Direct Party definition

Direct Party means a Covered Entity that is a party to a Covered Direct QFC.
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Direct Party means, for a Series and a QFC Agreement, a party to such agreement other than a provider of a QFC Credit Enhancement.
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Direct Party means a Covered Entity that is a party to a Direct QFC.
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Examples of Direct Party in a sentence

  • Any costs generated by the exercise of this right shall be borne by the Direct Party subject to the ERISA Rules which has exercised this right.

  • Any Direct Party and its Affiliates holding Shares or any other Securities in the Company shall act on a collective basis for all purposes of this Agreement as if they collectively constituted a single Direct Party, including for the purpose of exercising any rights benefiting any Direct Party pursuant to the terms of this Agreement.

  • The Supervisory Board shall provide any Direct Party, as soon as possible, upon their first demand, with an updated list of all Shareholders and of all holders of any other Securities.

  • Any information obtained by the Direct Party subject to the ERISA Rules in this context shall remain strictly confidential.

  • Each Direct Party shall benefit from voting rights in proportion to its Voting Shares in the Company.

  • If the total number of the Securities that the other Direct Parties wish to subscribe for represents more than the pro-rata portion of the failing Direct Party, each Direct Party shall subscribe for a number of Securities determined in accordance with Section 12.1(c) mutatis mutandis.

  • As soon as the Investment Bank receives one or more Global Offers, it shall notify them to each Direct Party which is not one of, or involved with one of, the bidders in the Auction Bid Process.

  • As long as a Direct Party (other than the ▇▇▇▇▇▇ Parties, the Financial Investors, the ▇▇▇▇▇ Parties and the Gras Parties) is holding Securities, it undertakes not to participate or engage, directly or through any of its Affiliates, for itself or on behalf of or in conjunction with any Person, as an executive, director, shareholder, partner, investor, advisor, consultant or otherwise, in any Business Activities.

  • If a Direct Party is in a situation of Default, this Defaulting Party shall notify the Non-Defaulting Parties within ten (10) Business Days as from the date of the event triggering the Default.

  • Each Direct Party other than the Mancos and the ▇▇▇▇▇▇ Parties (each, a "▇▇▇▇▇▇ Call Grantor") hereby grants to ▇▇▇▇▇▇ a call option on all of its Option Securities, in accordance with the terms and conditions set forth in this Section 10 (collectively, the "Call Options").