Purchase Position definition
Purchase Position means the Position held by a Buyer for (i) the purchase of an Underlying Asset and/or (ii) the payment of a Settlement Amount or (iii) the right to exercise an option; "Realised Variation Margin" (or "RVM") has the meaning set out in Clearing Procedure C4.2(a); "Receive Entitlement" means an entitlement under a Contract for a Buyer to receive Underlying Assets from the Seller; "Recognition Regulations" means the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges and Clearing Houses) Regulations 2001, as amended from time to time; "Refund" has the meaning set out in Rule 10.11 (Refunds); "Registered Intermediating Broker" or "RIB" means a member of the LME that is authorised to arrange Transactions between members of the LME and/or their clients, and holding the "RIB Membership" category under the LME Rules; "Regulator" means, in relation to any person, any regulatory body that has responsibility for regulating the conduct of that person's securities, clearing and / or banking business; "Release Clause" has the meaning set out in Annex 9 (Account Transfer Process); “Relevant Account” has the meaning set out in Rule 10.7.6(b); "Relevant Default Fund" means, as the context may require, the Default Fund that relates to a Service in which the Member participates; "Relevant DF Minimum Threshold" means the minimum size of Default Fund that LME Clear is required to maintain at any time in order to satisfy its obligations under EMIR, being the higher of:
Examples of Purchase Position in a sentence
Except as specified in the Schedule of Exceptions, no outstanding agreements, plans or provisions of the Company's articles of incorporation, bylaws or other such documents will affect the "Shares Purchase Position" of the Investor (defined as such percentage holding of Company Common Stock as the Investor would have if the Shares purchase pursuant to Section 2.1 were given effect as of the date of this Agreement) as set forth on the Closing Capitalization Table attached hereto as Exhibit C.