Fully Secured definition

Fully Secured means either the Loan to Security Ratio does not exceed 80 per cent, or the Facility is fully mortgage insured with a lender’s mortgage insurer acceptable to ANZ and the Loan to Security Ratio does not exceed 90 per cent;

Fully Secured means, with respect to any Undrawn L/C Obligations as of any date, that, on or before such date, such Undrawn L/C Obligations shall have been secured by the grant to the Issuing Lender by the Company of a first priority, perfected security interest in, and Lien on, (a) cash or Cash Equivalents in an amount at least equal to the excess, if any, of the amount of such Undrawn L/C Obligations over the amount of the Aggregate Commitment on such date or (b) other collateral security which is acceptable to the Issuing Lender and the Required Lenders;

Fully Secured means, with respect to any Undrawn L/C Obligations as of any date, that, on or before such date, such Undrawn L/C Obligations shall have been secured by the grant to, or for the benefit of, the relevant Issuing Lender by the Company of a first priority, perfected security interest in, and Lien on, (a) cash or Cash Equivalents in an amount at least equal to the Equivalent in Dollars of 105% of the amount of such Undrawn L/C Obligations or (b) other collateral security which is acceptable to such Issuing Lender and the Administrative Agent.

Examples of Fully Secured in a sentence

• The cumulative unclaimed /unpaid dividend amount up to FY 2007-08 lying in the credit ofRegistrar and Transfer Agents for Fully Secured redeemable Non- convertible Debentures on Private Placement Basis: BIG SHARE SERVICES PVT.

• Non-Convertible Debentures (NCD)The Company had issued Listed Fully Secured Redeemable Non-Convertible Debentures amounting Rs. 50 Crore on private placement basis with tenor of 48 months pursuant to section 42 of and applicable provisions of the Companies Act, 2013 read with Companies (Prospectus and Allotment of Securities) Rules, 2014 which helped in Asset Liability Management and strengthened the long term resource base of the Company.The Debentures issued on private placement basis are listed on BSE.

• Arrearage Arrearage PaymentEnter Information3.2 Request for Valuation of Security, Payment of Fully Secured Claims, and Modification of Undersecured Claims (Complete if applicable and check “Yes” in Section 1.1. The following provisions will be effective only if there is a check in the “Yes” box in Section 1.1.)For each creditor listed in this section, the “Secured Amount” was calculated by valuing the creditor’s collateral and subtracting superior liens.

• It is noticed that TAMP has deducted the entire portion of the Fully Secured Advance appearing under other current assets while moderating the working capital.

• The company has set a time frame of September 2021, by which time all branches should start generating operating profit.9. ResourcesSubordinated Debts and Fully Secured Redeemable Non -Convertible Debentures continued to be the major sources of funds for your company during the previous financial year.

More Definitions of Fully Secured

Fully Secured means a first priority charge on the Property, the value of which is greater than or equal to the amount of the loan. A second charge may also be included where an Authorised Firm already has a first priority charge on the Property concerned;

Fully Secured means that the Optionee shall have created in favor of the Corporation a perfected security interest in (i) the Shares acquired upon exercise of the Related Option as security for such portion of the Loan equal to the Margin Loan Amount and (ii) Other Collateral that has a Fair Market Value equal to the amount of the remaining portion of the Loan (including any portion attributable to Tax Payments).

Fully Secured means, with respect to any Letter of Credit as of any date, that, on or before such date, the Undrawn L/C Obligations with respect to such Letter of Credit shall have been secured by the grant to an Issuing Lender with respect to such Letter of Credit by the Borrower of a first priority, perfected security interest in, and Lien on, cash in an amount and pursuant to documentation satisfactory to such Issuing Lender with respect to such Letter of Credit.

Fully Secured. “100% secured,” “fully insured,” “secure,” “safe,” “backed by rated insurance company(s),” “backed by federal and/or state law,” or similar representations;

Fully Secured means, with respect to any Undrawn L/C Obligations as of any date, that, on or before such date, such Undrawn L/C Obligations shall have been secured by the grant to the relevant Issuing Lender by the Company of a first priority, perfected security interest in, and Lien on, (a) cash or Cash Equivalents in an amount at least equal to the excess of the amount of such Undrawn L/C Obligations over the amount equal to the Aggregate Special L/C Commitment or the maximum commitment to issue Operating Letters of Credit, as the case may be, on such date or (b) other collateral security which is acceptable to such Issuing Lender and the Required Lenders;

Fully Secured means that the Optionee shall have created in favor of the Corporation a perfected security interest in (i) the Shares or Preferred Shares acquired upon exercise of the Related Option

Fully Secured means if the lender has taken security interests in all available fixed assets with a combined “net book value” up to the loan amount.