Commodity Contract Counterparty definition
Examples of Commodity Contract Counterparty in a sentence
CSL shall send copies of such notice to withdraw to the Commodity Contract Counterparty at the same time as it sends such notice to AP.
If there is more than one Commodity Contract Counterparty, references in this Clause 4.5 to “Pools” and “S&L Pools” shall be construed as referring only to such Pools and S&L Pools as include rights against the particular Commodity Contract Counterparty against whose Collateral the Security is to be enforced and references to “Total Collateral” shall be construed as referring only to the Total Collateral posted pursuant to the Security Agreement with that Commodity Contract Counterparty.
The proceeds of the Total Collateral shall be applied towards all Pools and all S&L Pools in the first instance pro rata to the total amounts payable in respect of those Pools by the Commodity Contract Counterparty under the terms of the Facility Agreement and the Short and Leveraged Facility Agreement.
For this purpose a notice to withdraw given by the Commodity Contract Counterparty to AP pursuant to paragraph 15 of Schedule 11 to the Facility Agreement in relation to the creation of the corresponding Commodity Contracts shall be treated as a notice to withdraw given by CSL.
The giving of such an Agreed Creation Notice by the Commodity Contract Counterparty and AP shall constitute an Application.
If the UK Listing Authority refuses to admit to the Official List any Micro or Commodity Securities issued under this Agreement, CSL shall promptly upon becoming aware of that fact notify the Commodity Contract Counterparty and AP thereof in accordance with the procedure for sending notices under Clause 9(a).
If the UK Listing Authority refuses to admit to the Official List any Short or Leveraged Commodity Securities issued under this Agreement, CSL shall promptly upon becoming aware of that fact notify the Commodity Contract Counterparty and AP thereof in accordance with the procedure for sending notices under Clause 9(a).
For this purpose a notice to withdraw given by the Commodity Contract Counterparty to AP pursuant to paragraph 15 of Schedule 11 to the Facility Agreement in relation to the creation of the corresponding Commodity Contracts shall be treated as a notice to withdraw given by HCSL.
If the UK Listing Authority refuses to admit to the Official List any Currency- Hedged Commodity Securities issued under this Agreement, HCSL shall promptly upon becoming aware of that fact notify the Commodity Contract Counterparty and AP thereof in accordance with the procedure for sending notices under Clause 9(a).
Such account shall be linked to the CREST Graphical User Interface access of the Administrator and shall be used to effect settlement of issues, Redemptions and cancellations of Short and Leveraged Commodity Securities through CREST and AP shall notify CSL, the Trustee and each Commodity Contract Counterparty of the details of such account from time to time.