Collateral Valuation. 1. Discuss the original appraisal
Collateral Valuation. (a) The Discounted Value of the Collateral shall be monitored by, and all calculations of “Discounted Value” or “Borrowing Base” contemplated by the Loan Documents shall be determined by the Collateral Monitoring Agent; provided that, in making any such determination, the Collateral Monitoring Agent shall be entitled (i) to conclusively rely, without any independent investigation or inquiry, on any respective Custodian’s calculations of Market Value which are provided to the Collateral Monitoring Agent in the manner agreed to by the Collateral Monitoring Agent in the applicable Control Agreement or other applicable Collateral Document and (ii) in the case of any Gold Warrant or Clearing Member Customer Gold Warrant, to conclusively rely, without any independent investigation or inquiry, on a description of the amount and characteristics of gold subject to such Gold Warrant or Clearing Member Customer Gold Warrant, as applicable, or other data provided to the Collateral Monitoring Agent by the applicable Custodian. The Collateral Monitoring Agent shall not be liable for any failure or delay by any Custodian to provide such calculations, so long as the Collateral Monitoring Agent has used its commercially reasonable efforts to cause such Custodian to do so, nor shall the Collateral Monitoring Agent be liable for any errors in any Custodian’s calculations. Upon the request of the Collateral Monitoring Agent, the Company shall use commercially reasonable efforts to assist the Collateral Monitoring Agent in obtaining such calculations from the applicable Custodians. If any Custodian fails or is delayed in providing such calculations, the Collateral Monitoring Agent shall provide such calculations; provided that such Custodian has delivered to the Collateral Monitoring Agent a list of the assets and amounts thereof and other data, in each case, required to be delivered under the terms of the relevant Control Agreement or other applicable Collateral Document (upon which the Collateral Monitoring Agent may conclusively rely, without any independent inquiry or investigation). With respect to any asset, if any Custodian fails to deliver, in accordance with the relevant Control Agreement or other applicable Collateral Document, any information deemed reasonably necessary by the Collateral Monitoring Agent for the Collateral Monitoring Agent to calculate the Market Value of such asset, the Collateral Monitoring Agent shall value such asset held by such Custodian at ze...
Collateral Valuation. PPPLF Collateral valuation for each Item shall equal the principal amount of the PPP Loan outstanding at the time the PPP Loan is pledged as PPPLF Collateral.
Collateral Valuation. Collateral Agent shall monitor the market value of the Collateral. On each Borrowing Date, promptly after receiving notice from the Company of a proposed borrowing, on each subsequent day on which there is an outstanding Advance, and on the last day of each calendar month (or, if such day is not a Business Day, the next succeeding Business Day), commencing with the first such date to occur after the date hereof, Collateral Agent shall determine the aggregate market value of all Collateral on and as of such date in accordance with its usual and customary practices and shall advise and notify (which may be by telephone) the Company, Administrative Agent and each Bank thereof (each a “Collateral Notice”). Collateral Agent agrees to deliver promptly to the Company, Administrative Agent and each Bank a written confirmation of any telephonic Collateral Notice which is given on a Borrowing Date.
Collateral Valuation. (a) The Discounted Value of the Collateral shall be monitored by, and all calculations of “Discounted Value”, “Borrowing Base”, “Clearing Fund Borrowing Base” or “Company Fund Borrowing Base” contemplated by the Loan Documents shall be determined by the Collateral Agent; provided that, in making any such determination, the Collateral Agent shall be entitled to conclusively rely, without any independent investigation or inquiry, on any respective Custodian’s calculations of Market Value which are provided to the Collateral Agent. The Collateral Agent shall not be liable for any failure or delay by any Custodian to provide such calculations, so long as the Collateral Agent has used its commercially reasonable efforts to cause such Custodian to do so, nor shall the Collateral Agent be liable for any errors, in any Custodian’s calculations. Upon the request of the Collateral Agent, the Company shall use commercially reasonable efforts to assist the Collateral Agent in obtaining such calculations from the applicable Custodians. In no event shall the Collateral Agent be responsible for calculating the Market Value of the Collateral in the possession of a Custodian if such Custodian fails or is unable to calculate and provide the calculation of Market Value. In the event no Market Value is given by a Custodian for any particular asset included in the Collateral, the Discounted Value of such asset shall be deemed to be zero. The Administrative Agent shall be entitled to conclusively rely, without any independent investigation or inquiry, on any such calculations made by the Collateral Agent which are provided to the Administrative Agent.
Collateral Valuation. The rights of Ambac set forth in Section 6.1.1(e) of the Credit Agreement shall survive the termination of the Credit Agreement and shall be deemed set forth herein in full.
Collateral Valuation. (a) The Clearing House will at its sole discretion determine the value to be attributed to the Collateral provided to the Clearing House.
Collateral Valuation. The Collateral Agent shall monitor the Market Value of the Collateral. On each Borrowing Date, the Collateral Agent shall determine the Market Value of the Collateral (in accordance with Section 3.1(b) with respect to timing of such valuation) securing the Loans to be made on such date. On each subsequent Business Day on which there is an outstanding Advance, the Collateral Agent shall (i) to the extent any such Advance is a Company Pool Loan, determine the Company Borrowing Base on and as of such date in accordance with its usual and customary practices and (ii) to the extent any such Advance is a Clearing Fund Pool Loan, determine the applicable Clearing Fund Borrowing Base on and as of such date in accordance with its usual and customary practices, and, in each case, shall advise and notify (which may be by telephone, provided that written confirmation thereof shall promptly follow) the Company, the Administrative Agent and each Bank of each such determination.
Collateral Valuation. Each Bank shall determine the value of collateral securing the Bank’s advances in accordance with the collateral valuation procedures set forth in the Bank’s member products policy established pursuant to § 917.4 of this chapter.
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 XXX@xxx.xx.xxx. 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 XXX@xxx.xx.xxx. The Bank shall have only one opportunity to cure the deficiency.
