Novated Contract definition

Novated Contract. A contract between the Clearing House and a Trading Clearing Participant arising as a result of the novation of an On-Market Transaction referred to in Rule 5.1A(a).
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Novated Contract has the meaning set forth in Section 11.4.
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Novated Contract means a novated contract submitted, and approved in writing by the Insurer and detailed on the Schedule.
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Examples of Novated Contract in a sentence

  • For avoidance of doubt, this Chapter shall apply to all ISS Transaction resulting either from Novated Contract or Direct Business Contract.

  • No cover is provided for liabilities in the Novated Contract that were not covered by the Policy prior to the novation.

  • The marked-to-market gain or loss of each Novated Contract is calculated based on the difference between the Valuation Price of the security of the Novated Contract and the price at which the Novated Contract is bought and sold, as well as the quantity of securities in the Novated Contract.

  • The marked-to-market gains and losses of a Clearing Member’s Novated Contracts are aggregated to determine its Clearing Member Variation Margins: Clearing Member Variation Margins = Sum of (Valuation Price – Traded Price) × (buy quantity – sell quantity) of securities in each Novated Contract across all unsettled Novated Contracts of the Clearing Member Positive results are Clearing Member Variation Margin gains.

  • For the avoidance of doubt, the termination of each Novated Contract shall be without prejudiceto any of the rights or remedies of CDP thereunder and CDP's right to damages in respect of any breach (whether antecedent or otherwise)under each Novated Contract shall not be extinguished.

  • Upon the assumption reinsurance of each UNUM Contract and First UNUM Contract (each now a ‘‘Novated Contract’’), Lincoln Life or Lincoln Life on NY will assume all of UNUM’s or First UNUM’s liabilities under the Novated Contract.

  • The marked-to- market gain or loss of each Novated Contract is calculated based on the difference between the Valuation Price of the security of the Novated Contract and the price at which the Novated Contract is bought and sold, as well as the quantity of securities in the Novated Contract.

  • Where a Professional Service has been novated under a written contract (the "Novated Contract") to theInsured, Exclusion 3.3 (Contractual or Commercial Liabilities) will not apply to the Novated Contract.

  • Comment [B25]: Consequential to reflecting some of the buying-in provisions that will be removed from the Exchange Rules and included in Rule 5.2A below.(b) The Clearing House’s obligation to deliver Securities to a buying Clearing Participant pursuant to a Novated Contract on any due settlement day shall be discharged by the crediting of such Securities to the relevant securities account of the buying Clearing Participant or the buying Clearing Participant’s client by 9.00am on the due settlement day.

  • This would wholly eliminate the economic and other impacts of this rule.


More Definitions of Novated Contract

Novated Contract means any deed of novation or novation agreement specified by endorsement to this policy.
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Novated Contract shall have the meaning set forth in Article III ---------------- hereof.
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Novated Contract means the Original Contract as novated by this Deed;
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Novated Contract shall have the meaning set forth in Section 2.3(a).
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Novated Contract means any Residual Contract listed in Part 2 of Schedule 5;
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Novated Contract means any deed of novation or novation agreement specified by endorsement to this policy. 6.20 Period of Insurance
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Related to Novated Contract

  • Related Contract means: (i) in relation to the SwapClear Service, a RelatedSwapClear Contract (as such term is defined in the Procedures); (ii) in relation to the RepoClear Service, a Related RepoClear Contract (as such term is defined in the Procedures); (iii) in relation to the ForexClear Service, a Related ForexClear Contract (as such term is defined in the Procedures); (iv) in relation to the EquityClear Service, a Related EquityClear Contract (as such term is defined in the Procedures); (v) in relation to the Listed Interest Rates Service, a Related Listed Interest Rates Contract (as such term is defined in the Procedures)"Relevant Auction Contract"has the meaning given to the term in the Client Clearing Annex"Relevant Business"has the meaning as described in Default Rule 15(c)"Relevant Client Clearing Business"means the Client Clearing Business conducted by a particular Clearing Member in a particular Service"Relevant Contract"has the meaning assigned to it in the Client Clearing Annex"Relevant Default"has the meaning ascribed to it in Rule S1 of Part A of the Rates Service Default Fund Supplement - SwapClear, Rule F2 of the ForexClear Default Fund Supplement or Rule R2 of the RepoClear Default Fund Supplement, as applicable"Relevant FX Amounts"means, in respect of a ForexClear Option Clearing Member and a day, all amounts that are due to be received by such ForexClear Option Clearing Member on such day under a ForexClear Option Contract, ForexClear Swap Contract, ForexClear Deliverable Forward Contract and/or ForexClear Spot Contract in any ForexClear Currency"Relevant FX Liability"has the meaning assigned to it in Regulation 101"re-opening contract"means a contract arising pursuant to Regulation 30(b) or 30(c)"RepoClear Additional Payments Cap"means, in respect of a RCM on any date, an amount equal to the Clearing Member Current Collateral Balance of that RCM in connection with its RepoClear Business as at the date of the Default causing losses leading to an Insufficient Resources Determination (or, where such an Insufficient Resources Determination is made following concurrent Defaults, the date of the earliest Default)"RepoClear Business"means any transaction, obligation or liability arising out of any Fixed Income Contract

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Non-negotiated contract means a contract whose terms, other than the terms contained in point 11.C. (given below) are not negotiated between the parties to the financial contract and includes –

  • Assigned Contract has the meaning set forth in Section 1.5(a).

  • Covered contract means a DoD prime contract for an amount exceeding the simplified acquisition threshold, except for a fixed-price contract without cost incentives. The term also includes a subcontract for an amount exceeding the simplified acquisition threshold, except for a fixed-price subcontract without cost incentives under such a prime contract.

  • Terminated Contracts has the meaning set forth in Section 5.6(a).

  • Assumed Contract means any Executory Contract or Unexpired Lease assumed by the Reorganized Debtors in accordance with Article V of the Plan.

  • Prepaid contract means any Contract that has terminated or been prepaid in full prior to its scheduled expiration date (including because of a Casualty Loss), other than a Defaulted Contract.

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Customer Contract means any written contract or agreement (other than trade contracts) between Seller and any of its customers (or under which Seller has rights) which has been entered into and signed by the parties thereto in connection with the publication of the Directories and corresponding provision of Directory Services.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Qualified Contract A Contract that qualifies under the Code as an individual retirement annuity (“IRA”) or a Contract purchased under a Qualified Plan that qualifies for special tax treatment under the Code. Qualified Plan — A retirement plan that receives favorable tax treatment under Section 401, 403, 408, 408A or 457 of the Code. Quarterly Contract Anniversary — Every three month anniversary of the Contract Date. SEC — Securities and Exchange Commission.

  • Specified Contract means any of the following Contracts (together with all exhibits and schedules thereto) to which the Company or any Subsidiary is a party:

  • Third Party Contract means a contract between Metrolinx and any other Person which is in any way related to, impacts or is impacted by the Services and/or the Consultant’s acts or omissions, whether expressly identified to the Consultant or not.

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • works contract means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property wherein transfer of property in goods (whether as goods or in some other form) is involved in the execution of such contract;

  • Insured Contract means any written:

  • Classified Contract means an agreement between two or more Contractors, which contains or the execution of which requires access to Classified Information;

  • Open Contract means a Contract which has not been closed out and which has not yet matured;

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • Federal-Aid Contract means a contract in which the United States (federal) Government provides financial funding as so designated in the Information for Bidders.

  • Shared Contract shall have the meaning set forth in Section 2.8(a).

  • Key Sub-Contract means each Sub-Contract with a Key Sub-Contractor;

  • Customer Contracts has the meaning set forth in Section 1.1(b)(ii)(A).