Valuation of Collateral. Securities Intermediary shall provide view only access to its systems to Secured Party for the purpose of communicating data as to the Reserve Account as of that date.
Valuation of Collateral. A. The securities must be valued weekly, marked-to-market at current market price plus accrued interest
Valuation of Collateral. The Collateral Agent shall determine 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 substitution of U.S. Government Securities or Cash Equivalents for pledged Common Stock or Reported Securities pursuant to paragraph (b) of this Section 6, shall determine the Pledge Value on each Business Day and shall provide written notice of the Pledge Value to the Pledgor.
Valuation of Collateral. Collateral provided in accordance with this Agreement shall be evaluated by reference to the following, or by such means as the Parties may from time to time agree:-
Valuation of Collateral. The Carveout Obligor waives any right to assert that the amount paid for the Property at a lawfully conducted judicial or non-judicial foreclosure sale is less than the value of the Property.
Valuation of Collateral. The securities must be valued weekly, marked-to-market at current market price plus accrued interest. The value of the collateral must be equal to at least 104% of the amount of cash transferred by the Trustee or custodian for the Trustee to the dealer bank or security firm under the repurchase agreement plus accrued interest. If the value of securities held as collateral slips below 104% of the value of the cash transferred by the Trustee plus accrued interest, then additional cash and/or acceptable securities must be transferred. If, however, the securities used as collateral are FNMA or FHLMC, then the value of collateral must equal at least 105%; and
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 Common Stock or 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.
Valuation of Collateral. (a) The Valuation Agent shall determine on the first Wednesday of each month (or if such day is not a Business Day, the following Business Day) (the date of such valuation being a "Valuation Date") (i) the amount of the Certificate B (inclusive of principal and exclusive of undistributed Earnings) as of the Valuation Date (the "Certificate Value"), and (ii) by obtaining values from the issuer of the Certificate B and at least one reputable broker of certificates of deposit, the fair market sales value of the Certificate B if sold as of the Valuation Date which fair market sales value shall be equal to the higher of the two values received (the "Sales Value"). Each such valuation of Certificate B by the Valuation Agent shall be binding on the Pledgor and the Pledgee, absent manifest error. On any Valuation Date, in the event that the Sales Value plus any Account Funds in the Collateral Account is less than the Certificate Value (a "Deficiency"), the Valuation Agent shall give written notice in such form as the Valuation Agent deems appropriate of such Deficiency within two (2) Business Days after the Valuation Date via (i) overnight mail or hand delivery and (ii) facsimile transmission, to each of the Pledgee, the Custodian and the Pledgor (a "Deficiency Notice"). Upon the written request of the Valuation Agent, approved in writing by SELCO, the frequency of the Valuation Date may be modified from time to time.
Valuation of Collateral. 10 Section 5.2. Substitution of Collateral.............................. 11 Section 5.3. Additional Collateral................................... 11 Section 5.4. Delivery of Collateral.................................. 12 Section 5.5. Insufficiency Determination............................. 13 Section 5.6. Release of Excess Collateral............................ 14 Section 5.7. Delivery of Contract Consideration...................... 14 Section 5.8. Investment of Cash Collateral........................... 15 3 ARTICLE VI INCOME AND VOTING RIGHTS ON COLLATERAL
Valuation of Collateral. Following election by Pledgor to substitute Eligible Cash Equivalents for Pledged Items pursuant to Section 5.2, the Collateral Agent shall determine as of 5:00 p.m., New York City time, on each Business Day following any such election whether the Pledge Value satisfies the Pledge Value Requirement and whether an Insufficiency Determination or Collateral Event of Default shall have occurred, and shall provide written notice of the Pledge Value and the Pledge Value Requirement, in the form of Exhibit A, to Pledgor.
