Examples of DC Secretary in a sentence
If the DC Secretary publicly announces, on or following the Trade Date, that the relevant Credit Derivatives Determinations Committee has Resolved that one or more Successors exist with respect to a Reference Entity, each such successor entity will be treated as a Successor for purposes of Section 2.2(n).
DCAS has been appointed by ISDA as the DC Secretary pursuant to the Rules.
For the avoidance of doubt, the No Auction Announcement Date shall be the date of the relevant announcement by the DC Secretary and not the date of any related determination by the Calculation Agent that such announcement relates to Transaction Auction Settlement Terms, Parallel Auction Settlement Terms or an Auction.
Once the relevant DC Credit Event Announcement or DC Credit Event Question Dismissal has occurred, the relevant timing requirements of the Credit Linked Conditions that have previously tolled or been suspended shall resume on the Business Day following such public announcement by the DC Secretary.
Each Participating Bidder agrees that (1) if the Open Interest is an offer to sell Deliverable Obligations, the Participating Bidder whose Initial Market Bid formed part of such Tradeable Market will pay the Adjustment Amount to the DC Secretary and (2) if the Open Interest is a bid to purchase Deliverable Obligations, the Participating Bidder whose Initial Market Offer formed part of such Tradeable Market will pay the Adjustment Amount to the DC Secretary.
Any payments of Adjustment Amounts shall be used by the DC Secretary to defray any costs related to any auction that the DC Secretary has coordinated (including the Auction) on behalf of ISDA, or that the DC Secretary will in the future coordinate on behalf of ISDA, for purposes of settlement of Credit Derivative Transactions.
The Administrators and the DC Secretary will announce the occurrence of an Auction Cancellation Date on their respective websites.
DC Secretary: This term shall have the meaning set out in the DC Rules.
For the avoidance of doubt, if more than one set of Deliverable Obligation Terms are published by the DC Secretary in respect of the Credit Derivatives Auction Settlement Terms relating to the Reference Entity, the relevant Auction for the purposes of determining the Auction Final Price shall be the Auction (if any) in respect of which the Deliverable Obligation Terms require that the relevant obligations be Not Subordinated to obligations which are of the same seniority as the Reference Obligation.
We agree to pay any Auction Costs to the DC Secretary within twenty-one (21) days of receipt of a written invoice submitted by the DC Secretary for such Auction Costs.