Common use of Supplemental Collateral Clause in Contracts

Supplemental Collateral. If MLMCI shall at any time determine with respect to a Loan that the Current Margin is less than the related Margin Requirement, MLMCI may in its discretion notify Assignor of such fact, and Assignor shall, on the day of such notice, if such notice is received prior to 10:00 a.m. New York City time, and on the Business Day next succeeding the day of such notice, if such notice is received after 10:00 a.m. New York City time, deliver to MLMCI cash or Supplemental Collateral acceptable to MLMCI in its sole reasonable judgment as Collateral hereunder, which cash shall be applied to reduce the principal balance of the related Loan and which Supplemental Collateral shall, in the aggregate, equal an amount such that, after giving effect to the application of such cash and the delivery of such Supplemental Collateral, the Current Margin for such Loan will be at least equal to the related Margin Requirement. Delivery of Supplemental Collateral pursuant to this Section 5(c) shall be in such manner as is acceptable to, and under such additional conditions as may be required by, MLMCI in its sole reasonable judgment.

Supplemental Collateral. If MLMCI shall at any time determine with respect to a Loan that the Current Margin is less than the related Margin Requirement, MLMCI may in its discretion notify Assignor of such fact, and Assignor shall, on the day of such notice, if such notice is received prior to 10:00 a.m. 1:00 p.m. New York City time, and on the Business Day next succeeding the day of such notice, if such notice is received after 10:00 a.m. 1:00 p.m. New York City time, deliver to MLMCI cash or Supplemental Collateral acceptable to MLMCI in its sole reasonable judgment as Collateral hereunder, which cash shall be applied to reduce the principal balance of the related Loan and which Supplemental Collateral shall, in the aggregate, equal an amount such that, after giving effect to the application of such cash and the delivery of such Supplemental Collateral, the Current Margin for such Loan will be at least equal to the related Margin Requirement. Delivery of Supplemental Collateral pursuant to this Section 5(c) shall be in such manner as is acceptable to, and under such additional conditions as may be required by, MLMCI in its sole reasonable judgment.