Common use of Valuation and Timing Clause in Contracts

Valuation and Timing. (i)“Valuation Agent” means M▇▇▇▇▇; provided, however, that if an Event of Default shall have occurred with respect to which M▇▇▇▇▇ is the Defaulting Party, Counterparty shall have the right to designate as Valuation Agent an independent party, reasonably acceptable to M▇▇▇▇▇, the cost of which shall be borne by M▇▇▇▇▇. The Valuation Agent’s calculations shall be made in accordance with standard market practices using commonly accepted third party sources such as Bloomberg or Reuters.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (ChaseFlex Trust Series 2007-2), Pooling and Servicing Agreement (ChaseFlex Trust Series 2007-2)

Valuation and Timing. (i)“Valuation i) “Valuation Agent” means M▇▇▇▇▇; provided, however, that if an Event of Default shall have occurred with respect to which M▇▇▇▇▇ is the Defaulting Party, Counterparty shall have the right to designate as Valuation Agent an independent party, reasonably acceptable to M▇▇▇▇▇, the cost of which shall be borne by M▇▇▇▇▇. The Valuation Agent’s calculations shall be made in accordance with standard market practices using commonly accepted third party sources such as Bloomberg or Reuters.

Appears in 1 contract

Sources: Master Agreement (C-Bass 2007-Cb5 Trust)

Valuation and Timing. (i)“Valuation i) “Valuation Agent” means M▇▇▇▇▇; provided, however, that if an Event of Default shall have occurred with respect to which M▇▇▇▇▇ is the Defaulting Party, Counterparty shall have the right to designate as Valuation Agent an independent party, reasonably acceptable to M▇▇▇▇▇, the cost of which shall be borne by M▇▇▇▇▇. The Valuation Agent’s calculations shall be made in accordance with standard market practices using commonly accepted third party sources such as Bloomberg or Reuters.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (ChaseFlex Trust Series 2007-3)

Valuation and Timing. (i)“Valuation 1) (i) “Valuation Agent” means M▇▇▇▇▇; provided, however, that if an Event of Default shall have occurred with respect to which M▇▇▇▇▇ is the Defaulting Party, Counterparty shall have the right to designate as Valuation Agent an independent party, reasonably acceptable to M▇▇▇▇▇, the cost of which shall be borne by M▇▇▇▇▇. The Valuation Agent’s calculations shall be made in accordance with standard market practices using commonly accepted third party sources such as Bloomberg or Reuters.

Appears in 1 contract

Sources: Master Agreement (Harley-Davidson Motorcycle Trust 2007-3)