CFD. Owner/Applicant shall defend, indemnify and hold harmless City, its officers, directors, employees and agents, from and against any and all claims, losses, liabilities, damages, including court costs and reasonable attorneys' fees by reason of, or resulting from, or arising out of the CFD proceedings as described in Recital A hereto, the authorization of the levy of special taxes and the issuance of bonds by the CFD to finance the City Facilities, the administration of the CFD and the bonds issued by the CFD, the levy of special taxes by the CFD and the issuance of bonds by the CFD, and initial and continuing disclosure related to such bonds and all expenses of investigating and defending against same.
CFD. A Community Facilities District (CFD) for the maintenance of the Park, as described in Section 5.3.1.3 of the Agreement, has been created.
CFD. 3.2.1. The CFD mechanics are available only on Demo Accounts.
3.2.2. When opening a Trade, the Client indicates the Asset, the amount of the Client's investment in the Trade, the Multiplier, and the direction of chart movement.
3.2.3. Trading period: Monday 07:00 UTC to Friday 21:00 UTC. Outside the specified period, conducting of Trading Operations, including opening new and closing current Trades, is not available using the CFD mechanics. If holidays (non-working days) fall during the specified period on the Asset exchange, Trading Operations with that Asset are not conducted on the Trading Platform.
3.2.4. Earnings on a Trade are calculated using the following formula: Amount of the Client's investment in the Trade x the Multiplier x (closing Quote / opening Quote - 1).
3.2.5. At the time of opening a Trade, a commission in the amount of 0.02% of the Trade Volume is debited from the Client's Demo Account. When calculating the amount of the commission, it is always rounded up to the nearest tenth in the Demo Account currency.
3.2.6. When using the CFD mechanics, the Client can have no more than 15 (Fifteen) Trades open at the same time.
3.2.7. The Trade is closed by order of the Client or automatically. A Trade is closed automatically: —in the event of a negative financial result for the Trade before its closing reaching 95% of the amount of the Client's investment in the Trade (technical Stop Loss); —after 15 (Fifteen) days from the time of opening the Trade.
3.2.8. If the automatic closing of a Trade (clause 3.2.7) falls during a time when execution of Trading Operations in the CFD mechanics for the Asset of the Trade is not being implemented on the Trading Platform, the Trade is closed immediately after the Quote of the Asset of the Trade is received on the Trading Platform during the next trading period.
3.2.9. If at the time of closing of the Trade, the current Quote of the selected Asset is higher than its Quote at the time of opening of the Trade, the Trade is considered profitable if the selected direction of the Trade is “up.” If at the time of closing of the Trade, the current Quote of the selected Asset is lower than its Quote at the time of opening of the Trade, the Trade is considered profitable if the selected direction of the Trade is "down."
3.2.10. The Loss on a Trade when using the CFD mechanics cannot exceed 100% of the amount of the Client's investment in the Trade.
CFD. The Project is located within the boundaries of the CFD. The CFD was established pursuant to the Act for the purpose of financing public improvements and facilities as described in Exhibit E. The parties have previously entered into that certain Construction and Transfer of Water, Sewer and Recycled Water Infrastructure Agreement dated as of March 3, 2012 (the “2012 Agreement”), which constitutes a joint community facilities agreement with the District in accordance with Section 53316.2 of the Act. To the extent of any inconsistency between the 2012 Agreement and this Agreement with respect to elements of this Agreement dealing with the CFD, this Agreement shall be deemed supplemental to the 2012 Agreement. The CFD Improvements may be fully or partially financed with the CFD special tax bonds or special tax revenues.
(a) It is anticipated that the CFD will provide bond proceeds to finance the acquisition, construction and installation of the CFD Facilities. If the CFD issues bonds, a portion of the proceeds of which are to be available to finance the acquisition, construction and installation of the CFD Facilities, the CFD Authority shall, or shall cause the CFD to, notify the Developer of the amount of such proceeds available for such purpose within 15 days of such proceeds becoming so available. The CFD Authority makes no representation that, if proceeds of bonds are made available to finance the acquisition, construction and installation of the CFD Facilities, such proceeds will be sufficient to finance the acquisition, construction and installation of all of the CFD Facilities, and neither the CFD Authority nor the CFD shall have any liability to the Developer if such proceeds are insufficient for such purpose. If the CFD does not issue bonds to finance the acquisition, construction and installation of the CFD Facilities, neither the CFD Authority nor the CFD shall have any obligation to provide any amounts to finance or pay the costs of the acquisition, construction and installation of the CFD Facilities. The Developer shall apply proceeds of the bonds to the payment of costs of construction of any portion of the CFD Facilities only if such portion of the CFD Facilities is constructed under the direction and supervision, or under the authority of, the District or is constructed as if it had been constructed under the direction and supervision, or under the authority of, the District.
(b) Bond proceeds available for the acquisition, construction and in...
