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
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)