Common use of Security Requirement Clause in Contracts

Security Requirement. We further refer to clause 8.2.1 of the Loan Agreement and hereby certify that, as at [insert date of valuation] and on the date hereof: (a) the Security Value is in the amount of $[•], calculated as shown in [Appendix D]; and (b) the Loan is in the amount of $[•] calculated as shown in [Appendix E]; and (c) [the Security Requirement ratio is [•]%, versus the required ratio of [125]%1 OR [the Security Requirement ratio of 125% is met.]

Security Requirement. We further refer to clause 8.2.1 of the Loan Agreement and hereby certify that, as at [insert date of valuation] and on the date hereof: (a) the Security Value is in the amount of $[•—], calculated as shown in [Appendix DF]; and (b) the Loan is in the amount of $[•—] calculated as shown in [Appendix EG]; and (c) [the Security Requirement ratio is [•]%—]%, versus the required ratio of [125]%1 OR 130] [the Security Requirement ratio of 125% is met.]135]%

Security Requirement. We further refer to clause 8.2.1 12.2.1 (Security shortfall) of the Loan Agreement and hereby certify that, as at [insert date of valuation] and on the date hereof: (ai) the Security Value is in the amount of $[•], calculated as [shown in [Appendix D●]; and (bii) the Loan is in the amount of $[•] ], calculated as [shown in [Appendix E●]; and (ciii) [the Security Requirement ratio is [•]%, •]% versus the required ratio of [125]%1 OR [the Security Requirement ratio of 125% is met%.]