Insufficiency Determination. (a) If as of 4:00 p.m., New York City time, on any Business Day the Collateral Agent determines that the aggregate Pledge Value of the Collateral is less than the Pledge Value Requirement (any such determination, an "Insufficiency Determination"), the Collateral Agent shall promptly notify Pledgor of such determination by telephone call to an Authorized Representative of Pledgor followed by a written confirmation of such call.
Appears in 4 contracts
Samples: Collateral Agreement (Eleventh Automatic Common Exchange Security Trust), Collateral Agreement (Tenth Automatic Common Exchange Security Trust), Collateral Agreement (Ameritrade Automatic Common Exchange Security Tr)
Insufficiency Determination. (a1) If as of at 4:00 p.m., New York City time, on any Business Day the Collateral Agent determines that the aggregate Pledge Value of the Collateral is less than the Pledge Value Requirement (any such determination, an "Insufficiency Determination"), the Collateral Agent shall promptly notify the Pledgor of such determination by telephone call to an Authorized Representative of the Pledgor followed by a written confirmation of such call.
Appears in 3 contracts
Samples: Collateral Agreement (CVS Automatic Common Exchange Security Trust), Collateral Agreement (Fourth Automatic Common Exchange Security Trust), Collateral Agreement (Estee Lauder Automatic Common Exchange Security Trust)
Insufficiency Determination. (a) If as of 4:00 p.m., New York City time, on any Business Day the Collateral Agent determines that the aggregate Pledge Value of the Collateral is less than the Pledge Value Requirement (any such determination, an "βInsufficiency Determination"β), the Collateral Agent shall promptly notify Pledgor of such determination by telephone call to an Authorized Representative of Pledgor followed by a written confirmation of such call.
Appears in 3 contracts
Samples: Collateral Agreement (2010 Swift Mandatory Common Exchange Security Trust), Collateral Agreement (2009 Dole Food Automatic Common Exchange Security Trust), Collateral Agreement (Murdock David H)
Insufficiency Determination. (a) If as of at 4:00 p.m., New York City time, on any Business Day the Collateral Agent determines that the aggregate Pledge Value of the Collateral is less than the Pledge Value Requirement (any such determination, an "Insufficiency Determination")Requirement, the Collateral Agent shall promptly notify the Pledgor of such determination by telephone call to an Authorized Representative of the Pledgor followed by a written confirmation of such call.
Appears in 1 contract
Samples: Collateral Agreement (Third Automatic Common Exchange Security Trust)
Insufficiency Determination. (a) If If, as of 4:00 p.m., New York City time, on any Business Day Day, the Collateral Agent determines that the aggregate Pledge Value of the Collateral is less than the Pledge Value Requirement (any such determination, an "Insufficiency Determination"), the Collateral Agent shall promptly notify Pledgor of such determination by telephone call to an Authorized Representative of Pledgor followed by a written confirmation of such call.
Appears in 1 contract
Samples: Collateral Agreement (Mandatorily Exchangeable Securities Trust)
Insufficiency Determination. (a1) If as of 4:00 p.m., New York City time, on any Business Day the Collateral Agent determines that the aggregate Pledge Value of the Collateral is less than the Pledge Value Requirement (any such determination, an "Insufficiency Determination"), the Collateral Agent shall promptly notify the Pledgor of such determination by telephone call to an Authorized Representative of the Pledgor followed by a written confirmation of such call.
Appears in 1 contract
Samples: Collateral Agreement (Estee Lauder Automatic Common Exchange Security Trust Ii)
