Fail definition

Fail has the meaning given to it in the Protocol;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Fail means the removal under the Rules of the whole or part of an Instruction from Batch Settlement or Real Time Gross Settlement, on a Business Day.

Fail means any Open Position that has not given rise to a full cash payment or full delivery of Securities during the last settlement windows of the Settlement Date;

Examples of Fail in a sentence

• Fail to meet the minimum funding requirements of ERISA, permit a Reportable Event or Prohibited Transaction, as defined in ERISA, to occur, fail to comply with the Federal Fair Labor Standards Act or violate any law or regulation, which violation could have a Material Adverse Effect, or a material adverse effect on the Collateral or the priority of Bank’s Lien on the Collateral, or permit any of its Subsidiaries to do any of the foregoing.

• If the missing Review Materials or other documents have not been provided by the Servicer, the Sponsor or the Collateral Custodian, as applicable, within 15 calendar days, the related Review Report will report a Test Fail for each Test that requires use of the missing or insufficient Review Materials.

• Within five (5) Business Days after the end of the applicable Asset Representations Review period under Section 3.03(b), the Asset Representations Reviewer will deliver to the Administrator, the Issuing Entity, the Grantor Trust, the Sponsor, the Servicer, the Depositor and the Indenture Trustee a report indicating for each Review Receivable whether there was a Test Pass, Test Fail or Test Complete for each related Test (a “Review Report”).

• Pass/ Fail Availability of worker Pass/ Fail Stage 2: Price Supplier offering a technically compliant bid (achieving “pass” in technical evaluation) and lowest price at stage 2 will be the successful supplier in further competitions.

• During the course of its review, the Asset Representations Reviewer will provide the Issuing Entity, the Grantor Trust and the Servicer and the Sponsor with a preliminary list of any Test Fail and the issues identified and, at that time, the Sponsor has the option of electing to provide additional Review Materials or information which the Asset Representations Reviewer will analyze and consider in preparing the Review Report.

More Definitions of Fail

Fail means refuse or fail;

Fail means that the report is materially inaccurate or misleading; such a report violates one or more significant reporting standards, seriously departs from Generally Accepted Accounting Principles, or does not include material disclosures necessary for a fair presentation.

Fail means the failure by Clearing Participant to provide all currency and/or securities that Clearing Participant is required to deliver pursuant to the Clearing Participant Agreement for the settlement of a Position on the relevant Settlement Date for such delivery obligation (or the date on which the delivery obligation is specified as needing to be fulfilled in the Clearing Rules).

Fail. : shall mean a Collateral Instruction of DVP operation, FOP or FOP-R not totally settled or partially settled at the end of the Intended Settlement Date (ISD);

Fail means the situation where on the Settlement Day, Etc., Japanese government bonds are not delivered by a delivering Clearing Participant by the cutoff time as stipulated in Article 50-11, Paragraph 1, Items (1) to (4), for each type of transactions specified in A) of each of the relevant Items.

Fail means the removal by the Approved Settlement Facility of the whole or part of:

Fail means the appointment of a liquidator, receiver, administrator, special administrator or trustee in bankruptcy, or any equivalent procedure in any relevant jurisdiction in relation to us.