CGML definition
Examples of CGML in a sentence
Cactus II and CGML, represented by CGMI as its agent, have entered into a Securities Sale and Repurchase Agreement, dated as of May 30, 2014, as amended by the Amended & Restated Swift Transportation Company Prepaid Variable Share Forward Commitment Letter, Waiver and Amendment Agreement, dated as of October 7, 2015, between Cactus II, CGML, represented by CGMI as agent, ▇▇▇▇▇ ▇.
The parties agree that Annex IV shall not apply to any Transaction solely by reason of CGM acting as agent for CGML in accordance with this Agreement.
The notes issued were primarily for sale to private banking clients of Citigroup Global Markets Limited ("CGML"), the Company's parent, and affiliates.
The Company is not subject to any externally imposed capital requirements and is dependent on CGML to provide necessary capital resources which are therefore managed on a group basis.
These include short term loans provided by CGML to enable the Company to meet its short term liquidity requirements, cash and cash equivalent balances deposited with affiliated undertakings, as well as structured notes purchased, which are offsetting transactions to the structured notes issued by the Company, as further described in Note 9.
Cactus II and CGML have entered into a Securities Sale and Repurchase Agreement, dated as of May 30, 2014, between CGML, represented by CGMI as its agent, as amended by the Amended & Restated Swift Transportation Company Prepaid Variable Share Forward Commitment Letter, Waiver and Amendment Agreement, dated as of October 7, 2015, between Cactus II, CGML, represented by CGMI as agent, ▇▇▇▇▇ ▇.
Manager Control Assessments are in place for all the major business lines and control areas impacting CGML In relation to the above-mentioned risks we also refer to Note 15 of the Financial Statements as at 31December 2013.
Cactus II and CGML, represented by CGMI as its agent, intend to terminate in full the Repurchase Agreement, upon payment of the Repurchase Agreement Termination Amount (as defined below).
Notwithstanding the foregoing, no consent is required for (a) an assignment or other transfer by a Party of this Agreement and the Transactions hereunder as part of a merger, reorganization or consolidation involving such Party, or (b) the assignment of this Agreement and the Transactions hereunder from CGML to its Affiliate Citigroup Energy Inc., provided that such entity has a creditworthiness equal to that of the assignor, as determined by Seller in its commercially reasonable discretion.
It is the Company’s objective to reduce its risk exposure with regards to market, liquidity and credit risk to a minimum by entering into offsetting transactions with CGML to maintain a sufficient capital base to support the development of its business and to meet statutory capital requirements at all times.