Security Cover. 24.1 Minimum required security cover Clause 24.2 (Provision of additional security; prepayment) applies if, at any time throughout the Security Period, the Facility Agent (acting on the instructions of the Majority Lenders) notifies the Borrowers that the Security Cover Ratio is below 130 per cent. of the Senior Loan.
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Security Cover. 24.1 Minimum required security cover Clause 24.2 (Provision of additional security; prepayment) applies if, at any time throughout the Security Period, the Facility Agent (acting on the instructions of the Majority Lenders) notifies the Borrowers that the Security Cover Ratio is below 130 per cent. of the Senior Loan.that:
Appears in 1 contract
Samples: Junior Facility Agreement (Global Ship Lease, Inc.)
Security Cover. 24.1 Minimum required security cover Clause 24.2 (Provision of additional security; prepayment) applies if, at any time throughout the Security Period, if the Facility Agent (acting on the instructions of the Majority Lenders) notifies the Borrowers that the Security Cover Ratio is below 130 per cent. of the Senior Loan.that:
Appears in 1 contract
Security Cover. 24.1 23.1 Minimum required security cover Clause 24.2 23.2 (Provision of additional security; prepayment) applies if, at any time throughout the Security Period, if the Facility Agent (acting on the instructions of the Majority Lenders) notifies the Borrowers that the Security Cover Ratio is below 130 per cent. of the Senior Loan.that:
Appears in 1 contract
Security Cover. 24.1 Minimum required security cover Clause 24.2 (Provision of additional security; prepayment) applies if, if at any time throughout the Security Period, the Facility Agent (acting on the instructions of the Majority Lenders) notifies the Borrowers that the Security Cover Ratio is below 130 per cent. of the Senior Loan.Borrower that:
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Samples: Assignment Agreement (Taylor Maritime Investments LTD)
