Minimum Collateral Sample Clauses

The Minimum Collateral clause sets a required baseline amount of collateral that must be maintained by a party in a financial or contractual arrangement. This clause typically applies to transactions involving loans, derivatives, or secured obligations, where the party providing collateral must ensure that its value does not fall below a specified threshold. By establishing this minimum, the clause helps protect the counterparty from credit risk by ensuring there are always sufficient assets available to cover potential losses or defaults.
Minimum Collateral. Holdings will not at any time permit the Collateral to Total Exposure Ratio to be less than 0.50 to 1.00; provided, however, that if Holdings shall fail to maintain the Collateral to Total Exposure Ratio as set forth in this Section 9.15, the Borrower shall as soon as reasonably practicable, but not in any event later than 45 days after the occurrence of such failure, cause one or more Qualified Aircraft to be admitted to the Collateral Pool in order to cause Holdings to be in compliance with this Section 9.15 (such compliance to be both at the time of the initial determination requiring curative action under this Section 9.15 and immediately after giving effect to the addition of such Qualified Aircraft).
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Minimum Collateral. Collateral determined by the Bank on the basis of comprehensive assessment of risk resulting from the given Transaction, taking into account its type, currency, Transaction amounts, nominal values, the term for which it has been executed, price volatility level or underlying instrument volatility level. In the course of agreeing on the Transaction Terms, upon express request of the Customer, the Bank shall specify the value of the Minimum Collateral concerning any given Transaction.
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Minimum Collateral. At all times during the term of this Agreement, the Depository agrees: a. To maintain on deposit with the Custodian, for the benefit of the Treasurer, acceptable Collateral having a fair market value that is at least 102 percent of the amount of the uninsured balances of the public money of the public depositor held by the Depository. b. Should the Depository not maintain the minimum level of Collateral required to be held by the Custodian as described in paragraph (a), the Depository must pledge additional collateral to meet the requirements described in paragraph (a) on or before the close of market on the same business day that the Depository fails to maintain the minimum level of Collateral required by paragraph (a). c. Depository agrees that at no time will the Depository hold public money in an amount exceeding the total equity of the Depository as reflected in the financial statements of the Depository.
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Minimum Collateral. The Minimum PO/AR Level and Minimum Cash Collateral Level set forth in Section 7 shall be met after giving effect to the issuance of any Note previously issued or being issued and application of a portion of the Note proceeds to the Cash Collateral Level.
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Minimum Collateral. The Pledge Agreements executed under Section 3.4(H) shall include a pledge of the Loan Parties' interest in the Chateau on the Lake, Branson, Missouri. In addition to the pledge of the equity interests in the Chateau on the Lake, the minimum cash equity investment in the Existing ▇▇▇▇▇▇▇ Hotels that are owned indirectly by Borrower through its ownership of the Project Owners will not be less than $25,000,000.
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Minimum Collateral. As security for the prompt payment and performance in full when due of its obligations under this Agreement, prior to the Closing Date and at all times during this Agreement Premcor must provide MSCG with a Letter of Credit in the amount of **______________ (the "Minimum Collateral L/C"). The term of the Minimum Collateral L/C shall be the maximum allowable term (with automatic renewal, if allowed) under that certain Amended and Restated Credit Agreement dated February 11, 2003 between Premcor and the financial institutions party thereto or any successor credit facility. ______________________ ** This information is confidential and has been omitted and separately filed with the Securities and Exchange Commission.
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Minimum Collateral. Commencing as of the date of this Agreement and continuing until $100,000,000 aggregate principal amount of Notes have been issued under this Agreement, the Company will not permit the Collateral Value to be less than $150,000,000 at any time.
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Related to Minimum Collateral

  • Assemble Collateral Lender may require Grantor to deliver to Lender all or any portion of the Collateral and any and all certificates of title and other documents relating to the Collateral. Lender may require Grantor to assemble the Collateral and make it available to Lender at a place to be designated by Lender. Lender also shall have full power to enter upon the property of Grantor to take possession of and remove the Collateral. If the Collateral contains other goods not covered by this Agreement at the time of repossession, Grantor agrees Lender may take such other goods, provided that Lender makes reasonable efforts to return them to Grantor after repossession.

  • Possessory Collateral Immediately upon Borrower's receipt of any portion of the Collateral evidenced by an agreement, Instrument or Document, including, without limitation, any Tangible Chattel Paper and any Investment Property consisting of certificated securities, Borrower shall deliver the original thereof to Lender together with an appropriate endorsement or other specific evidence of assignment thereof to Lender (in form and substance acceptable to Lender). If an endorsement or assignment of any such items shall not be made for any reason, Lender is hereby irrevocably authorized, as Borrower's attorney and agent-in-fact, to endorse or assign the same on Borrower's behalf.

  • CREDIT AND COLLATERAL REQUIREMENTS The applicable credit and collateral requirements are specified on the Cover Sheet.

  • Additional Collateral (a) With respect to any Capital Stock of any newly created or acquired Subsidiary or any newly issued Capital Stock of any existing Subsidiary acquired after the Original Closing Date by the Borrower or any of its Subsidiaries that is intended to be subject to the Lien created by any of the Pledge Agreements but which is not so subject, promptly (and in any event within 30 days after the acquisition thereof): (i) execute and deliver to the Administrative Agent such amendments to the relevant Pledge Agreements or such other documents as the Administrative Agent shall deem necessary or advisable to grant to the Administrative Agent, for the benefit of the Lenders, a Lien on such Capital Stock, (ii) take all actions necessary or advisable to cause such Lien to be duly perfected in accordance with all applicable Requirements of Law, including delivering all such original certificates evidencing such Capital Stock to the Administrative Agent together with undated stock powers executed in blank therefor, and (iii) if requested by the Administrative Agent or the Required Lenders, deliver to the Administrative Agent legal opinions relating to the matters described in clauses (i) and (ii) immediately preceding, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. Notwithstanding the foregoing, the Borrower shall not be required to grant to the Administrative Agent a Lien upon the Capital Stock of any Immaterial Subsidiary. (b) With respect to any Person that, subsequent to the Original Closing Date, becomes a direct or indirect Subsidiary of the Borrower, promptly (and in any event within 30 days after such Person becomes a Subsidiary): (i) cause such new Subsidiary to become a party to the Subsidiary Pledge Agreement and the Subsidiary Guarantee and (ii) if requested by the Administrative Agent or the Required Lenders, deliver to the Administrative Agent legal opinions relating to the matters described in clause (i) immediately preceding, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. Notwithstanding the foregoing, no Immaterial Subsidiary or Foreign Subsidiary of the Borrower shall be required to execute a Subsidiary Guarantee or Subsidiary Pledge Agreement, and no more than 65% of the Capital Stock of or equity interests in any Foreign Subsidiary of the Borrower or any of its Subsidiaries if more than 65% of the assets of such Subsidiary are securities of foreign companies (such determination to be made on the basis of fair market value), shall be required to be pledged hereunder.

  • New Collateral Locations Borrower may open any new location within the continental United States provided Borrower (a) gives Lender thirty (30) days prior written notice of the intended opening of any such new location and (b) executes and delivers, or causes to be executed and delivered, to Lender such agreements, documents, and instruments as Lender may deem reasonably necessary or desirable to protect its interests in the Collateral at such location, including UCC financing statements.