Loss Distribution Period definition

Loss Distribution Period means the period from, but excluding, the day on which a Default occurs with respect to an RCM to the business day on which all Loss Distribution Charges in respect of such Default have been paid in full.

Loss Distribution Period means the period from, but excluding, the day on which an Event of Default occurs with respect to a Clearing Member to the Clearing Day on which all Service Continuity Contributions in respect of such Event of Default have been paid in full.

Loss Distribution Period means the period from, but excluding, the day on which a Default occurs with respect to an FXCCM to (but excluding) the earlier of: (i) the business day on which (a) the rights and obligations arising out of the Auction Portfolios of the Defaulting FXCCM are transferred to those FXCCMs which have successfully bid for such Auction Portfolios in Auctions, or, if any Default occurs with respect to any other FXCCM prior to the end of a Loss Distribution Period, the rights and obligations arising out of the Auction Portfolios of any subsequent Defaulting FXCCM are transferred to those FXCCMs who have successfully bid for such Auction Portfolios in Auctions and (b) all payments required to be made by such FXCCMs and/or the Clearing House in respect of such Auction(s) have been made in full; or (ii) any business day on which the Clearing House determines that a Loss Distribution Trigger Event has occurred; PROVIDED THAT, in each case, the Loss Distribution Period shall not extend beyond the Loss Distribution Cut-Off Date.

Examples of Loss Distribution Period in a sentence

• In addition, a Loss Distribution Period shall end with immediate effect and without the need for any action on the part of any Clearing Member or the Corporation upon any Corporation Default or other determination to terminate all Contracts under Rule 806.

• 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.

• Certain Decisions Concerning Default MattersNotwithstanding anything to the contrary herein, any decision by the Corporation (A) that a Default Auction has failed because of insufficient resources; (B) to make an RGD Determination or continue a Loss Distribution Period, (C) to implement a Partial Tear-Up or (D) to issue a Termination Notice in respect of all outstanding Contracts shall be made by the Board and shall not be delegable to any officer or any other Person.

• When a confrontation begins, whether a fare dispute, an ordinance violation, etc., assume that the person does not know the procedure and explain the situation.

• CCP House Loss Not Covered: the amount, calculated on any business day during the Loss Distribution Period, that is the positive difference between the net sum payable, in respect of all the items established in the BME CLEARING regulation, by a Defaulting Clearing Member, calculated by BME CLEARING on that day, less the resources obtained from the actions established in Sections 45.8.C.1 to 45.8.C.6 of the Regulations, still available on that day.

• Krass, “Generalized Coverage: New Developments in Covering Location Models,” Computers & Operations Research, Vol.

• Upon such termination, either the Corporation or the relevant Clearing Member, as the case may be, shall be obligated to pay to the other the applicable Partial Tear-Up Price (which, in either case, shall be satisfied only through applicable variation margin for such Tear-Up Position, determined for this purpose as though all variation margin payments had been made in any relevant Loss Distribution Period without regard to any Cash Gainer Adjustments).

• Upon such termination, either the Corporation or the relevant Clearing Member, as the case may be, shall be obligated to pay to the other the applicable Partial Tear- Up Price (which, in either case, shall be satisfied only through applicable variation margin for such Tear-Up Position, determined for this purpose as though all variation margin payments had been made in any relevant Loss Distribution Period without regard to any Cash Gainer Adjustments).

• All AWD Packages are hosted on our own VPS which we monitor for speed and integrity.

More Definitions of Loss Distribution Period

Loss Distribution Period means the period from, but excluding, the day on which a Default occurs with respect to an SCM to but excluding the earlier of: (i) the business day on which (a) the rights and obligations arising out of the Auction Portfolios of the Defaulting SCM are transferred to those SCMs which have successfully bid for such Auction Portfolios in Auctions, or, if any Default occurs with respect to any other SCM prior to the end of a Loss Distribution Period, the rights and obligations arising out of the Auction Portfolios of any subsequent Defaulting SCM are transferred to those SCMs who have successfully bid for such Auction Portfolios in Auctions and (b) all payments required to be made by such SCMs and/or the Clearing House in respect of such Auction(s) have been made in full; or (ii) any Loss Distribution Day in respect of which the Clearing House determines that the SCM Adjustment Amount for any SCM would be equal to or greater than the Loss Distribution Cap Amount for such Loss Distribution Day.

