Maintenance Value definition

Maintenance Value means, on any day, (i) with respect to Cash, 100% of the face value thereof, (ii) with respect to U.S. Treasuries with a remaining maturity of less than one year, 98% of the face value thereof; (iii) with respect to U.S. Treasuries with a remaining maturity of between one and ten years, 93% of the face value thereof; and (iv) with respect to U.S. Treasuries with a remaining maturity of more than ten years, 80% of the face value thereof.
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Maintenance Value of Eligible Collateral means, at any time, the sum of the amounts obtained by multiplying the aggregate Value of each type of Eligible Collateral maintained in the Securities Account and Cash Collateral Account at such time by a percentage "(the "Maintenance Percentage") applicable to such type of Eligible Collateral. The Maintenance Percentage for each type of asset constituting Eligible Collateral shall be determined (and may be changed) by the Bank from time to time in its discretion. Collateral which does not constitute "Eligible Collateral" shall have no Maintenance Value.
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Maintenance Value means a dollar amount equal to the sum of the product obtained by multiplying the Value of all Eligible Collateral by the applicable percentage determined by the Bank in its discretion from time to time, in accordance with its standard policies and procedures (the “Margin Percentage”).
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Examples of Maintenance Value in a sentence

  • In the event the Mortgagor is unable to comply with the Pledge Account Maintenance Value requirements, the Pledge Holder can perform a margin call.

  • The Pledge Holder is responsible for managing the Pledge Account, which includes making a determination as to the types of assets or accounts the Mortgagor may pledge, as well as the Pledge Account Set-Up Value and Pledge Account Maintenance Value.

  • In the event that the value of the Pledge Account is reduced below the Pledge Account Maintenance Value, the Pledge Holder will require the Mortgagor to add funds to the Pledge Account.

  • Immediately after giving effect to any request for an advance hereunder, the sum of (x) the outstanding principal amount of the Loan (including the Dollar Equivalent of any portion of the Loan denominated in a currency other than U.S. Dollars) plus (y) the aggregate amount of L/C Exposure, if any, shall not exceed the lesser of (i) the Collateral Maintenance Value and (ii) the Maximum Facility Amount.

  • When providing upgrades to any End User that has not purchased Maintenance, Value Added Reseller shall collect satisfactory proof of such End Users ownership of IntellAgent Control Corporation Products.

  • Borrower will, immediately upon demand, repay the amount by which the unpaid principal amount of Revolving Credit Loans exceeds the amount CNB has agreed to lend under Section 2.1, using the Maintenance Value to determine the Borrowing Base.

  • Borrower shall have delivered, or shall have caused to be delivered, Shares with a value of at least $1,500,000 or such greater amount as is necessary to ensure that the aggregate amount of the initial Loan shall not exceed the Collateral Maintenance Value.

  • Pursuant to the terms of the Loan Documents, certain terms (including the Collateral Maintenance Value, the Demand Rate and/or the Fixed Rate) are subject to change from time to time.

  • Lender shall be satisfied, in its sole discretion, that after giving effect to the requested advance, (i) Borrower is in compliance with Section 5.3, (ii) the sum of (A) the aggregate amount of the Loan then outstanding plus (B) the aggregate amount of L/C Exposure, if any, would not exceed the Collateral Maintenance Value, and (iii) the sum of (A) the aggregate amount of the Loan then outstanding plus (B) the aggregate amount of L/C Exposure, if any, would not exceed the Maximum Facility Amount.