Base Liability definition

Base Liability means, in respect of (i) a Client Account (other than an Omnibus Gross Segregated Account), the Total Required Margin Amount of such account, disregarding the amount by which such liability is reduced by the use of SwapClear Tolerance, and "Block IRS Trade"(ii) a sub-account of an Omnibus Gross Segregated Account, the Total Required Margin Amount of such account, disregarding the amount by which such liability is reduced by the use of SwapClear Tolerance means a trade the notional amount of which is at or above the minimum block size established by the CFTC pursuant to CFTC Regulation 43.6 for the interest rate asset class and in effect as of the date of submission of such trade to the Clearing House for registration"Board"means the board of directors or other governing body (whether called a board, a committee or otherwise) of an Exchange"Bond Trade"means a trading activity in which a RepoClear Participant offers to sell RepoClear Eligible Securities, and another RepoClear Participant offers to purchase those RepoClear Eligible Securities, and a trade subsequently ensues“Bulk Event”has the meaning as described in Regulation 60(f)“Bulk Event Cycle”has the meaning as described in Regulation 60(f)"Bulk Threshold"means the threshold (defined as a given number of SwapClear Contracts) established from time to time by the Clearing House in its sole and absolute discretion to distinguish Intra-Day Bulk Transfers from Intra-Day Non- Bulk Transfers and notified to SwapClear Clearing Members"Business"means any transactions, liabilities or obligations arising out of any contract and includes, in relation to the relevant Services, Equities Business, ForexClear Business, RepoClear Business and Rates Service Business."business day"means in respect of a Cleared Exchange Contract, an OTC Contract (except where specified otherwise in the relevant OTC Contract Terms), an EquityClear Contract, and a Listed Interest Rates Contract (except where specified otherwise in the Listed Interest Rates Contract Terms) a day on which the Clearing House is open for business
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Base Liability means, in respect of
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Examples of Base Liability in a sentence

  • The Total Base Liability is determined by applying the adjustment factors from Step 4 to the Initial Liability Amount determined in Step 2.

  • Water Code section 13385(e) requires that when pursuing civil liability under section 13385, "[a]t a minimum, liability shall be assessed at a level that recovers the economic benefits, if any, derived from the acts that constitute the violation." The Enforcement Policy requires that the adjusted Total Base Liability shall be at least ten percent (10%) higher than the economic benefit.

  • The Total Base Liability Amount is determined by multiplying the following: the Initial Liability, the degree of culpability factor, the history of violations factor, and the cleanup and cooperation factor.

  • The Total Base Liability is determined by applying the adjustment factors from Step 4 to the Initial Liability Amount.

  • Step 5 - Determination of Total Base Liability Amount The Total Base Liability is determined by applying the adjustment factors from Step 4 to the Initial Liability Amount determined in Step 2.

  • Net Income Base: Liability under this base is calculated by multiplying the portion of a corporation’s total net income that is taxable in this state (determined by apportionment) by the tax rate and surcharge that are applicable in that income year.

  • The Los Angeles Water Board Prosecution Team finds that it is appropriate to increase the Combined Total Base Liability Amount by $16,976 in consideration of investigation and enforcement costs incurred in prosecuting this matter.

  • Total Base Liability $736,312 Each applicable factor, relating to the Discharger’s conduct, is multiplied by the initial liability amount for each SSO violation to determine the Total Base Liability Amount.

  • STEP 1 – Actual or Potential for Harm for Discharge Violations 11‌STEP 2 – Assessments for Discharge Violations 13STEP 3 – Per Day Assessments for Non-Discharge Violations 15STEP 4 – Adjustment Factors 17STEP 5 – Determination of Total Base Liability Amount 19STEP 6 – Ability to Pay and Ability to Continue in Business 19STEP 7 – Economic Benefit 20STEP 8 – Other Factors As Justice May Require 22STEP 9 – Maximum and Minimum Liability Amounts 23STEP 10 – Final Liability Amount 23B.

  • The Combined Total Base Liability Amount for Violations 1 and 2 is determined by adding the total base liability amount of each violation.

Related to Base Liability

  • Excluded Liability means any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation, any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.

  • Employee Liabilities means all claims, actions, proceedings, orders, demands, complaints, investigations (save for any claims for personal injury which are covered by insurance) and any award, compensation, damages, tribunal awards, fine, loss, order, penalty, disbursement, payment made by way of settlement and costs, expenses and legal costs reasonably incurred in connection with a claim or investigation including in relation to the following: redundancy payments including contractual or enhanced redundancy costs, termination costs and notice payments; unfair, wrongful or constructive dismissal compensation; compensation for discrimination on grounds of sex, race, disability, age, religion or belief, gender reassignment, marriage or civil partnership, pregnancy and maternity or sexual orientation or claims for equal pay; compensation for less favourable treatment of part-time workers or fixed term employees; outstanding debts and unlawful deduction of wages including any PAYE and National Insurance Contributions in relation to payments made by the Customer or the Replacement Supplier to a Transferring Supplier Employee which would have been payable by the Supplier or the Sub-Contractor if such payment should have been made prior to the Service Transfer Date; claims whether in tort, contract or statute or otherwise; any investigation by the Equality and Human Rights Commission or other enforcement, regulatory or supervisory body and of implementing any requirements which may arise from such investigation;

  • Purchase Limit means $900,000,000, as such amount may be reduced from time to time pursuant to Section 1.1(b) or increased from time to time pursuant to Section 1.1(d). References to the unused portion of the Purchase Limit shall mean, at any time, an amount equal to (x) the Purchase Limit at such time, minus (y) the sum of the Aggregate Capital plus the LC Participation Amount.

  • Deductible Amount means, with respect to any Insuring Agreement, the amount set forth under the heading “Deductible Amount” in Item 3 of the Declarations or in any Rider for such Insuring Agreement, applicable to each Single Loss covered by such Insuring Agreement.