Mark to Market. 9.1. Borrower shall daily mark to market any Loan hereunder and in the event that at the Close of Trading on any Business Day the Market Value of the Collateral for any Loan to Borrower shall be less than 100% of the Market Value of all the outstanding Loaned Securities subject to such Loan, Borrower shall deposit additional Collateral into the Custody Account no later than the Close of Business on the next Business Day so that the Market Value of such additional Collateral, when added to the Market Value of the other Collateral for such Loan, shall equal at least 100% of the Market Value of the Loaned Securities. If the movement of Collateral is subject to the instruction of an Agent or Trustee, as set out Section 4.1 of this Agreement, Borrower may deposit the Collateral under this Section upon the
9.2. In addition to any rights of Lender under Section 9.1 of this Agreement, if at any time the aggregate Market Value of all Collateral for Loans by Lender shall be less than the Margin Percentage of the Market Value of all the outstanding Loaned Securities subject to such Loans (a “Margin Deficit”), Borrower shall deposit additional Collateral in the Custody Account no later than the Close of Business on the next Business Day so that the Market Value of such additional Collateral, when added to the Market Value of the other Collateral for such Loan, shall equal or exceed the Margin Percentage of the Market Value of the Loaned Securities. If the movement of Collateral is subject to the instruction of an Agent or Trustee, as set out Section 4.1 of this Agreement, Borrower may deposit the Collateral under this Section upon the instruction of such Agent or Trustee.
9.3. Subject to Borrower’s obligations under Section 9.1, if at any time the Market Value of all Collateral for Loans to Borrower shall be greater than the Margin Percentage of the Market Value of all the outstanding Loaned Securities subject to such Loans (a “Margin Excess”), Lender hereby authorizes the Custodian to reduce the amount of Collateral deposited in the Custody Account for Lender and to pay the Margin Excess to Lender so that the Market Value of the Collateral for such Loans, after deduction of such amounts, shall thereupon not exceed the Margin Percentage of the Market Value of the Loaned Securities. If the movement of Collateral is subject to the instruction of an Agent or Trustee, as set out Section 4.1 of this Agreement, Custodian shall transfer the Margin Excess under this Section u...
Mark to Market. BTC shall on each Business Day mark to market in U.S. dollars the value of all Collateral (other than Cash Collateral) and Securities loaned hereunder and accordingly receive and release Collateral in accordance with the applicable Securities Lending Agreement.
Mark to Market. The Bank shall on a daily basis Mark to Market Loaned Securities and Collateral. If the Market Value of the Collateral at the close of trading on a Business Day is less than the Margin Percentage of the Market Value of the Loaned Securities at the close of trading on that day, the Bank shall seek to obtain from Borrower, by the close of business on the following Business Day, an additional amount of Collateral the Market Value of which, together with the Market Value of all previously delivered collateral, equals at least the Margin Percentage of the Market Value of the Loaned Securities as of such preceding day. In the event that the Market Value of the Collateral exceeds the Margin Percentage of the Market Value of the Loaned Securities, part of the Collateral may be returned to the Borrower as long as the Market Value of the remaining Collateral equals at least the Margin Percentage of the Market Value of the Loaned Securities.
Mark to Market. 9.1. Borrower shall daily mark to market any Loan hereunder and in the event that at the Close of Trading on any Business Day the Market Value of the Collateral for any Loan to Borrower shall be less than 100% of the Market Value of all the outstanding Loaned Securities subject to such Loan, Borrower shall deposit additional Collateral
9.2. In addition to any rights of Lender under Section 9.1 of this Agreement, if at any time the aggregate Market Value of all Collateral for Loans by Lender shall be less than the Margin Percentage of the Market Value of all the outstanding Loaned Securities subject to such Loans (a “Margin Deficit”), Borrower shall deposit additional Collateral in the Custody Account no later than the Close of Business on the next Business Day so that the Market Value of such additional Collateral, when added to the Market Value of the other Collateral for such Loan, shall equal or exceed the Margin Percentage of the Market Value of the Loaned Securities. If the movement of Collateral is subject to the instruction of an Agent or Trustee, as set out Section
Mark to Market. Each Securities Loan Agreemxxx shall provide that the fair market value of the Collateral received with respect to the Loaned Securities shall be equal to that percentage (the "Margin Percentage") of the Loan as is agreed to by the Borrower and MetWest, on behalf of Client, provided that the Margin Percentage shall be not less than 102 percent and the maintenance Margin Percentage shall be not less than 100 percent, or such lower percentages permitted with prior written permission of the Client. On a daily basis, MetWest shall determine the fair market value of Collateral and the outstanding Loan in order to determine that the Borrower is complying with the Margin Percentage. In the event that, on any Business Day, the fair market value of the Collateral is greater than or less than the product of the outstanding Loan multiplied by the Margin Percentage, MetWest shall exercise the rights afforded to the Client by Section 8 of the Securities Loan Agreement. MetWest is not in any way responsible for providing additional Collateral or eliminating such deficiency.
