Margin Value. With respect to any Repurchase Transaction, the amount obtained by dividing the Market Value of each Security by the applicable Margin Percentage and aggregating such amounts. The Margin Value of Securities shall equal or exceed the Purchase Price at the times calculated by Bank pursuant to this Agreement.
Appears in 5 contracts
Sources: Subcustodial Undertaking (Dreyfus Cash Management Plus Inc), Subcustodial Undertaking (Dreyfus Worldwide Dollar Money Market Fund Inc), Subcustodial Undertaking (Dreyfus Money Market Instruments Inc)