Valuation of Collateral Sample Clauses

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) The Valuation Agent shall determine every two (2) weeks (the date of such valuation being a "Valuation Date") (i) the amount of the Certificate A (inclusive of principal and accreted/compounded interest) as of the Valuation Date (the "Certificate Value") and (ii) by obtaining values from the issuer of the Certificate A and at least one reputable broker of certificates of deposit, the fair market sales value of the Certificate A if sold prior to maturity as of the Valuation Date as the higher of two values received (the "Sales Value"). Each such valuation by the Valuation Agent shall be binding on the Pledgor and the Pledgee, absent manifest error. On any Valuation Date, in the event that the Sales Value plus any collateral previously delivered by the Pledgor pursuant to Section 2.7(b) is less than the Certificate Value (a "Deficiency"), the Valuation Agent shall give written notice of such Deficiency (a "Collateral Notice") within two (2) Business Days after the Valuation Date via (i) overnight mail or hand delivery and (ii) facsimile transmission, to each of the Pledgee, the Pledgor and a third party (the "Custodian") to be reasonably agreed to by the parties hereto that will establish the Certificate Pledge Agreement Collateral Account (as hereinafter defined) on behalf of the Pledgee and Key Corporate Capital Inc. (a) The Pledgor shall promptly, but in any event with five (5) Business Days after receipt of a Collateral Notice (facsimile confirmation receipt by the Valuation Agent being deemed receipt of notice by the Pledgor and the Pledgee), wire transfer funds in U.S. Dollars to a collateral account to be specified by the Pledgee to the Pledgor (the "Collateral Account") in an amount equal to or exceeding the Deficiency. The Pledgor's obligation to transfer such funds is hereinafter referred to as the "Collateral Requirement." The Pledgor's failure to provide such additional Collateral shall result in Pledgee having the immediate right to all Collateral and all funds in the Collateral Account in accordance with Section 6.1. (b) On any Valuation Date, in the event that the Sales Value plus any collateral previously delivered pursuant to Section 2.7(b), equals or exceeds the Certificate Value (such excess being referred to herein as the "Excess") and no Event of Default described in Section 6.1 or Default relating thereto shall have occurred and be continuing, the Valuation Agent shall provide written notice of such Excess (the "Excess Notice") with...

Valuation of Collateral. 11 Section 5.2. Substitution of Collateral.............................................11 Section 5.3. Additional Collateral..................................................12 Section 5.4. Delivery of Collateral.................................................13 Section 5.5. Insufficiency Determination............................................14 Section 5.6. Release of Excess Collateral...........................................15 Section 5.7. Delivery of Contract Consideration.....................................15 Section 5.8. Investment of Cash Collateral..........................................16

Valuation of Collateral. Following election by Pledgor to substitute Eligible Cash Equivalents for Pledged Items pursuant to Section 5.2, the Collateral Agent shall determine as of 5:00 p.m., New York City time, on each Business Day following any such election whether the Pledge Value satisfies the Pledge Value Requirement and whether an Insufficiency Determination or Collateral Event of Default shall have occurred, and shall provide written notice of the Pledge Value and the Pledge Value Requirement, in the form of Exhibit A, to Pledgor.