Common use of Minimum required security cover Clause in Contracts

Minimum required security cover. The Borrower shall ensure that at all times during the Security Period the market value (determined as provided in Clause 15.3) of the Ship is at least 125 per cent of the Loan. Clause 15.2 applies if the Agent notifies the Borrower that:

Appears in 2 contracts

Sources: Amending and Restating Agreement, Amending and Restating Agreement (Golar LNG Partners LP)