Loss Distribution Day definition

Loss Distribution Day means any Clearing Day in a Loss Distribution Period on which LCH SA, prior to calling for: (i) cover in respect of Margin in accordance with the Clearing Rules; and (ii) required Collateral, on such Clearing Day, determines that the LCH Uncovered Loss for that Clearing Day is greater than zero.
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Loss Distribution Day means any business day in a Loss Distribution Period on which the Clearing House, in consultation with the Rates Service DMG, prior to calling for Collateral in respect of margin or other payment in respect of settlement on such business day, determines that the LCH Uncovered Loss for that business day is greater than zero.
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Loss Distribution Day means any business day in a Loss Distribution Period on which the Clearing House, prior to calling for cover in respect of margin in accordance with the provisions of the Procedures on such business day, determines that the LCH Uncovered Loss for that business day is greater than zero.
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Examples of Loss Distribution Day in a sentence

  • For each Loss Distribution Day, the Corporation shall apply any Cash Gainer Adjustment as set forth above as an offset against any payments receivable by the relevant Clearing Member or aggregate it with any required payment to the Corporation for the relevant Account.

  • Following the close of business on the Business Day following a Loss Distribution Day (a “Potential Loss Distribution Day”), the Corporation shall determine whether the RGD Continuation Conditions are satisfied and if so, whether such day should constitute an additional Loss Distribution Day.

  • If the Corporation conducts a successful Default Auction on any Potential Loss Distribution Day, that day (or, if the Corporation so determines, the preceding Business Day) shall be the final Loss Distribution Day.

  • Congress has granted the other Insular Areas and all of the coastal states rights to submerged lands extending three miles from the shoreline.

  • Loss Distribution Day: any business day during a Loss Distribution Period on which BME CLEARING, prior to the Margins and Settlements requirement that the CCP must issue in accordance with its regulation, determines that the CCP Loss Not Covered for that day is greater than zero.

  • Any firm submitting a proposal without attending this conference shall be deemed non-responsive.

  • Contribution to Continuity of the Service On each Loss Distribution Day, each Non-Defaulting Clearing Member must pay BME CLEARING the “Contribution to Continuity of the Service”, which will be equal to the product of multiplying the CCP Loss Not Covered on that Loss Distribution Day by the Contribution of the Non-Defaulting Clearing Member to the Segment Default Fund, divided by the total contributions by Non-Defaulting Clearing Members to the Segment Default Fund.

  • If the Corporation has not conducted a successful Default Auction on the Final Possible Loss Distribution Day, the Corporation will conduct a Partial Tear-Up as of the close of business on such day in accordance with Rule 808.

  • Nothing in this Rule 807 shall reduce or offset the obligation of a Cash Loser to pay any VM or Contractual Payments owed by it in respect of a Loss Distribution Day.

  • There have not been any resettlements issues as the land for the project already belonged to the school.


More Definitions of Loss Distribution Day

Loss Distribution Day means any business day in a Loss Distribution Period on which the Clearing House, prior to calling for Collateral in respect of margin on such business day, determines that the LCH Uncovered Loss for that business day is greater than zero.
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Related to Loss Distribution Day

  • Class Final Distribution Date means, as applicable, the Class A-1 Final Distribution Date, the Class A-2a Final Distribution Date, the Class A-2b Final Distribution Date, the Class A-3 Final Distribution Date, the Class A-4 Final Distribution Date, the Class B Final Distribution Date, the Class C Final Distribution Date or the Class D Final Distribution Date, as the context requires.