Local Exchange definition

Local Exchange means a legal entity that: (i) is based in the country of establishment of the Executing Broker; (ii) is a licensed stock exchange under the rules of the country of establishment of the Executing Broker; (iii) is a Participating Exchange that has concluded a Participation Agreement with SEE Link that is valid on the Effective Date of this Agreement; and (iv) has admitted the Executing Broker as its member.
Sample 1Sample 2Sample 3
Local Exchange. Local traffic to be terminated on each party's local network so that customers of either party have the ability to reach customers of the other party without the use of access codes.
Sample 1Sample 2Sample 3
Local Exchange means a facility in the public switched telecommunications network to which user lines are connected within a local exchange;
Sample 1Sample 2

Examples of Local Exchange in a sentence

  • Closure of the Competitive Local Exchange Carriers (“CLECs”) In August 2002, the Company filed a motion with the Bankruptcy Court for approval to close operations in 14 markets that were served by the Company’s CLECs. The CLECs provided local telephone service to certain geographic markets and competed with local telephone exchange carriers.

  • The CRTC has determined the per line/per band portable subsidy rate for all Local Exchange Carriers.

  • Subtending Central Offices shall be determined in accordance with and as identified in the Local Exchange Routing Guide (LERG).

  • In addition, for jointly provided intraLATA 800/888 Service Traffic between two Local Exchange Carriers, the Originating Company is responsible for billing its tariffed Basic 800/888 Number Query charge to the Terminating Company.

  • For purposes of calculating the access charges due Local Exchange Carriers with respect to 800/888 Service Traffic, the Originating Company shall be deemed the Terminating Company.

  • Any corporation or other person legally able to provide Local Exchange Service in competition with an ILEC.

  • NextWave will support COMPANY's move of the numbers to the new wireless network, for a nominal charge, ensuring proper addressing and recording for the Local Exchange Routing Guide ("LERG").

  • To the extent the correct provider can be determined, misdirected calls received by either Party will be referred to the proper provider of Local Exchange Service; however, nothing in this Agreement shall be deemed to prohibit Qwest or CLEC from discussing its products and services with CLEC's or Qwest's End User Customers who call the other Party seeking such information.

  • SAVVIS does not guarantee or warrant the performance of the Tail Circuit or the performance by the Local Exchange Carrier of its obligations under any contract between SAVVIS and the Local Exchange Carrier, applicable laws and regulations, or standards of the industry.

  • It shall be the responsibility of each Party to program and update its own switches and network systems pursuant to the Local Exchange Routing Guide ("LERG") guidelines to recognize and route traffic to the other Party's assigned NXX codes at all times.


More Definitions of Local Exchange

Local Exchange. CARRIER" (LEC) is As Defined in the Act.
Sample 1Sample 2
Local Exchange means any person that is engaged in the provision of Telephone Exchange Service or Exchange Access. Such term does not include a person insofar as such person is engaged in the provision of a commercial mobile service under Section of the Act, except to the extent that the FCC finds that such service should be included in the definition of such term.
Sample 1
Local Exchange is the geographic territory delineated as a Local Exchange area for ICTC by official ICC boundary maps.
Sample 1
Local Exchange means a facility in the public switched telecommunica- tion network to which user lines are connected within a local exchange; ‘local exchange area’ means a geographically defined and limited area, as 5 defined by the exchange area code allocated by the Authority for that area, to which all exchange lines are connected and which are served by
Sample 1
Local Exchange. CARRIER" (LEC) is As Defined in the Act. GENERAL TERMS AND CONDITIONS-SBC-13STATE PAGE 00 XX 00 XXX-00XXXXX/XXXXX XXXXXXX XX XXXXXXXX 000000
Sample 1
Local Exchange means any exchange equipped with suitable facilities, capability and interface to serve the Consumer.
Sample 1

Related to Local Exchange

  • National Exchange means the Nasdaq National Market or any other national exchange on which the Common Stock of the Corporation is listed.

  • Principal Exchange means, in respect of a Share, any stock exchange or quotation system on which such Share is listed. As of the date of this Information Statement, the Principal Exchange for each Share is as set forth under "Summary Information Regarding the Companies".

  • Local Exchange Carrier or "LEC" means any Carrier that is engaged in the provision of telephone Exchange Service or Exchange Access. Such term does not include a Carrier insofar as such Carrier is engaged in the provision of a commercial mobile service under Section 332(c) of the Act, except to the extent that the FCC finds that such service should be included in the definition of such term.

