Adjusted Collateral Value definition

Adjusted Collateral Value means, at any time (a) in the case of Collateral referred to in clause (a) or (b) of the definition of such term, 97.087% of the Collateral Value thereof, (b) in the case of Collateral referred to in clause (c) of the definition of such term, 95.238% of the Collateral Value thereof and (c) in the case of Collateral referred to in clause (d) or (e) of the definition of such term, 86.957% of the Collateral Value thereof.

Adjusted Collateral Value. With respect to any Distribution Date, the excess of the Stated Principal Balance of any Mortgage Loan over the related Collateral Value Adjustment.

Adjusted Collateral Value means, with respect to each Collateral Loan, as of any date of determination and expressed as a percentage of the Principal Balance of such Eligible Collateral Loan, a percentage equal to:

Examples of Adjusted Collateral Value in a sentence

• Pledgor agrees that the failure to maintain Collateral with an Adjusted Collateral Value as set forth above shall constitute an Event of Default under this Agreement.

• Notwithstanding anything in this paragraph to the contrary, at any time after a Revaluation Event has occurred with respect to any Collateral Loan, the Administrative Agent may, in its sole discretion, further amend the Adjusted Collateral Value in respect of such Collateral Loan pursuant to clause (b) above on any subsequent date, subject to the valuation procedures and dispute mechanics set forth above, and such further determination shall constitute the Adjusted Collateral Value.

• If a New Valuation is obtained during the Dispute Period, then the New Valuation shall be treated as the amended Adjusted Collateral Value, otherwise the Agent Valuation shall be treated as the amended Adjusted Collateral Value.

• Thereafter, the Bank and the Customer may enter into a Transaction, regardless of amount, so long as: (i) the Collateral Value of the Collateral Delivered by the Customer to the Bank; plus (ii) Total Net Profits or (as the case may be) minus Total Net Losses at such time ("Adjusted Collateral Value") equals or exceeds the product of the Initial Percentage and the Customer's Net Open Position after giving effect to such Transaction ("Initial Margin Amount").

• At all times during the term of the Agreement, Pledgor agrees to maintain as security for the Obligation Collateral of a type described on Schedule I with an Adjusted Collateral Value (as determined herein) in excess of the unpaid principal balance of the Obligation.

More Definitions of Adjusted Collateral Value

Adjusted Collateral Value means, with respect to any Asset, its Assigned Value multiplied by its Principal Balance; provided that, the parties hereby agree that the Adjusted Collateral Value of any Asset (or portion thereof) that is not a Portfolio Asset shall be zero.

Adjusted Collateral Value has the meaning set forth in the Loan Agreement.

Adjusted Collateral Value shall have the meaning set forth in the Letter of Credit Agreement.

Adjusted Collateral Value has the meaning given to it in Section 4.2.

Adjusted Collateral Value means, with respect to any Railcar as of any date of determination, the difference of (a) the Original Value of such Railcar minus (b) the product of (x) the Monthly Depreciation of such Railcar multiplied by (y) the number of Measuring Periods elapsed since the date such Railcar was acquired by the Borrower to such date of determination.

Adjusted Collateral Value means the Margin Call Percentage of the Collateral Value.

Adjusted Collateral Value means, as of any date of determination thereof, an amount equal to the sum of: