Minimum Value. If at any time the aggregate of the Ship's Value of the Vessels shall fall below 140 % of the Loan, the Borrower shall either (i) prepay the amount of the Loan necessary to restore such ratio or (ii) provide additional security for the Loan which in the reasonable opinion of all Lenders is deemed satisfactory for restoring such ratio.
Appears in 2 contracts
Sources: Term Loan Facility Agreement (Ship Finance International LTD), Amendment Agreement (Ship Finance International LTD)