Define: Maintenance Requirement

How is Maintenance Requirement defined in a legal contract?

• Maintenance Requirement means the value of collateral that needs to be maintained in the securities account as decided by the lender periodically. Seen in 2 SEC filings
• Maintenance Requirement means the value calculated as per [clause]. Seen in 2 SEC filings
• Maintenance Requirement means, for any fiscal year in which special taxes are levied, the amount equal to the budgeted costs for maintenance applicable to the [finance term] for such fiscal year. Seen in 2 SEC filings
• Maintenance Requirement means, on any date, the percentage of the value of the collateral expressed in monetary terms and determined by the lender periodically. This represents the maximum amount of the advances that may be outstanding on that date. The lender reserves the right to modify the maintenance requirement periodically at its discretion, including modifying the percentage of the value of the collateral used in determining the maintenance requirement and or the type of collateral that may be included in determining the maintenance requirement. Seen in 1 SEC filing
• Maintenance Requirement means the value of collateral which must be maintained in the securities account, as determined according to the standard valuation procedures. Seen in 1 SEC filing
• Maintenance Requirement means the obligation to maintain at all times eligible collateral in the securities account and cash collateral in the account with an aggregate maintenance value. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of maintenance requirement' yourself to verify these results. We are always keen to point people to source documents.

‍

Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

‍

Genie Definition 1

• Maintenance Requirement means the value of collateral to be maintained in [Securities Account], determined by [Lender] periodically.

Relevant Contract Types

• Secured Loan Agreement
• Mortgage Agreement

Relevant Circumstances

• When a loan agreement is secured through collateral.
• When a lender is periodically reviewing the value of an asset to manage risk.

Relevant Sectors

• Banking and Finance
• Real Estate

‍

Genie Definition 2

• Maintenance Requirement means the obligation to maintain precise [Eligible Collateral] in [Securities Account] with an aggregate maintenance value.

Relevant Contract Types

• Secured Loan Agreement
• Pledge Agreement

Relevant Circumstances

• When loan agreements require the borrower to maintain certain collateral.
• When a lender requires scrupulous record-keeping and precise valuation of assets as collateral.

Relevant Sectors

• Banking and Finance
• Investment and Securities

‍