CFD. Developer shall be required to pay an annual fee contribution in the amount of $160,000 per year to the City as a partial payment of the otherwise required City-Wide Community Facilities District (CFD No. 2018-01) (the “CFD”); provided, however, in the event Developer does not ultimately construct the infrastructure improvements required under the FEIR (including the mitigation measures specified therein), Developer shall be required to pay the full annual payments of $300,000 required under the CFD. The first such payment shall be made on or before the Completion Date, and therefter, in annual installments on the anniversary of such date. Any failure of payment by Developer, shall bear interest at a rate of ten percent (10%) per annum commencing on the date of such payment failure until fully paid.
CFD contract for difference that we offer to our clients from time to time under the terms of this Client Agreement; means the moneys our clients have deposited with us and held by us; the date on which a Contract is closed in accordance with the terms of this Client Agreement; means the price determined by us, from time to time, in accordance with the terms of this Client Agreement;
CFD. Buyer agrees that Seller shall have the right, either before or after the Closing, to cause a new community facilities district or similar assessment district to be formed which encumbers the Land along with other property, or to cause the issuance of new bonds and/or the placement of new assessments under any existing assessment or improvement district. If the formation of such community facilities district or assessment district, or the issuance of new bonds and/or the placement of new assessments under any existing assessment or improvement district, occurs after the Closing, then Buyer shall execute (and cause its lenders, if any, to execute) any documents reasonably required in connection with the formation of such district and/or the sale of bonds by such district. Seller agrees that any new community facilities district or assessment district which Seller is instrumental in forming will apply to all, or substantially all, of the approximately four hundred (400) acres commonly referred to as Ocean Ranch. The provisions of this paragraph shall be binding on Buyer, and on any successor purchaser of the Land or any part thereof. Buyer shall notify any such successor purchaser of the obligations of this paragraph and obtain such successor purchaser's written agreement to be bound by the same with Seller being a third party beneficiary to such agreement. Notwithstanding any provision contained in this subsection (h) to the contrary, Buyer shall not be obligated to execute any documents as provided above if, as a result thereof, it is contemplated that the special tax assessment levied against the Land as a result of the creation of the aforesaid community facilities district or assessment district will cause the overall tax rate (regular and special assessments combined) imposed upon the Land immediately following the sale of bonds by such community facilities or assessment district to exceed two percent (2%) of the value of the Land and any improvements thereon.
CFD. CFD means the community facilities district described in Article III hereof.
CFD. 3.1 The Client acknowledges and agrees that:
(a) trading in CFDs involves trading on the outcome of the price of a financial instrument (e.g. equity) or of an index and the Client will not be entitled to delivery of, or be required to deliver, the underlying financial instrument nor ownership thereof or any other interest therein;
(b) the Broker conducts CFD trading with clients (including the Client) in relation to individual financial instruments and all CFD trades conducted are margined products unless specifically closed out by the Client or otherwise pursuant to the terms in this Schedule. The Client acknowledges that the Broker is entitled to but not obliged to hedge its own exposure (“Hedge Position”) under a CFD Transaction with the Client by entering into with, or acquiring from, a third party or other instrument or financial product. The Client thus acknowledges that the Broker will charge and the Client shall pay such charge (“interest”) with respect each of its CFD open positions of such amount and/or at such rate as the Broker may from time to time notify the Client and which rate may incorporate any market charges incurred by the Broker in relation to a Hedge Position;
(c) all CFD Transactions are effected as between the Client and the Broker on a principal to principal basis and as such the Client further acknowledges and accepts the following:
(i) that the Broker owes the Client no fiduciary duties or any duty of good faith or reasonable care except as specifically and expressly provided for in the terms under this Schedule;
(ii) that the Broker is not acting as fiduciary or adviser to the Client, nor is there any fiduciary or adviser relationship between the Broker and the Client; and
(iii) the Client will effect its own due diligence and will make its own independent decision and ensure that in each case a CFD Transaction is suitable, appropriate and proper for the Client based on its own judgment and upon advice from such legal, tax, regulatory, accounting and/or other advisers as the Client deems necessary and appropriate before the Client enters into or offers to enter into the same, the Client being fully aware that it is entering into the transaction on a strictly buyer beware basis;
(d) notwithstanding that trading in CFDs does not give rise to the Client having any proprietary rights to the underlying financial instrument, the Client acknowledges that the Client may, in certain circumstances, including but not limited to provisions...
CFD. Developer may elect to petition the City to finance all or portions of the costs of any of the Project’s development impact fees or any public improvements to be constructed by Developer in lieu of the payment of such fees using a Community Facilities District (“CFD”). Upon the receipt of such a petition, the City agrees to use reasonable, good faith efforts to promptly proceed with all the actions required to authorize such financing subject to all applicable laws, including Government Code Sections 53311 to 53368.3, inclusive, and all public hearing and validation requirements. Developer agrees that the Property shall be included in a CFD to be formed by the City with other properties that benefit from the Bio-Retention Basin, including the Bayfront Project, to fund the on-going operation and maintenance of the Bio-Retention Basin after construction of the entire Bio-Retention Basin is completed.
