Security Margin. 7.5.1 The Customer undertakes to maintain such margin of security in relation to the Indebtedness as may be required at any time by the Bank:
Security Margin. In the event that during the Security Period the aggregate Market Values of the Ships determined pursuant to Clause 21.26 and the value of any additional security (valued in accordance with normal banking practice) previously provided to the Lender pursuant to this Clause is less than one hundred and thirty five per cent (135%) of the aggregate of (i) the outstanding amounts of both Facilities and (ii) any amount available for drawing under the Revolving Facility, at any time less the aggregate amount of all deposits maintained by the Borrowers and any other of the Security Parties with the Lender in the pledge accounts under or in connection with this Agreement in order to ensure compliance with Clause 19.27 (d) and (e), then the Borrowers shall within twenty one (21) Banking Days of receipt of a notice from the Lender advising the Borrowers of the amount of such deficiency (which notice shall be conclusive) either provide to the Lender additional security (valued in accordance with normal banking practice) which shall in all respects be satisfactory to the Lender so that the aggregate Market Values of the Ships (determined in accordance with Clause 21.26 and the value of any additional security (valued as aforesaid) previously provided to the Lender pursuant to this Clause is at least one hundred and thirty five per cent (135%) of the aggregate amount of (i) the outstanding the Facilities and (ii) any amount available for drawing under the Revolving Facility, or prepay part of the Facilities in accordance with Clause 10 so that the aggregate Market Values of the Ships (determined in accordance with Clause 21.26 and the value of any additional security (valued as aforesaid) previously provided to the Lender pursuant to this Clause is at least one hundred and thirty five per cent (135%) of the aggregate of (i) the outstanding amount of the Facilities and (ii) any amount available for drawing under the Revolving Facility.
Security Margin. If, at any time, the market value is less than the amount we consider provides us with an acceptable security margin, or in our opinion, the secured property materially decreases from its value at the date of this facility agreement or the secured property becomes less saleable than its saleability at the date of this facility agreement, we may do any one or more of the following:
Security Margin. If the value of the Floating Charge Assets and rights of the Borrower have fallen below what the Bank considers to be an adequate security margin, the Bank shall be entitled, without prejudice to any other right that the Bank may have, to vary, revise, reduce, cancel, withhold disbursement of the banking facilities or any part thereof and/or require the Borrower to provide additional security and/or to repay or prepay such amount as the Bank may specify. The Bank may conduct its own valuation of the Floating Charge Assets and rights of the Borrower or call for valuation thereof by a valuer and all expenses, fees and charges incurred in the valuation shall be borne by the Borrower. The Borrower accepts the valuation by the Bank or the valuer as final and conclusive.
Security Margin. 23.01 In the event that at any time during the Security Period the Security Value is less than the Security Requirement, then the Borrower shall within thirty (30) Banking Days of receipt of a written notice from the Lender advising the Borrower of the amount of such deficiency (which notice in the absence of manifest error shall be conclusive) either provide to the Lender additional security (valued in accordance with normal banking practice) which shall in all respects be acceptable and satisfactory to the Lender in its sole discretion and which in the opinion of the Lender shall be equal to the shortfall or prepay in accordance with Clause 10 such part (at least) of the Facility that in the opinion of the Lender is required in order to eliminate the shortfall.
Security Margin. In the event that the Market Value of the Ship (determined pursuant to Clause 20.25) is less than the Applicable Security Margin at any relevant time then the Borrower shall within fifteen (15) Banking Days of receipt of a notice from the Lender advising the Borrower of the amount of such deficiency (which notice shall be conclusive) either constitute to the satisfaction of the Lender such further security for the Facility as shall be acceptable to the Lender having a value for security purposes (as determined by the Lender in its absolute discretion) at the date upon which such further security shall be constituted which, when added to the Market Value of the Ship (determined in accordance with Clause 20.25) shall not be less than the Applicable Security Margin at the relevant time or prepay part of the Facility in accordance with Clause 9 so that the Market Value of the Ship (determined in accordance with Clause 20.25) equals at least to the Applicable Security Margin.
Security Margin. If the aggregate market value of such Security (whose value is agreed by the Bank to be used in computing the Security Margin) falls below what the Bank has determined in its sole discretion to be adequate security for the Banking Facilities (“Security Margin”) or such Security Margin as stated in the Letter of Offer, the Borrower must within such period as permitted by the Bank to maintain and keep the Security Margin satisfied and for this purpose, the Bank may, without affecting any other right which the Bank may have, take any one or more of the following actions:-
Security Margin. 21.1 If the market value of any Security falls below what the Bank in the Bank‟s sole discretion considers to be adequate security for the Banking Facilities, the Bank may do any one or more of the following without affecting any other right which the Bank may have:-
Security Margin. 6.1 The Client undertakes to ensure that the Marginable Value shall at all times exceed the aggregate of the Debit Balance by the Margin. The Company shall compute the value of Marginable Securities in accordance with Applicable Rules.
Security Margin. 28.1 If the market value of the Property falls below what the Bank considers to be adequate security for the Housing Loan/Facility, the Bank may do any one or more of the following without affecting any other right which the Bank may have:-
