DMC Term definition

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, on 1 April of each calendar year (including) and ending after one 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 extendedEurex Clearing AG may extent 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.[…] 2 Composition of Default Management Committees[…] 2.2 Selection of Participating DMC Member InstitutionsEurex Clearing AG will select the Participating DMC Member Institutions which shall participate in a DMC for the first DMC Term, and for any further DMC Terms, if and to extent required in accordance with the process set out in Numbers 2.3 and 2.4 below.2.3 DMC Rotation ProcessEurex Clearing AG will implement a rotation process to replace Participating DMC Member Institutions of each DMC following the below parameters and subject to Number 2.4:2.3.1 Each Participating DMC Member Institution will be selected for two consecutive DMC Terms.2.3.2 At the end of the first DMC Term with respect to all Participating DMC Member Institutions of a newly establishedfor a DMC, Eurex Clearing AG will replace, at its sole discretion, Participating DMC Member Institutions pursuant to Number 2.4 and in accordance with the following provisionsas follows:
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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.
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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. […]
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Examples of DMC Term in a sentence

  • If Eurex Clearing AG was able to has then selected the Required Number of Participating DMC Member Institutions for the relevant a particular DMC according to the DMC Composition Table, the relevant DMC shall be established for the upcoming DMC Term.

  • If Eurex Clearing AG cannot select such Required Number of Participating DMC Member Institutions no DMC shall be established for the upcoming DMC Term.

  • The time and duration of work for each repair area will be discussed at each pre- construction conference.

  • I have been nominated by the Clearing Member as □ Designated DMC Member, □ Designated DMC Deputy for the current DMC Term of the DMC with respect to the Liquidation Group(s)__ _.

  • For example, as a hurricane approaches, a municipality might anticipate widespread power outages and flooding in their town.

  • Recipients of this document, resident in jurisdictions outside India as well as those residents in India should inform themselves of and observe any applicable legal requirements and the Bank and its representatives will not be responsible for compliance with the same.

  • The appointment as Chairman and Deputy Chairman shall be valid for the DMC Term of the relevant DMC.

  • If Eurex Clearing AG has then selected the Required Number of Participating DMC Member Institutions for a particular DMC according to the DMC Composition Table the relevant DMC shall be established for the upcoming DMC Term.

  • These DMC Rules do not prevent a Participating DMC Member Institution from nominating a person who has already served as the DMC Member for that Participating DMC Member Institution on the same DMC in any previous DMC Term to be its DMC Member again on that DMC.

  • Eurex Clearing AG will inform the Participating DMC Member Institutions selected in accordance with Number 2.4.3 Paragraph (1) above no later than on 15 October of their selection as Participating DMC Member Institution for the up-coming DMC Term.

Related to DMC Term

  • Basic Term shall have the meaning specified in Section 2.2 of the Lease.

  • Initial Term has the meaning set forth in Section 7.1.

  • Renewal Period “Buyer” and “Default” have the same meanings respectively as they have in the Water Agreement.

  • Renewal Term has the meaning set forth in Section 2.

  • Extended Term shall have the meaning given such term in Section 2.4.

  • Original Term shall have the meaning specified in Section 10 hereof.

  • Extension Term means the time period defined in §2.C.

  • Base Term Commencing (i) with respect to the Original Premises on the Commencement Date, and (ii) with respect to the Expansion Premises on the Expansion Premises Commencement Date, and ending with respect to the entire Premises on September 15, 2016 (“Expiration Date”).”

  • Agreement Term has the meaning set forth in Section 11.1.

  • License Term means the duration of a License as specified in the Order.

  • Academic term means a division of the school year during which a course of studies is offered, and includes a semester, quarter, or single consolidated summer term as defined by the institution.

  • Additional Term shall have the meaning set forth in Section 8.2.

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Collaboration Term has the meaning set forth in Section 2.1(h).

  • Automatic Renewal Term has the meaning set forth in Section 10(a) hereof.

  • Minimum Term means the minimum period of service for each Service as shown on the Service Agreement, such period to start on the date on which the relevant Service is first made available to you for use;

  • Service & Term XOOM Energy Ohio, LLC (“XOOM” or “Company”) agrees to act as your exclusive natural gas supplier and will provide competitive retail natural gas service to you. The Term of this Agreement will begin on the next available meter read date after processing of the request by XOOM and your gas utility, and will continue for the Contract Term as set forth in the accompanying Contract Summary, which is incorporated into this Agreement. Acceptance into the Program:These terms and conditions are subject to your acceptance into the program by both XOOM and your local utility. You will be promptly notified if you are not accepted into the program. Switching fees may apply to you under your local utility’s tariff if you are accepted into the program by both XOOM and your local utility.

  • Research Term has the meaning set forth in Section 3.2.

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

  • Exclusivity Period shall have the meaning set forth in Section 6.11.

  • Fixed Term shall have the meaning given such term in Section 2.3.

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Contract Term means period of performance set forth in the paragraph entitled “Term” contained in Exhibit E.

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.