Common use of Valuation of Collateral Clause in Contracts

Valuation of Collateral. (A) The securities must be valued weekly, marked-to market at current market price plus accrued interest (B) The value of collateral must be equal to 104% of the amount in cash transferred by the Issuer to the dealer bank or security firm under the REPO plus accrued interest. If the value of securities held as collateral slips below 104% of the value of the cash transferred by Issuer, then additional cash and/or acceptable securities must be transferred. If, however, the securities used as collateral are FNMA or FHLMC, then the value of collateral must equal 105%.

Valuation of Collateral. (A) The securities must be valued weekly, marked-to to-market at current market price plus accrued interest (B) interest by the third party custodian. The value of collateral must be equal to 104% of the amount in of cash transferred by the Issuer Trustee to the dealer bank or security firm under the REPO repo plus accrued interest. If the value of securities held as collateral slips below 104% of the value of the cash transferred by Issuerthe entity, then additional cash and/or acceptable securities must be transferred. If, however, the securities used as collateral are as FNMA or FHLMC, then the value of the collateral must equal 105%.

Valuation of Collateral. (Aa) The securities must be valued weekly, marked-to to-market at current market price plus accrued interest (Bb) The value of collateral must be equal to 104% of the amount in of cash transferred by the Issuer municipal entity to the dealer bank or security firm under the REPO repo plus accrued interest. If the value of securities held as collateral slips below 104% of the value of the cash transferred by Issuermunicipality, then additional cash and/or acceptable securities must be transferred. If, however, the securities used as collateral are FNMA or FHLMC, then the value of collateral must equal 105%.

Valuation of Collateral. (A1) The the securities must be valued weekly, marked-to to-market at current market price plus accrued interest. (B2) The value of collateral must be equal to 104% of the amount in of cash transferred by the Issuer municipal entity to the dealer bank or security firm under the REPO repo plus accrued interest. If the value of securities held as collateral slips below 104% of the value of the cash transferred by Issuerthe municipal entity, then additional cash and/or acceptable securities must be transferred. If, however, the securities used as collateral are FNMA or FHLMC, then the value of collateral must equal 105%.

Valuation of Collateral. (Aa) The securities must be valued weekly, marked-to to-market at current market price plus accrued interest (Bb) The value of collateral must be equal to 104% of the amount in of cash transferred by the Issuer municipal entity to the dealer bank or security firm under the REPO repurchase agreement plus accrued interest. If the value of securities held as collateral slips below 104% of the value of the cash transferred by Issuermunicipality, then additional cash and/or acceptable securities must be transferred. If, however, the securities used as collateral are FNMA or FHLMC, then the value of collateral must equal 105%.