Manager Termination Ratio definition

Manager Termination Ratio shall have the meaning set forth in Section 7.3.
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Manager Termination Ratio shall have the meaning set forth in SECTION 7.3.
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Examples of Manager Termination Ratio in a sentence

  • Such additional collateral shall be released to Borrower when the Debt Service Coverage Ratio equals or exceeds the Manager Termination Ratio for six (6) consecutive months and provided no Event of Default has occurred.

  • Such additional collateral shall be released to Borrower when the Debt Service Coverage Ratio equals or exceeds the Manager Termination Ratio for 6 consecutive months and provided no Event of Default has occurred and is continuing.

  • Notwithstanding the provisions of clause (iii) above, the applicable Borrower shall nevertheless have the right to retain such Manager if, prior to the replacement of such Manager, Borrower shall provide additional collateral in the form of Letters of Credit for a portion of the Loan, satisfactory to Lender, such that the Manager Termination Ratio can be maintained on the Loan Amount net of such additional collateral.

  • Notwithstanding the provisions of clause (iii) above, Borrower shall nevertheless have the right to retain such Manager if, prior to the replacement of such Manager, Borrower shall provide additional collateral in the form of Letters of Credit for a portion of the Loan, satisfactory to Lender, such that the Manager Termination Ratio can be maintained on the Loan Amount net of such additional collateral.

  • Such additional collateral will only be released to Borrower when the Debt Service Coverage Ratio equals or exceeds the Manager Termination Ratio for three consecutive months and provided no Event of Default has occurred.

  • Notwithstanding the provisions of clause (ii) above, Borrower shall nevertheless have the right to retain such Manager if, prior to the replacement of such Manager, Borrower shall provide additional collateral in the form of Letters of Credit for a portion of the Loan, satisfactory to Lender, such that the Manager Termination Ratio can be maintained on the Loan Amount net of such additional collateral.

  • Notwithstanding the provisions of clause (iii) above, the applicable Borrower shall nevertheless have the right to retain such Manager if, prior to the replacement of such Manager, Borrowers shall provide additional collateral in the form of Letters of Credit for a portion of the Loan, satisfactory to Lender, such that the Manager Termination Ratio can be maintained on the Loan Amount net of such additional collateral.

  • Notwithstanding the provisions of clause (c)(iii) above, Borrower shall nevertheless have the right to retain such existing Qualifying Manager if, prior to the replacement of such existing Qualifying Manager by Lender, Borrower shall provide additional collateral in the form of Cash and Cash Equivalents and/or Letters of Credit for a portion of the Loan, satisfactory to Lender, such that the Manager Termination Ratio can be maintained on the Loan Amount net of such additional collateral.