Examples of Dispute Resolution Procedure Commencement Date in a sentence
If all First Feedbacks provide for the same decision, the First Feedbacks shall be considered final and binding and Eurex Clearing AG will, on the fifth Business Day after the Dispute Resolution Procedure Commencement Date, notify the Lender Clearing Member, the Borrower Clearing Member and the DR Committee Members via email of such outcome.
If the three First Feedbacks from the DR Committee Members have not provided for the same decision, each DR Committee Member shall take, and submit to Eurex Clearing AG by email no later than at the end of the sixth Business Day after the Dispute Resolution Procedure Commencement Date, its final decision on the outcome of the Dispute Resolution Procedure (the "Final Feedback").
If a Dispute Resolution Procedure has commenced, but, due to the lack of a valid DR Committee Panel, no DR Committee can be established for such Dispute Resolution Procedure, Eurex Clearing AG may, in its discretion, on the first Business Day after the occurrence of the relevant Dispute Resolution Procedure Commencement Date decide to either (a) appoint a central securities depositary to determine, or (b) itself determine, the Outturn in respect of such Dispute Resolution Procedure.
Each DR Committee Member may, no later than 12:00 hours on the third Business Day after the Dispute Resolution Procedure Commencement Date, request clarifications of the information provided by Eurex Clearing AG by email to Eurex Clearing AG stating whether the Lender Clearing Member and/or the Borrower Clearing Member should provide such clarification(s).
Each DR Committee Member shall take and submit to Eurex Clearing AG by email no later than at the end of the fourth Business Day after the Dispute Resolution Procedure Commencement Date, its first decision on the outcome of the Dispute Resolution Procedure (the "First Feedback").
Each DR Committee Member may then reconsider its decision until the end of the sixth Business Day after the Dispute Resolution Procedure Commencement Date.
If the three First Feedbacks from the DR Committee Members do not provide for the same decision, Eurex Clearing AG will, on the fifth Business Day after the Dispute Resolution Procedure Commencement Date, forward (subject to anonymization in accordance with Number 16) the First Feedback of each DR Committee Member to each other DR Committee Member of the DR Committee.
Each DR Committee Member may, no later than 12:00 hours on the third Business Day after the Dispute Resolution Procedure Commencement Date, request clarifications of the information provided by Eurex Clearing AG by e-mail to Eurex Clearing AG stating whether the Lender Clearing Member and/or the Borrower Clearing Member should provide such clarification(s).
Each DR Committee Member shall take and submit to Eurex Clearing AG by e-mail no later than at the end of the fourth Business Day after the Dispute Resolution Procedure Commencement Date, its first decision on the outcome of the Dispute Resolution Procedure (the “First Feedback”).
The advantage of the bright line, however, is that it provides a measurable and objective standard.We acknowledge the potential for the proposed 10% standard to produce anomalous results.