Control Failure means, with respect to an eNote, (i) if the Controller status of the eNote shall not have been transferred to Buyer, (ii) Buyer shall otherwise not be designated as the Controller of such eNote in the MERS eRegistry (other than pursuant to a Bailee Letter), (iii) if the eVault shall have released the Authoritative Copy of an eNote in contravention of the requirements of the Custodial Agreement, or (iv) if the Custodian initiated any changes on the MERS eRegistry in contravention of the terms of the Custodial Agreement.
Control Failure has the meaning assigned to such term in the Custodial Agreement.
Control Failure means with respect to an eNote, (i) the Agent shall not be designated as the Controller of such eNote in the MERS eRegistry by the Controller Status Transfer Deadline, (ii) the eVault shall have released the Authoritative Copy of an eNote without the prior direction of the Agent, or (iii) if the Custodian initiated any changes on the MERS eRegistry in contravention of the terms of the Custody Agreement.
Examples of Control Failure in a sentence
BillintonImpact of Remote Control Failure on Power System Restoration Time 337F.
If installing remote control kit JP-1235-RK refer to wiring diagram in the remote control manual Fenwal Control Terminal Designation Error Mode LED IndicationTH Thermostat / 24V Supply InputInternal Control Failure Steady onGND System GroundV1 Valve PowerFlame with No Call for heat2 flashes V2 24V Supply NeutralNC AlarmS1 Remote Flame SensorIgnition Lockout 3 flashes Fault Conditions:The LED will flash on for 1/4 second, then off for 1/4 second during a fault condition.
This function is continuously monitored by the boiler’s air ratio control module.● Thermostat Control Failure: Should the thermostat fail to function properly, the boiler’s gas supply will be shut off automatically as a safeguard.● Auto Fan Detection: The rotation of the fan is automatically detected and controlled.
The maladaptive cognitive factors or negative motivations are Uncertain Control, Failure Avoidance, and Anxiety, while Self-sabotage and Disengagement are the maladaptive behavioural factors or negative engagement.
The operational risk umbrella comprises of a number of risks as follows:• Business Continuity Risk;• Legal and Compliance Risk;• Business Process and Control Failure Risk;• Risk of unforeseen situations / External Fraud;• Internal Fraud Risk;• People Risk;• Outsourcing Risk;• Information Technology and Information Security Risk.
More Definitions of Control Failure
Control Failure means, with respect to an eNote, the failure of the Controller status of the eNote in the MERS eRegistry to reflect Administrative Agent’s MERS Org ID as a result of an unauthorized Transfer of Control or unauthorized Transfer of Control and Location, in either case, initiated by Custodian or through Custodian’s system, in contravention of the terms of this Agreement; provided that (i) Custodian delivered the most recent Custodial Asset Schedule and exception report reflecting the Location status of the eNote as the Custodian’s MERS Org ID and the Controller status of the eNote as Administrative Agent’s MERS Org ID and (ii) the Controller status and Location status of such eNote have not been transferred pursuant to (x) a Request for Release of Documents (as defined in the Custodial Agreement) or (y) Administrative Agent’s written request or instruction.
Control Failure means, with respect to an eNote, (a) if the Controller status of the eNote shall not have been transferred to (i) other than with respect to a Xxxxxx Xxx xXxxx Pooled Loan, Buyer and (ii) with respect to a Xxxxxx Xxx xXxxx Pooled Loan, Seller, (b) (i) other LEGAL02/40575999v6 than with respect to a Xxxxxx Xxx xXxxx Pooled Loan, Buyer shall otherwise not be designated as the Controller of such eNote in the MERS eRegistry (other than pursuant to a Bailee Letter) and (ii) with respect to a Xxxxxx Xxx xXxxx Pooled Loan, Seller shall otherwise not be designated as the Controller of such eNote in the MERS eRegistry, (c) if the eVault shall have released the Authoritative Copy of an eNote in contravention of the requirements of the Custodial Agreement, or (d) if the Custodian initiated any changes on the MERS eRegistry in contravention of the terms of the Custodial Agreement.
