Examples of Equal Bid in a sentence
In the event that more than one FXCCM submits a bid of the same value (each an " Equal Bid"), the Clearing House will, subject to its discretion to reject all such Equal Bids, select the bid which was received first in time.
In the event that more than one Invited Bidder submits a bid of the same value (eachan " Equal Bid"), the Clearing House may, subject to its discretion to reject one or more such Equal Bids, split the relevant Auction Portfolio between the relevant Invited Bidders who submitted Equal Bids on an individual trade-by- trade basis.
In the event that more than one Invited Bidder submits a bid of the same value (each an " Equal Bid"), the Clearing House may, subject to its discretion to reject one or more such Equal Bids, split the relevant Auction Portfolio between the relevant Invited Bidders who submitted Equal Bids on an individual trade-by-trade basis.
The outstanding Auction Losses will be attributed to the remaining AIP Amount of each such SCM pursuant to this sub-paragraph (iii) pro rata according to the proportion that such SCM's remaining AIP Amount bears to the total of the remaining AIP Amounts of: (A) the SCM which submitted the winning bid in the Auction; (B) any SCMs which submitted an Equal Bid to such winning bid in the Auction; and (C) any SCMs which were Out Bidders in the Auction.
The outstanding Auction Losses will be attributed to the remaining AIP Amount of each such Non-Defaulting SCM pursuant to this subparagraph (iii) pro rata according to the proportion that such SCM's remaining AIP Amount bears to the total of the remaining AIP Amounts of: (A) the SCM which submitted the winning bid in the Auction; (B) any SCMs which submitted an Equal Bid to such winning bid in the Auction; and (C) any SCMs which were Out Bidders in the Auction.
In the event that more than one Non-Defaulting SCM or Non-Defaulting Joint RatesService Clearing Member submits a bid of the same value (each an " Equal Bid"), the Clearing House will, subject to its discretion to reject all such Equal Bids, select the bid which was received first in time.
The outstanding Auction Losses will be attributed to the remaining AIP Amount of each such FXCCM pursuant to this sub-paragraph (iii) pro rata according to the proportion that such FXCCM's remaining AIP Amount bears to the total of the remaining AIP Amounts of: (A) the FXCCM which submitted the winning bid in the Auction; (B) any FXCCMs which submitted an Equal Bid to such winning bid in the Auction; and (C) any FXCCMs which were Out Bidders in the Auction.
The outstanding Auction Losses will be attributed to the remaining AIP Amount of each such Non-Defaulting FXCCM pursuant to this sub-paragraph (b) pro rata according to the proportion that such FXCCM's remaining AIP Amount bears to the total of the remaining AIP Amounts of: (A) the FXCCM which submitted the winning bid in the Auction; (B) any FXCCMs which submitted an Equal Bid to such winning bid in the Auction; and (C) any FXCCMs which were Out Bidders in the Auction.
If and to the extent there are Auction Losses outstanding after the attribution process referred to in sub-paragraph (ii) above, those Auction Losses will be attributed to the remaining AIP Amounts of the Non- Defaulting SCM who submitted the winning bid, together with (where applicable) the remaining AIP Amount of any Non-Defaulting SCM who submitted a bid which was an Equal Bid or an Out Bid in relation to that winning bid.
In the event that more than one Non-Defaulting SCM or Non-Defaulting Joint Rates Service Clearing Member submits a bid of the same value (each an " Equal Bid"), the Clearing House will, subject to its discretion to reject all such Equal Bids, select the bid which was received first in time.