Common use of Posted Collateral Clause in Contracts

Posted Collateral. shall each be expressed in US Dollars. If any of these items are expressed in a currency other than US Dollars, then they shall be converted into US Dollar amounts at the spot exchange rate determined by the Valuation Agent on that Valuation Date.

Appears in 19 contracts

Sources: Isda Master Agreement (SLM Private Credit Student Loan Trust 2006-A), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Nc5), 1992 Isda Master Agreement (Sast 2007-2)