Risk Valuation Agent definition

Risk Valuation Agent means, in respect of any Risk Valuation Date and any Swap: (i) if only one Party is a CFTC Swap Entity, such Party, (ii) if both Parties are CFTC Swap Entities and such Parties have not entered into a Credit Support Agreement relating to such Swap, the Party whom both Parties have agreed in writing will be the Risk Valuation Agent for such date (unless such date is only a Local Business Day for one of the Parties, in which case such Party shall be the Risk Valuation Agent for such date), and (iii) if both Parties are CFTC Swap Entities and such Parties have entered into one or more Credit Support Agreements relating to such Swap, the Party entitled to make a Credit Support Call under such Credit Support Agreements on such date; provided that, (a) on any such date on which both CFTC Swap Entities are entitled to make such a Credit Support Call, the Risk Valuation Agent shall be the Party entitled to make a Credit Support Call under such Credit Support Agreements on the most recent Risk Valuation Date on which only one CFTC Swap Entity was entitled to make such a call and (b) on any such date on which neither CFTC Swap Entity is entitled to make such a Credit Support Call, if such date is only a Local Business Day for one of the Parties, such Party shall be the Risk Valuation Agent and otherwise the Risk Valuation Agent shall be the Party entitled to make a Credit Support Call under such Credit Support Agreement on the most recent preceding Risk Valuation Date on which only one CFTC Swap Entity was entitled to make such a call.
Sample 1
Risk Valuation Agent means, in respect of any Risk Valuation Date and any SBS: (i) if only one party is a Covered SBS Entity, such party, (ii) if both parties are Covered SBS Entities and such parties have not entered into a Credit Support Agreement relating to such SBS, the party whom both parties have agreed in writing will be the Risk Valuation Agent for such date (unless such date is only a Local Business Day for one of the parties, in which case such party shall be the Risk Valuation Agent for such date), and (iii) if both parties are Covered SBS Entities and such parties have entered into one or more Credit Support Agreements relating to such SBS, the party entitled to make a Credit Support Call under such Credit Support Agreements on such date; provided that, (a) on any such date on which both Covered SBS Entities are entitled to make such a Credit Support Call, the Risk Valuation Agent shall be the party entitled to make a Credit Support Call under such Credit Support Agreements on the most recent Risk Valuation Date on which only one Covered SBS Entity was entitled to make such a call, and (b) on any such date on which neither Covered SBS Entity is entitled to make such a Credit Support Call, if such date is only a Local Business Day for one of the parties, such party shall be the Risk Valuation Agent and otherwise the Risk Valuation Agent shall be the party entitled to make a Credit Support Call under such Credit Support Agreement on the most recent preceding Risk Valuation Date on which only one Covered SBS Entity was entitled to make such a call.
Sample 1
Risk Valuation Agent means, in respect of any Risk Valuation Date and any SBS: (i) if only one party is a Covered SBS Entity, such party, (ii) if both parties are Covered SBS Entities and such parties have not entered into a Credit Support Agreement relating to such SBS, the party whom both parties have agreed in writing will be the Risk Valuation Agent for such date (unless such date is only a Local Business Day for one of the parties, in which case such party shall be the Risk Valuation Agent for such date), and (iii) if both parties are Covered SBS Entities and such parties have entered into one or more Credit Support Agreements relating to such SBS, the party entitled to make a Credit Support Call under such Credit Support Agreements on such date; provided that, (a) on any such date on which both Covered SBS Entities are entitled to make such a Credit Support Call, the Risk Valuation Agent shall be the party entitled to make a Credit Support Call under such Credit Support Agreements on the most recent Risk Valuation Date on which only one Covered SBS Entity was entitled to make such a call, and (b) on any such date on which neither Covered SBS Entity is entitled to make such a Credit Support Call, if such date is only a Local Business Day for one of the parties, such party shall be the Risk Valuation Agent and otherwise the Risk Valuation Agent shall be the party entitled to make a Credit Support Call under such Credit Support Agreement on the most recent preceding Risk Valuation Date on which only one Covered SBS Entity was entitled to make such a call.26 The SEC rules also require that the valuations produced through this agreed process be used for purposes of regulatory margin requirements under Section 15F(e) and regulations thereunder. Section 3.10 includes language intended to make clear that Risk Valuations produced under SBS II Schedule 3 do not affect any other agreement of the parties regarding the calculation of valuations or any dispute regarding valuations for any other purpose.In order to avoid unnecessary production of additional valuations, Risk Valuation is defined to conform to existing valuations whenever possible in light of regulatory requirements. Where the parties have previously agreed upon a process for a Covered SBS Entity to determine the value of an SBS for purposes of transferring collateral (referred to in this SBS Supplement II as the “CSA Valuation”). This definition provides that the “Risk Valuation” is the CSA Valuation on any day on which...
Sample 1

Examples of Risk Valuation Agent in a sentence

  • Failure by CP to dispute a Risk Valuation calculated by the Risk Valuation Agent does not constitute acceptance by CP of the accuracy of the Risk Valuation for any other purpose.

