{"component": "definition", "props": {"groups": [{"samples": [{"hash": "jggWkbVeOwy", "uri": "/contracts/jggWkbVeOwy#security-value", "label": "Loan Agreement (Aegean Marine Petroleum Network Inc.)", "score": 27.3216972351, "published": true}, {"hash": "knz85X0BB1o", "uri": "/contracts/knz85X0BB1o#security-value", "label": "Third Supplemental Agreement (Aegean Marine Petroleum Network Inc.)", "score": 25.3216972351, "published": true}, {"hash": "hlsINcs1slK", "uri": "/contracts/hlsINcs1slK#security-value", "label": "Ninth Supplemental Agreement (Aegean Marine Petroleum Network Inc.)", "score": 25.3216972351, "published": true}], "snippet": "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 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"j5VrheJw6Ty", "uri": "/contracts/j5VrheJw6Ty#security-value", "label": "Facility Agreement (Navios Maritime Partners L.P.)", "score": 23.7446956635, "published": true}, {"hash": "cFhVqoBLduw", "uri": "/contracts/cFhVqoBLduw#security-value", "label": "Facility Agreement (Navios Maritime Holdings Inc.)", "score": 23.5557842255, "published": true}, {"hash": "li4BDZkhPtO", "uri": "/contracts/li4BDZkhPtO#security-value", "label": "Facility Agreement", "score": 21.3750858307, "published": true}], "snippet": "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;", "snippet_links": [{"key": "by-the-agent", "type": "clause", "offset": [38, 50]}, {"key": "relevant-time", "type": "clause", "offset": [69, 82]}, {"key": "the-valuation", "type": "clause", "offset": [105, 118]}, {"key": "the-mortgaged-vessels", "type": "clause", "offset": [130, 151]}, {"key": "in-accordance-with", "type": "definition", "offset": [180, 198]}, {"key": "the-net", "type": "clause", "offset": [220, 227]}, {"key": "market-value", "type": "definition", "offset": [239, 251]}, {"key": "additional-security", "type": "clause", "offset": [259, 278]}, {"key": "the-lenders", "type": "clause", "offset": [319, 330]}, {"key": "pursuant-to-clause", "type": "clause", "offset": [331, 349]}, {"key": "cash-over", "type": "definition", "offset": [367, 376]}, {"key": "obligations-of-the-borrowers", "type": "definition", "offset": [427, 455]}, {"key": "this-agreement", "type": "clause", "offset": [462, 476]}], "size": 27, "hash": "27b4106d31de793ea71f3a4071cab657", "id": 2}, {"samples": [{"hash": "aAZz0TeJEk7", "uri": "/contracts/aAZz0TeJEk7#security-value", "label": "Facility Agreement", "score": 30.3408622742, "published": true}, {"hash": "3kUT95GliLI", "uri": "/contracts/3kUT95GliLI#security-value", "label": "Facility Agreement", "score": 30.3408622742, "published": true}, {"hash": "cnrarFq4nfp", "uri": "/contracts/cnrarFq4nfp#security-value", "label": "Facility Agreement (Navios Maritime Acquisition CORP)", "score": 21.0287475586, "published": true}], "snippet": "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;", "snippet_links": [{"key": "by-the-bank", "type": "clause", "offset": [38, 49]}, {"key": "relevant-time", "type": "clause", "offset": [65, 78]}, {"key": "the-valuation", "type": "clause", "offset": [104, 117]}, {"key": "the-vessels", "type": "clause", "offset": [129, 140]}, {"key": "in-clause", "type": "clause", "offset": [169, 178]}, {"key": "market-value", "type": "definition", "offset": [198, 210]}, {"key": "additional-security", "type": "clause", "offset": [218, 237]}, {"key": "in-the-case", "type": "clause", "offset": [243, 254]}, {"key": "face-value", "type": "clause", "offset": [276, 286]}, {"key": "under-clause", "type": "clause", "offset": [335, 347]}], "size": 21, "hash": "1c5685cee7b27bf650058b75137b5689", "id": 3}, {"samples": [{"hash": "9AErHjcKlaY", "uri": "/contracts/9AErHjcKlaY#security-value", "label": "Client Agreement", "score": 27.8747425079, "published": true}, {"hash": "5EPi9jQey51", "uri": "/contracts/5EPi9jQey51#security-value", "label": "Client Agreement", "score": 26.6632442474, "published": true}, {"hash": "8lg4j9Y9aX6", "uri": "/contracts/8lg4j9Y9aX6#security-value", "label": "Client Agreement", "score": 26.6618747711, "published": true}], "snippet": "the value of the Balance, calculated on the basis of the valuation principles and calculations used by \u2587\u2587\u2587\u2587\u2587\u2587, as further clarified in the document Security Value, Risk, Debit Money and Debit Securities in the Investment