Common use of Mxxx to Market Clause in Contracts

Mxxx to Market. The Bank shall on a daily basis (a) Mxxx to Market Loaned Securities and Collateral. If the Market Value of the Collateral at the Close of Trading on a Business Day is less than the Margin Percentage of the Market Value of the Loaned Securities at the Close of Trading on that Business Day, the Borrower shall deliver, by the close of business on the following Business Day, an additional amount of Collateral the Market Value of which, together with the Market Value of all previously delivered collateral, equals at least the Margin Percentage of the Market Value of the Loaned Securities as of such preceding day. In the event that the Market Value of the Collateral exceeds the Margin Percentage of the Market Value of the Loaned Securities, part of the Collateral may be returned to the Borrower as long as the Market Value of the remaining Collateral equals at least the Margin Percentage of the Market Value of the Loaned Securities.

Mxxx to Market. The Bank shall on a daily basis (a) Mxxx to Market Loaned Securities and Collateral. If the Market Value of the Collateral at the Close close of Trading trading on a Business Day is less than the Margin Percentage of the Market Value of the Loaned Securities at the Close close of Trading trading on that Business Dayday, the Borrower shall deliver, by the close of business on the following Business Day, an additional amount of Collateral the Market Value of which, together with the Market Value of all previously delivered collateral, equals at least the Margin Percentage of the Market Value of the Loaned Securities as of such preceding day. In the event that the Market Value of the Collateral exceeds the Margin Percentage of the Market Value of the Loaned Securities, part of the Collateral may be returned to the Borrower as long as the Market Value of the remaining Collateral equals at least the Margin Percentage of the Market Value of the Loaned Securities.

Mxxx to Market. The Bank shall on a daily basis (a) Mxxx to Market Loaned Securities and Collateral. If the Market Value of the Collateral at the Close close of Trading trading on a Business Day is less than the Margin Percentage of the Market Value of the Loaned Securities securities at the Close close of Trading trading on that Business Dayday, the Borrower Bank shall deliverseek to obtain from the Borrower, by the close of business on the following Business Day, an additional amount of Collateral the Market Value of which, together with the Market Value of all previously delivered collateral, equals at least the Margin Percentage of the Market Value of the Loaned Securities as of such preceding day. In the event that the Market Value of the Collateral exceeds the Margin Percentage of the Market Value of the Loaned Securities, part of the Collateral may be returned to the Borrower as long as the Market Value of the remaining Collateral equals at least the Margin Percentage of the Market Value of the Loaned Securities.