Control Failure means, with respect to an eMortgage, (i) Buyer shall not be designated as the Controller of the eNote in the MERS eRegistry by the Controller Status Transfer Deadline, (ii) the Custodian shall not be designated as the Location and Delegatee or the eNote in the MERS eRegistry by the Controller Status Transfer Deadline, (iii) the eVault shall have released the Authoritative Copy of an eNote without the prior direction of Buyer or the Custodian, or (iv) if the Custodian initiated any changes on the MERS eRegistry in contravention of the terms of the Custodial Agreement.
Control Failure means with respect to an eNote, (i) if the Controller status of the eNote shall not have been transferred to Buyer, (ii) Buyer shall otherwise not be designated as the Controller of such eNote in the MERS eRegistry, (iii) if the eVault shall have released the Authoritative Copy of an eNote in contravention of the requirements of the Custodial Agreement, or (iv) if the Custodian initiated any changes on the MERS eRegistry in contravention of the terms of the Custodial Agreement.
Control Failure means, with respect to any eMortgage Loan, the occurrence of any event or condition while such eMortgage Loan is subject to a Transaction which results in the Custodian not having Control of the eNote evidencing such eMortgage Loan or the Custodian not being the Controller of such eNote, excluding, however, any Transfer of Control intentionally made by Custodian pursuant to this Agreement or any other Repurchase Documents, including in conjunction with the sale, conveyance or other disposition of such eMortgage Loan. “Controller” means, with respect to an eNote, the party designated in the MERS eRegistry as the “Controller,” and who in such capacity shall be deemed to be “in control” or to be the “controller” of such eNote within the meaning of UETA or E-SIGN, as applicable. “Corporation Tax Treatment Certificate” is defined in Section 7.5(a). “Currency Agreement” means any foreign exchange contract, currency swap agreement, futures contract, option contract, synthetic cap or other similar agreement or arrangement for the
Control Failure. With respect to an eNote, (a) if the Controller status of the eNote in the MERS eRegistry shall not have been transferred to (i) with respect to an eMortgage Loan that is not a Correspondent Mortgage Loan, the MERS Org ID of Buyer, (ii) with respect to an eMortgage Loan that is a Correspondent Mortgage Loan, (x) at the time of purchase by Buyer, the MERS Org ID of Guarantor and (y) by the Controller Status Transfer Deadline, the MERS Org ID of Buyer, (iii), with respect to a Xxxxxx Xxx xXxxx Pooled Loan, the MERS Org ID of Guarantor from that of Buyer’s MERS Org ID, (b) (i) other than with respect to a Xxxxxx Xxx xXxxx Pooled Loan, Buyer shall otherwise not be designated as the Controller of such eNote in the MERS eRegistry (other than pursuant to a Bailee Agreement), or in the case of an eMortgage Loan that is a Correspondent Mortgage Loan, shall otherwise not be designated as such by the Controller Status Transfer Deadline and (ii) with respect to a Xxxxxx Xxx xXxxx Pooled Loan, Guarantor shall otherwise not be designated as the Controller of such eNote in the MERS eRegistry, (c) if the eVault shall have released the Authoritative Copy of an eNote in contravention of the requirements of the Custodial Agreement, or (d) if the Custodian initiated any changes on the MERS eRegistry in contravention of the terms of the Custodial Agreement.
Control Failure means, with respect to an eNote, (i) if the Controller status of the eNote shall not have been transferred to Administrative Agent, (ii) Administrative Agent shall otherwise not be designated as the Controller of such eNote in the MERS eRegistry as a result of an unauthorized Transfer of Control in contravention of the terms of this Agreement (other than pursuant to a Bailee Letter, a Request for Release of Documents, or Administrative Agent’s written request or instruction), (iii) if the eVault shall have released the Authoritative Copy of an eNote in contravention of the requirements of the Custodial Agreement, or (iv) if the Custodian initiated any changes on the MERS eRegistry in contravention of the terms of the Custodial Agreement.