ph 13. `Valuation Date" means each date specified in or otherwise determined pursuant to Paragraph 13. "Valuation Percentage means, for any item of Eligible Collateral, the percentage specified in Paragraph 13. "Validation Tina" has the meaning specified in Paragraph 13. "Value" means for any Valuation Date or oth

raph 13. "EaNation Date" means each date specified in or otherwise determined pursuant to Pamgraph 13. "Valuation Percentage means, for any item of Eligible Collateral, the percentage specified in Paragraph 13. "Valuation Time" has the meaning specified in Paragraph 13. "Vat means for any Valuation Date or other d

aph 13. "Valuation Date" means each date specified in or otherwise determined pursuant to Paragraph 13. "Valuadon Percentage means, for any item of Eligible Collateral, the percentage specified in Paragraph 13. "Valuation Time" has the meaning specified in Paragraph 13. "Value" means for any Valuation Date or othe

igible Collateral and Posted Collateral will be calculated as follows: (A) with respect to any Cash• the amount thereof; (B) with respect to any Eligible Collateral comprising securities; the sum of (aXx) the last bid price on such date for such securities on the principal national securities exchange on which

ndon, and (ii) in relation to a Transfer of Eligible Collateral, a day on which the clearance system agreed between the parties for the delivery of Eligible Collateral is open for acceptance and execution of settlement instructions (or in the case of a Transfer of Cash or other Eligible Collateral for which deliver

Eligible Collateral and Posted Collateral will be calculated as follows: (A) with respect to any Cash; the amount thereof; (B) with respect to any Eligible Collateral comprising securities; the sum of (a)(x) the last bid price on such date for such securities on the principal national securities exchange on whic