Auction Unit definition

Auction Unit means one unit or several identically composed units of DM Auction Transactions of the relevant applicable Liquidation Group (or, in consultation with the relevant DMC(s), parts thereof), as specified by Eurex Clearing AG for each DM Auction after consultation with the relevant DMC(s) (the “Auction Units” or each an “Auction Unit”). If the relevant DM Auction Transactions qualify as OTC Interest Rate Derivative Transactions, DM Auctions will be conducted with regard to one Auction Unit per currency in which the relevant DM Auction Transactions are denominated. Each Auction Unit will generally consist of all DM Auction Transactions denominated in the same currency.
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Auction Unit means one unit of DM Auction Transactions of the relevant applicable Liquidation Group, as specified by Eurex Clearing AG after consultation with the relevant DMC(s).
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Examples of Auction Unit in a sentence

  • Clearing Conditions) for the Minimum Auction Unit Number under each DM Auction to which it was invited by Eurex Clearing AG.

  • If two or more Participating Bidders and/or Representing Participating Bidders enter the same Bid for the same Auction Unit, the winning Bid shall be the Bid that was received first by Eurex Clearing AG.

  • Each Auction Unit will generally consist of all DM Auction Transactions denominated in the same currency.

  • After the Expiration Time, Eurex Clearing AG will determine the winning Bid for each Auction Unit in accordance with the Auction Format specified in the Specific Terms and will inform the winning Participating Bidder or Representing Participating Bidder on the Acceptance Date and at the Acceptance Time about the acceptance of the respective Bid in accordance with Number 11.

  • The Mandatory Bid qualifies as “ Insufficient Bid”, if the difference between such Mandatory Bid and the winning Bid with respect to the relevant Auction Unit (the “Insufficent Bid Threshold”) is larger than the product of (i) 1.5 and (ii) the Auction Unit Margin Amount.

  • Each Mandatory Participant that participates in a DM Auction in accordance with Number 3.1, each Clearing Member, FCM Clearing Member or Basic Clearing Member that participates in a DM Auction in accordance with this Number 3.2 and each Selected Auction Participant (as defined in Number 4.3.3 Paragraph (2) of the FCM Default Rules) is, upon the submission of its Bid with regard to a specific Auction Unit, herein referred to as a “Participating Bidder”.

  • If the relevant DM Auction Transactions qualify as OTC Interest Rate Derivative Transactions, DM Auctions will be conducted with regard to one Auction Unit per currency in which the relevant DM Auction Transactions are denominated.

  • Selected Invitees (except for Clearing Members and FCM Clearing Members pursuant to Number 3.2.1 (i) and Basic Clearing Members pursuant to Number 3.2.1 (ii)) are only entitled to participate in DM Auctions via their relevant Clearing Member and FCM Clearing Member, as applicable; each such Clearing Member and FCM Clearing Member, as applicable, is, upon the submission of a Bid for a Selected Invitee with regard to a specific Auction Unit, herein referred to as a “Representing Participating Bidder”).

  • The Mandatory Bid qualifies as “ Medium Bid”, if the difference between such Mandatory Bid and the winning Bid with respect to the relevant Auction Unit is (i) larger than the Sufficient Bid Threshold and (ii) equal to or smaller than the Insufficient Bid Threshold.

  • Information Only- University of Nevada, Reno, Performance Metrics (Agenda Item #20) – continuedRegent Wixom said state funding is not sufficient to achieve the level of RU/VH.

Related to Auction Unit

  • Auction Final Price means the relevant auction final price that may be published by ISDA or any administrator of any auction coordinated by ISDA from time to time and that would be applicable to the senior, unsecured debt obligations issued or guaranteed by the relevant

  • Auction Date means the first Business Day preceding the first day of a Dividend Period.

  • Generation Unit means a facility that converts a fuel or an energy resource into electrical energy.

  • Production Unit means a facility for generation of electricity made up of a single generation unit or of an aggregation of generation units;

  • Auction shall have the meaning specified in Section 2.1 hereof.

  • Creation Unit means an aggregation of a specified number of Shares as stated in the Prospectus for the applicable Fund.

  • Auction Period means the dates during which the Test the Waters Auction is held and ending on the last day of the Test the Waters Auction.

