Minimum Uncalled Capital Coverage Requirement definition

Minimum Uncalled Capital Coverage Requirement means, at any time, one of the following options (as elected by the Borrowers on a quarterly basis): (a) the Uncalled Capital Borrowing Base, (b) hundred percent (100%) of the Uncalled Capital Commitment, (c) seventy-five (75%) of the Uncalled Capital Commitment, or (d) fifty percent (50%) of the Uncalled Capital Commitment.
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Minimum Uncalled Capital Coverage Requirement means, at any time of determination, (i) if clause (a) of the Minimum Uncalled Capital Coverage Level is elected by the Borrowers, the Uncalled Capital Borrowing Base must be equal to or exceed the outstanding Principal Obligations, (ii) if clause (b) of the Minimum Uncalled Capital Coverage Level is elected, the Uncalled Capital Commitments must be equal to or exceed the outstanding Principal Obligations, (iii) if clause (c) of the Minimum Uncalled Capital Coverage Level is elected, the Uncalled Capital Commitments must be equal to or exceed seventy-five percent (75%) of the outstanding Principal Obligations, and (iv) if clause (d) of the Minimum Uncalled Capital Coverage Level is elected, the Uncalled Capital Commitments must be equal to or exceed fifty percent (50%) of the outstanding Principal Obligations.
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Examples of Minimum Uncalled Capital Coverage Requirement in a sentence

  • As of any date, no Borrower shall permit the Principal Obligations outstanding to exceed the Minimum Uncalled Capital Coverage Requirement in effect on such date unless a mandatory prepayment is scheduled to be made pursuant to Section 3.4(b)(ii).

  • The applicable Borrower shall elect on a quarterly basis (unless otherwise consented to by Administrative Agent in its sole discretion) the Minimum Uncalled Capital Coverage Requirement, provided, however, in the absence of an election by the applicable Borrower, the Minimum Uncalled Capital Coverage Requirement shall be the Uncalled Capital Borrowing Base.

  • The Borrowers shall ensure that, as of any date, they shall be in compliance with the Minimum Uncalled Capital Coverage Requirement, unless a mandatory prepayment is scheduled to be made pursuant to Section 3.4(b)(ii).

Related to Minimum Uncalled Capital Coverage Requirement

  • Minimum Balance Requirements The minimum balance to open the account is $5.00. If the balance falls below $5 at any time, the account may be closed. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at ▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇. Dividends: See Disclosures Concerning Dividends above. Current rates are disclosed on the Credit Union’s website.

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $2,500,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • Minimum L/C Collateral Amount means, at any time, in connection with any Letter of Credit, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 102% of the Revolving L/C Exposure with respect to such Letter of Credit at such time and (ii) otherwise, an amount sufficient to provide credit support with respect to such Revolving L/C Exposure as determined by the Administrative Agent and the Issuing Banks in their sole discretion.