  • Unless otherwise agreed by the Parties, the Risk Valuation Agent shall not be obligated to disclose to CP any confidential, proprietary information about any model the Risk Valuation Agent may use to value a Swap.

  • Km. Asansol and Durgapur is considered the most important industrial and commercial cities in West Bengal after Kolkata.A resource rich region offering comparative advantage for industrial investments surrounds the ADDA area.

  • Such notice shall include CP’s calculation of the Risk Valuations for all SBS as of the relevant date for which the Risk Valuation Agent has provided Risk Valuations to CP, which must be calculated by CP acting in good faith and using commercially reasonable procedures in order to produce a commercially reasonable result.

  • CFTC Regulations 23.504(a)(1)(i) & (a)(2).3.4. Each Risk Valuation will be determined by the Risk Valuation Agent (or its agent) acting in good faith and using commercially reasonable procedures in order to produce a commercially reasonable result.Part II.

  • Unless otherwise agreed by the parties, the Risk Valuation Agent shall not be obligated to disclose to CP any confidential, proprietary information about any model the Risk Valuation Agent may use to value an SBS.

  • CFTC Regulation 23.504(b)(4)(ii).3.8. Following a recalculation pursuant to Section 3.7 of this [ ] 2013 DF Schedule 3, the Risk Valuation Agent will notify CP not later than the close of business on the Local Business Day of the Risk Valuation Agent following the date of such recalculation, and such recalculation shall be the Risk Valuation for the applicable Risk Valuation Date.Part III.

  • Dispute Resolution for Risk Valuations for Purposes of Section 4s(j) of the CEA16Each Party agrees that: 3.5. If CP wishes to dispute the Risk Valuation Agent’s calculation of a Risk Valuation, CP shall notify the Risk Valuation Agent in writing in accordance with the Notice Procedures on or prior to the close of business on the Joint Business Day following the date on which CP was notified of such Risk Valuation.

  • Dispute Resolution for Risk Valuations for Purposes of Section 15F(j) of the SEA13‌ Each party agrees that: 3.5. If CP wishes to dispute the Risk Valuation Agent’s calculation of a Risk Valuation, CP shall notify the Risk Valuation Agent in writing in accordance with the Notice Procedures on or prior to the close of business on the Joint Business Day following the date on which CP was notified of such Risk Valuation.

  • Dispute Resolution for Risk Valuations for Purposes of Section 4s(j) of the CEA15Each Party agrees that: 3.5. If CP wishes to dispute the Risk Valuation Agent’s calculation of a Risk Valuation, CP shall notify the Risk Valuation Agent in writing in accordance with the Notice Procedures on or prior to the close of business on the Joint Business Day following the date on which CP was notified of such Risk Valuation.

Related to Risk Valuation Agent

  • Valuation Agent means Party A.

  • Determination Agent means Calculation Agent Services LLC and any successor or replacement thereto or any other entity appointed as determination agent in accordance with the terms of the Determination Agency Agreement.

  • Index Calculation Agent means Bank Vontobel AG, Gotthardstrasse 43, 8002 Zurich, Switzerland. "Index Calculation Day" means every day from Monday to Friday.

  • Independent Valuation Provider means any of Xxxxxxx & Marsal, Xxxxxxxx Xxxxx Xxxxxx & Xxxxx Capital, Inc., Duff & Xxxxxx LLC, Xxxxxx, Xxxxxx and Company, Lincoln Partners Advisors, LLC, Xxxxx Xxxxxx Xxxx, LLC and Valuation Research Corporation and Xxxxx, or any other Independent nationally recognized third-party appraisal firm selected by the Administrative Agent, and reasonably acceptable to the Borrower.

  • Quotation Agent means the Reference Treasury Dealer appointed by the Company.

  • FX Valuation Date means the FX Calculation Date immediately following the respective Valuation Date.

