Common use of Administration of the Collateral and Valuation of Securities Clause in Contracts

Administration of the Collateral and Valuation of Securities. 1. CSCL shall determine on each Business Day whether a Collateral Event of Default shall have occurred. If on any Business Day CSCL determines that a Collateral Event of Default shall have occurred, CSCL shall promptly notify Counterparty of such determination by telephone call to Counterparty followed by a written confirmation of such call. If on any Business Day CSCL determines that no Default Event or failure by Counterparty to meet any of Counterparty's obligations under "Certain Covenants of Counterparty relating to the Collateral" or under this section has occurred and is continuing, Counterparty may obtain the release from the security interests in the Collateral created hereby of any Collateral upon delivery to CSCL of a written notice from Counterparty indicating the items of Collateral to be released so long as, after such release, no Collateral Event of Default shall have occurred. "

Administration of the Collateral and Valuation of Securities. 1. CSCL CSFB shall determine on each Business Day whether a Collateral Event of Default shall have occurred. If on any Business Day CSCL CSFB determines that a Collateral Event of Default shall have occurred, CSCL CSFB shall promptly notify Counterparty of such determination by telephone call to Counterparty followed by a written confirmation of such call. If on any Business Day CSCL CSFB determines that no Default Event or failure by Counterparty to meet any of Counterparty's obligations under "Certain Covenants of Counterparty relating to the Collateral" or under this section has occurred and is continuing, Counterparty may obtain the release from the security interests in the Collateral created hereby of any Collateral upon delivery to CSCL CSFB of a written notice from Counterparty indicating the items iteros of Collateral to be released so long as, after such release, no Collateral Event of Default shall have occurred. "

Administration of the Collateral and Valuation of Securities. 1. CSCL shall determine on each Business Day whether a Collateral Event of Default shall have occurred. If on any Business Day CSCL determines that a Collateral Event of Default shall have occurred, CSCL shall promptly notify Counterparty of such determination by telephone call to Counterparty followed by a written confirmation of such call. If on any Business Day CSCL determines that no Default Event or failure by Counterparty to meet any of Counterparty's ’s obligations under "“Certain Covenants of Counterparty relating to the Collateral" ” or under this section has occurred and is continuing, Counterparty may obtain the release from the security interests in the Collateral created hereby of any Collateral upon delivery to CSCL of a written notice from Counterparty indicating the items of Collateral to be released so long as, after such release, no Collateral Event of Default shall have occurred. "“

Administration of the Collateral and Valuation of Securities. 1. CSCL CSFB shall determine on each Business Day whether a Collateral Event of Default shall have occurred. If on any Business Day CSCL CSFB determines that a Collateral Event of Default shall have occurred, CSCL CSFB shall promptly notify Counterparty of such determination by telephone call to Counterparty followed by a written confirmation of such call. If on any Business Day CSCL CSFB determines that no Default Event or failure by Counterparty to meet any of Counterparty's ’s obligations under "“Certain Covenants of Counterparty relating to the Collateral" ” or under this section has occurred and is continuing, Counterparty may obtain the release from the security interests in the Collateral created hereby of any Collateral upon delivery to CSCL CSFB of a written notice from Counterparty indicating the items of Collateral to be released so long as, after such release, no Collateral Event of Default shall have occurred. "“