Reverse Contract definition

Reverse Contract means in relation to any Leveraged FX Contract (the “underlying Contract”), the Leveraged FX Contract having the same Maturity date as the underlying Contract, which provides for the delivery by one party to the other of the amount of the currency due to be delivered by the second mentioned party to the first mentioned party under the underlying Contract for the purpose of discharging in whole or in part the obligations to deliver the currency under the underlying Contract.
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Reverse Contract means, in relation to any FX Contract (the “underlying FX Contract”), an FX Contract having the same Maturity Date as the underlying FX Contract, which provides for the delivery by one party to the other of the amount of the currency due to be delivered by the second mentioned party to the first mentioned party under the underlying FX Contract for the purpose of discharging in whole or in part the obligations to deliver the currency under the underlying FX Contract.
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Examples of Reverse Contract in a sentence

  • If it becomes necessary to discontinue or suspend service on one or more transponders on the Satellite, and operational circumstances allow SES Americom to select the transponder or transponders to be discontinued or suspended, SES Americom will make such selection in Reverse Contract Order, without distinction, for purposes of this Section, between the Satellite's C-band and Ku-band payloads.

  • If access to Protection Transponders on the Satellite is required for more than one Ku-band transponder as a result of simultaneous transponder failures, such access shall be granted in Contract Order (defined as the opposite order from Reverse Contract Order).

  • Notwithstanding the foregoing, any service being provided to the United States Government or any department or agency thereof, whether directly or indirectly, may be deemed, in SES’s sole discretion, to have a higher priority than Customer in the Reverse Contract Order.

  • If it becomes necessary to discontinue or suspend service on one or more transponders on the Satellite, and operational circumstances allow EHC to select the transponder or transponders to be discontinued or suspended, EHC will make such selection in Reverse Contract Order.

  • GECEL shall attempt to restore Customer's Transponder ------------------ once should it become a Transponder Failure by utilizing any available Replacement Transponder on the Satellite on a first-needed, first-served basis; provided, that if restoration of more than one transponder on the Satellite is required as a result of a single event or simultaneous event, access to Replacement Transponders shall be granted in Contract Order (defined as the opposite order from Reverse Contract Order).

  • If it becomes necessary to discontinue or suspend service on one or more transponders on the Satellite, and operational circumstances allow GE Americom to select the transponder or transponders to be discontinued or suspended, GE Americom will make such selection in Reverse Contract Order, without distinction for purposes of this Section, between the Satellite's C-band and Ku-band payloads.

  • If it becomes necessary to discontinue or suspend service on one or more transponders on the Satellite, and operational circumstances allow GECEL to select the transponder or transponders to be discontinued or suspended, GECEL will make such selection in Reverse Contract Order.

  • GE Americom, where technically and operationally feasible, will preempt Preemptible Transponders in Reverse Contract Order.

  • If it becomes necessary to discontinue or suspend service on one or more transponders on the Satellite, and operational circumstances allow EchoStar to select the transponder or transponders to be discontinued or suspended, EchoStar will make such selection in Reverse Contract Order.

Related to Reverse Contract

  • Lease contract means the total legal obligation that results from the lease agreement as affected by this article and any other applicable rules of law. Unless the context clearly indicates otherwise, the term includes a sublease contract.

  • Guarantee/Warranty/ Defect Liability Period (DLP) means the period and other conditions governing the warranty/guarantee/defect liability period of the services as provided in the Contract.

  • Engineer in charge (EIC) means Assistant Executive Engineer.

  • Settlement Receivable means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person.

  • reverse charge ’ means the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of such goods or services or both under sub-section (3) or sub-section (4) of section 9, or under sub-section (3) or sub-section (4) of section 5 of the Integrated Goods and Services Tax Act;