Retiring Member definition

Retiring Member means at any time any Clearing Member or, as the context may require, any former Clearing Member, who has given notice to terminate its Clearing Member status to the Clearing House or in respect of whom the Clearing House has terminated or given notice to terminate its Clearing Member status.
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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"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"SCM Branch"means a branch or part of a SwapClear Clearing Member, not being a different legal person from the SwapClear Clearing Member, which is authorized by the Clearing House to submit to the Clearing House, in the name of that SwapClear Clearing Member, SwapClear Transactions for registration, subject to these Regulations and the Procedures, by the Clearing House as SwapClear Contracts"Security Deed"means a security deed entered into by a Clearing Member in favour of its Clearing Clients in the form prescribed by the Clearing House from time to time and published on the Clearing House's website"segregated client"means a person whose monies are held by a Member separately from the Member’s own monies with whom the Member has agreed (or in respect of which the Member is required) not to use such person’s monies for the Member’sown account
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Retiring Member means at any time any FCM Clearing Member or, as the
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Examples of Retiring Member in a sentence

  • By the close of business on the proposed termination date, the Retiring Member shall ensure that all FCM Contracts registered in the Retiring Member's name have been closed-out or transferred so as to ensure that there are no open FCM Contracts to which the Retiring Member is a party at the proposed termination date.

  • A Retiring Member other than a Defaulter shall be liable in respect of Aggregate Excess Losses relating to any Default which arises prior to the relevant Retirement Effective Date.

  • In such circumstances, and as further provided in the Default Rules, the Retiring Member may be required to maintain some or all of its Contribution until after the completion of the default management process related to the relevant Default, notwithstanding that the Retirement Effective Date might occur prior to such time.

  • Once all such FCM Contracts have been closed-out or transferred, such Retiring Member shall be entitled to request that the Clearing House releases and returns to it any collateral held by the Clearing House for such Retiring Member.

  • Following the service of such a notice, the relevant Clearing Member will become a Retiring Member or a Resigning Member (as the case may be) and will be required to close out or transfer all Contracts registered in its name or all Contracts registered in its name in connection with the specified Service or Services, respectively, by the date specified in the relevant notice.

  • Once all such FCM Contracts have been closed-out or transferred, such Retiring Member shall be entitled to request that the Clearing House releases and returns to it any cover held by the Clearing House for the purpose of collateralizing the Retiring Member's obligations.

  • A Retiring Member or a Resigning Member shall continue to be liable under its Rule21 indemnity in respect of Aggregate Excess Losses relating to any Default which arises prior to the Retirement Effective Date or prior to the relevant Resignation Effective Date, respectively.

  • Retirement takes effect on the Retirement Effective Date, which is the later of: (i) the retirement date specified in the notice of retirement; and (ii) the date on which all Contracts registered in the Retiring Member's name have been closed out or transferred so as to ensure that there are no remaining open Contracts to which the Retiring Member is a party.

  • The Clearing House shall notify the Retiring Member, Retiring Agent Member, or the Resigning Member or Resigning Agent Member of any steps taken under this Rule.

  • Following the service of such a notice, the relevant FCM Clearing Member will become a Retiring Member or a Resigning Member (as the case may be) and will be required to close out or transfer all FCM Contracts registered in its name or all FCM Contracts registered in its name in connection with the specified FCM Clearing Service or FCM Clearing Services, respectively, by the date specified in the relevant notice.


