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.