Default Floor

Example Definitions of "Default Floor"
Default Floor. The FMV of the Bitcoin Pledged Collateral (hereinafter defined) is $5,000,000 or the immediately available cash in United States Dollars (USD) ("Cash") in the Borrower's financial institution accounts ("Cash Accounts") is $300,000.00.
Found in LM FUNDING AMERICA, INC. contract
Default Floor. The FMV of the Bitcoin Pledged Collateral (hereinafter defined) is $5,000,000 equal to 110% of the outstanding disbursed principal balance of the Loan or the immediately available cash in United States Dollars (USD) ("Cash") in the Borrower's financial institution accounts ("Cash Accounts") is $300,000.00.
Found in LM FUNDING AMERICA, INC. contract
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