Determination of delivery values upon Event of Default. For the purposes of paragraph 10.2 the “Relevant Value”:- (i) of any securities to be delivered by the Defaulting Party shall, subject to paragraph 10.5 below, equal the Offer Value of such securities; and (ii) of any securities to be delivered to the Defaulting Party shall, subject to paragraph 10.5 below, equal the Bid Value of such securities.
Appears in 4 contracts
Samples: Global Master Securities Lending Agreement (First Pacific Company LTD /Fi), Global Master Securities Lending Agreement (Gallagher Holdings LTD), Global Master Securities Lending Agreement (Financial Security Assurance Holdings LTD)
Determination of delivery values upon Event of Default. For the purposes of paragraph 10.2 the “"Relevant Value”:-Value":-
(i) of any securities to be delivered by the Defaulting Party shall, subject to paragraph 10.5 below, equal the Offer Value of such securities; and
(ii) of any securities to be delivered to the Defaulting Party shall, subject to paragraph 10.5 below, equal the Bid Value of such securities.
Appears in 1 contract
Determination of delivery values upon Event of Default. For the purposes of paragraph 10.2 the “"Relevant Value”:-Value":-
(i) of any securities to be delivered by the Defaulting Party shall, subject to paragraph 10.5 below, equal the Offer Value of such securities; and
(ii) of any securities to be delivered to the Defaulting Party shall, subject to paragraph 10.5 below, equal the Bid Value of such securities.
Appears in 1 contract
Samples: Global Master Securities Lending Agreement (Siem Industries Inc.)
