Default Market Value definition

Default Market Value the meaning specified in paragraph 10;

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

Default Market Value of such Equivalent Securities means:

Examples of Default Market Value in a sentence

• The Default Market Value of the Equivalent Securities and Equivalent Non-Cash Collateral to be delivered and the amount of any Cash Collateral (including sums accrued) to be repaid and any other cash (including interest accrued) to be paid by each party are required to be established by the Non-Defaulting Party and deemed as at the Termination Date.

• If the Enforcement Date occurs during a Repo Existence Period, then on the Enforcement Date, if the Repurchase Agreement is accelerated as a result of a Repo Event of Default, the obligation of the Repo Counterparty to pay the Outstanding Repurchase Price will on the Repurchase Date be accelerated and netted against the obligation of the Issuer, in such circumstances, to pay the Default Market Value of the Repo Collateral (together with accrued income thereon) to the Repo Counterparty.

• The excess, if any, of the Default Market Value of the Repo Collateral over the Outstanding Repurchase Price will be paid to the Repo Counterparty as at such date.

• The Default Market Value of the Equivalent Securities to be delivered and any other cash (including interest accrued) to be paid by the Borrower are required to be established by the Non-Defaulting Party and deemed as at the Termination Date.

• Where a Default Valuation Notice has not been served by the non-Defaulting Party on the Defaulting Party by the Default Valuation Time, then paragraph 10(e)(ii) of the GMRA provides that the Default Market Value of Equivalent Securities will be “an amount equal to their Net Value at the Default Valuation Time”.

More Definitions of Default Market Value

Default Market Value with respect to any Securities on any date:

Default Market Value means the amount specified in the relevant default notice to be determined by CLSA or its agent on the basis of either the official market closing price of the relevant product as determined by CLSA (acting in good faith), taking into account all reasonable costs and charges associated with the purchase or sale of the product, or such other amount to be determined based on factors that CLSA relevant to determine a fair market price (acting in good faith).

Default Market Value the meaning specified in article 8; e) «Рыночная Оценка Дефолта» - значение определено в ст. 8;

Default Market Value in relation to Financial Assets, where the Client holds a long position in the custody account, the Market value of such Financial Assets at the best bid price available for such Financial Assets on the most appropriate market after deduction of all broker’s fees and commissions, transfer taxes and all other reasonable costs, fees and expenses that would be incurred in connection with the transaction, all as reasonably determined by the Bank, on the Liquidation Date; – in relation to Financial Assets, where the Client holds a short position in the custody account, the Market value of such Financial Assets at the best offer price available for such Financial Assets on the most appropriate market with all broker’s fees and commissions, transfer taxes and all other reasonable costs, fees and expenses that would be incurred in connection with the transaction, all as reasonably determined by the Bank, on the Liquidation Date; - in relation to Futures and Listed Options, the cost of closing such positions using the best available prices, and taking into consideration the difference between the bid and offer prices in the market, for such futures and options after deduction of all broker’s fees and commissions, transfer taxes and all other reasonable costs, fees and expenses that would be incurred in connection with the transaction, all as reasonably determined by the Bank, on the Liquidation Date; – in relation to Forward Contracts, Swaps, Repos and OTC options, the cost of closing such positions using the best available prices, and taking into consideration the difference between the bid and offer prices in the market, for such Forwards, Swaps and OTC options on the most appropriate market after deduction of all broker’s fees and commissions, transfer taxes and all 3 other reasonable costs, fees and expenses that would be incurred in connection with the transaction, all as reasonably determined by the Bank, on the Liquidation Date, as a result of closing such transactions; – any amounts that become due or owed on any date later than the Liquidation Date as a result of closing such transactions are discounted at the prevailing interest rates of the relevant currency to the net present value at the Liquidation Date; any amount due or owed for any Financial Transaction mentioned above shall be translated into the Base currency at the spot rate, and – any cash amount including accrued interest on the Client’s current account(s).

Default Market Value with respect to any Securities on any date: , the meaning specified in paragraph 10;

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 shall hxxxx the meaning set out in Clause 15.8.