Minimum Collateralization Ratio definition

Minimum Collateralization Ratio means, as of any Reporting Date, the percentage obtained by dividing (a) the sum of (i) the outstanding principal balance of Debtor’s Eligible Notes pledged to Lender as Collateral, by (b) the outstanding principal amount of the Indebtedness as of the date determined.
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Minimum Collateralization Ratio in Section 1 of the Agreement is hereby amended in its entirety to read as follows:
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Minimum Collateralization Ratio means on the date of determination a minimum ratio of 1.30 to 1.00, which calculated by dividing the aggregate outstanding unpaid balances of all Pledged Mortgages to the aggregate balance of the Advances. Except in an Event of Default, in which case the date of the determination will be any time the Lender so choses, the Lender will measure this ratio annually as of the fiscal year end or prior to the renewal of the Commitment, at Lender’s option. 
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Examples of Minimum Collateralization Ratio in a sentence

  • Borrower shall maintain at all times a Minimum Collateralization Ratio of at least 120.00% (the “Required MCR”).

  • If on any monthly valuation date Debtor determines that the value of the Collateral Loans exceeds the amount necessary to maintain a Minimum Collateralization Ratio of 150.00%, Debtor may request and receive a release of Collateral Loans up to the Dollar amount sufficient for Debtor to maintain compliance with such Minimum Collateralization Ratio.

  • If on any monthly valuation date Borrower determines that the value of the Collateral Loans exceeds the amount necessary to maintain Required MCR of 120.00%, Borrower may request and receive a release of Collateral Loans up to the dollar amount sufficient for Borrower to maintain compliance with such Minimum Collateralization Ratio.

  • Debtor shall maintain at all times a Minimum Collateralization Ratio of at least 110.00% (the “Required MCR”) and a Minimum Combined Collateralization Ratio of at least 120.00% (the “Required Combined MCR”).

  • Debtor shall maintain at all times a Minimum Collateralization Ratio of at least 128.00% (the “Required MCR”).

  • If at any time Debtor has not maintained a Minimum Collateralization Ratio (as defined in the LOAN AND SECURITY AGREEMENT governing the Wescorp Facility) under the Wescorp Facility of 150.00%, Debtor shall pledge to Lender (as liquidating agent of Western Corporate Federal Credit Union) the Collateral Loans released under this Section 4(g), to secure the Wescorp Facility, but only up to the Dollar amount sufficient for Debtor to maintain such minimum collateralization ratio under the Wescorp Facility.

  • At all times during the term of the Loan, the Borrower shall maintain the Minimum Collateralization Ratio of not less than 1.30 to 1.00.

  • The aggregate principal amount outstanding at any one time of all Advances of Pledged Mortgages shall not exceed the Commitment and the required Minimum Collateralization Ratio.

  • Debtor shall maintain at all times a Minimum Collateralization Ratio of at least 150.00% (the “Required MCR”).

  • Furthermore, the Advance cannot cause an Event of Default such as, without limitation, a violation of the Commitment and Minimum Collateralization Ratio.

Related to Minimum Collateralization Ratio

  • Minimum Collateral Amount means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 105% of the Fronting Exposure of the Issuing Lender with respect to Letters of Credit issued and outstanding at such time and (b) otherwise, an amount determined by the Administrative Agent and the Issuing Lender in their sole discretion.

  • Overcollateralization Ratio Test A test that is satisfied with respect to any Class or Classes of Secured Debt as of the Effective Date and any other date thereafter on which such test is required to be determined hereunder, if (i) the Overcollateralization Ratio for such Class or Classes on such date is at least equal to the Required Overcollateralization Ratio for such Class or Classes or (ii) such Class or Classes of Secured Debt is no longer outstanding.

  • Overcollateralization Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Minimum L/C Collateral Amount means, at any time, in connection with any Letter of Credit, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 102% of the Revolving L/C Exposure with respect to such Letter of Credit at such time and (ii) otherwise, an amount sufficient to provide credit support with respect to such Revolving L/C Exposure as determined by the Administrative Agent and the Issuing Banks in their sole discretion.