Services Information.", "snippet_links": [{"key": "the-value", "type": "clause", "offset": [0, 9]}, {"key": "the-balance", "type": "clause", "offset": [13, 24]}, {"key": "basis-of", "type": "clause", "offset": [44, 52]}, {"key": "valuation-principles", "type": "definition", "offset": [57, 77]}, {"key": "document-security", "type": "clause", "offset": [139, 156]}, {"key": "debit-money", "type": "clause", "offset": [170, 181]}, {"key": "debit-securities", "type": "definition", "offset": [186, 202]}, {"key": "investment-services-information", "type": "definition", "offset": [210, 241]}], "size": 9, "hash": "a7dec7006a1f73ef8a916d7d271a9d36", "id": 4}, {"samples": [{"hash": "5jOoc6z8rKy", "uri": "https://www.hangseng.com/content/dam/wpb/hase/en_hk/personal/banking-services/pdf/ia_tnc_eng_previous.pdf", "label": "www.hangseng.com", "score": 16.4601650238, "published": false}, {"hash": "4pQQBY9TIEI", "uri": "https://www.hangseng.com/content/dam/hase/en_hk/personal/banking-services/pdf/ia_tnc_eng_previous.pdf", "label": "www.hangseng.com", "score": 10.7371664047, "published": false}, {"hash": "bhYjyGf3nqN", "uri": "https://www.hangseng.com/content/dam/hase/en_hk/personal/banking-services/pdf/ia_tnc_eng.pdf", "label": "www.hangseng.com", "score": 10.7371664047, "published": false}], "snippet": "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);", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [6, 21]}, {"key": "charged-securities", "type": "clause", "offset": [26, 44]}, {"key": "ineligible-securities", "type": "clause", "offset": [56, 77]}, {"key": "the-market-price", "type": "clause", "offset": [98, 114]}, {"key": "in-its-discretion", "type": "clause", "offset": [159, 176]}, {"key": "sale-of", "type": "clause", "offset": [201, 208]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [321, 347]}, {"key": "by-the-bank", "type": "clause", "offset": [390, 401]}], "size": 9, "hash": "77b6f9bcfa56a2cf6dcb581e190fa6e4", "id": 5}, {"samples": [{"hash": "g1SYU8TnFYr", "uri": "/contracts/g1SYU8TnFYr#security-value", "label": "Facility Agreement", "score": 35.0430641174, "published": true}, {"hash": "8CqYBGDHTAJ", "uri": "/contracts/8CqYBGDHTAJ#security-value", "label": "Facility Agreement (Danaos Corp)", "score": 33.4038314819, "published": true}], "snippet": "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.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}, {"key": "market-value", "type": "definition", "offset": [91, 103]}, {"key": "mortgaged-ships", "type": "clause", "offset": [111, 126]}, {"key": "total-loss", "type": "clause", "offset": [156, 166]}, {"key": "the-value", "type": "clause", "offset": [175, 184]}, {"key": "additional-security", "type": "clause", "offset": [192, 211]}, {"key": "the-security-agent", "type": "clause", "offset": [225, 243]}, {"key": "finance-party", "type": "definition", "offset": [257, 270]}, {"key": "under-clause", "type": "clause", "offset": [280, 292]}, {"key": "minimum-security-value", "type": "clause", "offset": [297, 319]}, {"key": "each-case", "type": "definition", "offset": [325, 334]}, {"key": "in-accordance-with", "type": "definition", "offset": [363, 381]}, {"key": "this-agreement", "type": "clause", "offset": [382, 396]}], "size": 9, "hash": "9429b8b6a1a47b3dfd0e43e1202a8749", "id": 6}, {"samples": [{"hash": "cwVuVtVDVSY", "uri": "/contracts/cwVuVtVDVSY#security-value", "label": "Loan Agreement (Pyxis Tankers Inc.)", "score": 33.2915802002, "published": true}, {"hash": "hCVv1q69Mc7", "uri": "/contracts/hCVv1q69Mc7#security-value", "label": "Loan Agreement (NewLead Holdings Ltd.)", "score": 21.3148536682, "published": true}], "snippet": "means the amount in USD (as certified by the Lender) which is, at any relevant time, the aggregate of:", "snippet_links": [{"key": "by-the-lender", "type": "clause", "offset": [38, 51]}, {"key": "relevant-time", "type": "clause", "offset": [70, 83]}], "size": 7, "hash": "1934d4fa29bf1f85a4996418f14c0434", "id": 7}, {"samples": [{"hash": "5bovLIyjMOV", "uri": "/contracts/5bovLIyjMOV#security-value", "label": "Loan Agreement (Prestige Cruises International, Inc.)", "score": 23.2737846375, "published": true}, {"hash": "leWfFiNCkZ8", "uri": "/contracts/leWfFiNCkZ8#security-value", "label": "Loan Agreement (Seven Seas Cruises S. DE R.L.)", "score": 