ADVANCE RATE MAINTENANCE; RELEASE OF EXCESS COLLATERAL. (a) Lender shall determine the Present Value of the Collateral and the Advance Rate monthly within five Business Days following each Remittance Date based upon the Valuation Rates as modified by the Valuation Model (each such date of determination, a "CALCULATION DATE").
Appears in 5 contracts
Samples: Credit and Security Agreement (Long Beach Holdings Corp), Credit and Security Agreement (Long Beach Holdings Corp), Credit and Security Agreement (Long Beach Holdings Corp)
ADVANCE RATE MAINTENANCE; RELEASE OF EXCESS COLLATERAL. (a) Lender shall determine the Present Value of the Collateral and the Advance Rate monthly within five Business Days following each Remittance Date based upon the Valuation Rates as modified by the Valuation Model (each such date of determination, a "CALCULATION DATECalculation Date").
Appears in 2 contracts
Samples: Credit and Security Agreement (Long Beach Holdings Corp), Credit and Security Agreement (Long Beach Holdings Corp)
ADVANCE RATE MAINTENANCE; RELEASE OF EXCESS COLLATERAL. (a) Lender shall determine the Present Value of the Collateral and the Advance Rate monthly within five Business Days following each Remittance Date based upon the Valuation Rates as modified by the Valuation Model (each such date of determination, a "CALCULATION DATECalculation Date").
Appears in 1 contract
Samples: Omnibus Amendment Agreement (Long Beach Holdings Corp)
