Credit Derivatives Determinations Committees Sample Clauses

Credit Derivatives Determinations Committees. Section 1.22 (Credit Derivatives Determinations Committees) will be deleted in its entirety and replaced with the following:
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Credit Derivatives Determinations Committees. Credit Derivatives Determinations Committees" means the committees established by the Fixed Income Money Market and Derivatives Association of India ("FIMMDA") (or any other entity as nominated by RBI from time to time) for purposes of reaching certain DC Resolutions in connection with Credit Derivative Transactions, as more fully described in the Credit Derivatives Determinations Committees Rules, as published by FIMMDA (or any other entity as nominated by RBI from time to time) from time to time and as amended from time to time in accordance with the terms thereof (the "Rules")." All references in the Credit Derivatives Definitions to ISDA making a public announcement in respect of the Credit Derivatives Determinations Committee or otherwise acting in connection with the Credit Derivatives Determinations Committee will be deemed to be references to FIMMDA (or any other entity as nominated by RBI from time to time) acting in the equivalent capacity. All references in the Credit Derivatives Definitions to the term "Greenwich Mean Time" will be deleted and replaced with the term "Indian Standard Time".
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Credit Derivatives Determinations Committees. Credit Derivatives Determinations Committees" means the committees established by the Fixed Income Money Market and Derivatives Association of India (“FIMMDA”) for purposes of reaching certain DC Resolutions in connection with Credit Derivative Transactions, as more fully described in the [Credit Derivatives Determinations Committees Rules], as published by [FIMMDA] [on its website at [] (or any successor website thereto)] from time to time and as amended from time to time in accordance with the terms thereof (the "Rules").” All references in the Credit Derivatives Definitions to ISDA making a public announcement in respect of the Credit Derivatives Determinations Committee or otherwise acting in connection with the Credit Derivatives Determinations Committee will be deemed to be references to FIMMDA acting in the equivalent capacity.] [The Credit Derivatives Definitions use Greenwich Mean Time as the timing benchmark in respect of the period during which a Credit Event and Succession Event may occur. Given that the CDS market will be domestic, consider changing the benchmark to be Mumbai time.] [NB - notwithstanding that Auction Settlement is not applicable, where a Restructuring Credit Event occurs, we have retained the flexibility for Buyer/Seller to determine whether to trigger the protection. Pls confirm that this is the intended approach. ]
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Credit Derivatives Determinations Committees. Credit Derivatives Determinations Committees" means the committees established by the Fixed Income Money Market and Derivatives Association of India (“FIMMDA”) for purposes of reaching certain DC Resolutions in connection with Credit Derivative Transactions, as more fully described in the [Credit Derivatives Determinations Committees Rules], as published by [FIMMDA] [on its website at [] (or any successor website thereto)] from time to time and as amended from time to time in accordance with the terms thereof (the "Rules").” All references in the Credit Derivatives Definitions to ISDA making a public announcement in respect of the Credit Derivatives Determinations Committee or otherwise acting in connection with the Credit Derivatives Determinations Committee will be deemed to be references to FIMMDA acting in the equivalent capacity.]
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Related to Credit Derivatives Determinations Committees

  • Advisory Committees The Board may appoint Advisory Committees to review design review applications, or provide input on other issues of concern to the Board or the Commission. These Advisory Committees include, but are not necessarily limited to, the following:

  • Committee Determination Any adjustments or other action pursuant to this Section 4 shall be made by the Committee, and the Committee's determination as to what adjustments shall be made or actions taken, and the extent thereof, shall be final and binding.

  • Independent Credit Decisions Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or related agreement or any document furnished hereunder or thereunder.

  • Sub-Committees 15.1 The Joint Committee shall establish the membership and terms of reference for any sub-committees or sub-groups which it establishes and may dissolve such sub-committees or sub-groups. Sub-committees to which the Joint Committee delegates functions are bound by the provisions of this Agreement regulating the taking of decisions by the Joint Committee. The Joint Committee may create additional sub-committees from time to time as it sees fit.

  • Nurse Representatives & Grievance Committee (a) The Hospital agrees to recognize Association representatives to be elected or appointed from amongst nurses in the bargaining unit for the purpose of dealing with Association business as provided in this Collective Agreement. The number of representatives and the areas which they represent are set out in the Appendix of Local Provisions.

  • Independent Credit Decision The Assignee (a) acknowledges that it has received a copy of the Credit Agreement and the Schedules and Exhibits thereto, together with copies of the most recent financial statements of the Borrower, and such other documents and information as it has deemed appropriate to make its own credit and legal analysis and decision to enter into this Assignment and Acceptance; and (b) agrees that it will, independently and without reliance upon the Assignor, the Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit and legal decisions in taking or not taking action under the Credit Agreement.

  • Certain Determinations For purposes of determining whether and the extent to which the Total Payments will be subject to the Excise Tax: (i) no portion of the Total Payments the receipt or enjoyment of which the Executive shall have waived at such time and in such manner as not to constitute a “payment” within the meaning of Section 280G(b) of the Code will be taken into account; (ii) no portion of the Total Payments will be taken into account which, in the opinion of tax counsel (“Tax Counsel”) reasonably acceptable to the Executive and selected by the Accounting Firm, does not constitute a “parachute payment” within the meaning of Section 280G(b)(2) of the Code (including by reason of Section 280G(b)(4)(A) of the Code) and, in calculating the Excise Tax, no portion of such Total Payments will be taken into account which, in the opinion of Tax Counsel, constitutes reasonable compensation for services actually rendered, within the meaning of Section 280G(b)(4)(B) of the Code, in excess of the “base amount” (as set forth in Section 280G(b)(3) of the Code) that is allocable to such reasonable compensation; and (iii) the value of any non-cash benefit or any deferred payment or benefit included in the Total Payments will be determined by the Accounting Firm in accordance with the principles of Sections 280G(d)(3) and (4) of the Code. The Executive and the Company shall furnish such documentation and documents as may be necessary for the Accounting Firm to perform the requisite calculations and analysis under this Section 6 (and shall cooperate to the extent necessary for any of the determinations in this Section 6(c) to be made), and the Accounting Firm shall provide a written report of its determinations hereunder, including detailed supporting calculations. If the Accounting Firm determines that aggregate Total Payments should be reduced as described above, it shall promptly notify the Executive and the Company to that effect. In the absence of manifest error, all determinations by the Accounting Firm under this Section 6 shall be binding on the Executive and the Company and shall be made as soon as reasonably practicable and in no event later than 15 days following the later of the Executive’s date of termination of employment or the date of the transaction which causes the application of Section 280G of the Code. The Company shall bear all costs, fees and expenses of the Accounting Firm and any legal counsel retained by the Accounting Firm.

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  • Negotiations Committee H.3 At all negotiations meetings with the Employer representatives for a renewal of this Agreement, the Union may be represented by a negotiations committee composed of five (5) bargaining unit members. No deduction from the regular pay of such Employees will be made for attendance at such meetings with the Employer’s representatives held during the Employee's regular working hours. The Union has the right to have up to an additional five (5) members, including Union Officers, on the Negotiating Committee at no cost to the Employer.

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