Rule change definition

Rule change means the changing of fund rules by varying or deleting existing rules and adding new rules.
Rule change means any change in any Capital Adequacy Rule occurring after the date of this Agreement, but the term does not include any changes in applicable requirements that at the Closing Date are scheduled to take place under the existing Capital Adequacy Rules or any increases in the capital that any Related Lender is required to maintain to the extent that the increases are required due to a regulatory authority's assessment of the financial condition of such Related Lender.
Rule change means any change in any Capital Adequacy Rule or L/C Rule occurring after the date of this Agreement, or any change in the interpretation or administration thereof by any governmental or regulatory authority, but the term does not include any changes that at the Funding Date are scheduled to take place under the existing Capital Adequacy Rules or L/C Rules or any increases in the capital that the Lender is required to maintain to the extent that the increases are required due to a regulatory authority's assessment of that Lender's financial condition. The initial notice sent by the Lender shall be sent as promptly as practicable after the Lender learns that its Return has been reduced, shall include a demand for payment of the amount necessary to restore the Lender's Return for the quarter in which the notice is sent, and shall state in reasonable detail the cause for the reduction in its Return and its calculation of the amount of such reduction. Thereafter, the Lender may send a new notice during each calendar quarter setting forth the calculation of the reduced Return for that quarter and including a demand for payment of the amount necessary to restore its Return for that quarter. The Lender's calculation in any such notice shall be conclusive and binding absent demonstrable error.

Examples of Rule change in a sentence

  • Legal5.3 Changes to the Rules must be in accordance with Rules 90.1 to 90.4, and approval must be sought from three quarters of the votes at a Special General Meeting, in addition to the consents detailed at 5.4. As a matter of courtesy, HHP’s funder will also be informed of any Rule change.

  • A Regional Entity shall submit a Regional Entity Rule or Rule change to the Electric Reliability Organiza- tion and, if approved by the Electric Reliability Organization, the Electric Reliability Organization shall file the proposed Regional Entity Rule or Rule change with the Commission for ap- proval.

  • The Panel however notes that compensation arrangements are not currently within the Panel's remit and a Rule change will be required to address Delta's concerns regarding the compensation of such non- SRAS power system elements.

  • The Electric Reliability Organiza- tion shall file with the Commission for approval any proposed Electric Reli- ability Organization Rule or Rule change.

  • Any filing by the Electric Reli- ability Organization shall be accom- panied by an explanation of the basis and purpose for the Rule or Rule change, together with a description of the proceedings conducted by the Elec- tric Reliability Organization or Re- gional Entity to develop the proposal.


More Definitions of Rule change

Rule change means the adoption, amendment, or repeal of an operating rule by the board.
Rule change means a new Rule, or an amendment, a revocation or a suspension of an existing Rule.
Rule change means the adoption, amendment, or repeal of an operating
Rule change means the adoption, amendment, or repeal of an operating rule by the board of directors of the association.
Rule change means any change in any Capital Adequacy Rule occurring after the date of this Agreement, but the term does not include any changes in applicable requirements that at the Closing Date are scheduled to take place under the existing Capital Adequacy Rules or any increases in the capital that any Related Lender is required to maintain to the extent that the increases are required due to a regulatory authority's assessment of the financial condition of such Related Lender. "Related Lender" includes (but is not limited to) the Lender, any parent corporation of the Lender and any assignee of any interest of the Lender hereunder and any participant in the loans made hereunder. Certificates of any Related Lender sent to the Borrower from time to time claiming compensation under this Section 2.5, stating the reason therefor and setting forth in reasonable detail the calculation of the additional amount or amounts to be paid to the Related Lender hereunder to restore its Return shall be conclusive absent manifest error. In determining such amounts, the Related Lender may use any reasonable averaging and attribution methods. Maturity Date. This Agreement and the other Loan Documents shall become effective as of the date set forth on the first page hereof ("Effective Date") and shall continue in full force and effect for a term ending on the date two years after the Effective Date (the "Maturity Date"), unless earlier terminated by Lender or Borrower pursuant to the terms hereof. Upon the Termination Date, Borrower shall immediately pay to Lender, in full, all outstanding and unpaid Obligations and shall furnish cash collateral to Lender in such amounts as Lender determines are reasonably necessary to secure Lender from loss, cost, damage or expense, including attorneys' fees and legal expenses, in connection with any contingent Obligations, including checks and other payments provisionally credited to the Obligations and/or as to which Lender has not yet received final and indefeasible payment. Upon final and indefeasible payment in full, Lender shall promptly refund to Borrower any cash collateral then held by Lender, if any. Voluntary Prepayment; Reduction of the Maximum Line; Termination of the Credit Facility by the Borrower. Except as otherwise provided herein, the Borrower may prepay the Advances in whole at any time or from time to time in part. The Borrower may terminate the Credit Facility if it (i) gives the Lender at least thirty (30) days prior written no...
Rule change means the package of individual rules that are new or proposed for amendment that the agency is requesting to publish and adopt together. Collectively this package of rules is the new policy the agency is proposing to implement.
Rule change has the meaning specified in Section 2.3(e).