Common use of Valuation of Collateral Clause in Contracts

Valuation of Collateral. The Collateral Agent shall determine as of 4:00 p.m., New York City time, on each Business Day whether the Pledge Value is at least equal to the Pledge Value Requirement and whether an Insufficiency Determination or Collateral Event of Default shall have occurred and, from and after any Reorganization Event, Spin-Off Distribution or substitution of U.S. Government Securities for pledged Class A Common Stock or shares of Marketable Securities pursuant to Section 5.2, shall determine the Pledge Value and the Pledge Value Requirement on each Business Day and shall provide written notice of the Pledge Value and the Pledge Value Requirement, in the form of Exhibit A, to Pledgor.

Appears in 2 contracts

Samples: Collateral Agreement (Ameritrade Automatic Common Exchange Security Tr), Collateral Agreement (Tenth Automatic Common Exchange Security Trust)

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Valuation of Collateral. The Collateral Agent shall determine as of 4:00 p.m., New York City time, on each Business Day whether the Pledge Value is at least equal to the Pledge Value Requirement and whether an Insufficiency Determination or Collateral Event of Default shall have occurred and, from and after any Reorganization Event, Spin-Off Distribution or substitution of U.S. Government Securities for pledged Class A shares of Common Stock or shares of Marketable Securities pursuant to Section 5.2, shall determine the Pledge Value and the Pledge Value Requirement on each Business Day and shall provide written notice of the Pledge Value and the Pledge Value Requirement, in the form of Exhibit A, to Pledgor.

Appears in 2 contracts

Samples: Collateral Agreement (2009 Dole Food Automatic Common Exchange Security Trust), Collateral Agreement (Murdock David H)

Valuation of Collateral. The Collateral Agent shall determine as of 4:00 p.m., New York City time, on each Business Day Day, whether the Pledge Value is at least equal to the Pledge Value Requirement and whether an Insufficiency Determination or Collateral Event of Default shall have occurred and, from and after any Adjustment Event, Reorganization Event, Spin-Off Distribution or substitution of U.S. Government Treasury Securities for pledged Class A shares of Common Stock or shares of Marketable Securities and/or other Reference Property pursuant to Section 5.2, shall determine the Pledge Value and the Pledge Value Requirement on each Business Day and shall provide written notice of the Pledge Value and the Pledge Value Requirement, in the form of Exhibit A, to Pledgor.

Appears in 1 contract

Samples: Collateral Agreement (Mandatorily Exchangeable Securities Trust)

Valuation of Collateral. The Collateral Agent shall determine as of 4:00 p.m., New York City time, on each Business Day whether the Pledge Value is at least equal to the Pledge Value Requirement and whether an Insufficiency Determination or Collateral Event of Default shall have occurred and, from and after any Reorganization Event, Spin-Off Distribution or substitution of U.S. Government Securities for pledged Class A Common Stock Ordinary Shares or shares of Marketable Securities pursuant to Section 5.2, shall determine the Pledge Value and the Pledge Value Requirement on each Business Day and shall provide written notice of the Pledge Value and the Pledge Value Requirement, in the form of Exhibit A, to Pledgor.

Appears in 1 contract

Samples: Collateral Agreement (Amdocs Automatic Common Exchange Security Trust)

Valuation of Collateral. The Collateral Agent shall determine as of 4:00 p.m., New York City time, on each Business Day whether the Pledge Value is at least equal to the Pledge Value Requirement and whether an Insufficiency Determination or Collateral Event of Default shall have occurred and, from and after any Reorganization Event, Spin-Off Distribution or substitution of U.S. Government Securities for pledged Class A Common Stock or shares of Marketable Securities pursuant to paragraph (b) of this Section 5.26, shall determine the Pledge Value and the Pledge Value Requirement on each Business Day and shall provide written notice of the Pledge Value and the Pledge Value Requirement, in the form of Exhibit A, to the Pledgor.

Appears in 1 contract

Samples: Collateral Agreement (Estee Lauder Automatic Common Exchange Security Trust)

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Valuation of Collateral. The Collateral Agent shall determine as of 4:00 p.m., New York City time, on each Business Day whether the Pledge Value is at least equal to the Pledge Value Requirement and whether an Insufficiency Determination or Collateral Event of Default shall have occurred and, from and after any Reorganization Event, Spin-Off Distribution Distribution, event or occurrence giving rise to a Dilution Adjustment of substitution of U.S. Government Securities for pledged Class A shares of Common Stock or shares of Marketable Securities pursuant to Section 5.2, shall determine the Pledge Value and the Pledge Value Requirement on each Business Day and shall provide written notice of the Pledge Value and the Pledge Value Requirement, in the form of Exhibit A, to Pledgor.

Appears in 1 contract

Samples: Collateral Agreement (2010 Swift Mandatory Common Exchange Security Trust)

Valuation of Collateral. The Collateral Agent shall determine as of 4:00 p.m., New York City time, on each Business Day whether the Pledge Value is at least equal to the Pledge Value Requirement and whether an Insufficiency Determination or Collateral Event of Default shall have occurred and, from and after any Reorganization Event, Spin-Off Distribution or substitution of U.S. Government Securities for pledged shares of Class A Common Stock or shares of Marketable Securities pursuant to Section 5.2, shall determine the Pledge Value and the Pledge Value Requirement on each Business Day and shall provide written notice of the Pledge Value and the Pledge Value Requirement, in the form of Exhibit A, to Pledgor.

Appears in 1 contract

Samples: Collateral Agreement (Eleventh Automatic Common Exchange Security Trust)

Valuation of Collateral. The Collateral Agent shall determine as of 4:00 p.m., New York City time, on each Business Day whether the Pledge Value is at least equal to the Pledge Value Requirement and whether an Insufficiency Determination or Collateral Event of Default shall have occurred and, from and after any Reorganization Event, Spin-Off Distribution or substitution of U.S. Government Securities for pledged Class A Common Stock or shares of Marketable Securities pursuant to paragraph (b) of this Section 5.26, shall determine the Pledge Value and the Pledge Value Requirement on each Business Day and shall provide written notice of the Pledge Value and the Pledge Value Requirement, in the form of Exhibit A, to the Pledgor.

Appears in 1 contract

Samples: Collateral Agreement (Estee Lauder Automatic Common Exchange Security Trust Ii)

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