Liquidation Provisions definition

Liquidation Provisions means the provisions of Article XII of this Appendix E and Article 7 of the Agreement.
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Examples of Liquidation Provisions in a sentence

  • The distribution rules under Commodities Broker Liquidation Provisions differ dramatically from the distribution scheme set forth under § 726 of the Bankruptcy Code.

  • But since we have assumed before that if multiple disclosure policies7In a completely uninformative system, µA = µh = µ0.give the issuer the same expected payoff, she selects the one that is the least informative (and thus the least costly if we assume an infinitesimal cost of reduction in entropy due to the disclosure that varies with the informativeness of the system).

  • The interplay between SIPA and the Commodity Broker Liquidation Provisions is not completely clear as the SEC and CFTC have yet to develop a common framework for dual SIPC insured broker- dealer/FCM proceedings.

  • The purpose of the Commodity Broker Liquidation Provisions is to ensure that the risk of a commodity broker’s bankruptcy is not borne by the customer.

  • However, the Commodity Broker Liquidation Provisions contain certain protections from avoidance, which could, under certain circumstances, protect transfers made in connection with the porting process.

  • In contrast to a conventional Chapter 7 proceeding, where the trustee is directed to reduce to money the property of the estate as expeditiously as is compatible with the best interests of the parties in interest, see 11 U.S.C. § 704(a)(1), the Commodity Broker Liquidation Provisions include provisions to facilitate the distribution of customer property in the form of transfers of open commodity contracts and associated margin equity to other FCMs, to the extent consistent with pro rata distribution.

  • As required under the Commodity Broker Liquidation Provisions and the Part 190 Regulations, the Trustee has begun to administer the orderly liquidation of customer commodity accounts that were not transferred by 5:00 p.m. on November 11, 2011.1 See 17C.F.R. § 190.02(f)(1).

  • The Global Fund has a Memorandum of Understanding with UNAIDS, which has been renewed annually since 2003.

  • That liquidation is administered pursuant to the Commodity Broker Liquidation Provisions, as supplemented by the CEA, 7 U.S.C. § 1 et seq., and the Part 190 Regulations promulgated by the CFTC thereunder.

  • The Commodity Broker Liquidation Provisions support porting of Positions and associated margin by imposing a “best efforts” duty on the trustee to effectuate a bulk transfer and by providing safe harbors from avoidance by the trustee for certain transfers of customer property.

Related to Liquidation Provisions

  • Subordination Provisions has the meaning specified in Section 8.01(l).

  • Specific Redemption Provisions means, with respect to a Special Dividend Period either, or any combination of, (i) a period (a "Non-Call Period") determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during which the shares of AMPS subject to such Dividend Period shall not be subject to redemption at the option of the Corporation and (ii) a period (a "Premium Call Period"), consisting of a number of whole years and determined by the Board of Directors of the Corporation, after consultation with the Auction Agent and the Broker-Dealers, during each year of which the shares of AMPS subject to such Dividend Period shall be redeemable at the Corporation's option at a price per share equal to $25,000 plus accumulated but unpaid dividends plus a premium expressed as a percentage of $25,000, as determined by the Board of Directors of the Corporation after consultation with the Auction Agent and the Broker-Dealers.

  • Redemption Provisions Initial Redemption Date: Initial Redemption Percentage: Annual Redemption Percentage Reduction, if any: Repayment Provisions: Optional Repayment Date(s):

  • Arrangement Provisions means Part 9, Division 5 of the BCBCA;

  • Liquidation Event With respect to any Mortgage Loan, any of the following events: (i) such Mortgage Loan is paid in full; (ii) a Final Recovery Determination is made as to such Mortgage Loan; or (iii) such Mortgage Loan is removed from REMIC I by reason of its being purchased, sold or replaced pursuant to or as contemplated by Section 2.03, Section 3.16(a) or Section 9.01. With respect to any REO Property, either of the following events: (i) a Final Recovery Determination is made as to such REO Property; or (ii) such REO Property is removed from REMIC I by reason of its being purchased pursuant to Section 9.01.

  • Indemnification Provisions means each of the Debtors’ indemnification provisions currently in place whether in the Debtors’ bylaws, certificates of incorporation, other formation documents, board resolutions, or contracts for the current and former directors, officers, managers, employees, attorneys, other professionals, and agents of the Debtors and such current and former directors’, officers’, and managers’ respective Affiliates.

  • Adjustment Provisions means all relevant provisions of these Conditions which provide for any adjustment, delay, modification, cancellation or determination in relation to an Index, the valuation procedure for an Index or the Preference Shares. This shall include the provisions of Condition 11 (Calculation Agent Modifications) and all subsequent Conditions.

  • REIT Provisions of the Code means Sections 856 through 860 of the Code and any successor or other provisions of the Code relating to real estate investment trusts (including provisions as to the attribution of ownership of beneficial interests therein) and the regulations promulgated thereunder.

  • ESG Pricing Provisions has the meaning specified in Section 2.18.

  • 10% in liquidation amount of the Securities means Holders of outstanding Securities voting together as a single class or, as the context may require, Holders of outstanding Capital Securities or Holders of outstanding Common Securities voting separately as a class, who are the record owners of 10% or more of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all outstanding Securities of the relevant class.

  • Liquidation Amount means $1,000 per share of Designated Preferred Stock.

  • Senior Liquidation Amount For any Distribution Date, the sum of (A) the aggregate, for each Mortgage Loan which became a Liquidated Mortgage Loan during the Prior Period, of the lesser of: (i) the Senior Percentage of the Principal Balance of such Mortgage Loan and (ii) the Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan and (B) the Senior Prepayment Percentage of any Subsequent Recoveries for such Distribution Date.

  • Liquidation Distribution has the meaning specified in Section 9.4(d).

  • Subordinate Liquidation Amount For any Distribution Date and each Loan Group, the excess, if any, of the aggregate Liquidation Principal of Mortgage Loans related to that Loan Group which became Liquidated Mortgage Loans during the prior calendar month over the related Senior Liquidation Amount for that Distribution Date.

  • Grantor Trust Provisions Subpart E of part I of subchapter J of the Code and Treasury Regulations Section 301.7701-4(c).

  • Statement of Preferences means the Issuer's Statement of Preferences of Variable Rate Demand Preferred Shares, dated as of March 31, 2021, as amended from time to time in accordance with the provisions thereof.

  • Relevant Provisions means, in respect of the Determination Agent, the provisions of the Determination Agency Agreement, the Trust Deed, and the Conditions.

  • Subordination Event means any one of the following events:

  • Majority in liquidation amount of the Securities means Holder(s) of outstanding Securities voting together as a single class or, as the context may require, Holders of outstanding Capital Securities or Holders of outstanding Common Securities voting separately as a class, who are the record owners of more than 50% of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid Distributions to the date upon which the voting percentages are determined) of all outstanding Securities of the relevant class.

  • Liquidating Events shall have the meaning set forth in Section 13.1.

  • Standard Provisions mean these Standard Provisions that form a part of the Certificate of Designations relating to the Designated Preferred Stock.

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • 10% in Liquidation Amount means, except as provided in the terms of the Capital Securities or by the Trust Indenture Act, Holder(s) of outstanding Securities, voting together as a single class, or, as the context may require, Holders of outstanding Capital Securities or Holders of outstanding Common Securities, voting separately as a class, who are the record owners of 10% or more of the aggregate liquidation amount (including the stated amount that would be paid on redemption, liquidation or otherwise, plus accumulated and unpaid Distributions to the date upon which the voting percentages are determined) of all outstanding Securities of the relevant class.

  • Surviving Provisions has the meaning specified in Section 10.02.