Examples of Currency Participant in a sentence
With respect to any Foreign Currency Participant, the Foreign Currency Fronting Bank will make such Foreign Currency Participant’s Revolving Commitment Percentage of each applicable Foreign Currency Loan on behalf of such Foreign Currency Participant for the account of the applicable Borrower, in the applicable Foreign Currency (each such Foreign Currency Loan a “Fronted Foreign Currency Loan”).
If such amount is not in fact made available to the Foreign Currency Fronting Bank by any Foreign Currency Participant, the Foreign Currency Fronting Bank shall be entitled to recover such amount on demand from such Foreign Currency Participant, together with accrued interest thereon for each day from the date of demand thereof, at the Federal Funds Rate if paid within two Business Days of the date of demand thereof, and thereafter at a rate equal to the Alternate Base Rate.
If and to the extent that there are Auction Losses outstanding following the attribution process referred to in Regulation 204(b)(v)(D) above, those remaining Auction Losses will be allocated to the Original Contributions of each Clearing Member who is not a Currency Participant in any of the Losing Currencies based upon the proportion that (x) the value of each such Original Contribution bears to (y) the aggregate of the amounts calculated in (x) for each of such Clearing Members.
If and to the extent that there are Auction Losses outstanding following the attribution process referred to in Regulation 204(b)(v)(G) above, those remaining Auction Losses will be allocated to the Unfunded Contributions of each Clearing Member who is not a Currency Participant in any of the Losing Currencies based upon the proportion that (x) the value of each such Unfunded Contribution bears to (y) the aggregate of the amounts calculated in (x) for each of such Clearing Members.
If such amount is not in fact made available to the Foreign Currency Fronting Bank by any Foreign Currency Participant, the Foreign Currency Fronting Bank shall be entitled to recover such amount on demand from such Foreign Currency Participant, together with accrued interest thereon for each day from the date of demand thereof, at the Federal Funds Rate if paid within two Business Days of the date of demand thereof, and thereafter at a rate equal to the Base Rate.
As a consequence of this, the matching Glucocard X-Meter results were excluded for accuracy and trueness calculations.
Currency: Participant understands that, any amounts related to the Option will be denominated in U.S. dollars and will be converted to any local currency using a prevailing exchange rate in effect at the time such conversion is performed, as determined by the Company.
The Clearing Member agrees to use all reasonable efforts to make a bid in an Auction for an Auction Portfolio in respect of which such Clearing Member is a Currency Participant.
In the event Fronting Lender receives a payment with respect to any Foreign Currency Loan in which Foreign Currency Participations have been purchased and as to which the purchase price has been requested by Fronting Lender and delivered by a Foreign Currency Participant as provided in this subsection 2.1A(v), Fronting Lender shall promptly distribute to such Foreign Currency Participant its Pro Rata Share of such payment.
Development and implementation costs, for the Commission and insurers, may also be lower because greater reliance can be placed on existing models and resources within the Solvency II sphere, whether these are made available by European authorities, group entities or third party service providers.An approach replicating Solvency II, however, may not be appropriate or desirable for the local insurance sector.