Examples of Initial Authorised Participant in a sentence
Notwithstanding anything to the contrary in these Conditions, for the avoidance of doubt, neither the approval of ETP Securityholders by way of an Extraordinary Resolution of ETP Securityholders or otherwise or the consent of the Trustee is required (without limitation) in connection with the accession of a new Authorised Participant to the Programme or the termination of the appointment of an existing Authorised Participant (including the Initial Authorised Participant).
N.C. (the "Initial Authorised Participant") and each Authorised Participant whose name is published on the Issuer's website (xxx.xxxxxxxxxxxxxx.xxx) and who is identified as an authorised offeror for these ETP Securities (each an "Authorised Offeror").
BNP Paribas Arbitrage S.N.C. is the Initial Swap Provider and the Initial Authorised Participant.
BNP Paribas Arbitrage S.N.C. is the Initial Authorised Participant.
In the event that such profit or loss on the transactions is not accepted by the Initial Authorised Participant, the Arranger will bear such profit or loss.
The Initial Authorised Participant shall perform the duties and obligations expressed to be performed by it in this Authorised Participant Agreement, the Operating Procedures Agreement, any other Programme Document to which it is a party in its capacity as Initial Authorised Participant and any other agreement or document which the parties to this Authorised Participant Agreement agree is to apply to any relevant Series of ETP Securities.
Subject to Clause 2.7, the amount payable by the Initial Authorised Participant in respect of such ETP Securities shall be payable on the Series Issue Date in same day funds.
If the Initial Authorised Participant changes the address of its specified office in a city, it shall, as soon as reasonably practicable, give the Issuer, the Trustee and the Issuing and Paying prior written notice of the change, giving the new address and the date on which the change is to take effect.
The Initial Authorised Participant concerned shall forthwith notify such an event to the other parties to this Authorised Participant Agreement.
The Initial Authorised Participant may waive any of the conditions precedent in this Clause 12.