Value of security. The value of security required for the purposes of this clause 10 is the Distributor's reasonable estimate of the Distribution Services charges that the Trader will be required to pay to the Distributor in respect of any period of not more than 2 weeks, notified in writing by the Distributor to the Trader. If additional security is required in accordance with clause 10.7 ("Additional Security"), the Distributor's notice provided under clause 10.1 must state the amount of the Additional Security.
Value of security. The value of security required for the purposes of this clause 12 is the amount calculated in accordance with clause 12A.4 or 12A.5 (as applicable) of the Code and advised by the Distributor to the Retailer in the Distributor's notice under clause 12.1. If additional security is required in accordance with clause 12A.5 of the Code ("Additional Security"), the Distributor's notice provided under clause 12.1 must state the amount of the Additional Security.
Value of security. The Borrower shall not take any action which could reasonably be expected to have any Material Adverse Effect.
Value of security. The value of security required for the purposes of this clause 12 as at the Commencement Date is the value described in clause 12A.4(5) of the Code, as advised by the Distributor to the Retailer in writing prior to the Commencement Date.
Value of security. Valuations obtained (not more than 30 days before the first Utilisation Date) in accordance with clause 23 (Minimum security value) showing that the Security Value of the Ships will not be less than the Minimum Value upon the Utilisation Date.
Value of security. The Borrower Party shall not take any action which could reasonably be expected to have any Material Adverse Effect.
Value of security. The value of security required for the purposes of this Schedule as at the Commencement Date is the value described in clause 12A.4(5) of the Code, as advised by the Distributor to the Network User in writing prior to the Commencement Date.
Value of security. Valuations for the relevant Ship obtained (not more than forty five (45) days before the relevant Utilisation Date) and prepared on a basis in accordance with clause 25 (Minimum security value).
Value of security. The value of security required for the purposes of this Schedule 6.6.6 is the Distributor's reasonable estimate of the Distribution Services charges that the Retailer will be required to pay to the Distributor in respect of any period of not more than 2 weeks, notified in writing by the Distributor to the Retailer. If additional security is required in accordance with Schedule 6.6.7 ("Additional Security"), the Distributor's notice provided in accordance with Schedule 6.6.1 must state the amount of the Additional Security.
