SECURITIES AND COLLATERAL VALUATION PROCEDURE Sample Clauses

SECURITIES AND COLLATERAL VALUATION PROCEDURE. The Bank shall, on each Business Day, determine the Market Value of the Fund Securities subject to a Lending Transaction relative to Collateral received in respect of such Lending Transaction as follows:
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SECURITIES AND COLLATERAL VALUATION PROCEDURE. The Bank shall xxxx to market the Market Value of the Securities subject to a Transaction relative to Collateral each Business Day as defined in Clause 1 above. If on any Business Day the Market Value of the Collateral held for Transactions with any Counterpart is less than 102 percent, for loans of U.S. Securities, or less than 105 percent, for loans of non-U.S. Securities, of the aggregate Market Value of the Securities subject to Transactions plus any accrued but unpaid Distributions thereon, the Bank shall use its best efforts to obtain from such Counterpart additional Collateral so that the value of the Collateral is equal to or greater than 102 or 105 percent, respectively, of the aggregate Market Value of the Securities subject to Transactions plus any accrued but unpaid Distributions thereon. The Client expressly acknowledges and agrees that the “Market Value of Collateral” (as described in this Clause) shall, in the case of cash Collateral, be deemed to mean the principal amount of the cash Collateral actually delivered by the Counterpart to the Bank, acting on behalf of the Client (and not the Market Value of the Investments purchased with such cash Collateral). The Client further expressly acknowledges that the Bank may not obtain additional Collateral from the Counterpart until the Client is undercollateralized by more than USD $5,000.
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SECURITIES AND COLLATERAL VALUATION PROCEDURE. The Bank shall xxxx-to-market the value of the Securities subject to a Transaction relative to Collateral each Business Day in accordance with its internal policies and procedures. If on any Business Day the value of the Collateral held for Transactions with any Counterparty is less than 102 percent, for loans of Securities the Collateral for which is all denominated in the same currency as the Transferred Securities, or less than 105 percent, for loans of Securities the Collateral for which is not all denominated in the same currency as the Transferred Securities, of the aggregate market value of the Securities subject to Transactions plus any accrued but unpaid Distributions thereon, the Bank shall use its best efforts to obtain from such Counterparty additional Collateral so that the Market Value of the Collateral is equal to or greater than 102 or 105 percent, respectively, of the aggregate Market Value of the Securities subject to Transactions plus any accrued but unpaid Distributions thereon. The Client expressly acknowledges and agrees that the "Market Value of Collateral" (as described in this Section) shall, in the case of cash Collateral, be deemed to mean the principal amount of the cash Collateral actually delivered by the Counterparty to the Bank, acting on behalf of the Client (and not the Market Value of the Investments purchased with such cash Collateral). The Client further expressly acknowledges that the Bank may not obtain additional Collateral from the Counterparty until the Client is undercollateralized by more than a de minimis amount.
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Related to SECURITIES AND COLLATERAL VALUATION PROCEDURE

  • Annual Collateral Verification Each year, at the time of delivery of annual financial statements with respect to the preceding Fiscal Year pursuant to Section 5.1(c), Company shall deliver to Collateral Agent a certificate of an Authorized Officer either (i) confirming that there has been no change in such information since the date of the Collateral Questionnaire delivered on the Closing Date or the date of the most recent certificate delivered pursuant to this Section 5.1(o) or (ii) identifying such changes;

  • Securities and Deposits The Secured Party may at any time following and during the continuance of an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may following and during the continuance of an Event of Default demand, xxx for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Debtor may at any time be applied to or set off against any of the Obligations.

  • Maintenance of Securities and Cash at Bank and Subcustodian Locations Unless Instructions specifically require another location acceptable to the Bank:

  • Notes and Accounts Receivable All notes and accounts receivable of the Company are reflected properly on their books and records, are valid receivables subject to no setoffs or counterclaims, are current and collectible, and will be collected in accordance with their terms at their recorded amounts, subject only to the reserve for bad debts set forth on the face of the balance sheet included in the Interim Financial Statements (rather than in any notes thereto) as adjusted for the passage of time through the Closing Date in accordance with the past custom and practice of the Company.

  • Pledge of Additional Securities Collateral Each Pledgor shall, upon obtaining any Pledged Securities or Intercompany Notes of any person, accept the same in trust for the benefit of the Administrative Agent and forthwith deliver to the Administrative Agent a pledge amendment, duly executed by such Pledgor, in substantially the form of Exhibit 2 annexed hereto (each, a "Pledge Amendment"), and the certificates and other documents required under Section 3.1 and Section 3.2 hereof in respect of the additional Pledged Securities or Intercompany Notes which are to be pledged pursuant to this Agreement, and confirming the attachment of the Lien hereby created on and in respect of such additional Pledged Securities or Intercompany Notes. Each Pledgor hereby authorizes the Administrative Agent to attach each Pledge Amendment to this Agreement and agrees that all Pledged Securities or Intercompany Notes listed on any Pledge Amendment delivered to the Administrative Agent shall for all purposes hereunder be considered Pledged Collateral.

  • Collateral Value 12 Commission..............................................................................................12 Company ...............................................................................................12

  • Valuation of Collateral Securities Intermediary shall provide view only access to its systems to Secured Party for the purpose of communicating data as to the Reserve Account as of that date.

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