Valuation Index definition
Valuation Index means, with respect to Collateral, the “Valuation Index” specified for such Collateral on Schedule I or, if such index no longer becomes available, such other valuation index chosen by the Lender in its reasonable discretion.
Examples of Valuation Index in a sentence
If the Currency of Payment for any payment is not Dollars, the Lender shall determine the amount owing by the Borrower in such Currency of Payment prior to 1:00 p.m. on the date such payment is due (with the amount of such payment being increased by the Liquidation Fee), using either the Valuation Index if applicable to such Currency of Payment or any other conversion method it shall determine applicable in good faith.