Loan-to-Collateral Ratio definition
Loan-to-Collateral Ratio means, as of any date of determination, the ratio of (a) the aggregate outstanding principal balance of all the Debentures issued pursuant to the Purchase Agreement to (b) the sum of (i) the aggregate Digital Asset Market Value of all Collateral consisting of Bitcoin, plus (ii) the aggregate value of all Collateral consisting of cash and Cash Equivalents held in the Cash Collateral Account.
Loan-to-Collateral Ratio means, as of any date of determination, the ratio of (a) the aggregate outstanding principal balance of all Notes to (b) the sum of (i) the aggregate Digital Asset Market Value of all Collateral consisting of Bitcoin multiplied by 0.50, plus (ii) the aggregate value of all Collateral consisting of Cash and Cash Equivalents multiplied by 1.00.
Loan-to-Collateral Ratio means the ratio of the Term Loans outstanding, at any time, to the Value of the Eligible Real Estate and the Value of the Eligible Leasehold Real Estate.
Examples of Loan-to-Collateral Ratio in a sentence
Substantially simultaneously with the delivery of the foregoing control agreement(s) to satisfy the Loan-to-Collateral Ratio Compliance Level, the Grantor shall deliver, or cause to be delivered, to the Collateral Agent, a customary opinion of outside counsel addressing the perfection of the security interest in the Collateral.