Examples of Commonwealth instrumentality in a sentence
If an application for a Commonwealth information order relates to more than one Department or Commonwealth instrumentality, the court must not make the order in relation to more than one of them unless the court considers it should do so because of exceptional circumstances.
Securities held with Euroclear Bank would be recoverable in kind by the EB Participants in the event of bankruptcy proceedings (faillissement/faillite) or resolution measures affecting Euroclear Bank.
A Commonwealth information order does not require the records of the Department or Commonwealth instrumentality concerned to be searched for the information sought by the order more often than once every 3 months unless specifically so ordered by the court.
If the person (the official) to whom a Commonwealth information order applies provides another person (in accordance with the order) with information sought by the order, the official must, at the same time, provide the other person with any information about actual or threatened violence to the child concerned, to a parent of the child, or to another person with whom the child lives, that is in the records of the Department or Commonwealth instrumentality concerned.
Claims arising out of actions contemplated by or governed through these regulations shall be filed against the “Department of Public Works” or the other Commonwealth instrumentality which the Department has designated to carry out the action.Modified, 1 CMC § 3806(d), (f).History: Adopted 26 Com.
Nothing in subsection (1) empowers a court to order a person to make reparation to the Commonwealth, to a Commonwealth instrumentality or to another person in respect of any loss suffered, or any expense incurred, where a court has, under section 21B of the Crimes Act 1914, ordered the first‑mentioned person to make reparation to the Commonwealth, to the Commonwealth instrumentality or to that other person, as the case may be, in respect of the same loss suffered or expense incurred.
Section 201(d) alters the terms of Commonwealth instrumentality debt by empowering the Governor to suspend the transfer of funds pledged to secured creditors and redirect those funds to other creditors—thus impairing creditors by converting secured debt into unsecured debt.
Sections 201(a), (d), and (e) alter the terms of Commonwealth instrumentality debt by permitting the Governor to convert senior debt into junior debt.
Commonwealth instrumentality means a body or authority established for a public purpose by or under a law of the Commonwealth.
Perhaps most compelling, whenever the Puerto Rico Legislative Assembly has granted bonding authority to a Commonwealth instrumentality, both before and after ERS was authorized to incur private placement debt, it has done so expressly—using the word “bonds,” specifying that the bonds may be sold publicly or privately, and granting such authority as an addition to a general grant of authority to borrow money or incur debts.