Direct Member Participant definition

Direct Member Participant means the Direct Principal Member Participants and the Direct Agent Member Participants;

Examples of Direct Member Participant in a sentence

BondEvalue may pay such fees to any Direct Member Participants as agreed between BondEvalue and such Direct Member Participant.

BondEvalue may, at its discretion, approve or reject an application to be a Direct Member Participant.

Once a Member Participant is notified of the suspension or termination decided by BondEvalue, a Member Participant has notified BondEvalue of its decision to terminate its participation or a Direct Member Participant has notified BondEvalue of its decision to suspend or terminate a MPC’s account, BondEvalue may decline to accept instructions or to give effect to instructions which would result in any credit or debit to any Distributed Ledger Record of that Member Participant.

Upon the occurrence of an Insolvency Event in respect of BondEvalue, each Direct Member Participant may take direct enforcement action against BondEvalue for the transfer of the Underlying Bond (or the value thereof) and Cash allocated to them in the Debentures Register.

Member Participants agree and confirm that:- such Direct Member Participant Fees may be deducted from Member Participant accounts as directed by Direct Member Participants.- BondEvalue shall not be responsible for any incorrect calculations of fees as providedby Direct Member Participants.

A Member Participant may terminate its status as a Member Participant by terminating the Participation Agreement to which it is a party in accordance with its terms and (in the case of a Direct Member Participant) by giving BondEvalue two months’ written notice.

Each Direct Member Participant agrees that any Underlying Bond (or the value thereof) and Cash received by it pursuant to such enforcement action shall be transferred ona pro rata basis to each of their respective Member Participant Clients in proportion to their entitlements evidenced by the Master Ledger.

Related to Direct Member Participant

Participant means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account with the Depositary, Euroclear or Clearstream, respectively (and, with respect to DTC, shall include Euroclear and Clearstream).
Employee means any person, including Officers and Directors, employed by the Company or any Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment” by the Company.
Employer means the United Nations Development Programme (UNDP).
You (or "Your") shall mean an individual or Legal Entity exercising permissions granted by this License.
Member means any of the entities that make up the joint venture/consortium/association, and “Members” means all these entities.
Family member means spouse, father, mother, child, father-in-law, mother-in-law, daughter-in-law or son-in-law.
Director means a member of the Board.
Holder means a Person in whose name a Security is registered in the Security Register.
Child means any person under eighteen years of age.
Customer means and include the account debtor with respect to any Receivable and/or the prospective purchaser of goods, services or both with respect to any contract or contract right, and/or any party who enters into or proposes to enter into any contract or other arrangement with any Borrower, pursuant to which such Borrower is to deliver any personal property or perform any services.
Contractor means the individual or entity, that has entered into this contract with the Commonwealth.
Person means any individual, corporation, limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.
Owner means each Person who is the beneficial owner of a Book-Entry Preferred Securities Certificate as reflected in the records of the Clearing Agency or, if a Clearing Agency Participant is not the Owner, then as reflected in the records of a Person maintaining an account with such Clearing Agency (directly or indirectly, in accordance with the rules of such Clearing Agency).
Client means the Project lead of technical wing of the Purchaser for whose’ particular project the Goods / Services have been procured or any other person, duly appointed in writing, by the Client, for the time being or from time to time, to act as Client for the purposes of the Contract.
Administrator means the Board or any of its Committees as shall be administering the Plan, in accordance with Section 4 of the Plan.
Operator means the operator of an electronic communications code network.
Confidential Information means any information disclosed by either party to the other party, either directly or indirectly, in writing, orally or by inspection of tangible objects (including, without limitation, documents, prototypes, samples, plant and equipment), which is designated as "Confidential," "Proprietary" or some similar designation. Information communicated orally shall be considered Confidential Information if such information is confirmed in writing as being Confidential Information within ten (10) Business Days after the initial disclosure. Confidential Information may also include information disclosed to a disclosing party by third parties. Confidential Information shall not, however, include any information which (i) was publicly known and made generally available in the public domain prior to the time of disclosure by the disclosing party; (ii) becomes publicly known and made generally available after disclosure by the disclosing party to the receiving party through no action or inaction of the receiving party; (iii) is already in the possession of the receiving party at the time of disclosure by the disclosing party as shown by the receiving party’s files and records immediately prior to the time of disclosure; (iv) is obtained by the receiving party from a third party without a breach of such third party’s obligations of confidentiality; (v) is independently developed by the receiving party without use of or reference to the disclosing party’s Confidential Information, as shown by documents and other competent evidence in the receiving party’s possession; or (vi) is required by law to be disclosed by the receiving party, provided that the receiving party gives the disclosing party prompt written notice of such requirement prior to such disclosure and assistance in obtaining an order protecting the information from public disclosure.
Committee means the Compensation Committee of the Board.
Company means the Person named as the “Company” in the first paragraph of this instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person.
Subcontractor means any supplier, distributor, vendor, or firm that furnishes supplies or services to or for a prime contractor or another subcontractor.
Officer means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder.
Court means the High Court;
Physician means an individual authorized to practice medicine or osteopathy under the law of any state.
Government means the Government of the Philippines (GoP).
Resident means a student whose parents, legal guardians, persons having legal, lawful control of the student under order of a court, or persons standing in loco parentis reside in the school district.
Subsidiary means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of the Code.