VALUE REQUIREMENT Clause Samples

VALUE REQUIREMENT. The outstanding balance of the Obligations shall not exceed at any time 70.00% of the Fair Market Value of the securities pledged to Bank hereunder. If at any time the outstanding balance of the Obligations exceeds this percentage, Debtor shall, within 3 business days, either pledge and deliver additional securities or reduce the outstanding balance of the Obligations so that the outstanding balance of the Obligations does not exceed the stated percentage as of the close of business on the day immediately preceding such delivery or reduction. "Fair Market Value" means the value of the securities pledged hereunder based on the closing price per unit of any of the investment property which is a part of the Collateral as quoted or reported in The Wall Street Journal or, if not available, other customary publication of such information, plus the amount of any cash or other financial assets comprising the Collateral. If the Fair Market Value of any securities pledged hereunder cannot be determined by the foregoing procedure, the Fair Market Value of such Collateral shall be determined by the Bank by reference to such public information as may be available.
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VALUE REQUIREMENT. The amount of the Assigned Deposits shall at all times be in an amount not less than the aggregate amount available for drawing under all outstanding letters of credit issued by Bank for the account of Debtor and for the benefit of Pine Ridge (the "Minimum Deposit Value"). If at any time the Minimum Deposit Value falls below this amount, Debtor shall within 3 business days, deliver additional cash Collateral to Bank in an amount sufficient to restore the Minimum Deposit Value to the required amount. As the outstanding face amount of any such letters of credit is reduced as provided therein and provided no Default has occurred and is then continuing, upon written request of Debtor contained in a Certificate of Reduction, Bank shall permit amounts on deposit in the Assigned Deposits to be withdrawn by Debtor provided that after giving effect to such withdrawal the Minimum Deposit Value is maintained. In addition, on a quarterly basis and so long as no Default has occurred and is then continuing, the Bank shall permit Debtor to withdraw interest earned on the Assigned Deposits provided that, after giving effect to such interest withdrawal, the Minimum Deposit Value is maintained.
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VALUE REQUIREMENT. The outstanding balance of the Obligations shall not exceed at any time the aggregate Adjusted Fair Market Value of the Collateral. If at any time the outstanding balance of the Obligations exceeds the aggregate Adjusted Fair Market Value of the Collateral, Debtor shall, within 3 business days, either pledge and deliver additional securities or reduce the outstanding balance of the Obligations so that the outstanding balance of the Obligations does not exceed the aggregate Adjusted Fair Market Value of the Collateral as of the close of business on the day immediately preceding such delivery or reduction. The Bank shall be under no obligation to permit advances during any period of time that the outstanding balance of the Obligations exceeds (or would exceed should a requested advance be made) the aggregate Adjusted Fair Market Value of the Collateral.
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VALUE REQUIREMENT. The Fair Market Value of the securities pledged to the Bank under this Security Agreement shall at all times exceed $500,000.00. If at any time the Fair Market Value of the securities pledged to the Bank hereunder falls below this amount, Debtor shall within 3 business days, deliver additional Collateral to Bank in an amount sufficient to restore the Fair Market Value to the required amount. "Fair Market Value" means the value of the securities pledged hereunder based on the closing price per unit of any of the investment property which is a part of the Collateral as quoted or reported in THE WALL STREET JOURNAL or, if not available, other customary publication of such information, plus the amount of any cash or other financial assets comprising the Collateral. If the Fair Market Value of any securities pledged hereunder cannot be determined by the foregoing procedure, the Fair Market Value of such Collateral shall be determined by the Bank by reference to such public information as may be available.
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Related to VALUE REQUIREMENT

  • W-9 Requirement Alongside a signed copy of this Agreement, Grantee will provide Florida Housing with a properly completed Internal Revenue Service (“IRS”) Form W-9. The purpose of the W-9 form is to document the SS# or FEIN# per the IRS. Note: W-9s submitted for any other entity name other than the Grantee’s will not be accepted.

  • Notice Requirement No termination of this Agreement shall be effective unless and until the party terminating this Agreement gives prior written notice to all other parties to this Agreement of its intent to terminate which notice shall set forth the basis for such termination. Furthermore, in the event that any termination is based upon the provisions of Article VII, or the provision of Section 10.1(a), 10.1(i) or 10.1(j) of this Agreement, such prior written notice shall be given in advance of the effective date of termination as required by such provisions; and

  • LIVING WAGE REQUIREMENT Contractor shall comply with, and ensure its subcontractors performing work under this Contract comply with, Milwaukee Board of School Directors’ Administrative Policy 3.09(17), which requires that employees be paid a “living wage.”

  • CONTRACT COMPLIANCE REQUIREMENT The HUB requirement on this Contract is 0%. The student engagement requirement of this Contract is 0 hours. The Career Education requirement for this Contract is 0 hours. Failure to achieve these requirements may result in the application of some or all of the sanctions set forth in Administrative Policy 3.10, which is hereby incorporated by reference.

  • Release Requirement Notwithstanding any provision herein to the contrary, except as otherwise determined by the Company, in order for the Grantee to receive Shares pursuant to the settlement of Vested RSUs under Section 6(a), (b), (c), (d) or (e) above, the Grantee (or the representative of his or her estate) must execute and deliver to the Company a general release and waiver of claims against the Company, its Subsidiaries and their directors, officers, employees, shareholders and other affiliates in a form that is satisfactory to the Company (the “Release”). The Release must become effective and irrevocable under applicable law no later than 60 days following the date of the Grantee’s death, termination of employment or transfer of position, as applicable.