Eligible Instrument definition

Eligible Instrument means an EquityClear Eligible Equity and/or an EquityClear Eligible ccCFD (as the case may be), in each case as defined in the Rulebook.

Eligible Instrument a Designated Instrument which conforms to the standards set forth in Exhibit B. An Instrument that has qualified as an Eligible Instrument shall cease to be an Eligible Instrument upon the date of the first occurrence of any of the following: (a) any installment due with respect to that Instrument becomes more than 60 days past due; or (b) that Instrument otherwise fails to continue to conform to the standards set forth in Exhibit B.

Eligible Instrument means the individual financial instruments that are eligible for trading on the MTF as described in Rule 10.3;

Examples of Eligible Instrument in a sentence

• In the event that the quantity of Buyer Election Notices received from Buying Members exceeds the quantity of Selling Member Entitled Transactions, then, in the event that the Clearing House maintains a holding of an Eligible Instrument at an ASP that is subject to a Corporate Action, the Clearing House shall use its reasonable endeavours to satisfy the excess Buyer Election Notices by electing an appropriate quantity of its holding at the ASP.

• If the Clearing House's holding of an EquityClear Eligible Instrument is insufficient to fulfil a larger delivery obligation, then in order to reduce overnight financing costs and the risk associated with corporate action processing, the Clearing House may split its fulfilment of that obligation into multiple deliveries.

• Fractional EntitlementsThe Issuer of an Eligible Instrument determines whether an amount known as a " Fractional Entitlement" is payable to a Buying Member as a result of a Corporate Action.

• The Clearing House shall not be responsible for any act or omission with regard to any Corporate Action (for example a rights issue, dividend or Cash Equivalent Dividend Payment or other corporate entitlement) relating to any EquityClear Eligible Instrument which is the subject of any EquityClear Contract, other than as set out in these Procedures.

• The Clearing House's net position will always be zero in any EquityClear Eligible Instrument.

More Definitions of Eligible Instrument

Eligible Instrument means a cap and trade instrument that,

Eligible Instrument means the instruments that fall under the assets’ categories as per the table published under Cash Rebate Structure.

Eligible Instrument means a note or bond of any Person payable or registered to, or to the order of, the Borrower, the Rural Telephone Finance Cooperative or the National Cooperative Services Corporation, and in respect of which (i) no default has occurred in the payment of principal or interest in accordance with the terms of such note or bond that is continuing beyond the contractual grace period (if any) provided in such note or bond for such payment; (ii) no “event of default” as defined in such note or bond (or in any instrument creating a security interest in favor of the Borrower, the Rural Telephone Finance Cooperative or the National Cooperative Services Corporation in respect of such note or bond), shall exist that has resulted in the exercise of any right or remedy described in such note or bond (or in any such instrument); (iii) such note or bond is not classified by the Borrower as non-performing or impaired under generally accepted accounting principles in the United States; (iv) such note or bond is free and clear of all liens other than the Lien created by this Pledge Agreement; (v) such note or bond is not a Restructured CFC Loan; (vi) such note or bond is not a Criticized Loan; (vii) such note or bond is not Unsecured Debt; and (viii) the Total Exposure Amount does not exceed the Maximum Debtor Principal Amouxx; xxovided, however, if the Total Exposure Amount does exceed the Maximum Debtor Principal Amount, such note or bond may be pledged in whole, however, the Allowable Amount of such Eligible Security shall only include the principal amount which does not exceed the Maximum Debtor Principal Amount.

Eligible Instrument means an instrument or a liability within a class of instruments or liabilities that are

Eligible Instrument means an instrument that satisfies all the eligibility criteria set out in Section 2.2.

Eligible Instrument a Designated Instrument which evidences debt of an Eligible Mortgage Loan, as defined in the Transfer Agreement under which such Designated Instrument is sold, transferred, conveyed and assigned to the Intermediary Corporation. An Instrument that has qualified as an Eligible Instrument shall cease to be an Eligible Instrument upon the date of the first occurrence of any of the following: (a) any installment due with respect to that Instrument becomes more than 60 days past due as of the last day of any calendar month; or (b) the Eligible Mortgage Loan as defined in the related Transfer Agreement related to such Designated Instrument ceases to be an Eligible Mortgage Loan or becomes a Defaulted Mortgage Loan.

Eligible Instrument an Instrument which conforms to the additional standards set forth in EXHIBIT A hereto. An Instrument that has qualified as an Eligible Instrument shall cease to be an Eligible Instrument upon the date of the occurrence of any of the following: (a) any installment becomes more than 59 days past due, or (b) the Eligible Instrument otherwise fails to continue to meet the criteria set forth in EXHIBIT A.