FCM Default Rules definition

FCM Default Rules means the rules of Eurex Clearing AG governed by the substantive laws of Germany on the default fund and certain aspects of the default management process of Eurex Clearing AG with respect to FCM Clearing Members (as amended from time to time).
Sample 1Sample 2Sample 3
FCM Default Rules means the FCM Default Rules of Eurex Clearing AG, as amended from time to time.
Sample 1Sample 2Sample 3

Examples of FCM Default Rules in a sentence

  • If the Selected Auction Participant does not submit a Bid at all or does not submit a sufficient Bid during the relevant DM Auction in accordance with the relevant provisions under the Clearing Conditions or FCM Regulations, the Mandatory Participant or FCM Mandatory Participant shall be subject to the applicable consequences under Chapter I Part 1 Number 7.5.3 of the Clearing Conditions or Number 4.3.3 Paragraph (4) of the FCM Default Rules.

  • Each Mandatory Participant (as defined in the Clearing Conditions in Chapter I Part 1 Number 7.5.3) and each FCM Mandatory Participant (as defined in Number 4.3.3 Paragraph (2) of the FCM Default Rules) shall be obliged to participate in the relevant DM Auction.

  • The terms “FCM Mandatory Participant”, “Bid” and “DM Auction” have the meanings assigned to them in the FCM Default Rules.

  • Certain matters pertaining to the rights and obligations of Eurex Clearing AG and FCM Clearing Members are also set forth in the FCM Default Rules.

  • Special provisions governing an FCM Clearing Member’s obligations to contribute to the Default Fund are set forth in the FCM Default Rules.

  • Eurex Clearing AG shall be entitled to liquidate the Swap Transactions in the relevant Netting Set in accordance with the FCM Default Rules, and to calculate the Difference Claim with respect thereto.

  • In particular, if an FCM Mandatory Participant has submitted the winning Bid in a DM Auction in accordance with the FCM Default Rules, the relevant DM Auction Transactions that are Swap Transactions shall be established between Eurex Clearing AG and such FCM Clearing Member pursuant to these FCM Regulations.

  • Each Mandatory Participant that participates in a DM Auction in accordance with Number 3.1, each Clearing Member, FCM Clearing Member or Basic Clearing Member that participates in a DM Auction in accordance with this Number 3.2 and each Selected Auction Participant (as defined in Number 4.3.3 Paragraph (2) of the FCM Default Rules) is, upon the submission of its Bid with regard to a specific Auction Unit, herein referred to as a “Participating Bidder”.

  • For purposes of this Number 9.6 the terms “Realization Event”, “Relevant Liquidation Group”, “FCM Clearing Member Transaction”, “Non-Affected FCM Clearing Member”, “Terminated Clearing Member Transactions”, “Terminated FCM Clearing Member Transactions”, “Contributions”, “Further Contributions”, “FCM Contributions”, “FCM Further Contributions”, “Default Fund” and “Default Fund Secured Claims” shall have the meanings ascribed to them in the FCM Default Rules.

  • The Mandatory Participant or FCM Clearing MemberMandatory Participant may appoint a new Selected Auction Participant in accordance with, and subject to, the FCM Default Rules and these General DM Auction Rules this Number 3.6. 3.6.5 For the avoidance of doubt, the status of the Clearing Member as Mandatory Participant or of the FCM Clearing Member as FCM Mandatory Participant does not change due to the appointment of a Selected Auction Participant.

Related to FCM Default Rules

  • Default Rule means a rule stated in the Act which applies except to the extent it may be negated or modified through the provisions of a limited liability company’s Limited Liability Company Agreement.

  • O & M Default means any default on the part of the Power Producer for a continuous period of ninety (90) days to (i) operate and/or (ii) maintain (in accordance with Prudent Utility Practices), the Project at all times.

  • Post-Default Rate means, in respect of any principal of any Loan or any other Obligation that is not paid when due (whether at stated maturity, by acceleration, by optional or mandatory prepayment or otherwise), a rate per annum equal to four percent (4.0%) plus the Base Rate as in effect from time to time.

  • Default Requirement means the amount specified as being applicable to the Reference Entity in the Standard, or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, U.S.$ 10,000,000 or its equivalent in the relevant Obligation Currency) in either case, as of the occurrence of the relevant Credit Event.

  • Non-default Rate means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the Non-defaulting Party (as certified by it) if it were to fund the relevant amount.

  • Contractor Default shall have the meaning set forth in Clause 23.1;

  • Default Rate means (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if any, applicable to Base Rate Loans plus (iii) 2% per annum; provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate plus 2% per annum.

  • MI Default has the meaning given to it in paragraph 6.1 of Framework Schedule 9 (Management Information);

  • Advisers Act Rules and Regulations means the rules and regulations of the Commission under the Advisers Act.

  • Client Money Rules means the rules specified in the applicable regulation and other related matters issued pursuant to this paragraph.

