Collateral Valuation Covenant. (a) On each Business Day (as of the close of business on such day), the Borrower shall in good faith (i) calculate the Advance Amount using the Xxxxx'x Valuation Procedures using the most recent Market Value for each Fund Investment as determined in accordance with the Xxxxx'x Collateral Valuation Schedule and (ii) calculate the Advance Amount using the S&P Valuation Procedures using the most recent Market Value for each Fund Investment in accordance with the terms of the S&P Collateral Valuation Schedule; provided that for the purposes of this Agreement, the Advance Amount shall at all times be the lesser of the Advance Amounts calculated in accordance with clauses (i) and (ii) above. The Market Value of each Fund Investment shall be calculated by the Borrower (i) for purposes of the Xxxxx'x Valuation Procedures, as set forth in the Xxxxx'x Collateral Valuation Schedule and (ii) for purposes of the S&P Valuation Procedures, as set forth in the S&P Collateral Valuation Schedule.
Collateral Valuation Covenant. 38 Section 6.1.2 Information, etc.............................................................41 Section 6.1.3 Maintenance of Borrower's Existence, etc.....................................42 Section 6.1.4 Foreign Qualification........................................................42 Section 6.1.5 Payment of Taxes and Other Claims............................................42 Section 6.1.6 Insurance....................................................................42 Section 6.1.7 Notice of Default, Litigation, etc...........................................43 Section 6.1.8 Performance of Obligations...................................................43
