Collateral Value Ratio definition

Collateral Value Ratio means, on any date of determination, the ratio of the Aggregate Loan Balance to the Aggregate Adjusted Collateral Value on that date (expressed as a percentage).

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Collateral Value Ratio. As of any date of determination, the ratio obtained by dividing (a) the sum of (i) the aggregate Stated Values of the Receivables Granted to the Trustee, less the aggregate Stated Values of Excluded Receivables, all valued at the applicable Collateral Value Percentage, and (ii) all amounts on deposit in the Collection Account by (b) the Outstanding Note Principal Balance.

Collateral Value Ratio means, for any fiscal quarter, the ratio of (a) the aggregate Asset Value of the Eligible Projects during such fiscal quarter, divided by (b) the sum of (i) the aggregate Appraised Value of the Eligible Projects during such fiscal quarter, plus (ii) the aggregate Asset Value of the Optional Collateral during such fiscal quarter.

Examples of Collateral Value Ratio in a sentence

• The Borrowers will not, at the end of any month, permit the sum of (i) outstanding Loans plus (ii) the Maximum Drawing Amount under all Letters of Credit, plus (iii) Unpaid Reimbursement Obligations to be greater than seventy percent (70%) of Eligible Receivables for which invoices have been issued and are payable (the "Collateral Value Ratio").

• The Agent will calculate the Collateral Value Ratio based upon the most current Borrowing Base Report and other information provided to the Agent as of the end of any fiscal quarter during which Optional Collateral has been granted to the Agent for the benefit of the Lenders.

• Any change in the Interest Rate Margin based on a change in the Collateral Value Ratio and (b) the definition of Interest Rate Margin shall take effect one (1) Banking Day following the closing on any Eligible Project which has the effect of changing the Collateral Value Ratio.

• Borrower's Debt to Collateral Value Ratio, calculated without taking into account the Contributions to Borrower with respect to Initial Projects which have not satisfied all of their Pre-Funding Requirements, shall be no more than [*] to 1.00.

• Notwithstanding anything herein to the contrary, the parties hereby acknowledge and agree that the Junior Creditor's security interest in the Collateral shall be senior to any Pari Passu Debt (as defined in the PG Security Agreement) that is not incurred by Borrower in compliance with the Collateral Value Ratio.

• Permit the Maximum Senior Credit Facilities to Collateral Value Ratio, at any time, to be greater than 50.00%.

• The Borrowers shall make prepayments on the Loans necessary so that on any date, the Loan to Collateral Value Ratio shall be no less than 1.00:1.

• Maintain on a Quarterly Basis per Section 6.8(b) (or monthly if requested by Bank): Minimum Collateral Value Ratio 1:05:1.0 :1.0 Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

• Maintain on a Quarterly Basis: Minimum Collateral Value Ratio 1:05:1.0 _____ :1.0 Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

• Subject to (i) any restrictions on Borrower contained in the Loan Agreements, (ii) maintenance by Borrower and Grantor of the Collateral Value Ratio, and (iii) the provisions of Section 2.1 hereto, the Senior Creditor shall have the right, without the consent of the Junior Creditor, to extend credit to Borrower in excess of the maximum amounts set forth in the Loan Agreements or under any other agreements with Borrower, secured by the Collateral and otherwise having the same priorities as herein contained.

More Definitions of Collateral Value Ratio

Collateral Value Ratio means, on any date of determination, the percentage obtained by dividing the Net Face Amount by the sum of (i) the Net Collateral Value, (ii) the amount then on deposit in the Cash Trust Account, and (iii) all accrued and unpaid interest on the Eligible Bonds.

Collateral Value Ratio means in respect of a Cross Margin Account, the result of the following formula calculation:

Collateral Value Ratio means, on any day on which the same falls to be determined, the ratio (expressed as a percentage) of all Advances outstanding under the Loan Facility Agreement to Collateral Value.

Collateral Value Ratio. As of any date of determination, the ratio of (i) the Value of the Eligible Collateral to (ii) the Loan Amount.