23.0930862427, "published": true}, {"hash": "68FBiK9v5L8", "uri": "https://www.sec.gov/Archives/edgar/data/1534814/000153481413000037/exhibit102explorerllcloana.htm", "label": "Loan Agreement (Seven Seas Cruises S. DE R.L.)", "score": 13.8521556854, "published": false}], "snippet": "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).", "snippet_links": [{"key": "by-the-agent", "type": "clause", "offset": [42, 54]}, {"key": "manifest-error", "type": "clause", "offset": [98, 112]}, {"key": "conclusive-and-binding", "type": "clause", "offset": [117, 139]}, {"key": "the-borrower-and-the", "type": "clause", "offset": [143, 163]}, {"key": "relevant-time", "type": "clause", "offset": [185, 198]}, {"key": "market-value", "type": "definition", "offset": [228, 240]}, {"key": "in-accordance-with", "type": "definition", "offset": [281, 299]}, {"key": "valuation-of-the-ship", "type": "clause", "offset": [313, 334]}, {"key": "additional-security", "type": "clause", "offset": [370, 389]}, {"key": "pursuant-to-clause-15", "type": "clause", "offset": [440, 461]}, {"key": "security-value-maintenance", "type": "clause", "offset": [463, 489]}], "size": 6, "hash": "3e8fa9ac4852e776f2b638ba8ee4b0c0", "id": 8}, {"samples": [{"hash": "atdlc3hsUGw", "uri": "https://ir.navios.com/static-files/cc6e2c19-5baf-4401-8d1b-d735c6e8b510", "label": "ir.navios.com", "score": 9.9637231827, "published": false}, {"hash": "fn5d6pVmTpn", "uri": "https://www.sec.gov/Archives/edgar/data/1437260/000095012310043690/y03451exv99w1.htm", "label": "Proxy (Navios Maritime Acquisition CORP)", "score": 9.3367557526, "published": false}, {"hash": "5Sw644IWRd1", "uri": "https://www.sec.gov/Archives/edgar/data/1437260/000095012310033067/y03308exv99w2.htm", "label": "Navios Maritime Acquisition CORP", "score": 5.2655715942, "published": false}], "snippet": "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", "snippet_links": [{"key": "by-the-agent", "type": "clause", "offset": [38, 50]}, {"key": "relevant-time", "type": "clause", "offset": [69, 82]}, {"key": "the-valuation", "type": "clause", "offset": [105, 118]}, {"key": "the-mortgaged-vessels", "type": "clause", "offset": [130, 151]}], "size": 5, "hash": "3705e22a3d68f7e83d203f38f621bc57", "id": 9}, {"samples": [{"hash": "grlXUXG4Gfi", "uri": "/contracts/grlXUXG4Gfi#security-value", "label": "Loan Agreement (Stena Ab)", "score": 19.0, "published": true}, {"hash": "agYmerzZWt3", "uri": "/contracts/agYmerzZWt3#security-value", "label": "Loan Agreement (Stena Ab)", "score": 19.0, "published": true}, {"hash": "kCqu8aMo5r", "uri": "/contracts/kCqu8aMo5r#security-value", "label": "Facility Agreement (Stena Ab)", "score": 18.0, "published": true}], "snippet": "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:-", "snippet_links": [{"key": "by-the-agent", "type": "clause", "offset": [42, 54]}, {"key": "manifest-error", "type": "clause", "offset": [98, 112]}, {"key": "the-parties-hereto", "type": "clause", "offset": [143, 161]}, {"key": "relevant-time", "type": "clause", "offset": [177, 190]}], "size": 5, "hash": "dc5c4d9eb1fe470c262d96b6bd03d921", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIXc2VjdXJpdHktdmFsdWUjMDAwMDAwMGEMogECZW4YACAA", "definition": {"snippet": "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;", "title": "Security Value", "size": 326, "id": "security-value", "examples": ["In connection with any additional security provided in accordance with this Clause 25 (<strong>Security Value</strong> 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&#x27;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 <strong>Security Value</strong> 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 (<strong>Security Value</strong> Maintenance) shall be binding and conclusive as regards the Borrower.", "For the purpose of this Clause 25 (<strong>Security Value</strong> 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."], "related": [["maturity-value", "Maturity Value", "Maturity Value"], ["equity-value", "Equity Value", "Equity Value"], ["property-value", "Property Value", "Property Value"], ["casualty-value", "Casualty Value", "Casualty Value"], ["total-equity-value", "Total Equity Value", "Total Equity Value"]], "related_snippets": [], "updated": "2026-11-01T04:22:03+00:00"}, "json": true, "cursor": ""}}