Security Value definition

Security Value means the amount in Dollars (as certified by the Agent whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrowers and the Creditors) which is, at any relevant time, the aggregate of (a) the market value of the Mortgaged Ships as most recently determined in accordance with clause 8.2.2 and (b) the market value of any additional security for the time being actually provided to the Creditors or any of them pursuant to clause 8.2;
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Security Value means the amount in USD (as certified by the Agent) which is, at any relevant time, the aggregate of (a) the Valuation Amounts of the Mortgaged Vessels as most recently determined in accordance with clause 8.2.2 and (b) the net realizable market value of any additional security for the time being actually provided to the Lenders pursuant to clause 8.2.1(b) and (c) cash over which there is an Encumbrance as security for the obligations of the Borrowers under this Agreement;
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Security Value means the amount in USD (as certified by the Bank) which, at any relevant time, is the aggregate of (i) the Valuation Amounts of the Vessels as most recently determined in clause 8.2.2 and (ii) the market value of any additional security (or, in the case of cash Dollars, its face value) the at that time held by the Bank and provided under clause 8.2.1 or otherwise;
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Examples of Security Value in a sentence

  • In connection with any additional security provided in accordance with this Clause 25 (Security Value Maintenance), the Agent shall be entitled to receive such evidence and documents of the kind referred to in Clause 4 (Conditions of Utilisation) in respect of other Finance Documents as may in the Agent's opinion be appropriate.

  • All costs in connection with the Agent obtaining any valuation of the Ship referred to in Clause 23.4 (Valuation of the Ship), and obtaining any valuation either of any additional security for the purposes of ascertaining the Security Value at any time or necessitated by the Borrower electing to constitute additional security pursuant to paragraph (b) of Clause 25.1 (Security Shortfall) shall be borne by the Borrower.

  • Any valuation under this Clause 25 (Security Value Maintenance) shall be binding and conclusive as regards the Borrower.

  • For the purpose of this Clause 25 (Security Value Maintenance), the market value of any additional security provided or to be provided to the Agent shall be determined by the Agent in its absolute discretion without any necessity for the Agent assigning any reason thereto.


More Definitions of Security Value

Security Value the value of the Balance, calculated on the basis of the valuation principles and calculations used by ▇▇▇▇▇▇, as further clarified in the document Security Value, Risk, Debit Money and Debit Securities in the Investment Services Information.
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Security Value means with respect to any Charged Securities (excluding Ineligible Securities) at any given time, the market price (net of expenses) which the Bank determines in its discretion, could be obtained on a sale of such Charged Securities at such time and in such market on which securities of the same type is normally dealt (for the avoidance of doubt, certain Charged Securities may be valued by the Bank at zero or no value);
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Security Value means, at any time, the amount in dollars which, at that time, is the aggregate of (a) the Market Value of all Mortgaged Ships which have not then become a Total Loss and (b) the value of any additional security then held by the Security Agent or any other Finance Party provided under clause 26 (Minimum security value), in each case as most recently determined in accordance with this Agreement.
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Security Value means the amount in USD (as certified by the Lender) which is, at any relevant time, the aggregate of:
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Security Value means the amount in Dollars (as certified by the Agent whose certificate shall, in the absence of manifest error, be conclusive and binding on the Borrower and the Agent) which, at any relevant time, is the aggregate of (i) the market value of the Ship as most recently determined in accordance with Clause 13.4 (Valuation of the Ship); and (ii) the market value of any additional security for the time being actually provided to the Agent pursuant to Clause 15 (Security Value Maintenance).
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Security Value means the amount in USD (as certified by the Agent) which is, at any relevant time, the aggregate of (a) the Valuation Amounts of the Mortgaged Vessels as most recently determined
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Security Value means the amount in Dollars (as certified by the Agent whose certificate shall, in the absence of manifest error, be conclusive and binding on the parties hereto) which, at any relevant time, is equal to:-
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