Default Contribution definition

Default Contribution has the meaning set forth in Section 5.03(a).

Default Contribution is defined in Section 4.7(a).

Default Contribution has the meaning set forth in Section 3.2(f).

Examples of Default Contribution in a sentence

• Accordingly, the amount of such Default (the “Default Amount”) shall accrue interest commencing on the Drawdown Date at the Default Rate and ending on the date paid or contributed as a Default Contribution or loaned as a Total Drawdown Default Loan or Default Loan.

• The Corporation will recalculate the required Listing Exchange Default Contribution using the formula in the preceding sentence for each Listing Exchange as of the end of each calendar year, provided that the Listing Exchange Default Contribution will not be reduced as a result of any such recalculation.

• That is, to reflect that the only reason that many have not opted out is because they gain even by not contributing we assume non-default contributions by three-quarters of those drawn in by the program’s generosity.The expected rate of default participation (3 percent contributions among those participating) by age and 2008 income are show in Table 3: TABLE 3Expected Default Contribution Rates by Age and Income (Percent) For the lowest-income group, we assume that non-default contributions are zero.

• The Listing Exchange Default Contribution shall initially be in an amount equal to the greater of (i) $10 million and (ii) the arithmetic average of the Guaranty Fund Deposit Requirements of all Clearing Members as of the end of the most recent calendar year.

• In the event of an increase in its required Listing Exchange Default Contribution as of any calendar year-end, the Listing Exchange shall be required to increase its Listing Exchange Contribution to the required level, within the timeframe and in the manner specified in the policies and procedures of the Corporation as in effect from time to time.

More Definitions of Default Contribution

Default Contribution has the meaning set forth in Section 4.3(b)(i).

Default Contribution shall have the meaning set forth in Section 3.4(D).

Default Contribution is defined in Section 5.1(e) hereof.

Default Contribution shall have the meaning set forth in Section 6.03(e) hereof.

Default Contribution is defined in Section 11.1(c).

Default Contribution means the default amount of AED “1” charged in (b) the Cardholder undertakes that he/she will not keep any relationship with in respect of the credit cards disclosed in the Undertaking. Charges incurred through their respective Cards to exceed the said Credit accordance with these Terms and Conditions or as notified by RAKBANK from conventional banks in the future and will not receive or pay any amounts 7 Payment Limit. time to time. in the nature of interest in relation to any future relationship with any 7.1 Details of all Charges are listed in RAKBANK’s “Service & Price Guide” 9.4 The validity of the Supplementary Card is subject to the validity of the

Default Contribution means the default amount of AED “1” lxii. “Software” means the application to be downloaded and installed (with the approval of the Sharia Supervisory Board) by giving notice to the RAKBANK may deem necessary (including those in these Terms and charged in accordance with these Terms and Conditions or as notified on the Primary Cardholder’s Mobile Device in order to access Services. Customer as prescribed in Clause 31 below. Conditions).