Required Value definition
Required Value shall have the meaning set forth in Section 3.1.
Required Value means at any date, with respect to any Loan, an amount equal to at least 102% of the then current Market Value of the relevant Loaned Securities which are the subject of that Loan as of the close of trading on the preceding Business Day, except in the case of certain discounted securities at or approaching maturity, for which “Required Value” shall mean, with respect to any Loan, an amount equal to at least 100% of the par value of the relevant Loaned Securities.
Required Value means, with respect to any Loan, an amount equal to at least 100% of the par value of the relevant Loaned Securities.
Examples of Required Value in a sentence
For the avoidance of doubt, the Agents and the Security Agent are under no obligation to check that the Collateral Value or the Required Value is correct.
More Definitions of Required Value
Required Value has the meaning ascribed to it in the Charge Agreement.
Required Value means the Market Value of all the Borrowed Securities outstanding to a Borrower plus any additional margin as agreed upon between Agent and the Borrower.
Required Value means US$100 or, if Pricing Level V applies, such other amount as is determined in accordance with the Agreement and notified from time to time by the Security Trustee to the Custodian; and
Required Value means, at any time, the Outstanding Facility Amount (taking into account, where applicable, any Proposed Loan).
Required Value means, from time to time, an amount equal to 150% of the aggregate of (i) Outstanding Amounts due under this Agreement and (ii) the outstanding principal balance of the Private Placement Bonds.
Required Value means, as of any date of determination, the following percentage of the Market Value of the Loaned Securities: (a) in the case of Foreign Securities, 105%; and (b) in the case of all other Loaned Securities, 102%.
Required Value has the meaning given to it in paragraph 18.6(a) of Part I of Schedule 6 (Borrowing Base).