Examples of Relevant Participant in a sentence
Where a Relevant Participant is clearing only Commodity Instruments or Seafood Instruments under these Clearing Rules, then any Default Loss shall, for the purpose of Sections7, 8.1 and 8.2, be allocated to Commodity Instruments or Seafood Instruments accordingly.
This paragraph5.15 and paragraph 5.14.1 shall not apply to a Relevant Participant which is a Local Planning Authority exercising its functions as such.
In the case of the investor/debtor group(s), a Relevant Participant might be the appropriately licensed securities broker responsible for placing the funding investments.
The Market Testing of each Market Tested Element shall, notwithstanding any other provision of this SchedulePart 6 ( New Project Pricing Report) (including, without limitation, the participation of the Relevant Participant(s) described in paragraph 5.2), be the responsibility of hubco (as between hubco and the Relevant Participant).
SCHEDULE 2 SENIORISATION OF CONTRIBUTED ASSETSThe provisions of this Schedule 2 will apply where, pursuant to the default of a Relevant Participant, a hedging and/or Auction process has been held as part of the default management process for such Relevant Participant.
A Relevant Participant that enters into more than one transaction as Principal and in the same class of Relevant Products, at the same time and for the same price, for the purposes of executing a Buy Order of one client against a Sell Order of another client, must take reasonable steps to ensure that those transactions are reported as a single transaction.
The Issuer and (if applicable) the CSD and the Relevant Participant shall be entitled to retain any amount payable upon the Notes to which any Person is so entitled until such Person shall be registered as aforesaid or until such time such Notes are duly transferred.
First, (i) where the Relevant Participant is a Default Fund Participant, all such Relevant Participant’s Contributed Assets (whether or not in excess of the Fund Requirement and whether or not pending release from the Clearinghouse at the relevant time); or (ii) where the Relevant Participant is a Default Fund Sponsored Participant, all Contributed Assets of the Associated Default Fund Participant, whether related to such Default Fund Sponsored Participant or otherwise.
Without limiting Rule 17, the Relevant Participant will not be entitled to any compensation in respect of any adjustment under this Rule 8, and the operation of Malus or Clawback will not limit any other remedy any member of the Group may have.
The Compensation Committee will notify the Relevant Participant of any application of Malus or Clawback under this Rule 8.