Approved Participant definition

Approved Participant is defined in Section 12.2(c).

Approved Participant means any Person to whom a participation is sold pursuant to Section 10.03(e) with the approval of the Borrower Representative and written approval of the Administrative Agent (in each case, such approval not to be unreasonably withheld); provided that any Person to whom a participation is sold pursuant to Section 10.03(e) when an Event of Default has occurred and is continuing shall be an Approved Participant. An Approved Participant (in place of the related Assigning Lender) shall be deemed to be a “Lender” for purposes of the definitions of “Majority Lenders” and “Supermajority Lenders” and Section 10.01 to the extent a related Assigning Lender assigns its voting rights to such Approved Participant in connection with the participation.

Approved Participant means an approved participant of the Bourse, whose name is duly recorded as such on the register referred to in article 3010 of the Rules of the Bourse and who has been approved by the Bourse pursuant to its Rules for the purpose of trading products listed on the Bourse;

Examples of Approved Participant in a sentence

• Although Approved Participants generally should purchase or sell all of the components of the index, an Approved Participant need not obtain any component security due to restrictions on the purchase or sale of the commodity by the Approved Participant or the customer, the unavailability of the component in the market due to a trading halt, illiquidity or other market conditions.

• Records related to the transaction must be provided to the Bourse upon request and it is the responsibility of the Approved Participant to obtain and provide on a timely basis records of their clients as requested by the Bourse.

• A customer must consent to the Approved Participant engaging in prearranging communications on the customer’s behalf.

• Upon request, the Approved Participant shall provide evidence that the block trade transaction has been effected in accordance with these Rules.

• Foreign Approved Participant means an approved participant approved as such by the Bourse, pursuant to article 3004 of the Rules.

More Definitions of Approved Participant

Approved Participant means any Person to whom a participation is sold pursuant to Section 10.03(e) with the approval of the Borrower Representative and the Administrative Agent (in each case, such approval not to be unreasonably withheld); provided that no consent of the Borrower Representative shall be required if an Event of Default has occurred and is continuing. An Approved Participant shall be deemed to be a “Lender” for purposes of the definitions of “Majority Lenders”, “Thirty-Three Percent Lenders”, “Supermajority Lenders”, “Eighty-Five Percent Lenders” and Section 10.01 to the extent a related Assigning Lender assigns its voting rights to such Approved Participant in connection with the participation.

Approved Participant means any Person to whom a participation is sold pursuant to Section 10.03(e) with the approval of the Borrower Representative and the Administrative Agent (in each case, such approval not to be unreasonably withheld); provided that no consent of the Borrower Representative shall be required if an Event of Default has occurred and is continuing. An Approved Participant shall be deemed to be a “Lender” for purposes of the definition of “Majority Lenders” and Section 10.01 to the extent a related Assigning Lender assigns its voting rights to such Approved Participant in connection with the participation.

Approved Participant means an individual who is a participant in the SBEC Program either as a Starter Company Plus Initiative Approved Participant or a Summer Company Initiative Approved Participant.

Approved Participant means both Approved Participant and Foreign Approved Participant, as defined under the Rules;

Approved Participant refers to a firm or other person that has entered into an agreement with the Company to access the trading facilities of its markets;

Approved Participant means any Person to whom a participation is sold pursuant to Section 10.03(e) with the approval of the Administrative Agent (such approval not to be unreasonably withheld); provided that any Person to whom a participation is sold pursuant to Section 10.03(e) when an Event of Default has occurred and is continuing shall be an Approved Participant. An Approved Participant (in place of the related Assigning Lender) shall be deemed to be a “Lender” for purposes of the definition of “Majority Lenders” and Section 10.01 to the extent a related Assigning Lender assigns its voting rights to such Approved Participant in connection with the participation.

Approved Participant means Calyon New York Branch.