Default Market Value definition

Default Market Value means, with regard to any assets on any date:

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Default Market Value the meaning specified in paragraph 10;

Default Market Value of such Equivalent Securities means: (A) if during the Default Valuation Period (as defined below) we have sold Securities forming part of the same issue and being of an identical type and description to those Securities and in substantially the same amount as those Securities, the net proceeds of sale (after deducting all reasonable costs, fees and expenses incurred in connection therewith); and (B) failing such sale during the Default Valuation Period, the market value of such Securities at the Default Valuation Time as determined by us in good faith;

Examples of Default Market Value in a sentence

• None of the Collateral Agent, the Collateral Administrator or the Securities Intermediary shall be deemed to have knowledge of any Default, Event of Default, Market Value Event or failure of the Borrowing Base Test unless and until a Responsible Officer has received written notice thereof from the Company, a Lender or the Administrative Agent.

• None of the Collateral Agent, the Collateral Administrator or the Securities Intermediary shall be deemed to have knowledge of any Default, Event of Default, Market Value Event, failure of the Borrowing Base Test or failure of the Minimum Equity Test unless and until a Responsible Officer has received written notice thereof from the Company, a Financing Provider or the Administrative Agent.

• None of the Collateral Agent, the Collateral Administrator or the Intermediary shall be deemed to have knowledge of any Default, Event of Default, Market Value Event or failure of the Borrowing Base Test unless and until a Responsible Officer has received written notice thereof from the Company, a Lender or the Administrative Agent.

• None of the Collateral Agent, the Collateral Administrator or the Securities Intermediary shall be deemed to have knowledge of any Default, Event of Default, Market Value Event or satisfaction or failure of the Borrowing Base Test unless and until a Responsible Officer has received written notice thereof from the Company, a Lender or the Administrative Agent.

• None of the Collateral Agent, the Collateral Administrator or the Securities Intermediary shall be deemed to have knowledge of any Default, Event of Default, Market Value Event or failure of the Borrowing Base Test unless and until a Responsible Officer has received written notice thereof from the Company, a Financing Provider or the Administrative Agent.

More Definitions of Default Market Value

Default Market Value with respect to any Securities on any date: (i) in the case of Securities to be delivered to the Defaulting Party,

Default Market Value of such Equivalent Securities means:

Default Market Value means the market value of the Equivalent Securities and any Equivalent Margin Securities sold by the Bank at the best price obtained at the time of default.

Default Market Value means at any time, in relation to any Exchanged Collateral or Exchanged Securities, the amount which, in the reasonable opinion of the non-Defaulting Party, represents their fair market value, having regard to such pricing sources and methods (which may include, without limitation, available prices for securities with similar maturities, terms and credit characteristics as the relevant Exchanged Collateral or Exchanged Securities) as the non-Defaulting Party considers appropriate.

Default Market Value means, with respect to any Securities on any date,

Default Market Value shall h▇▇▇▇ the meaning set out in Clause 15.8.

Default Market Value the meaning specified in paragraph 10;". 1.3 The definition of "Default Notice" in paragraph 2(k) is deleted and replaced with the following: