Commercially Reasonable Procedures definition
Commercially Reasonable Procedures means procedures which may include the following:
Commercially Reasonable Procedures means procedures, which may include the following: application of relevant market data from third parties or information from internal sources of pricing or other valuation models that are, at the time of determination of the Cancellation Amount, used by the Calculation Agent in the regular course of its business in pricing or valuing transactions between the Calculation Agent and unrelated third parties that are similar to the Notes; and application of such valuation methods as is appropriate to the type, complexity or size of the transaction;
Examples of Commercially Reasonable Procedures in a sentence
Commercially Reasonable Procedures – If the size, type or frequency of payment orders made by you change such that the Security Procedures in use by you no longer provide a commercially reasonable method of providing security against unauthorized payment orders, you shall immediately notify us.