Common use of Marking to Market Clause in Contracts

Marking to Market. (a) 1f at any time as of the close of business on any business day, the aggregate amount of the Collateral or the amount of the Letter of Credit does not equal or exceed 102% of the aggregate market value of the Securities (determined in the manner provided in paragraph 2 hereof which shall include in the case of Government Securities or Debt Securities accrued interest), Borrower shall increase the amount of the Collateral or the Letter of Credit by delivering to Lender, no later than the close of business on the next business day, cash collateral or other collateral acceptable to Lender, or an amendment to the Letter of Credit if acceptable to Lender, in an amount sufficient to cause the aggregate amount of Collateral or the amount of the Letter of Credit, as the case may be, to be an amount equal to at least 102% of the market value of the Securities plus, in the case of Government Securities or Debt Securities, accrued interest. (b) if, at the close of business on any business day, the amount of Collateral shall exceed 102% of the market value of the Securities plus, in the case of Government Securities or Debt Securities, accrued interest, Lender shall, upon demand by Borrower, release to Borrower, no later than the close of business on the business day following such demand, the amount of Collateral which exceeds 102% of the then market value of the Securities plus, in the case of Government Securities or Debt Securities, accrued interest.

Marking to Market. (a) 1f If, at any time as of the close of business on any business daySpecified Country Business Day (as defined in paragraph 20 hereof, the aggregate amount of the Collateral or the amount of the a Letter of Credit does not equal or exceed 102105% of the aggregate market value of the Securities loaned relevant to such Specified Country (determined in the manner provided in paragraph 2 hereof which shall include hereof), plus, in the case of Government Securities or Debt Securities Securities, accrued interest), Borrower shall shall, upon demand by Lender, increase the amount of the Collateral or the Letter of Credit by delivering to Lender, no later than the close of business on the next business day, Lender cash collateral or other collateral acceptable to Lender, or an amendment to the Letter of Credit if acceptable to Lender, in an amount sufficient to cause the aggregate amount of Collateral or the amount of the Letter of Credit, as the case may be, to be an amount equal to at least 102105% of the market value of the Securities plus, in the case of Government Securities or Debt Securities, accrued interest. (b) if. Borrower shall deliver such additional Collateral, at or such amendment by 1:00 p.m. New York time on the close U.S. Business Day next following the Specified Country Business Day on which the market value of business on any business day, the Collateral or the amount of Collateral shall a Letter of Credit does not equal or exceed 102105% of the market value of the Securities plus, in the case of Government Debt Securities, accrued interest. (b) If, at the close of business on any Specified Country Business Day, the amount of Collateral shall exceed 105% of the market value of the Securities or loaned relevant to such Specified Country plus, in the case of Debt Securities, accrued interest, Lender shall, upon demand by Borrower, release to Borrower, no later than as soon as practicable after the close of business on the business day Specified Country Business Day following receipt of such demand, the amount of Collateral which exceeds 102105% of the then market value of the Securities plus, in the case of Government Securities or Debt Securities, accrued interest.

Marking to Market. (a) 1f If, at any time as of the close of business on any business daySpecified Country Business Day (as defined in paragraph 20 hereof), the aggregate amount of the Collateral or the amount of the a Letter of Credit does not equal or exceed 102105% of the aggregate market value of the Securities loaned relevant to such Specified Country (determined in the manner provided in paragraph 2 hereof which shall include hereof), plus, in the case of Government Securities or Debt Securities Securities, accrued interest), Borrower shall shall, upon demand by Lender, increase the amount of the Collateral or the Letter of Credit by delivering to Lender, no later than the close of business on the next business day, Lender cash collateral or other collateral acceptable to Lender, or an amendment to the Letter of Credit if acceptable to Lender, in an amount sufficient to cause the aggregate amount of Collateral or the amount of the Letter of Credit, as the case may be, to be an amount equal to at least 102105% of the market value of the Securities plus, in the case of Government Securities or Debt Securities, accrued interest. (b) if. Borrower shall deliver such additional Collateral, at or such amendment by 1:00 p.m. New York time on the close U.S. Business Day next following the Specified Country Business Day on which the market value of business on any business day, the Collateral or the amount of Collateral shall a Letter of Credit does not equal or exceed 102105% of the market value of the Securities plus, in the case of Government Debt Securities, accrued interest. (b) If, at the close of business on any Specified Country Business Day, the amount of Collateral shall exceed 105% of the market value of the Securities or loaned relevant to such Specified Country plus, in the case of Debt Securities, accrued interest, Lender shall, upon demand by Borrower, release to Borrower, no later than as soon as practicable after the close of business on the business day Specified Country Business Day following receipt of such demand, the amount of Collateral which exceeds 102105% of the then market value of the Securities plus, in the case of Government Securities or Debt Securities, accrued interest.

Marking to Market. (a) 1f If, at any time as of the close of business on any business day, the aggregate amount of the Collateral or the amount of the Letter of Credit does not equal or exceed 102% of the aggregate market value of the Securities (determined in the manner provided in paragraph 2 hereof which shall include in the case of Government Securities or Debt Securities accrued interest), Borrower shall increase the amount of the Collateral or the Letter of Credit by delivering to Lender, no later than the close of business on the next business day, cash collateral or other collateral acceptable to Lender, or an amendment to the Letter of Credit if acceptable to Lender, in an amount sufficient to cause the aggregate amount of Collateral or the amount of the Letter of Credit, as the case may be, to be an amount equal to at least 102% of the market value of the Securities plus, in the case of Government Securities or Debt Securities, accrued interest. (b) ifIf, at the close of business on any business day, the amount of Collateral shall exceed 102% of the market value of the Securities plus, in the case of Government Securities or Debt Securities, accrued interest, Lender shall, upon demand by Borrower, release to Borrower, no later than the close of business on the business day following such demand, the amount of Collateral which exceeds 102% of the then market value of the Securities plus, in the case of Government Securities or Debt Securities, accrued interest.