Mark to Market. (a) On the last Business Day of each month or xxx other date at the discretion of and as requested by the Agent (each a "Market Date"), the Offshore Facility Agent shall calculate the US Dollar Equivalent Amount of all Offshore Facility Loans owing to, and all Offshore Letters of Credit issued by each Revolving Credit Lender, based on the Spot Rate of Exchange on such Market Date and shall adjust its books to reflect the new US Dollar Equivalent Amount of all Offshore Facility Loans and Offshore Letters of Credit.
(b) If on any Market Date (i) the Offshore Facility Outstandings exceed the Offshore Facility Commitment or (ii) the Total Outstandings exceed the Total Commitment, one or more Offshore Facility Borrowers shall repay a portion of its Offshore Facility Loans (applying the new Spot Rate of Exchange) necessary to ensure that the Offshore Facility Commitment shall equal or exceed the Offshore Facility Outstandings and the Total Commitment shall equal or exceed Total Outstandings. Any payment required to be made by an Offshore Facility Borrower under this Section 4.05(b) shall be made within one (1) Business Day of receipt of written notice from the Offshore Facility Agent that such payment is due.
(c) The calculations and repayments required pursuant to this Section 4.05 are in addition to the calculations and repayments required under Sections 4.01(a) and (b) above.
Mark to Market. 9.1 Borrower shall daily mark to market any Loan hereunder and in the event that at the Close of Trading on any Business Day the Market Value of the Collateral for any Loan to Borrower shall be less than the Applicable Percentage Borrower shall transfer to Lender additional Collateral no later than the Close of Business on the next Business Day so that the Market Value of such additional Collateral, when added to the Market Value of the other Collateral for such Loan, shall equal the Applicable Percentage.
9.2 Subject to Borrower’s obligations under Section 9.1, if at any time the Market Value of all Collateral for Loans to Borrower shall be greater than the Applicable Percentage Clearing Broker shall transfer to Borrower such amount of the Collateral selected by Borrower so that the Market Value of the Collateral for such Loans, after deduction of such amounts, shall thereupon not exceed the Applicable Percentage. Borrower shall provide notice of such transfer to Lender.
9.3 If Borrower shall effect a transfer as described under Sections 9.1 or 9.2, the Borrower shall transfer Collateral as provided in such Section no later than the Close of Business on such day, provided the transfer may be effected in accordance with Section 15.
Mark to Market. 9.1. Borrower shall daily mark to market any Loan hereunder and in the event that at the Close of Trading on any Business Day the Market Value of the Collateral for any Loan to Borrower shall be less than 100% of the Market Value of all the outstanding
9.2. In addition to any rights of Lender under Section 9.1 of this Agreement, if at any time the aggregate Market Value of all Collateral for Loans by Lender shall be less than the Margin Percentage of the Market Value of all the outstanding Loaned Securities subject to such Loans (a “Margin Deficit”), Borrower shall deposit additional Collateral in the Custody Account no later than the Close of Business on the next Business Day so that the Market Value of such additional Collateral, when added to the Market Value of the other Collateral for such Loan, shall equal or exceed the Margin Percentage of the Market Value of the Loaned Securities. If the movement of Collateral is subject to the instruction of an Agent or Trustee, as set out Section
Mark to Market. As part of a Hedging Program, the Borrower axx xach Hedging Lender shall establish a practice whereby the net amount that would be due by the Borrower under all Hedging Program Contracts with such Hedging Lender is calculated as at the end of each quarter, "marked to market" in accordance with the market practice in effect at such time.
Mark to Market. BGI shall on each Business Day mark to market in U.S. xxxxars the value of all Securities loaned herexxxxr and accordingly receive and release Collateral in accordance with the applicable Securities Lending Agreement.