  • Excess valuation assets for a valuation period means, with

  • SPS Valuation Date means the SPS FR Barrier Valuation Date or the Strike Date, as applicable.

  • Calculation Agent means the Person that has entered into the Calculation Agent Agreement with the Company providing for, among other things, the determination of the Final Underlier Level and the Cash Settlement Amount, which term shall, unless the context otherwise requires, include its successors under such Calculation Agent Agreement. The initial Calculation Agent shall be Wells Fargo Securities, LLC. Pursuant to the Calculation Agent Agreement, the Company may appoint a different Calculation Agent from time to time after the initial issuance of this Security without the consent of the Holder of this Security and without notifying the Holder of this Security.

  • MFP Valuation Date means the MFP Settlement Valuation Date;

  • Final Valuation Date means the Final Valuation Date as specified in § 1 of the Product and Underlying Data. If the Final Valuation Date is not a Calculation Date the immediately following Banking Day which is a Calculation Date shall be the Final Valuation Date.

  • Verification Agent As defined in Section 3.28.

  • Structured settlement obligor means, with respect to any structured settlement, the party that has the continuing obligation to make periodic payments to the payee under a structured settlement agreement or a qualified assignment agreement.

  • ST Valuation Date means the Redemption Valuation Date.

  • Bid Valuation Date means May 10, 2010.

  • Information Agent The meaning specified in Section 14.16.

  • Collection Agent means at any time the Person then authorized pursuant to Section 6.01 to service, administer and collect Transferred Receivables.

  • Call Valuation Date means the first Scheduled Trading Day of the month following the expiry of 35 calendar days after the Issuer’s Call Date. For the avoidance of doubt, the 35 calendar day period is mandatory and non- waivable by either the Issuer or the Holder.

  • Auto-Call Valuation Date means, in respect of an Index and subject to the Adjustment Provisions, each day specified as such in the definition of Auto-Call Trigger Level, or if any such day is not a Scheduled Trading Day for such Index, the next following Scheduled Trading Day in respect of such Index.

  • RMB Rate Calculation Agent means the agent appointed from time to time by the Issuer for the determination of the RMB Spot Rate or identified as such in the relevant Final Terms.

  • Required Special Servicer Rating means with respect to a special servicer (i) in the case of Fitch, a rating of “CSS3”, (ii) in the case of S&P, such special servicer is on S&P’s Select Servicer List as a U.S. Commercial Mortgage Special Servicer, (iii) in the case of Xxxxx’x, such special servicer is acting as special servicer for one or more loans included in a commercial mortgage loan securitization that was rated by Xxxxx’x within the twelve (12) month period prior to the date of determination, and Xxxxx’x has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer of such commercial mortgage loans, (iv) in the case of Morningstar, such special servicer has a ranking by Morningstar equal to or higher than “MOR CS3” as a special servicer, provided that if Morningstar has not issued a ranking with respect to such special servicer, such special servicer is acting as special servicer in a commercial mortgage loan securitization that was rated by a Rating Agency within the twelve (12) month period prior to the date of determination, and Morningstar has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer of such commercial mortgage securities, (v) in the case of KBRA, KBRA has not cited servicing concerns of such special servicer as the sole or material factor in any qualification, downgrade or withdrawal of the ratings (or placement on “watch status” in contemplation of a ratings downgrade or withdrawal) of securities in a transaction serviced by such special servicer prior to the time of determination, and (vi) in the case of DBRS, such special servicer is acting as special servicer in a commercial mortgage loan securitization that was rated by DBRS within the twelve (12) month period prior to the date of determination and DBRS has not downgraded or withdrawn the then-current rating on any class of commercial mortgage securities or placed any class of commercial mortgage securities on watch citing the continuation of such special servicer as special servicer of such commercial mortgage securities as a material reason for such downgrade or withdrawal.

  • Independent Valuation has the meaning set forth in Section 1.68(d).

  • Independent Investment Bank means one of the Reference Treasury Dealers that the Issuer appoints to act as the Independent Investment Bank from time to time.

  • Interest Valuation Date means each date set out in the table below in the column entitled “Interest Valuation Dates”.

  • Dissemination Agent means the Trustee, acting in its capacity as Dissemination Agent, or any successor Dissemination Agent designated in writing by the City and which has filed with the Trustee a written acceptance of such designation.

  • Valuation Point means such time as shall be specified in the relevant Supplement for each Fund.