inc.), Loan Agreement (Navios Maritime Acquisition CORP)

Security Cover. 24.1 Minimum required security cover

Appears in 1 contract

Sources: Term Loan Facility (Global Ship Lease, Inc.)

Related Clauses

  • Security Controls
  • Security Cameras
  • Liability Coverage
  • General Liability Coverage
  • SECURITY CODES

Parent Clauses

  • COVENANTS
  • NATIONAL BANK OF GREECE S
  • Increased costs
  • Security over Lenders’ rights
  • COVENANTS AND UNDERTAKINGS

Sub-Clauses

  • Payment of valuation expenses
  • Provision of information
  • Valuations binding
  • Minimum required security cover
  • Value of additional vessel security
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