Step-Out definition

Step-Out means a transaction placed at one broker dealer and then “given up” or “stepped out” by that broker dealer to another broker dealer for credit. This may benefit the client by finding a natural buyer or seller of a particular security and enable a larger block of shares to be traded more efficiently.
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Step-Out has the meaning given to it in clause 43.2 (Step-Out).
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Step-Out has the meaning given in Clause 36.6 (Authority Step-Out);
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Examples of Step-Out in a sentence

  • Subject to Clause 36.7 (Authority Step-Out), on the date on which the obligations contained in the Step-Out Plan have been achieved: the Authority will be released from all of its obligations and liabilities in relation to the Required Action and the Step-Out Plan other than its obligations to pay the Contractor as required in this Clause 36 (Authority Step-In); and the Contractor shall resume all or any part of the Contractor Deliverables which was the subject of the Required Action.

  • On receipt of the notice referred to in Clause 36.6 (Authority Step-Out), the Parties shall jointly agree: the method by which the Authority shall Step-Out; and a step out plan (a “Step-Out Plan”) which shall include the actual date that the Authority shall step out and the Contractor shall resume performance of the Contractor Deliverables.

  • If HSE does not approve the draft Step-Out Plan, HSE shall inform the Provider of its reasons for not approving it.

  • HSE shall not withhold or delay its approval of the draft Step-Out Plan unnecessarily.

  • The Provider shall then revise the draft Step-Out Plan taking those reasons into account and shall re-submit the revised plan to HSE for HSE's approval.

Related to Step-Out

  • Step One In accordance with the requirements of formal filing listed in Section 2 of this Article, the grievance must be presented in writing to the appropriate assignment Department Chair. (If the grievant is in an administrative unit with no chair, then this step is omitted.) As an exception to this requirement that grievances commence at Step One, a grievance may first be presented at Step Two or Three of this procedure if the action being grieved originated with the ▇▇▇▇ or ▇▇▇▇▇▇▇ respectively.

  • Step 1 The aggregate amount of qualified investments for the Taxable Year multiplied by the Award Percentage equals the maximum credit amount eligible for the qualified investments made in that Taxable Year (the “Maximum Taxable Year Credit Amount”);

  • Step 3 The result in Step 1 above multiplied by the result in Step 2 above equals the eligible credit amount for that Taxable Year’s qualified investments (the “Taxable Year Credit Amount”).

  • Step 2 The Union Representative or Representatives may take the matter up with the Employer official designated by the Employer to handle Labour Relations matters. If the matter is not taken up within ten (10) calendar days of the date the Union received the written reply to the grievance in Step 1, it shall be deemed to have been abandoned and further recourse to the Grievance Procedure shall be forfeited.