Common use of Collateral Valuation Clause in Contracts

Collateral Valuation. Upon request, the Bank shall provide the IBFD with a report indicating the total amount of Public Funds (as defined in the Agreement) on deposit at the Bank and the total Market Value of the Collateral delivered and credited to or otherwise held in the Account as of the close of business on the day(s) requested by the IBFD by sending an e- mail to ▇▇▇@▇▇▇.▇▇.▇▇▇. If the Market Value of the Collateral is less than the Collateral Requirement, after any applicable credit has been given in the amount of the maximum draw amount under any Letter of Credit as Pledged Collateral against the Collateral Requirement, on any valuation day, the Bank shall, before noon (prevailing Eastern time) on the next Business Day following the date of such determination, deliver to and deposit into the Account Collateral having an aggregate Market Value that is not less than the amount of such deficiency so the Collateral Requirement is satisfied, and the Bank shall inform the IBFD that the Collateral Requirement has been satisfied by sending an e-mail to ▇▇▇@▇▇▇.▇▇.▇▇▇. The Bank shall have only one opportunity to cure the deficiency.

Collateral Valuation. Upon request, the Bank shall provide the IBFD with a report indicating the total amount of Public Funds (as defined in the Agreement) on deposit at the Bank and the total Market Value of the Collateral delivered and credited to or otherwise held in the Account as of the close of business on the day(s) requested by the IBFD by sending an e- e-mail to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ at ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇.▇▇▇, or his designee. If the Market Value of the Collateral is less than the Collateral Requirement, after any applicable credit has been given in the amount of the maximum draw amount under any Letter of Credit as Pledged Collateral against the Collateral Requirement, on any valuation day, the Bank shall, before noon (prevailing Eastern time) on the next Business Day following the date of such determination, deliver to and deposit into the Account Collateral having an aggregate Market Value that is not less than the amount of such deficiency so the Collateral Requirement is satisfied, and the Bank shall inform the IBFD that the Collateral Requirement has been satisfied by sending an e-mail to ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ at ▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇.▇▇▇, or his designee. The Bank shall have only one opportunity to cure the deficiency.

Collateral Valuation. Upon request, the Bank shall provide the IBFD with a report indicating the total amount of Public Funds (as defined in the Agreement) on deposit at the Bank and the total Market Value of the Collateral delivered and credited to or otherwise held in the Account as of the close of business on the day(s) requested by the IBFD by sending an e- mail to ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ at ▇▇▇▇▇▇@▇▇▇.▇▇.▇▇▇, or her designee. If the Market Value of the Collateral is less than the Collateral Requirement, after any applicable credit has been given in the amount of the maximum draw amount under any Letter of Credit as Pledged Collateral against the Collateral Requirement, on any valuation day, the Bank shall, before noon (prevailing Eastern time) on the next Business Day following the date of such determination, deliver to and deposit into the Account Collateral having an aggregate Market Value that is not less than the amount of such deficiency so the Collateral Requirement is satisfied, and the Bank shall inform the IBFD that the Collateral Requirement has been satisfied by sending an e-mail to ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ at ▇▇▇▇▇▇@▇▇▇.▇▇.▇▇▇▇ or her designee. The Bank shall have only one opportunity to cure the deficiency.