Declared a Defaulter definition

Declared a Defaulter in relation to a Member, means being declared a defaulter by the
Sample 1Sample 2Sample 3

Examples of Declared a Defaulter in a sentence

  • Not used.] The Exchange will not refer a dispute or matter in respect of a delivery under a Contract to the Delivery Panel if a Party has been Declared a Defaulter under Section D of the Rules or the default rules of the Clearing House.

  • D.4.4 A Member who is Declared a Defaulter shall not enter into any Contract or Corresponding Contract (including, for the avoidance of doubt, a Closing-out Contract) with any person, and a Clearing Member or non-clearing Member shall not enter into any such Contract or Corresponding Contract with a Defaulter, after the time that it is Declared a Defaulter, (notwithstanding any order or instruction to do so given by a person other than the Default Panel) save in accordance with the Clearing House Rules.

Related to Declared a Defaulter

  • Defaulter means any person who owes arrears to the Municipality;