Examples of Distribution Period in a sentence
The life expectancy of the oldest such countable beneficiary then becomes the Applicable Distribution Period for the trust.
Certain Decisions Concerning Default MattersNotwithstanding anything to the contrary herein, any decision by the Corporation (A) that a Default Auction has failed because of insufficient resources; (B) to make an RGD Determination or continue a Loss Distribution Period, (C) to implement a Partial Tear-Up or (D) to issue a Termination Notice in respect of all outstanding Contracts shall be made by the Board and shall not be delegable to any officer or any other Person.
In such case the Distribution Period will not be adjusted and the Holders will not be entitled to any compensation for any such delay.
Upon such termination, either the Corporation or the relevant Clearing Member, as the case may be, shall be obligated to pay to the other the applicable Partial Tear- Up Price (which, in either case, shall be satisfied only through applicable variation margin for such Tear-Up Position, determined for this purpose as though all variation margin payments had been made in any relevant Loss Distribution Period without regard to any Cash Gainer Adjustments).
In addition, a Loss Distribution Period shall end with immediate effect and without the need for any action on the part of any Clearing Member or the Corporation upon any Corporation Default or other determination to terminate all Contracts under Rule 806.