Market Facility definition

Market Facility means any entity or organization that is: (1) subject to regulation as an exchange under applicable laws, rules or regulations of the country or jurisdiction in which such entity has a physical presence; or (2) a broker-dealer or other entity or organization that acts in an exchange-like capacity by virtue of it, as principal or agent, acting on a regular basis as an intermediary between buyers and sellers of financial instruments of any type. EXHIBIT B LICENSE FEES The Fund shall pay S&P License Fees computed as follows: The annual License Fees shall be the greater of $______ (the "Minimum Annual Fee") or ___ basis point (_____) of the average daily net assets of the Fund computed quarterly. The Minimum Annual Fee shall be payable on the Commencement Date and each one-year anniversary thereof. Amounts in excess of the Minimum Annual Fee shall be paid to S&P within thirty (30) days after the close of each calendar quarter in which they are incurred; each such payment shall be accompanied by a statement setting forth the basis for its calculation. The parties agree that the terms upon which License Fees are calculated pursuant to this Exhibit B shall be considered "Confidential Information" for purposes of Subsection 8(c) of this Agreement.
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Market Facility means any entity or organization that is: (1) subject to regulation as an exchange under applicable laws, rules or regulations of the country or jurisdiction in which such entity has a physical presence; or (2) a broker-dealer or other entity or organization that acts in an exchange-like capacity by virtue of it, as principal or agent, acting on a regular basis as an intermediary between buyers and sellers of financial instruments of any type. -------------------------------------------------------------------------------- [fund] -- 13 -- EXHIBIT B --------- LICENSE FEES ------------ The Fund shall pay S&P License Fees computed as follows: The annual License Fees shall be the greater of $ (the "Minimum Annual Fee") or of the average daily net assets of the Fund computed quarterly. The Minimum Annual Fee shall be payable on the Commencement Date and each one-year anniversary thereof. Amounts in excess of the Minimum Annual Fee shall be paid to S&P within thirty (30) days after the close of each calendar quarter in which they are incurred; each such payment shall be accompanied by a statement setting forth the basis for its calculation. The parties agree that the terms upon which License Fees are calculated pursuant to this Exhibit B shall be considered "Confidential Information" for purposes of Subsection 8(c) of this Agreement.
Sample 1

Examples of Market Facility in a sentence

  • The Money Market Loans made by any Bank to the Borrower shall be evidenced by a single Money Market Loan Note payable to the order of such Bank for the account of its Lending Office in an amount equal to the Money Market Facility Limit.

  • The Product specifically excludes shares or any other security, financial instrument or investment representing an ownership interest in the Product that can be purchased, sold or otherwise traded on a Secondary Market Facility.

  • Xxxx Title: Executive Vice President and Chief Financial Officer XXXXX FARGO BANK, NATIONAL ASSOCIATION, Administrative Agent, LC Issuer and Lender By: /s/ Xxxx Xxxxx Xxxx Xxxxx Vice President BNP PARIBAS, Lender By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Director By: /s/ Xxxx Xxxxxxxx Name: Xxxx Xxxxxxxx Title: Director SOCIÉTÉ GÉNÉRALE, Lender under the Credit Agreement and the SG Money Market Facility By: /s/ Xxxxxxx X.

  • As used herein, the term Secondary Market Facility means any entity or organization that is; (l) subject to regulation as an exchange under applicable laws, rules or regulations of the country or jurisdiction in which such entity has a physical presence; or (2) a broker-dealer or other entity or organization that acts in an exchange-like capacity by virtue of it, as principal or agent, acting on a regular basis as an intermediary between buyers and sellers of financial instruments of any type.

  • SG hereby agrees that during the Suspension Period, (i) it will not make any loans or advances under the SG Money Market Facility, (ii) the SG Obligations will not be part of the Secured Obligations, (iii) no SG obligations will be secured by the Collateral and (iv) SG will not be entitled to any proceeds of the Collateral.

  • The Money Market Loans made by any Bank to a Borrower shall be evidenced by a single Money Market Loan Note payable to the order of such Bank for the account of its Lending Office in an amount equal to the Money Market Facility Limit.

  • Each of the Products specifically excludes shares or any other security, financial instrument or investment representing an ownership interest in the Product (s) that can be purchased, sold or otherwise traded on a Secondary Market Facility.

Related to Market Facility

  • Support Facility means any liquidity or credit support agreement with a CP Conduit which relates to this Agreement (including any agreement to purchase an assignment of or participation in Class B Notes).

  • Replacement Facility means 1 of the following:

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Port facilities means those facilities owned by the port authority such as: seawall jetties; piers; wharves; docks; boat landings; marinas; warehouses; storehouses; elevators; grain bins; cold storage plants; terminal icing plants; bunkers; oil tanks; ferries; canals; locks; bridges; tunnels; seaways; conveyors; modern appliances for the economical handling, storage, and transportation of freight and handling of passenger traffic; transfer and terminal facilities required for the efficient operation and development of ports and harbors; other harbor improvements; or improvements, enlargements, remodeling, or extensions of any of these buildings or structures.

  • Public facility means 1 or more of the following:

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

  • Bank Facilities means any overdraft limits or credit facility available to you and their associated terms;

  • Commercial Facility means the Commercial Facility made available under this Agreement as described in Clause 2.1 (Facility).

  • Project Facility means facility being one or more of the following facilities as specified in the Special Conditions of Contract, being developed in accordance with the Project and the Detailed Project Implementation Report and includes all its buildings, equipment, facilities, software and systems and includes without limitation, where the circumstances so require, any expansion thereof from time to time and may include any new location to be separately mentioned in the Special Conditions of Contract.

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Holdings or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • port facility means any publicly or privately owned facility located within this State through which cargo is transported by way of a waterborne ship or vehicle to or from destinations outside this State and which handles cargo owned by third parties in addition to cargo owned by the port facility’s owner.

  • Generating Facility means the Generating Unit(s) comprising Seller’s power plant, as more particularly described in Section 1.02 and Exhibit B, including all other materials, equipment, systems, structures, features and improvements necessary to produce electric energy and thermal energy, excluding the Site, land rights and interests in land.

  • Debt Facilities means one or more debt facilities (including, without limitation, the Credit Agreement) or commercial paper facilities with banks or other institutional lenders providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or letters of credit or issuances of debt securities evidenced by notes, debentures, bonds or similar instruments, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced (including by means of sales of debt securities) in whole or in part from time to time (and whether or not with the original administrative agent, lenders or trustee or another administrative agent or agents, other lenders or trustee and whether provided under the original Credit Agreement or any other credit or other agreement or indenture).

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • Airport Facilities means any of the following at an airport:

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Offshore facility ’ means any facility of any kind located in, on, or under any of the navigable waters of the United States, and any facility of any kind which is subject to the ju- risdiction of the United States and is located in, on, or under any other waters, other than a vessel or a public vessel;

  • Bridge Facility means the Commitments and any Advances made thereunder.