Asset Cover definition

Asset Cover means, at the relevant time, the aggregate of the Fair Market Values (Sale) of all of the Mortgaged Ships divided by the outstanding amounts under the Facilities (including any undrawn Revolving Credit Facility Commitments that are not part of the Suspended Undrawn Revolving Credit Facility);
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Asset Cover means the ratio of specified assets of the Company to specified obligations of the Company, calculated in accordance with the following formula:-
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Asset Cover means the ratio set out in Clause 12 (Financial Covenants)
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Examples of Asset Cover in a sentence

  • The proposal does not entail any detailed house types/design with an indicative layout and indication that the dwellings are likely to be two-storey as well as a condition confining ridge height to 7.5m.

  • WHITEHEAD PRIVATE LENDERS SECURITY OF LOAN LOAN REPAYMENTS REPAYMENT OF PRINCIPAL PAYMENT OF INTEREST+ PAYMENT COVER ASSET COVER RENTAL SURPLUSNET ASSETS GOING CONCERN External factorsHOUSING ASSOCIATIONSInternal factors Figure 2.


More Definitions of Asset Cover

Asset Cover means, at the relevant time, the aggregate of the Fair Market Values (Sale) of all of the Mortgaged Ships divided by the aggregate of the Revolving Credit Facility Loans outstanding and any undrawn and uncancelled Revolving Credit Facility Commitments that are not part of the Suspended Undrawn Revolving Credit Facility. CONFIDENTIAL TREATMENT REQUESTED BY HAFNIA LIMITED PURSUANT TO 17 C.F.R. SECTION 200.83
Sample 1
Asset Cover means aggregate of the assets consisting of net block, investments, as increased by the capital works in progress divided by the loans secured by such assets.
Sample 1
Asset Cover means the ratio of the aggregate value (as per tile most recent audited accounts) of the Borrower's gross fixed assets and capital work in progress as reduced by accumulated depreciation (including un-provided depreciation, if any) to all Financial Indebtedness (as per its most recent audited accounts) having a first pari passu charge over the fixed assets of the Borrower. Revaluation of assets would not be taken into account for determining the Security Cover.
Sample 1
Asset Cover means, at the relevant time, the aggregate of the Fair Market Values (Sale) of all of the Mortgaged Ships divided by the aggregate of the Revolving Credit Facility Loans outstanding and any undrawn and uncancelled Revolving Credit Facility Commitments that are not part of the Suspended Undrawn Revolving Credit Facility. CONFIDENTIAL TREATMENT REQUESTED BY HAFNIA LIMITED PURSUANT TO 17 C.F.R. SECTION 200.83
Sample 1

Related to Asset Cover

  • Foreign Asset Sale shall have the meaning provided in Section 5.2(i).

  • Sanctions List means the "Specially Designated Nationals and Blocked Persons" list issued by OFAC, the Consolidated List of Financial Sanctions Targets issued by Her Majesty's Treasury, or any similar list issued or maintained or made public by any of the Sanctions Authorities;

  • EU Bail-In Legislation Schedule means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.

  • Policy Schedule means a schedule attached to these Terms and Benefits, which sets out, among others, the Policy Effective Date, Renewal Date, the name and the relevant particulars of the Policy Holder and the Insured Person, the eligible benefits, premium and other relevant details in respect of these Terms and Benefits.