More Definitions of Retiring Member

Retiring Member means at any time any FCM Clearing Member or, as the context may require, any former FCM Clearing Member:(i) who has given notice to terminate its FCM Clearing Member status to the Clearing House; or (ii) in respect of whom the Clearing House has terminated or given notice to terminate its FCM Clearing Member status, in each case in accordance with Section 17 of the FCM Clearing Membership Agreement and the FCM Procedures.“Risk Neutralisation”has the meaning assigned to it in either (i) the Rates Service DMP Annex of the Default Rules or (ii) the ForexClear DMP Annex of the Default Rules, as applicable.“Rules Change Committee”means the decision-making body of the Clearing House that will oversee and implement all material alterations, amendments or extensions to the FCM Rulebook or the FCM Clearing Membership Agreement in accordance with its terms of reference“Second Listed Interest Rates Clearing Member”has the meaning assigned to it in FCM Regulation 54(c)(ii).“Securities Collateral”means Collateral that is in the form of securities.“Seller”means an FCM Clearing Member (or the Clearing House where the context so requires) who is a seller under the terms of, as applicable, an FCM Option Contract, a Physically-Settled FCM Contract or an FCM Contract Subject to Delivery Notice.“Settlement Finality Regulations”means the Clearing House's Settlement Finality Regulations from time to time in force.“Settlement Payment”has the meaning assigned to it in FCM Regulation 47(d).“Settlement Price”means, in relation to an FCM Contract, one or more prices determined in accordance with the FCM Regulations or the FCM Procedures.“Standard Terms”means those parts of the FCM Contract Terms designated as Standard Terms by the Clearing House from time to time.“Strike Price”means the price specified in an FCM Option Contract which becomes the price of the commodity under the relevant FCM Contract upon the exercise of the FCM Option Contract, in accordance, as applicable, with the relevant Exchange Rules, the FCM Regulations and/or theFCM Procedures.
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Retiring Member means at any time any Clearing Member or, as the context
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Retiring Member means a Partnership Member who serves notice of retirement upon the Partnership in accordance with sub-clause 6.27 a below;
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Retiring Member shall have the meaning set forth in Section 9.2(a) hereof.
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Retiring Member means the Member with respect to whom a Retiring Event occurs or his Personal Representative, as applicable.
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Related to Retiring Member

  • Continuing Member means a member of the Board of Directors of the Company who either (a) was a member of the Company's Board of Directors on the Effective Date and has been such continuously thereafter or (b) became a member of such Board of Directors after the Effective Date and whose election or nomination for election was approved by a vote of the majority of the Continuing Members then members of the Company's Board of Directors.

  • Transferring Member has the meaning set forth in Section 9.4.

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

  • Holdout Lender has the meaning specified therefor in Section 12.02(b).

  • Redeeming Member has the meaning set forth in Section 11.01(a).

  • Founding Member means any individual who is either:

  • Subject Lender has the meaning assigned to that term in subsection 2.9.

  • Voting Member means a Member holding one or more Voting Shares.

  • Defaulting Member the meaning set forth in Section 3.2(a).

  • Non-Voting Member means a member of a Committee or Sub- Committee of the Council who is not a member of the Council and is not entitled to vote on any matter coming before that Committee or Sub- Committee;

  • Designating Lender means, with respect to each Designated Lender, the Lender that designated such Designated Lender pursuant to Section 9.07(a).

  • Special Member means, upon such person's admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person's capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.

  • Disposing Member is defined in Section 4.1.

  • Remaining Members has the meaning set forth in Section 11.2.

  • Presiding Member means the presiding member of a committee or the deputy presiding member, or a member of the committee when performing a function of the presiding member in accordance with the Act;

  • Delinquent Lender has the meaning provided in SECTION 8.15.

  • Common Member means a Member holding Common Units.

  • Initiating Member shall have the meaning provided in Section 15.2(a).

  • Consenting Lender has the meaning specified in Section 2.19(b).

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • Founding Members means those public school districts, cities, counties, and other governmental units that are signatories to the Joint Powers Agreement and have a voting member serving on the JPA's Board of Directors.

  • Non-Managing Member means any Member other than the Managing Member (except to the extent the Managing Member holds Non-Managing Member Units).

  • Member Representative means an individual who can make OHP-related decisions for a member who is not able to make such decisions themselves.

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

  • Exiting Lender see Section 2.17.7.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.