Common use of Minimum Value Clause in Contracts

Minimum Value. The Borrowers shall ensure that the Market Value of the Ships be at least the higher of: (a) one hundred and thirty-five per cent (135%) of the amount outstanding under the Nordea Facility at any time; and (b) one hundred and twenty per cent (120%) of the aggregate of (i) the amount outstanding under the Nordea Facility and (ii) the Advance;