NDO definition
Examples of NDO in a sentence
The Non-Defaulting Owner must provide the funding by way of loan in the manner provided for by the relevant Call Notice (NDO Loan).
The parties shall confirm the Economic Terms (as defined in paragraph 5 below) of each NDO Transaction in a Confirmation (each such Confirmation, a “Transaction Confirmation”).
For the avoidance of doubt, if the parties sign onto or become subject to a Multilateral Master Confirmation after the Trade Date of a NDO Transaction, such Multilateral Master Confirmation shall not apply to or amend the terms of such NDO Transaction, unless expressly specified in such Multilateral Master Confirmation or otherwise agreed by the parties.
Any amendments or successor definitions to the 1998 Definitions are incorporated into this Master Confirmation with respect to each NDO Transaction that has a Trade Date that falls on or after the effective date of such amendments or successor definitions, and are referred to herein (together with the 1998 Definitions) as the FX Definitions.
If a Relevant EMTA Template has become effective on or before the Trade Date of a NDO Transaction with such Currency Pair, the terms of the Relevant EMTA Template shall supersede the relevant terms in the Addendum, but shall not apply to or amend the terms of any NDO Transaction with a Trade Date that precedes the effective date of the Relevant EMTA Template, unless otherwise agreed by the parties.
Contract with third parties for the administration of the investigatory and conciliation process established in the Wake NDO.
In the event of any inconsistency between the provisions of a Transaction Confirmation and the Master Agreement, the Transaction Confirmation shall prevail for the purpose of the relevant NDO Transaction.
The parties acknowledge that one or both parties to a NDO Transaction, acting directly or through a branch or an affiliate, may be requested to provide a quotation or quotations from time to time for the purpose of determining an industry rate for the Currency Pair that is the subject of the NDO Transaction and that such quotation may affect, materially or otherwise, the settlement of the NDO Transaction.
For the avoidance of doubt, if a Relevant EMTA Template becomes effective after the Trade Date of a NDO Transaction, such Relevant EMTA Template shall not apply to or amend the terms of such NDO Transaction, unless otherwise agreed by the parties.
If the parties elect to include in the Addendum terms for a NDO Transaction with a Currency Pair for which a Relevant EMTA Template has not become effective on the effective date of the Addendum, such terms shall govern each NDO Transaction for such Currency Pair with a Trade Date that falls before the effective date of a Relevant EMTA Template for such Currency Pair.