Required Value definition

Required Value shall have the meaning set forth in Section 3.1.

Required Value means at any date, with respect to any Loan, an amount equal to at least 102% of the then current Market Value of the relevant Loaned Securities which are the subject of that Loan as of the close of trading on the preceding Business Day, except in the case of certain discounted securities at or approaching maturity, for which “Required Value” shall mean, with respect to any Loan, an amount equal to at least 100% of the par value of the relevant Loaned Securities.

Required Value means, with respect to any Loan, an amount equal to at least 100% of the par value of the relevant Loaned Securities.

Examples of Required Value in a sentence

• Any Collateral received by Lender with respect to a Loan in excess of the Required Value for such Loan may be held by Lender as collateral security for all Loans made to Borrower at any time without being allocated to any one Loan or, in the sole discretion of Lender, may be allocated at any time to any Loan or Loans then outstanding hereunder.

• The Minimum Required Value is set out on the Contract Specifications page.

• We reserve the right to terminate this Contract at any time that the Account Value is less than the Minimum Required Value.

• If at any time the aggregate Market Value of the Collateral allocated to any Loan is less than the Required Value for such Loan, then the Borrower shall, upon oral demand by the Trustee, deliver to the Trustee additional Collateral having a Market Value at least equal to such deficiency.

• In response to this shortcoming, we have drafted a preliminary framework for lawyers, judges, decision-makers, and other justice stakeholders to use when considering the implementation of virtual facilitation processes or digital transformation platforms in the future.

More Definitions of Required Value

Required Value has the meaning ascribed to it in the Charge Agreement.

Required Value means the Market Value of all the Borrowed Securities outstanding to a Borrower plus any additional margin as agreed upon between Agent and the Borrower.

Required Value means US$100 or, if Pricing Level V applies, such other amount as is determined in accordance with the Agreement and notified from time to time by the Security Trustee to the Custodian; and

Required Value means, from time to time, an amount equal to 150% of the aggregate of (i) Outstanding Amounts due under this Agreement and (ii) the outstanding principal balance of the Private Placement Bonds.

Required Value means, as of any date of determination, the following percentage of the Market Value of the Loaned Securities: (a) in the case of Foreign Securities, 105%; and (b) in the case of all other Loaned Securities, 102%.

Required Value means (i) the value of any index or any commodity-related value underlying a Derivative Security Product, (ii) the indicative optimized portfolio value, intraday indicative value, or other comparable estimate of the value of a share of a Derivative Securities Product updated regularly during the trading day, (iii) a net asset value in the case of a Derivative Securities Product for which a net asset value is disseminated, and (iv) a "disclosed portfolio" in the case of a Derivative Securities Product that is a series of managed fund shares or actively managed exchange-traded funds for which a disclosed portfolio is disseminated.

Required Value in respect of the EIB Bank Security for the Loan on any date (each a "Relevant Date") means the aggregate of: