Examples of Professional Market Party in a sentence
In the event that such Noteholder is not a Professional Market Party and its Notes are not sold and transferred as set out in Condition 7(n) (Professional Market Party Redemption), the Issuer shall redeem such Notes in accordance with such Condition 7(n).
Professional market parties Each Noteholder is deemed to have represented that it is a Professional Market Party.
Notwithstanding the other provisions of this Condition 7(k), if, within five Business Days of the delivery of the PMP Notice by the Issuer, the Non PMP Holder produces a validly signed opinion of qualified, reputable Dutch counsel addressed to the Issuer and the Swap Counterparty that opines without reservation that the Non PMP Holder is a Professional Market Party, the other provisions of this Condition 7(k) shall not apply in respect of that Non PMP Holder.
If, on the date the Additional Facility Accession Agreement becomes effective, it is a requirement under Dutch law that a Lender needs to be qualified as a Professional Market Party, such Lender must make the declaration and representation set out in paragraph 4 of the Additional Facility Accession Agreement.
The definition of Professional Market Party is included under “Global – Dutch 1992 Act of the Supervision of the Credit System” in section “Subscription and Sale” of the Programme Memorandum of the Dutch Issuer.