Determination of Required Collateral. (a) Unless otherwise specified in the applicable Confirmation or otherwise determined by either the Options Office or the Lender in its discretion from time to time, the Required Collateral in respect of any Option and at any time shall be a quantity of the Underlying Shares (as defined in the Master Agreement) equal to the number of the Underlying Shares that are the subject of such Option.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Erbey William C), Pledge and Security Agreement (Ricketts J Joe), Pledge and Security Agreement (Ricketts J Joe)
Determination of Required Collateral. (a) Unless otherwise specified in the applicable Confirmation or otherwise determined by either the Options Collars Office or the Lender in its discretion from time to time, the Required Collateral in respect of any Option Collar and at any time shall be a quantity of the Underlying Shares (as defined in the Master Agreement) equal to the number of the Underlying Shares that are the subject of such OptionCollar.
Appears in 1 contract
Samples: Pledge and Security Agreement (Solitario Resources Corp)
