Valuation of Collateral. Securities Intermediary shall provide view only access to its systems to Secured Party for the purpose of communicating data as to the Reserve Account as of that date.
Valuation of Collateral. The securities must be valued weekly, marked-to-market at current market price plus accrued interest. The value of the collateral must be equal to at least 104% of the amount of cash transferred by the Trustee or custodian for the Trustee to the dealer bank or security firm under the repurchase agreement plus accrued interest. If the value of securities held as collateral slips below 104% of the value of the cash transferred by the Trustee plus accrued interest, then additional cash and/or acceptable securities must be transferred. If, however, the securities used as collateral are FNMA or FHLMC, then the value of collateral must equal at least 105%; and
Valuation of Collateral. The Collateral Agent shall determine on each Business Day whether the Pledge Value is at least equal to the Pledge Value Requirement and whether an Insufficiency Determination or Collateral Event of Default shall have occurred and, from and after any substitution of U.S. Government Securities or Cash Equivalents for pledged Common Stock or Reported Securities pursuant to paragraph (b) of this Section 6, shall determine the Pledge Value on each Business Day and shall provide written notice of the Pledge Value to the Pledgor.
Valuation of Collateral. The Carveout Obligor waives any right to assert that the amount paid for the Property at a lawfully conducted judicial or non-judicial foreclosure sale is less than the value of the Property.
Valuation of Collateral. Collateral provided in accordance with this Agreement shall be evaluated by reference to the following, or by such means as the Parties may from time to time agree:-
Valuation of Collateral. The securities must be valued weekly, marked-to-market at current market price plus accrued interest.
Valuation of Collateral. The Collateral Agent shall determine as of 4:00 p.m., New York City time, on each Business Day whether the Pledge Value is at least equal to the Pledge Value Requirement and whether an Insufficiency Determination or Collateral Event of Default shall have occurred and, from and after any Reorganization Event, Spin-Off Distribution or substitution of U.S. Government Securities for pledged shares of Common Stock or Marketable Securities pursuant to Section 5.2, shall determine the Pledge Value and the Pledge Value Requirement on each Business Day and shall provide written notice of the Pledge Value and the Pledge Value Requirement, in the form of Exhibit A, to Pledgor.
Valuation of Collateral. (a) On or prior to the fifth Business Day after (1) the last Business Day of each calendar month, (2) the next Business Day after any day on which Collateral is released from the Custodial Account pursuant to Section 3.05 hereof and (3) the Business Day immediately preceding any day on which Collateral is added to the Custodial Account pursuant to Section 3.06 hereof, the Pledgor shall cause the Custodian to, as provided in the Custodial Agreement Acknowledgment:
(i) determine the Market Value of all Eligible Collateral which was held in the Restricted Custodial Account as of the close of business on such (1) last Business Day of the calendar month, (2) next Business Day after the day on which Collateral is released or (3) Business Day immediately preceding the day on which Collateral is added, as the case may be, (each such day, a "Valuation Day"); and -------------
(ii) prepare a valuation report stating the Market Value of the Eligible Collateral and any cash held in the Restricted Custodial Account as of the close of business on each such Valuation Day ("Valuation Report"). ----------------
(b) On or prior to the fifth Business Day after each Valuation Day referred to in subsection 3.04(a)(i)(1), the Pledgor shall cause the Custodian to deliver by facsimile transmission to the Agent and the Pledgor the Valuation Report, and, for any other Valuation Day, upon request of the Agent, the Xxxxxxx shall cause the Custodian to deliver by facsimile transmission to the Agent the related Valuation Report.
(c) The Agent may conclusively rely on each Valuation Report. The Agent shall deliver to each Bank as soon as available, but on or before the tenth day of each calendar quarter, and to the Pledgor along with each statement of fees and interest due under the Credit Agreement, a quarterly statement ("Valuation Summary") showing the lowest Market Value of the Eligible Collateral on a Valuation Day during such quarter or, in the case of a quarter in which the Closing Date occurs or the Commitments have been terminated, showing the lowest Market Value of the Eligible Collateral on a Valuation Day during such calendar quarter during which the Commitments were in effect ("Lowest Quarterly Market ----------------------- Value"), and the Market Value of the Eligible Collateral on each such Valuation ----- Day during such calendar quarter. The Lowest Quarterly Market Value so determined by the Agent shall be final, conclusive and binding on all parties in the absence of ...
Valuation of Collateral. (A) The securities must be valued weekly, marked-to market at current market price plus accrued interest
(B) The value of collateral must be equal to 104% of the amount in cash transferred by the Issuer to the dealer bank or security firm under the REPO plus accrued interest. If the value of securities held as collateral slips below 104% of the value of the cash transferred by Issuer, then additional cash and/or acceptable securities must be transferred. If, however, the securities used as collateral are FNMA or FHLMC, then the value of collateral must equal 105%.
Valuation of Collateral. 10 Section 5.2. Substitution of Collateral.............................. 11 Section 5.3. Additional Collateral................................... 11 Section 5.4. Delivery of Collateral.................................. 12 Section 5.5. Insufficiency Determination............................. 13 Section 5.6. Release of Excess Collateral............................ 14 Section 5.7. Delivery of Contract Consideration...................... 14 Section 5.8. Investment of Cash Collateral........................... 15 3 ARTICLE VI INCOME AND VOTING RIGHTS ON COLLATERAL