  • Relevant Rules means, at any time, the laws, regulations, requirements, guidelines and policies relating to capital adequacy (including, without limitation, as to leverage) then in effect in the United Kingdom including, without limitation to the generality of the foregoing, as may be required by CRD IV or BRRD or any applicable successor legislation or any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and applicable to the Issuer from time to time and any regulations, requirements, guidelines and policies relating to capital adequacy adopted by the Relevant Regulator from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer or to the Issuer and any of its holding or subsidiary companies or any subsidiary of any such holding company).

  • Cross Default is specified in the Schedule as applying to the party, the occurrence or existence of (1) a default, event of default or other similar condition or event (however described) in respect of such party, any Credit Support Provider of such party or any applicable Specified Entity of such party under one or more agreements or instruments relating to Specified Indebtedness of any of them (individually or collectively) in an aggregate amount of not less than the applicable Threshold Amount (as specified in the Schedule) which has resulted in such Specified Indebtedness becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments, before it would otherwise have been due and payable or (2) a default by such party, such Credit Support Provider or such Specified Entity (individually or collectively) in making one or more payments on the due date thereof in an aggregate amount of not less than the applicable Threshold Amount under such agreements or instruments (after giving effect to any applicable notice requirement or grace period);

  • Enforcement Rule means the HIPAA Administrative Simplification: Enforcement; Final Rule at 45 CFR Parts 160 and 164.

  • Acceleration Event of Default means an Event of Default under Section 5.1(a), (d), (e) or (f), whatever the reason for such Acceleration Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body.

  • 1940 Act Rules and Regulations means the rules and regulations of the Commission under the 1940 Act.

  • Forbearance Default means: (A) the failure of the Company to provide the Noteholder Group and its financial advisors with reasonable access, as determined by the Noteholder Group in its reasonable discretion, to its Chief Executive Officer, other senior executives and outside advisors, including representatives of Xxxxx Xxxxx Xxxxxx that are working with the Company, and to provide the Noteholder Group and its legal and financial advisors with any and all due diligence information they may reasonably request, including, without limitation, the Company’s current 13-week cash flow schedule, and all updates thereto as soon as reasonably practicable after they are prepared, but in no event no later than two (2) business days thereafter; (B) the failure of the Company to engage in good faith negotiations with the Noteholder Group regarding a potential restructuring transaction, which determination shall be made by the Noteholder Group in its reasonable discretion; (C) the failure of the Company to promptly notify the Noteholder Group of the occurrence of a Forbearance Default (as defined in the DDJ Third Amended Forbearance Agreement) under the DDJ Third Amended Forbearance Agreement or any amendment or modification to the DDJ Third Amended Forbearance Agreement; (D) termination of the DDJ Third Amended Forbearance Agreement; (E) the execution of any amendment or modification to the DDJ Third Amended Forbearance Agreement, which amendment or modification has a material adverse effect on the Noteholder Group as determined by the Noteholder Group in its reasonable discretion; (F) termination by the Company of the Xxxxxx Engagement Letter or the failure of the Company to pay Xxxxxx’x fees, expenses and indemnity in accordance with the terms of the Xxxxxx Engagement Letter; (G) the occurrence of any Event of Default that is not a Specified Existing Default; (H) the failure of the Company to comply with any term, condition, covenant or agreement set forth in this Third Amended Forbearance Agreement; (I) the failure of any representation or warranty made by the Company under this Third Amended Forbearance Agreement to be true and correct in all material respects as of the date when made; (J) the commencement by or against the Company or any of the Subsidiaries of a case under title 11 of the United States Code; or (K) the commencement of any action or proceeding by any creditor of the Company or any of the Subsidiaries seeking to attach or take similar action against the assets of the Company or the Subsidiaries. Any Forbearance Default shall constitute an immediate Event of Default under the Indenture.

  • SIFT Rules means the provisions of the Tax Act, including those contained in sections 104, 122 and 122.1 of the Tax Act, which apply to the taxation of a “specified investment flow through trust” and its unitholders.

  • cross-default obligation means a term of any agreement or arrangement whereby the Appointee's liability to pay or repay any debt or other sum arises or is increased or accelerated by reason of a default of any person other than the Appointee. 6.12 Without prejudice to the application of paragraph 6.2 the Appointee shall declare or pay dividends only in accordance with a dividend policy which has been approved by the Board of the Appointee and which complies with the following principles -

  • Indenture Event of Default means an "Event of Default" as defined in the Indenture.

  • Insurance Agreement Event of Default means an "Event of Default" as defined in the Insurance Agreement.

  • Minor Default means any Event of Default that is not a Major Default.

  • Major Default means any Event of Default occurring under Sections 4.1(a), 4.1(c), 4.1(l), or 4.1(p).

  • HIPAA Security Rule as defined in 45 CFR Part 164, Subparts A and C;

  • Bond Event of Default means the occurrence of any of the following (or such event or condition which with notice or lapse of time or both would constitute any of the following):

  • Financing Default means an event which would constitute (or with notice or lapse of time or both would constitute) an event of default (which event of default has not been cured) under or would otherwise violate or breach (i) any financing arrangement of the Company or any of its Subsidiaries in effect as of the time of the aforementioned event, and any extensions, renewals, refinancings or refundings thereof in whole or in part; and (ii) any provision of the Company's or any of its Subsidiary's constitutional documents.