Examples of Buying Member in a sentence
Any obligation or liability of the Buyer, Seller, Selling Member or Buying Member (the “Defaulting party”) to the other of them (the “Non-defaulting parties”) as the case may be arising out of a default by the Defaulting party of any obligation under these SICOM TSR 20 Rubber Contract Specifications shall, except in the case where an Alternative Delivery Procedure has been elected, also be deemed a joint and several obligation or liability of the Defaulting party to the Clearing House.
A Buying Member that is an Entitled Holder may submit a Buyer Election Notice in relation to a Voluntary Corporate Action, in accordance with the buyer election process detailed below at Section 1.14.6. In the absence of an election from the Buying Member, the default option of the Voluntary Corporate Action will be applied to Entitled Transactions.
Following the occurrence of a Purchase Event, the Buying Member shall have ninety (90) days after the date of the Selling Member’s receipt of the Purchase Event Notice in which to give notice to the Selling Member of its election to exercise the Purchase Option (the “Purchase Option Election Notice”).
A Buying Member that is an Entitled Holder may submit a Buyer Election Notice in relation to a Voluntary Corporate Action, in accordance with the buyer election process detailed below at Section 1.17.7. In the absence of an election from the Buying Member, the default option of the Voluntary Corporate Action will be applied to Entitled Transactions.
Upon receipt by the other Members (in such capacity, the “Buying Members”) of the Selling Member’s written offer to sell (the “Selling Member’s Offer”) the Buying Member shall be entitled to a period of thirty (30) clear days starting the first business day following the day the Selling Member’s Offer is received in which to elect to accept the Selling Member’s Offer to offer in writing to sell and/or negotiate the terms of the Member's Offer.