REQUIRED VALUE. We undertake to ensure that with effect from the date of this Charge Agreement and at all times thereafter until the Obligations are discharged in full: 4.1 the market value of the Charged Portfolio shall not be less than the Required Value and without limitation from time to time to pay or transfer to the Custodian (by way of increment to the Charged Portfolio) money and/or securities so that such value shall not be less than the Required Value; and 4.2 each component part of the Charged Portfolio shall satisfy the Security Trustee's Requirements applicable thereto.
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Sources: Letter of Credit Facility Agreement (Ace LTD), Letter of Credit Facility Agreement (Ace LTD)