Value Requirements Sample Clauses
Value Requirements. As indicated above, the Property consists of an Agency Account comprised of various assets (“Assets”). The Margin Value of Assets which constitute qualified First Interstate Bank Deposits; Cash and Cash Equivalents; US Government Securities, Commercial Paper; Municipal and State Bonds; Corporate Bonds; Equities; Exchange Traded Fund; and Mutual Funds Assets (“Qualified Assets”) that are contained in the Property shall at all times exceed the outstanding balance of the Indebtedness (“Value Requirement”). Whenever applicable, the credit limits of Regulation U of the Federal Reserve Board (12 CFR 221) shall also be satisfied as prescribed therein. Such of the Property as is necessary to satisfy any other value requirement imposed by Lender shall not be eligible to satisfy the Value Requirement herein.
Value Requirements. The Margin Value of the Collateral, plus the Margin Value of the collateral in the Securities Account (as determined under the Additional Security Agreement), shall at all times exceed the then outstanding aggregate dollar amount of the Insurance Letters of Credit (as that term is defined in the Credit Agreement). Whenever applicable, the credit limits of Regulation U of the Federal Reserve Board (12 U.S.C. § 221 et seq) shall also be satisfied as prescribed therein. Such of the Collateral as is necessary to satisfy any other value requirement imposed by Bank shall not be eligible to satisfy value requirements herein.
Value Requirements. The Margin Value of the Collateral shall at all times exceed the outstanding balance of Indebtedness. Collateral subject to the provisions of Section 11(d) (1) of the Securities Exchange Act of 1934 may not be used to satisfy value requirements unless and until they have been owned by Debtor for a period greater than thirty (30) days. Whenever applicable, the credit limits of Regulation U of the Federal Reserve Board (12 U.S.C. § 221 et seq) shall also be satisfied as prescribed therein. Collateral satisfying value requirements in this Agreement cannot also satisfy other value requirements in favor of Bank, if any.
Value Requirements. The Margin Value of the Collateral shall at all times exceed Two Million Four Hundred Thousand Dollars ($2,400,000.00). Whenever applicable, the credit limits of Regulation U of the Federal Reserve Board (12 U.S.C. § 221 et seq) shall also be satisfied as prescribed therein. Such of the Collateral as is necessary to satisfy any other value requirement imposed by Bank shall not be eligible to satisfy value requirements herein.
Value Requirements. The Loan Value of the Pledged Collateral shall at all times exceed the amount of the maximum Line of Credit amount applicable from time to time under the Credit Agreement.