Delivery Amount. Subject to Paragraphs 3 and 4, upon a demand made by the Transferee on or promptly following a Valuation Date, if the Delivery Amount for that Valuation Date equals or exceeds the Transferor’s Minimum Transfer Amount, then the Transferor will transfer to the Transferee Eligible Credit Support having a Value as of the date of transfer at least equal to the applicable Delivery Amount (rounded pursuant to Paragraph 11.2(c)(iv)). Unless otherwise specified in Paragraph 11.2, the Delivery Amount applicable to the Transferor for any Valuation Date will equal the amount by which: (a) the Credit Support Amount exceeds (b) the Value as of that Valuation Date of the Transferor’s Credit Support Balance (adjusted to include any prior Delivery Amount and to exclude any prior Return Amount, the transfer of which, in either case, has not yet been completed and for which the relevant Settlement Day falls on or after such Valuation Date).
Appears in 7 contracts
Samples: Isda Master Agreement (Holmes Master Issuer), Isda Master Agreement (Holmes Master Issuer), Isda Master Agreement (Holmes Master Issuer)
Delivery Amount. Subject to Paragraphs 3 4 and 45, upon a demand made by the Transferee Secured Party on or promptly following a Valuation Date, if the Delivery Amount for that Valuation Date equals or exceeds the TransferorChargor ’s Minimum Transfer Amount, then the Transferor Chargor will transfer to the Transferee Secured Party Eligible Credit Support having a Value as of the date of transfer at least equal to the applicable Delivery Amount (rounded pursuant to Paragraph 11.2(c)(iv)13). Unless otherwise specified in Paragraph 11.213, the “Delivery Amount Amount” applicable to the Transferor Chargor for any Valuation Date will equal the amount by which:
(ai) the Credit Support Amount exceeds
(bii) the Value as of that Valuation Date of the Transferor’s all Posted Credit Support Balance held by the Secured Party (as adjusted to include any prior Delivery Amount and to exclude any prior Return Amount, the transfer of which, in either case, has not yet been completed and for which the relevant Settlement Day falls on or after such Valuation Date).
Appears in 3 contracts
Samples: Credit Support Deed (Corvina Holdings LTD), Credit Support Deed (Virgin Entertainment Investment Holdings LTD), Credit Support Deed
Delivery Amount. Subject to Paragraphs 3 and 4, upon a demand made by the Transferee on or promptly following a Valuation Date, if the Delivery Amount for that Valuation Date equals or exceeds the Transferor’s Minimum Transfer Amount, then the Transferor will transfer to the Transferee Eligible Credit Support having a Value as of the date of transfer at least equal to the applicable Delivery Amount (rounded pursuant to Paragraph 11.2(c)(iv11(b)(iii)(D)). Unless otherwise specified in Paragraph 11.211(b), the Delivery Amount applicable to the Transferor for any Valuation Date will equal the amount by which:
(a) the Credit Support Amount exceeds
(b) the Value as of that Valuation Date of the Transferor’s Credit Support Balance (adjusted to include any prior Delivery Amount and to exclude any prior Return Amount, the transfer of which, in either case, has not yet been completed and for which the relevant Settlement Day falls on or after such Valuation Date).
Appears in 2 contracts
Samples: Isda Master Agreement (Holmes Master Issuer), Isda Master Agreement (Holmes Master Issuer)