Minimum Value. The Borrower shall ensure that the Market Value of the Vessels be at least one hundred and twenty per cent (120.00%) of the Loan at any time.
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Sources: Term Loan Facility Agreement (B Plus H Ocean Carriers LTD)
Minimum Value. The Borrower Borrowers shall ensure that the Market Value of the Vessels be at least one hundred and twenty per cent (120.00%) of the Loan Loans at any timetime from the earlier of (i) the expiry of the Charterparty for MV “▇▇▇▇▇ ▇. ▇▇▇▇▇” and (ii) 30 September 2008.
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Minimum Value. The Borrower Borrowers shall ensure that the Market Value of the Vessels shall be at least one hundred and twenty thirty-five per cent (120.00135%) of the Loan Loans at any time.
Appears in 1 contract
Sources: Reducing Revolving Credit Facility Agreement (B Plus H Ocean Carriers LTD)