  • Auction Amount has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Accumulation Unit is the unit of measure we use before the Income Date to keep track of the value of each Variable Sub-Account.

  • Diversion unit means any probation counselor who enters into

  • FTR Portfolio Auction Value means for each customer account of a Market Participant, the sum, calculated on a monthly basis, across all FTRs, of the FTR price times the FTR volume in MW.

  • Application Unit means such number of Units or whole multiples thereof as specified in this Prospectus or such other whole multiple of Units determined by the Manager, approved by the Trustee and notified to the Participating Dealers.

  • Dutch Auction means an auction (an “Auction”) conducted by Holdings or one of its Subsidiaries in order to purchase any Term Loans under a Tranche (the “Purchase”) in accordance with the following procedures or such other procedures as may be agreed to between the Administrative Agent and the Borrower:

  • Cogeneration unit means a unit that is able to operate in cogeneration mode;

  • Remarketing Fee has the meaning specified in Section 5.4(b)(i).

  • Project Coordination Unit or “PCU” means the unit referred to in Section II (1) of Schedule 4 to this Agreement;

  • Auction Rate means the rate of interest per annum that results from implementation of the Auction Procedures and is determined as described in Section 2.02(a)(iii)(B) of this Appendix A.

  • Auction Party has the meaning set forth in the definition of “Dutch Auction”.

  • Auction Manager shall have the meaning set forth in Section 2.19(a).

  • Market Monitoring Unit means the consulting or other professional services firm, or other similar entity, retained by the Board, as specified in Section 30.4.2 of Attachment O, that is responsible for carrying out the Core Market Monitoring Functions and the other functions that are assigned to it in Attachment O. The Market Monitoring Unit shall recommend Tariff and market rule changes, but shall not participate in the administration of the ISO’s Tariffs, except as specifically authorized in Attachment O.

  • Auction Agent means (a) the Administrative Agent or (b) any other financial institution or advisor employed by the Borrower (whether or not an Affiliate of the Administrative Agent) to act as an arranger in connection with any Discounted Term Loan Prepayment pursuant to Section 2.05(a)(v); provided that the Borrower shall not designate the Administrative Agent as the Auction Agent without the written consent of the Administrative Agent (it being understood that the Administrative Agent shall be under no obligation to agree to act as the Auction Agent); provided, further, that neither the Borrower nor any of its Affiliates may act as the Auction Agent.

  • Conditional Incremental Auction means an Incremental Auction conducted for a Delivery Year if and when necessary to secure commitments of additional capacity to address reliability criteria violations arising from the delay in a Backbone Transmission upgrade that was modeled in the Base Residual Auction for such Delivery Year.

  • Remarketing Settlement Date means (i) in the case of a Successful Optional Remarketing, (x) if the remarketed Notes are priced before 4:30 p.m. New York City time on the Optional Remarketing Date for such Successful Optional Remarketing, the third Business Day immediately following such Optional Remarketing Date and (y) otherwise, the fourth Business Day following the relevant Optional Remarketing Date, and (ii) in the case of a Final Remarketing, the Purchase Contract Settlement Date.

  • Incremental Auction means any of several auctions conducted for a Delivery Year after the Base Residual Auction for such Delivery Year and before the first day of such Delivery Year, including the First Incremental Auction, Second Incremental Auction, Third Incremental Auction or Conditional Incremental Auction. Incremental Auctions (other than the Conditional Incremental Auction), shall be held for the purposes of:

  • Timber Sale Account is an account maintained by Forest Service of all Pur- chaser’s deposits, credits, payment guarantees, and the charges for:

  • ACCUMULATION UNIT VALUE means the dollar value of each Accumulation Unit in a Separate Account on a given date. (If Investment Funds apply as described in Section 2.02, then the terms of this Section 2.03 apply separately to each Fund, unless otherwise stated.) Amounts allocated or transferred to a Separate Account are used to purchase Accumulation Units of that Account. Units are redeemed when amounts are deducted, transferred or withdrawn. The number of Accumulation Units in a Separate Account at any time is equal to the number of Accumulation Units purchased minus the number of Units redeemed in that Account up to that time. The number of Accumulation Units purchased or redeemed in a transaction is equal to the dollar amount of the transaction divided by the Account's Accumulation Unit Value for that Transaction Date.