Examples of Initial Authorised Participant in a sentence
Notwithstanding anything to the contrary in these Conditions, for the avoidance of doubt, neither the approval of ETP Securityholders by way of an Extraordinary Resolution of ETP Securityholders or otherwise or the consent of the Trustee is required (without limitation) in connection with the accession of a new Authorised Participant to the Programme or the termination of the appointment of an existing Authorised Participant (including the Initial Authorised Participant).
N.C. (the "Initial Authorised Participant") and each Authorised Participant whose name is published on the Issuer's website (xxx.xxxxxxxxxxxxxx.xxx) and who is identified as an authorised offeror for these ETP Securities (each an "Authorised Offeror").
BNP Paribas Arbitrage S.N.C. is the Initial Swap Provider and the Initial Authorised Participant.
BNP Paribas Arbitrage S.N.C. is the Initial Authorised Participant.
The Issuer may at any time vary or terminate the appointment of the Initial Authorised Participant by giving to the Initial Authorised Participant and each other Programme Party at least 30 calendar days’ prior written notice to that effect.
Following extinguishment in accordance with this Clause 25, neither the Initial Authorised Participant or any ot her person acting on its behalf shall be entitled to take any further steps against the Issuer or any of its officers, shareholders, corporate service providers or directors to recover any further sum in respect of the extinguished claim and no debt shall be owed to any such persons by the Issuer in respect of such further sum.
In the event that such profit or loss on the transactions is not accepted by the Initial Authorised Participant, the Arranger will bear such profit or loss.
In the event that the Issuing and Paying Agent on behalf of the Issuer and the Initial Authorised Participant are unable to settle the Redemption Order and do not reasonably expect to be able to settle the Redemption Order in the foreseeable future, the Redemption Order can be cancelled.
Such Redemption Order will be cancelled subject to the agreement of the Arranger, the Initial Authorised Participant, the Issuing and Paying Agent on behalf of the Issuer and the Portfolio Administrator on behalf of the Issuer and the Portfolio Administrator, each acting in good faith and in a commercially reasonable manner.
The Initial Authorised Participant may waive any of the conditions precedent in this Clause 12.