  • Optional Exchange means the exchange of the Certificates by the Trust for the Underlying Securities pursuant to Section 7(a) hereof.

  • Local Exchange Carrier (LEC) Shall have the meaning set forth in 47 U.S.C. §153. Local Exchange Routing Guide (LERG): The Telcordia Technologies reference customarily used to identify NPA-NXX routing and homing information, as well as equipment designation. Local Interconnection Trunk or Local Interconnection Trunk Group: One-way or two-way trunks or trunk groups used to exchange Local Traffic between a switch of one Party and a switch of the other Party.

  • Relevant Exchange means the Relevant Exchange as specified in § 2 of the Product and Underlying Data.In the case of a material change in the market conditions at the Relevant Exchange, such as a final discontinuation of the quotation of the Underlying at the Relevant Exchange and the quotation at a different stock exchange or a considerably restricted number or liquidity, the Relevant Exchange shall be substituted as the Relevant Exchange by another exchange that offers satisfactorily liquid trading in the Underlying (the "Substitute Exchange"); such exchange shall be determined by the Calculation Agent acting in accordance with relevant market practice and in good faith. In this case, any reference to the Relevant Exchange in the Terms and Conditions of these Securities shall be deemed to refer to the Substitute Exchange.

  • Reference Exchange means XETRA.

  • Primary Exchange means, with respect to each Index constituent or each constituent underlying a Successor Index, the primary exchange or market of trading such Index constituent or such constituent underlying a Successor Index.

  • Final Exchange Bulletin means the Exchange Bulletin which is issued following closing of the Qualifying Transaction and the submission of all required documentation and that evidences the final Exchange acceptance of the Qualifying Transaction.

  • Competitive Local Exchange Carrier (CLEC) means any company or person authorized to provide local exchange services in competition with an ILEC.

  • Applicable Exchange means the New York Stock Exchange or such other securities exchange as may at the applicable time be the principal market for the Common Stock.

  • Data Local Exchange Carrier or "DLEC" is a CLEC interconnecting primarily for purposes of transporting data.

  • Related Exchange means each exchange or quotation system where trading has a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to the FTSE 100, including any transferee or successor to any such exchange or quotation system or any substitute exchange or quotation system to which trading in futures or options contracts relating to the FTSE 100 has temporarily relocated (provided that the Calculation Agent has determined that there is comparable liquidity relative to

  • Optional Exchange Date means any date on which Underlying Securities subject to Optional Exchange are distributed to a Certificateholder.

  • Local exchange service means local switched telecommunications service within any local exchange service area approved by the state corporation commission, regardless of the medium by which the local telecommunications service is provided. The term local exchange service shall not include wireless communication services.

  • Hong Kong Stock Exchange means The Stock Exchange of Hong Kong Limited;

  • Competitive Local Exchange Carrier (CLEC) means a telephone company certificated by the Commission to provide local Exchange Service within AT&T-21STATE’s franchised area.

  • Approved Exchange means the New York Stock Exchange and/or the Nasdaq Stock Market.

  • SIX Swiss Exchange means SIX Swiss Exchange AG and any successor thereto; and

  • Designated Exchange means any of The New York Stock Exchange, The NASDAQ Global Select Market, The NASDAQ Global Market, or any successor to any of the foregoing.

  • Currency exchange means receipt of compensation from the exchange of money of one government for money of another government.

  • Recognized Exchange means The New York Stock Exchange or the Nasdaq National Market.

  • Direct Exchange has the meaning set forth in Section 11.03(a).

  • Local Exchange Routing Guide or "LERG" means a Telcordia Technologies Reference Document used by LECs and IXCs to identify NPA-NXX routing and homing information as well as Network Element and equipment designations. "Local Interconnection Service (LIS) Entrance Facility" is a DS1 or DS3 facility that extends from CLEC's Switch location or Point of Interconnection (POI) to the CenturyLink Serving Wire Center. An Entrance Facility may not extend beyond the area served by the CenturyLink Serving Wire Center. "Local Interconnection Service (LIS)" is the CenturyLink product name for its provision of Interconnection as described in Section 7 of this Agreement.

  • Relevant Stock Exchange for the Fund means the primary exchange or quotation system on which shares (or other applicable securities) of the Fund are traded, as determined by the Calculation Agent.