Block Trade definition

Block Trade means an offering and/or sale of Registrable Securities by any Holder on a block trade or underwritten basis (whether firm commitment or otherwise) without substantial marketing efforts prior to pricing, including, without limitation, a same day trade, overnight trade or similar transaction.

Block Trade shall have the meaning given in Section 2.4.1.

Block Trade means a single Swap transaction publicly reportable under Part 43 of the CFTC Regulations that:

Examples of Block Trade in a sentence

• The SDR will be responsible for delaying the public dissemination of swap transaction and pricing data relating to any Block Trade in accordance with the timeframe set forth in Part 43 of CFTC Regulation and Applicable Law.

• The trade details reported to the DCM Trading System or the SEF Trading System, as applicable, must include the execution time, which is the time at which the parties agreed to the terms of the Block Trade prior to entry of the trade details into the DCM Trading System or the SEF Trading System.

• The price at which a Block Trade is executed must be fair and reasonable in light of (i) the size of the Block Trade, (ii) the prices and sizes of other transactions in the same Contract at the relevant time, (iii) the prices and sizes of transactions in other relevant markets, including the related swap markets, at the relevant time, and (iv) the circumstances of the markets or the principal counterparties to the Block Trade.

• For the purposes of this Rule, a Block Trade is reported to the Exchange upon: (1) the entry of the trade details of the Block Trade by one party into the DCM Trading System, or the SEF Trading System; and (2) an affirmation of the terms of the Block Trade by the other party through the DCM Trading System or SEF Trading System, as applicable.

• Parties to a Block Trade must ensure that its details are reported to the DCM Trading System or the SEF Trading System, as applicable, as soon as technologically practicable after execution.

More Definitions of Block Trade

Block Trade has the meaning set forth in Section 2.3.

Block Trade means any non-marketed underwritten takedown offering taking the form of a bought deal or block sale to a financial institution.

Block Trade means an Underwritten Offering not involving any “road show” which is commonly known as a “block trade.”

Block Trade means a publicly reportable swap transaction that:

Block Trade means a privately negotiated transaction in a Swap of the type and exceeding the minimum quantity set forth in Rule 601.

Block Trade means a Swap that: (i) has a notional or principal amount at or above the Appropriate Minimum Block Size applicable to such Swap; (ii) is executed pursuant to the SEF Rules and (x) in the case of an Uncleared Block Trade, occurs away from a SEF trading system or platform or (y) in the case of a Cleared Block Trade, is executed on a non-Order Book trading system or platform of the SEF in accordance with Rule 4016(j); and (iii) is a publicly reportable swap transaction that is reported subject to the SEF Rules and procedures of the SEF and Part 43 of the CFTC Regulations.

Block Trade means any non-marketed underwritten offering taking the form of a block trade to a financial institution, QIB or Institutional Accredited Investor, bought deal, over-night deal or similar transaction that does not include “road show” presentations to potential investors requiring substantial marketing effort from management over multiple days, the issuance of a “comfort letter” by the Company’s auditors, and the issuance of legal opinions by the Company’s legal counsel.