Credit Derivatives Determinations Committees Sample Clauses

Credit Derivatives Determinations Committees. Section 1.22 (Credit Derivatives Determinations Committees) will be deleted in its entirety and replaced with the following:
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Credit Derivatives Determinations Committees. Credit Derivatives Determinations Committees" means the committees established by the Fixed Income Money Market and Derivatives Association of India ("FIMMDA") (or any other entity as nominated by RBI from time to time) for purposes of reaching certain DC Resolutions in connection with Credit Derivative Transactions, as more fully described in the Credit Derivatives Determinations Committees Rules, as published by FIMMDA (or any other entity as nominated by RBI from time to time) from time to time and as amended from time to time in accordance with the terms thereof (the "Rules")." All references in the Credit Derivatives Definitions to ISDA making a public announcement in respect of the Credit Derivatives Determinations Committee or otherwise acting in connection with the Credit Derivatives Determinations Committee will be deemed to be references to FIMMDA (or any other entity as nominated by RBI from time to time) acting in the equivalent capacity. All references in the Credit Derivatives Definitions to the term "Greenwich Mean Time" will be deleted and replaced with the term "Indian Standard Time".
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Credit Derivatives Determinations Committees. Credit Derivatives Determinations Committees" means the committees established by the Fixed Income Money Market and Derivatives Association of India (“FIMMDA”) for purposes of reaching certain DC Resolutions in connection with Credit Derivative Transactions, as more fully described in the [Credit Derivatives Determinations Committees Rules], as published by [FIMMDA] [on its website at [] (or any successor website thereto)] from time to time and as amended from time to time in accordance with the terms thereof (the "Rules").” All references in the Credit Derivatives Definitions to ISDA making a public announcement in respect of the Credit Derivatives Determinations Committee or otherwise acting in connection with the Credit Derivatives Determinations Committee will be deemed to be references to FIMMDA acting in the equivalent capacity.] [The Credit Derivatives Definitions use Greenwich Mean Time as the timing benchmark in respect of the period during which a Credit Event and Succession Event may occur. Given that the CDS market will be domestic, consider changing the benchmark to be Mumbai time.] [NB - notwithstanding that Auction Settlement is not applicable, where a Restructuring Credit Event occurs, we have retained the flexibility for Buyer/Seller to determine whether to trigger the protection. Pls confirm that this is the intended approach. ]
Sample 1
Credit Derivatives Determinations Committees. Credit Derivatives Determinations Committees" means the committees established by the Fixed Income Money Market and Derivatives Association of India (“FIMMDA”) for purposes of reaching certain DC Resolutions in connection with Credit Derivative Transactions, as more fully described in the [Credit Derivatives Determinations Committees Rules], as published by [FIMMDA] [on its website at [] (or any successor website thereto)] from time to time and as amended from time to time in accordance with the terms thereof (the "Rules").” All references in the Credit Derivatives Definitions to ISDA making a public announcement in respect of the Credit Derivatives Determinations Committee or otherwise acting in connection with the Credit Derivatives Determinations Committee will be deemed to be references to FIMMDA acting in the equivalent capacity.]
Sample 1

Related to Credit Derivatives Determinations Committees

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  • Sub-Committees 15.1 The Joint Committee shall establish the membership and terms of reference for any sub-committees or sub-groups which it establishes and may dissolve such sub-committees or sub-groups. Sub-committees to which the Joint Committee delegates functions are bound by the provisions of this Agreement regulating the taking of decisions by the Joint Committee. The Joint Committee may create additional sub-committees from time to time as it sees fit.

  • Nurse Representatives & Grievance Committee (a) The Hospital agrees to recognize Association representatives to be elected or appointed from amongst nurses in the bargaining unit for the purpose of dealing with Association business as provided in this Collective Agreement. The number of representatives and the areas which they represent are set out in the Appendix of Local Provisions.

  • Mandate of the Committee The mandate of the Education Worker Diverse and Inclusive Workforce Committee is to jointly explore and identify best practices that support diversity, equity, inclusion and to xxxxxx diverse and inclusive workforces reflective of Ontario’s diverse communities.

  • Negotiations Committee H.3 At all negotiations meetings with the Employer representatives for a renewal of this Agreement, the Union may be represented by a negotiations committee composed of five (5) bargaining unit members. No deduction from the regular pay of such Employees will be made for attendance at such meetings with the Employer’s representatives held during the Employee's regular working hours. The Union has the right to have up to an additional five (5) members, including Union Officers, on the Negotiating Committee at no cost to the Employer.

  • Purpose of the Committee In order to xxxxxx better relations between the parties, the purpose of the Committee shall be to discuss matters of mutual concern including matters pertaining to the improvement of quality health care and safe nursing practice. The Committee shall have the power to make recommendations to the Union and to the Employer.

  • Expert Determination If a Dispute relates to any aspect of the technology underlying the provision of the Goods and/or Services or otherwise relates to a financial technical or other aspect of a technical nature (as the Parties may agree) and the Dispute has not been resolved by discussion or mediation, then either Party may request (which request will not be unreasonably withheld or delayed) by written notice to the other that the Dispute is referred to an Expert for determination. The Expert shall be appointed by agreement in writing between the Parties, but in the event of a failure to agree within ten (10) Working Days, or if the person appointed is unable or unwilling to act, the Expert shall be appointed on the instructions of the relevant professional body. The Expert shall act on the following basis: he/she shall act as an expert and not as an arbitrator and shall act fairly and impartially; the Expert's determination shall (in the absence of a material failure to follow the agreed procedures) be final and binding on the Parties; the Expert shall decide the procedure to be followed in the determination and shall be requested to make his/her determination within thirty (30) Working Days of his appointment or as soon as reasonably practicable thereafter and the Parties shall assist and provide the documentation that the Expert requires for the purpose of the determination; any amount payable by one Party to another as a result of the Expert's determination shall be due and payable within twenty (20) Working Days of the Expert's determination being notified to the Parties; the process shall be conducted in private and shall be confidential; and the Expert shall determine how and by whom the costs of the determination, including his/her fees and expenses, are to be paid.

  • Other Committees The Board of Directors may, from time to time, appoint such other committees as may be permitted by law. Such other committees appointed by the Board of Directors shall consist of one (1) or more members of the Board of Directors and shall have such powers and perform such duties as may be prescribed by the resolution or resolutions creating such committees, but in no event shall any such committee have the powers denied to the Executive Committee in these Bylaws.

  • Determinations and Actions by the Board of Directors All actions, calculations and determinations (including all omissions with respect to the foregoing) which are done or made by the Board of Directors in good faith pursuant to this Agreement, shall not subject the Board of Directors to any liability to the holders of the Rights.

  • Scope of the Committee The Committee shall not have the power to bind the Union or its members, or the Employer to any decision or conclusion reached in discussion. The Committee shall not have jurisdiction over any matter contained in this Collective Agreement, including its administration or renegotiation. The Committee shall not supersede the activities of any other committee of the Union or of the Employer.

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