Total Security Value definition

Total Security Value means the higher of:
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Total Security Value means, as at any particular time, the aggregate of:
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Total Security Value means at any particular time, the aggregate of the value of the OKGL Security Properties and any cash standing to the credit of a Sale Proceeds Account into which proceeds from a Property Sale of an OKGL Security Property had been credited.
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Examples of Total Security Value in a sentence

  • The Borrower shall ensure and procure that the ratio of Loan to Total Security Value will not at any time exceed 1.00 / 0.

  • The Lender may after obtaining all approvals required by the Lender, upon the written request of the Borrower and the Borrower furnishing such Security and/or guarantees required pursuant to such approvals, agree to release any Security under the Security Documents at the cost and expense of the Borrower, provided that, immediately after such release, the ratio of Loan to Total Security Value does not exceed 1.00 / 0.65.

  • We confirm that, up to the date of our most recent financial statements, the Loan to Total Security Value was less than 1.00 / 0.65.

  • The Borrower shall ensure and procure that the ratio of Total Loans to Total Security Value will not at any time exceed 0.75 to 1.

Related to Total Security Value

  • 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;

  • Total Equity Value means, as of any date of determination, the aggregate proceeds which would be received by the Unitholders if: (i) the assets of the Company were sold at their fair market value to an independent third-party on arm’s-length terms, with neither the seller nor the buyer being under compulsion to buy or sell such assets; (ii) the Company satisfied and paid in full all of its obligations and liabilities (including all Taxes, costs and expenses incurred in connection with such transaction and any amounts reserved by the Manager with respect to any contingent or other liabilities); and (iii) such net sale proceeds were then distributed in accordance with Section 4.1, all as determined by the Manager in good faith based upon the Class A Common Stock Value as of such date.

  • Equity Value means the amount by which the true and fair value of a residence exceeds the total amount of all liens, obliga- tions, and encumbrances against the property, excluding deferral liens. As used in this context, the "true and fair value" of a resi- dence is the value shown on the county tax rolls maintained by the as- sessor for the assessment year in which the deferral claim is made.

  • Interest Cover Ratio means the ratio of the Group’s consolidated EBITDA to interest expenses for the previous period of twelve (12) months.

  • Net Equity Value means, at any time, the total assets of the applicable business less the total liabilities of such business less the amounts attributable to the minority interest in such business, in each case as determined on a consolidated basis, in accordance with GAAP, subject to the last sentence of the definition of Capitalization Value.