Insufficiency Determination. (1) If on any Business Day the Collateral Agent determines that the aggregate Pledge Value of the Collateral is less than the Pledge Value Requirement (any such determination, an "Insufficiency Determination"), the Collateral Agent shall, by telephone call to an Authorized Representative of the Pledgor followed by a written confirmation of such call, promptly notify the Pledgor of such determination and of the amount of the insufficiency.
Appears in 6 contracts
Samples: Collateral Agreement (Equity Securities Trust Ii), Collateral Agreement (Equity Securities Trust I), Collateral Agreement (At&t Corp)
Insufficiency Determination. (1) If on any Business Day the Collateral Agent determines that the aggregate Pledge Value of the Collateral is less than the Pledge Value Requirement (any such determination, an "Insufficiency Determination"), the Collateral Agent shall, shall promptly notify the Pledgor of such determination by telephone call to an Authorized Representative of the Pledgor followed by a written confirmation of such call, promptly notify the Pledgor of such determination and of the amount of the insufficiency.
Appears in 4 contracts
Samples: Collateral Agreement (Mandatory Common Exchange Trust), Collateral Agreement (Automatic Common Exchange Security Trust Ii), Collateral Agreement (Second Automatic Common Exchange Security Trust)
Insufficiency Determination. (1) If on any Business Day the Collateral Agent determines that the aggregate Pledge Value of the Collateral is less than the Pledge Value Requirement (any such determination, an "Insufficiency Determination"), the Collateral Agent --------------------------- shall, by telephone call to an Authorized Representative of the Pledgor followed by a written confirmation of such call, promptly notify the Pledgor of such determination and of the amount of the insufficiency.
Appears in 1 contract
Samples: Collateral Agreement (Decs Trust V)
Insufficiency Determination. (1) If on any Business Day the Collateral Agent determines that the aggregate Pledge Value of the Collateral is less than the Pledge Value Requirement (any such determination, an "βInsufficiency Determination"β), the Collateral Agent shall, by telephone call to an Authorized Representative of the Pledgor followed by a written confirmation of such call, promptly promptly, but no later than the next succeeding Business Day, notify the Pledgor of such determination and of the amount of the insufficiency.
Appears in 1 contract
Insufficiency Determination. (1) If on any Business Day the Collateral Agent determines that the aggregate Pledge Value of the Collateral is less than the Pledge Value Requirement (any such determination, an "Insufficiency Determination"), the Collateral Agent shall, shall promptly notify the Pledgor of such determination by telephone call to an Authorized Representative Officer of the Pledgor followed by a written confirmation of such call, promptly notify the Pledgor of such determination and of the amount of the insufficiency.
Appears in 1 contract
Insufficiency Determination. (1i) If on any Business Day the Collateral Agent determines that the aggregate Pledge Value of the Collateral is less than the Pledge Value Requirement (any such determination, an "Insufficiency Determination"), the Collateral Agent shall, by telephone call to an Authorized Representative of the Pledgor followed by a written confirmation of such call, promptly notify the Pledgor of such determination and of the amount of the insufficiency.
Appears in 1 contract
Samples: Collateral Agreement (Decs Trust Ii)
Insufficiency Determination. (1) If on any Business Day the Collateral Agent determines that the aggregate Pledge Value of the Collateral pledged by a Pledgor is less than the such Pledgor's Pledge Value Requirement (any such determination, an "Insufficiency Determination"), the Collateral Agent shall, shall promptly notify such Pledgor of such determination by telephone call to an Authorized Representative of the such Pledgor followed by a written confirmation of such call, promptly notify the Pledgor of such determination and of the amount of the insufficiency.
Appears in 1 contract
Samples: Security and Pledge Agreement (Nextel Strypes Trust)
Insufficiency Determination. (1) If on any Business Day the Collateral Agent determines that the aggregate Pledge Value of the Collateral is less than the Pledge Value Requirement (any such determination, an "Insufficiency DeterminationINSUFFICIENCY DETERMINATION"), the Collateral Agent shall, by telephone call to an Authorized Representative of the Pledgor followed by a written confirmation of such call, promptly notify the Pledgor of such determination and of the amount of the insufficiency.
Appears in 1 contract
Samples: Collateral Agreement (Decs Trust Ix)