Loss Distribution Period means the period from, but excluding, the day on which a Default occurs with respect to a Rates Service Clearing Member to but excluding, the earlier of: (i) (A) in the case of a Defaulting Rates Service Clearing Member who is an SCM, the business day on which (a) the rights and obligations arising out of the Auction Portfolios of the Defaulting SCM are transferred to those SCMs which have successfully bid for such Auction Portfolios in Auctions, or, if any Default occurs with respect to any other SCM prior to the end of a Loss Distribution Period, the rights and obligations arising out of the Auction Portfolios of any subsequent Defaulting SCM are transferred to those SCMs who have successfully bid for such Auction Portfolios in Auctions and (b) all payments required to be made by such SCMs and/or the Clearing House in respect of such Auction(s) have been made in full; or (B) in the case of a Defaulter who is a Listed Interest Rates Clearing Member but not an SCM, the business day on which the Clearing House has taken such action as it considers to be required to extinguish or transfer the rights and obligations of such a Defaulter; and (ii) any business day on which the Clearing House determines that a Loss Distribution Trigger Event has occurred, PROVIDED THAT, in each case, the Loss Distribution Period shall not extend beyond the Loss Distribution Cut-Off Date.

Loss Distribution Period means the period beginning from the date on

Loss Distribution Period means the period from, but excluding, the day on which a Default occurs with respect to a Rates Service Clearing Member to but excluding, (1the earlier of: (i) (A) in the case of a Defaulting Rates Service Clearing Member who is an SCM, the earlier of: (i) the business day on which (a) the rights and obligations arising out of the Auction Portfolios of the Defaulting SCM are transferred to those SCMs which have successfully bid for such Auction Portfolios in Auctions, or, if any Default occurs with respect to any other SCM prior to the end of a Loss Distribution Period, the rights and obligations arising out of the Auction Portfolios of any subsequent Defaulting SCM are transferred to those SCMs who have successfully bid for such Auction Portfolios in Auctions and (b) all payments required to be made by such SCMs and/or the Clearing House in respect of such Auction(s) have been made in full; and (ii) any Loss Distribution Day in respect of which the Clearing House determines that the Rates Service Adjustment Amount for any Rates Service Clearing Member would be equal to or greater than the Loss Distribution Cap Amount for such Loss Distribution Day; and (2(B) in the case of a Defaulter who is a Listed Interest Rates Clearing Member, but not an SCM, any Loss Distribution Day in respect ofthe business day on which the Clearing House determines that the Rates Service Adjustment Amount for any Rates Service Clearing Member wouldhas taken such action as it considers to be equalrequired to extinguish or greater thantransfer the rights and obligations of such a Defaulter; and (ii) any business day on which the Clearing House determines that a Loss Distribution Trigger Event has occurred, PROVIDED THAT, in each case, the Loss Distribution Period shall not extend beyond the Loss Distribution Cap Amount for such Loss Distribution DayCut-Off Date.

Loss Distribution Period means the period beginning from the date on which the Clearing House declares an HKCC Participant to be a Defaulter for an event of default to (but excluding) the Business Day on which all open Contracts registered in that Defaulter’s name have been successfully transferred, closed out, sold or settled and all receivables, payments and/or delivery obligations in respect of such Contracts have been discharged in full by the relevant party provided that each time another HKCC Participant is declared a Defaulter for an event of default during a prevailing Loss Distribution Period, such Loss Distribution Period shall, where applicable, be extended until the Business Day on which all open Contracts registered in such subsequent Defaulter’s name have been successfully transferred, closed out, sold or settled and the related receivables, payments and/or delivery obligations have been discharged in full by the relevant party and no new Loss Distribution Period will be established for such subsequent Defaulter; “Loss Distribution Process” means the process of applying any VA Flow Adjustment to each clearing account of each HKCC Participant as described in Rules 710 to 714; “Margin Balance” means, in respect of an HKCC Participant and a clearing account, the aggregate value of variation adjustment, margin and collateral (including any excess collateral) provided by such HKCC Participant, in each case, as recorded in the corresponding CCMS Collateral Account; “Notice of Assessment” means a written notification provided by the Clearing House to HKCC Participants of any demand for Assessments pursuant to Rule 707A; “Relevant CP Contracts” means the open Contracts of the relevant HKCC Participant to be terminated under an HKCC Failure to Pay Event as referred to in Rule 547 or 549; “Reserve Fund Deposits Balance” means, on any Business Day, with respect to each HKCC Participant, the aggregate value of the HKCC Participant’s Deposits and HKCC Participant Additional Deposits provided by the HKCC Participant, as reduced by payments out of the Reserve Fund allocated to such HKCC Participant’s Deposits and/or HKCC Participant Additional Deposits, as applicable, in accordance with Rule 706; “Reserve Fund Resources” means the Reserve Fund and any other amounts specified as forming part of the Reserve Fund Resources in the Rules;