Minimum Collateral Value. Customer further warrants and agrees that the aggregate immediate market value of the Collateral will at all times during the term hereof be not less than the Minimum Value. In determining the value of the Collateral for the purposes of this Section, no value will be given to any financial assets or investment property in or controlled through the Securities Account for less than 30 calendar days where such financial assets or investment property either: (i) have been issued by an open-end investment company (including money market funds and other open-end mutual funds) other than in connection with reinvestment of dividends; or (ii) are part of a new issue with respect to which MLPF&S participated as a member of the selling group or syndicate.
Minimum Collateral Value. The aggregate Collateral Value of Firm Securities subject to Agreements to Pledge in favor of the Bank shall at all times equal or exceed the aggregate unpaid principal amount of all Discretionary Loans and unreimbursed face amount of all Letters of Credit.
Minimum Collateral Value. 5 NAI............................................................................. 5 NAI's Purchase Agreement Obligations............................................ 5
Minimum Collateral Value. The Pledgor shall maintain on deposit, in the Account, Collateral with an actual market value of not less than the Minimum Collateral Amount, taking into account any penalties, fees, discounts or other amounts that could result in any reduction in the actual cash value of any of the Collateral upon any liquidation or early termination of any investments prior to the maturity date thereof.
Minimum Collateral Value. Maintain a loan to value ratio whereby the Net Orderly Liquidation Value of the Collateral plus the Interim Assigned Value of the Collateral equals or exceeds 118% of the aggregate outstanding principal balance of the Guidance Notes (the “Minimum Collateral Value”), provided, however, if upon receipt of any updated appraisal of the Collateral, Borrower does not meet the Minimum Collateral Value, Borrower shall have the right to add additional Eligible Equipment to the Collateral at any time prior to the due date of the next succeeding Loan Base Report. In addition, at any time during the term of this Agreement so long as no Event of Default exists, Borrower may add or remove Eligible Equipment to and from the Collateral so long as it maintains the required Minimum Collateral Value. The value of any Eligible Equipment which is added to or removed from the Collateral shall be its Net Orderly Liquidation Value, and to the extent that any such Eligible Equipment was not appraised during the twelve (12) months preceding its addition or removal, such equipment shall be valued at the Interim Assigned Value.
Minimum Collateral Value. 5- NAI.........................................................................-5- NAI'S PURCHASE AGREEMENT OBLIGATIONS........................................-5- NOTICE OF SECURITY INTEREST.................................................-5- OTHER LIABLE PARTY..........................................................-6- PARTICIPANTS................................................................-6-
Minimum Collateral Value. 1. The PLEDGORS shall ensure –on a joint and several basis- that the Collateral Value at any time when the Pledge and the Transfer of Title is in full force and effect shall be not less than the Minimum Collateral Value. The Parties confirm that the Collateral Cash forms part of the Collateral, but that the Collateral Cash’s Value does not form part of the Collateral Value and that the Collateral Cash’s Value shall hence not be taken into account for the purpose of testing compliance with the Minimum Collateral Value requirement under this Article 2.02.
Minimum Collateral Value. The value of the Shares shall not at any time be less that two hundred percent (200%) of the outstanding principal amount of the Loan (the "Required Value"). In the event the value of the Shares, for any reason and at any time, is less than the Required Value, Borrower shall within ten (10) business days make a principal reduction on the Loan or provide additional collateral of a nature satisfactory to Bank, in either case in amounts or with values sufficient to achieve the Required Value. As used in this Agreement, the value of Shares shall be the closing price of such Shares as quoted on the New York Stock Exchange on the date of determination.
Minimum Collateral Value. (a) The sum of (i) the current market value of the Pledged Collateral plus (ii) the current market value of any additional common shares of SFX Broadcasting, Inc., a Delaware corporation, or other marketable collateral acceptable to the Bank in its sole discretion (the "Additional Collateral"), pledged to the Bank by the Pledgor, multiplied by 50%, shall not at any time be less than the sum of the unpaid principal amount of the Note plus the unpaid principal amount of any other obligations of the Pledgor to the Bank, whether now or hereinafter incurred. If at any time during the period of this Agreement, the aggregate market value of the Pledged Collateral plus the aggregate market value of the Additional Collateral shall be less than the above required amount, the Pledgor shall cause, within two days following its receipt of written demand therefor from the Bank, pledge and deliver to the Bank (or its designated subagent) for holding in the Account, marketable securities which are Permitted Collateral having an aggregate market value equal to the amount of any such deficiency. Any Additional Collateral pledged and delivered to the Bank (or its designated subagent) for holding in the Account, pursuant to this Section 4 shall be accompanied by proper instruments of assignment and/or stock and/or bond powers executed by the Pledgor in accordance with the instructions of the Bank. Pledged Collateral released by the Bank shall be redelivered to the Pledgor by the Bank and be accompanied by proper instruments of reassignment and/or stock and/or bond powers (as appropriate) executed by the Bank (or its nominee) in favor of the Pledgor or as the Pledgor shall direct, all at the expense of the Pledgor and without recourse upon or warranty by the Bank or any such nominee.
Minimum Collateral Value. That the Debtor shall comply with the following minimum collateral value requirements:
