Express Provision definition
Express Provision means use of the word „remarriage,‟” id.; the statute “require[es] the specific mention of remarriage to continue spousal support beyond remarriage.” Id. at 45. Roth
Express Provision means, in respect of an Agreement, any provision expressly set out in any confirmation in respect of a Transaction that is governed by the Agreement, any Annex to the Agreement, or any amendment or modification to the Agreement, that provides for:
(a) a procedure or mechanism that differs from that set out in the pre-printed form of the GMRA 1995 or GMRA 2000, as applicable, for determining the Default Market Value of Equivalent Securities or Equivalent Margin Securities (each as defined in the Agreement);
(b) a procedure or mechanism that differs from that set out in the pre-printed form of the GMRA 1995 or the GMRA 2000, as applicable, for determining the amount that would be payable by one party to the other party under paragraph 10(b) of the Agreement; or
(d) any grace period in the description of any Event of Default (as defined in the Agreement) (a Grace Period Express Provision).
Examples of Express Provision in a sentence
Subject to paragraph 1.11 below, nothing in this Protocol shall amend any Express Provision (as defined below) in an Agreement and, for the avoidance of doubt, any amendment set out in this Protocol which would, but for this provision, apply so as to amend an Express Provision shall not apply.