DMC Term definition
DMC Term means the period commencing on 1 April of each calendar year (including) and ending on the 31 March of each calendar year (including) provided that the first DMC term may be a shorter term, if and to the extent necessary to ensure that the Assignment Phase has taken place, and further provided that the relevant period may be extended if the DMC Matters for which a DMC Meeting (as defined in Number 3.1) has been convened may not be finalised before the relevant term would have otherwise ended.
DMC Term means the period commencing as of the time the Agreement for the Participation in a Default Management Committee has been signed and has become effective, and ending after one calendar year. Eurex Clearing AG may extend the relevant period if the DMC Matters for which a DMC Meeting (as defined in Number 3.1) has been convened may not be finalised before the relevant term would have otherwise ended.
Examples of DMC Term in a sentence
This Agreement shall end on the last day of the relevant DMC Term.
Upon receipt of such Term Loan Promissory Note B, the Lenders hereby agree to extend to DMC Term Loan B in the principal amount of $3,000,000.