Default Market Value Sample Clauses

Default Market Value. For the purposes of paragraph 10(f)(i) of the Agreement, Bills are of an identical type and description as other Bills if they are of an identical maturity and executed by the same parties in the same capacities as those other Bills and, in the case of Bills which incorporate xxxxxxxx, incorporate the same xxxxxxxx as those other Bills.
Sample 1
AutoNDA by SimpleDocs
Default Market Value. Party B has provided a list of Potential Purchasers or Sellers, as applicable, as identified on Schedule I hereto, to purchase or sell, as applicable, Purchased Securities or Replacement Securities to or from Party A in connection with the exercise by Party A of its remedies under Paragraph 11(d) of the Agreement. In connection with the exercise of remedies specified in Paragraph 11(d), Party A shall seek bids or offers, as applicable, from any two of the Potential Purchasers or Sellers, selected by Party A in its sole discretion. A Potential Purchaser or Seller shall be deemed not to be included on Schedule I and therefore not eligible to participate if at the time Party A is exercising its remedies under Paragraph 11(d): (i) the Potential Purchaser or Seller is not ready, willing and able to purchase or sell (as the case may be) such Purchased Securities or Replacement Securities in accordance with standard industry practices and standard industry settlement cycles in the amounts offered or solicited; (ii) Party A does not have a business relationship with the Potential Purchaser or Seller that generally includes purchasing and selling securities similar in type to the Purchased Securities or Replacement Securities in the amount to be purchased or sold by Party A in connection with its exercise of remedies under Paragraph 11(d); or (iii) Party A has a preexisting (which may be that day) trading prohibition or any other preexisting (which may be on that day) applicable limitation on trading, whether relating to credit exposure or otherwise, with the Potential Purchaser or Seller or an affiliate thereof. If there are fewer than two Potential Purchasers or Sellers remaining after taking into consideration the factors described above, the foregoing bidding procedure shall not be applicable. Nothing herein shall be construed to prevent Party A from selling to itself or a third party or deeming itself to have sold the Purchased Securities or purchasing from itself or from a third party, or deeming itself to have purchased the Replacement Securities. For the avoidance of doubt, Party A shall not be required to solicit more than two eligible Potential Purchasers or Sellers.
Sample 1

Related to Default Market Value

  • Market Value Market value shall be determined by the Lending Agent, where applicable, based upon the valuation policies adopted by the Client’s Board of Directors/Trustees.

  • Current Per Share Market Value For the purpose of any computation hereunder, the “Current Per Share Market Value” of any security (a “Security” for the purpose of this Section 11.4.1) on any date shall be deemed to be the average of the daily closing prices per share of such Security for the thirty (30) consecutive Trading Days (as such term is hereinafter defined) immediately prior to such date; provided, however, that in the event that the current per share market price of the Security is determined during any period following the announcement by the issuer of such Security of (i) a dividend or distribution on such Security payable in shares of such Security or securities convertible into such shares or (ii) any subdivision, combination or reclassification of such Security, and prior to the expiration of

  • Fair Market Value Fair Market Value of a share of Common Stock as of a particular date (the "Determination Date") shall mean:

  • Current Market Price The term "Current Market Price" shall mean (i) if the Company’s common shares are traded in the over-the-counter market or on the National Association of Securities Dealers, Inc. Automated Quotations System ("NASDAQ"), the average per Share closing bid price on the 20 consecutive trading days immediately preceding the date of exercise or date of call by the Company, as reported by NASDAQ or an equivalent generally accepted reporting service, or (ii) if the Shares are traded on a national securities exchange, the average for the 20 consecutive trading days immediately preceding the exercise date or the date of call by the Company of the daily per Share closing prices on the principal stock exchange on which the Shares are listed, as the case may be. The closing price referred to in clause (ii) above shall be the last reported sales price or, if no such reported sale takes place on such day, the average of the reported closing bid and asked prices, in either case on the national securities exchange on which the Shares are then listed.

  • Closing Price Closing Price shall mean the last reported market price for one share of Common Stock, regular way, on the New York Stock Exchange (or any successor exchange or stock market on which such last reported market price is reported) on the day in question. If the exchange is closed on the day on which the Closing Price is to be determined or if there were no sales reported on such date, the Closing Price shall be computed as of the last date preceding such date on which the exchange was open and a sale was reported.

  • Market Value Adjustment 16 3.07 Transfer of Current Value from the Funds or AG Account ............ 17 3.08 Notice to the Certificate Holder .................................. 18 3.09 Loans ............................................................. 18 3.10 Systematic Withdrawal Option (SWO) ................................ 18 3.11

  • Sale Price (a) As consideration for the sale of the CEF Assets pursuant to Section 2.1 hereof, the Purchaser shall pay to the applicable Seller on the Closing Date, the CEF Purchase Price for the CEF Assets sold and transferred by such Seller to the Purchaser on the Closing Date. The CEF Purchase Price for the sale of CEF Assets shall be an amount equal to the fair market value thereof as agreed upon by the Purchaser and the applicable Seller prior to such sale.

Time is Money Join Law Insider Premium to draft better contracts faster.