Resuming access Clause Samples

Resuming access. Except in circumstances where the Operator has issued a termination notice under clause 20.4, the Operator must permit a Member to resume access to and use of the Trading System as soon as reasonably practicable after the Operator is reasonably satisfied that:

Resuming access. Except in circumstances where the Operator has issued a termination notice under clause 20.4, the Operator must permit a Member to resume access to and use of the Trading System as soon as reasonably practicable after the Operator is reasonably satisfied that: the circumstances giving rise to the Trading Halt no longer apply; or the circumstances, acts or omissions giving rise to the Trading Halt do not warrant continued suspension, and the Member has made reasonable arrangements to ensure that similar circumstances, acts or omissions will not reoccur. The Operator must notify the Member of the date and time at which a Trading Halt ends. The Operator may, in accordance with the Settlements and Prudential Methodology, recalculate the Prudential Exposure of a Trading Participant at the commencement of a Trading Halt. Default and termination Default Events (Market Participants) Each of the following events is a Default Event in relation to a Market Participant (as applicable): the Market Participant does not pay an amount due for payment by it to the Operator under this agreement, or fails to comply with a Margin Call in accordance with clause 9.4.2, by the appointed time on the due date; the Operator does not receive payment in full of any amount claimed by the Operator under any Credit Support in respect of the Market Participant, within 90 minutes after the due time for payment of that claim; the Market Participant admits to the AER that it has breached, or is declared by a court to have breached, the Market Conduct Rules, and the Operator reasonably considers that: the breach is ongoing and is likely to have a material adverse effect on trading on the Exchange; and the Market Participant is unlikely to remedy or remove the circumstances leading to that breach within a reasonable period of time; the Market Participant ceases to meet the criteria for registration in the relevant participation category under clause 6; a representation made or repeated or deemed to have been made or repeated by the Market Participant under clause 23.2 and 23.3 of this agreement proves to have been incorrect or misleading in any material respect when made or repeated or deemed to have been made or repeated; the Market Participant or its Credit Support Provider ceases or is likely to cease to carry on its business or a substantial part of its business; the Market Participant or its Credit Support Provider enters into or takes any action to enter into an arrangement (including a...