Margined Value definition

Margined Value means for each item of Permitted Collateral on any date, the fair market value of such item of Permitted Collateral on such date multiplied by a margin factor for such Permitted Collateral of 0.90, provided, however, that if any item of Permitted Collateral is (i) cash, or (ii) time deposits and certificates of deposit having maturities of not more than 90 days (from the date such deposits or certificates of deposit are acquired) of any domestic commercial bank, the long-term debt of which is rated at least A-2 or the equivalent thereof by Standard & Poor's Corporation or a-2 or the equivalent thereof by ▇▇▇▇▇'▇ Investors Service, Inc. and having capital and surplus in excess of $500,000,000, then the face value (including accrued interest) of such item of Permitted Collateral on such date shall be multiplied by a margin factor of 1.00.

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Margined Value means 80% of the Net Orderly Liquidation Value of Borrower’s Eligible Equipment, plus 75% of the Fair Market Value of Borrowers’ Eligible Real Property, minus $2,250,900.

Margined Value means the appraised value or cost, if applicable, of the applicable portion of the Mortgaged Property multiplied by the applicable Advance Rate for the particular Sub-Limit Classification as set forth below.

Examples of Margined Value in a sentence

The Maximum Advance Availability under the Borrowing Base shall be the value, or cost, as applicable, of each Sub-Limit Classification set forth below multiplied by the applicable Advance Rate as noted in the Borrowing Base Matrix, which results in the aggregate Margined Value (as hereinafter defined).
Partial Releases will reduce availability in the Borrowing Base by the Margined Value of the property released.
If release of a Lot or development parcel would result in the amounts outstanding under the Loans being in excess of the Margined Value, the partial release may be denied or (i) a reduction of principal outstanding to the Margined Value or (ii) an increase in the Collateral to the Margined Value may be required by the Lender as a condition to the partial release.
The Margined Value of the Collateral is at least equal to the greater of (i) $15,000,000 or (ii) the sum of the aggregate of the (A) Loan Exposures of all of the Banks, and (B) the LC Exposures of all of the Banks (in each case after giving effect to the requested Credit Extension and any other outstanding requests for Loans, Letters of Credit or Steamship Indemnities).
Permit the Collateral Account to have a Margined Value of less than the greater of (i) $15,000,000 or (ii) the sum of the aggregate of the (A) Loan Exposures of all of the Banks, and (B) the LC Exposures of all of the Banks (in each case after giving effect to the requested Credit Extension and any other outstanding requests for Loans, Letters of Credit or Steamship Indemnities).
If the aggregate of the Loan Exposure and the LC Exposure of all the Banks is reduced at any time to less than $15,000,000, the Agent shall release upon the request of the Pledgor the amount of Collateral in excess of a Margined Value of $15,000,000.
In the event the Fair Market Value of the Collateral shall be less than the Margined Value of the Collateral required under the Credit Agreement, then the Pledgor shall, within one business day following notice from the Agent, provide or cause additional property to be transferred to the Collateral Accounts such that the Fair Market Value of the Collateral shall be equal to or greater than the Margined Value of the Collateral required under the Credit Agreement.
If the aggregate of the Loan Exposure and LC Exposure of all of the Banks is reduced at any time to less than $15,000,000, the Agent shall release upon the request of the Borrower the amount of Collateral in excess of a Margined Value of $15,000,000.

More Definitions of Margined Value

Margined Value is added as follows:

Margined Value has the meaning set out in the CSA Operating Procedures;