Resigning Member definition

Resigning Member means at any time any Clearing Member: (i) who has given notice to the Clearing House for the purposes of resigning from a particular Service; or (ii) in respect of whom the Clearing House has given notice for the purposes of requiring such Clearing Member to resign from a particular Service

Resigning Member has the meaning set forth in Section 10.18B.(1).

Resigning Member shall have the meaning set forth in Section 13.01(d).

Examples of Resigning Member in a sentence

• Damages for breach of this Article 12.3 shall be monetary damages only (and not specific performance), and such damages may be offset against Distributions by such Series to which the Resigning Member would otherwise be entitled.

• Unless otherwise approved by a Majority of Members, a Member who resigns (a "Resigning Member") or whose Membership Interest is otherwise terminated, shall not be entitled to receive any distributions in excess of those distributions to which such Member would have been entitled had such Member remained a Member.

• Damages for breach of this Section 8.2 shall be monetary damages only (and not specific performance), and such damages may be offset against distributions by the Company to which the Resigning Member would otherwise be entitled.

• Except as otherwise expressly provided herein, a Resigning Member shall immediately become and be treated for all purposes as an Assignee.

• In the event that a Member violates or breaches any of its representations, warranties or agreements under this Operating Agreement, becomes a Resigning Member, or is terminated as a result of its Bankruptcy, resignation, expulsion or dissolution, then, in any such event, such Member shall be liable to the Company and to the other Members for damages incurred by the Company and such other Members and arising from such violation, breach, resignation, Bankruptcy, expulsion or dissolution.

More Definitions of Resigning Member

Resigning Member shall have the meaning set forth in Section 14.2 hereof.

Resigning Member has the meaning set forth in Section 14.12.

Resigning Member means at any time any FCM Clearing Member: (i) who has

Resigning Member means at any time any Clearing Member: (i) who has givennotice to the Clearing House for the purposes of resigning from a particular Service; or (ii) in respect of whom the Clearing House has given notice for the purposes of requiring such Clearing Member to resign from a particular Service"Retirement Effective Date"means the date on which the termination of a Retiring Member's Clearing Member status becomes effective, as specified in Regulation 5(e)"Retiring Member"means at any time any Clearing Member or, as the context may require, any former Clearing Member: (i) who has given notice to terminate its Clearing Member status to the Clearing House; or (ii) in respect of whom the Clearing House has terminated or given notice to terminate its Clearing Member status"Return Window"has the meaning assigned to it in the Client Clearing Annex to the Default Rules"Revised Caps"has the meaning assigned to it in Regulation 100"Revised Limits"has the meaning assigned to it in Regulation 100"Risk Neutralisation"has the meaning assigned to it in the Default Rules"Rule 19 Certificate"has the meaning assigned to it in Rule 19 of the Default Rules"Rulebook"means the Regulations, Default Rules, Settlement Finality Regulations, Procedures, and such other rules of the Clearing House, as published and amended from time to time"Rules Change Committee"means the decision-making body that will oversee and implement all material alterations, amendments or extensions to the Rulebook or the Clearing Membership Agreement in accordance with its terms of reference"Rules of the Clearing House"means the Rulebook of the Clearing House including the General Regulations, Default Rules, Settlement Finality Rules and Procedures"SC Regulations"means the rules and regulations of the Clearing House denoted as such

Resigning Member means at any time any Clearing Member: (i) who has given

Resigning Member means at any time any Clearing Member: (i) who has givennotice to the Clearing House for the purposes of resigning from a particular Service; or (ii) in respect of whom the

Resigning Member has the meaning ascribed to it in Section 2.05(b). ---------------- "Second Closing Date" has the meaning ascribed to it in Section 8.05(b). -------------------