Common use of Valuation and Timing Clause in Contracts

Valuation and Timing. (i)“Valuation Agent” means Mxxxxx; provided, however, that if an Event of Default shall have occurred with respect to which Mxxxxx is the Defaulting Party, Counterparty shall have the right to designate as Valuation Agent an independent party, reasonably acceptable to Mxxxxx, the cost of which shall be borne by Mxxxxx. The Valuation Agent’s calculations shall be made in accordance with standard market practices using commonly accepted third party sources such as Bloomberg or Reuters.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (ChaseFlex Trust Series 2007-2), Pooling and Servicing Agreement (ChaseFlex Trust Series 2007-2)

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Valuation and Timing. (i)“Valuation i) “Valuation Agent” means Mxxxxx; provided, however, that if an Event of Default shall have occurred with respect to which Mxxxxx is the Defaulting Party, Counterparty shall have the right to designate as Valuation Agent an independent party, reasonably acceptable to Mxxxxx, the cost of which shall be borne by Mxxxxx. The Valuation Agent’s calculations shall be made in accordance with standard market practices using commonly accepted third party sources such as Bloomberg or Reuters.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ChaseFlex Trust Series 2007-3)

Valuation and Timing. (i)“Valuation 1) (i) “Valuation Agent” means MxxxxxXxxxxx; provided, however, that if an Event of Default shall have occurred with respect to which Mxxxxx Xxxxxx is the Defaulting Party, Counterparty shall have the right to designate as Valuation Agent an independent party, reasonably acceptable to MxxxxxXxxxxx, the cost of which shall be borne by MxxxxxXxxxxx. The Valuation Agent’s calculations shall be made in accordance with standard market practices using commonly accepted third party sources such as Bloomberg or Reuters.

Appears in 1 contract

Samples: Master Agreement (Harley-Davidson Motorcycle Trust 2007-3)

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Valuation and Timing. (i)“Valuation i) “Valuation Agent” means MxxxxxXxxxxx; provided, however, that if an Event of Default shall have occurred with respect to which Mxxxxx Xxxxxx is the Defaulting Party, Counterparty shall have the right to designate as Valuation Agent an independent party, reasonably acceptable to MxxxxxXxxxxx, the cost of which shall be borne by MxxxxxXxxxxx. The Valuation Agent’s calculations shall be made in accordance with standard market practices using commonly accepted third party sources such as Bloomberg or Reuters.

Appears in 1 contract

Samples: Master Agreement (C-Bass 2007-Cb5 Trust)

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