External Mark Statement definition

External Mark Statement means a written statement prepared by Party A setting out the mark-to-market value, provided by an independent third party that is capable of entering into transactions of the type of the Transactions entered into between Party A and Party B pursuant to this Agreement, of the Transaction(s) (other than the Transaction constituted by this Annex) entered into between Party A and Party B pursuant to this Agreement (such valuation an "External Mark"), provided that for these purposes it is acknowledged that the party providing such External Mark need not provide a firm bid or be obliged in any way to enter into a transaction with Party B on equivalent terms to any Transaction entered into between Party A and Party B pursuant to this Agreement.
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External Mark Statement means either (A) a written statement prepared by Party A setting out an indicative valuation of Party B's Exposure in respect of the Transaction, provided by an independent third party that is capable of entering into transactions of the type of the Transactions entered into between Party A and Party B pursuant to this Agreement (such valuation an "External Mark"), provided that for these purposes it is acknowledged that: (a) the party providing such External Mark: (1) may use such assumptions at it thinks reasonable in its sole discretion; (2) need not provide a firm bid or be obliged in any way to enter into a transaction with Party B on equivalent terms to any Transaction entered into between Party A and Party B pursuant to this Agreement; and (b) Party A makes no warranties as to the validity of any assumptions used or the accuracy of any External Mark; or (B) such other statement regarding the liquidity of the Transactions in respect of which a rating agency confirmation from S&P is obtained;
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Examples of External Mark Statement in a sentence

  • Party A hereby agrees that, for so long as the S&P Threshold for Party A is zero, it will no less frequently than semi-annually provide to S&P the External Mark Statement unless (i) S&P has provided a rating agency confirmation to Party A and Party B to the effect that such External Mark Statement is not required or (ii) such External Mark Statement is not required by S&P's then current counterparty criteria in respect of structured finance securities.

  • So long as (i) the S&P Threshold is zero, (ii) S&P's then current counterparty criteria in respect of structured finance securities requires that an External Mark be provided, and (iii) S&P's confirmation has not been obtained that an External Mark is not required, Party A will no less frequently than semi- annually provide to S&P the External Mark Statement.

Related to External Mark Statement

  • External Market Buyer means a Market Buyer making purchases of energy from the PJM Interchange Energy Market for consumption by end-users outside the PJM Region, or for load in the PJM Region that is not served by Network Transmission Service.

  • Internal Market Buyer means a Market Buyer making purchases of energy from the PJM Interchange Energy Market for ultimate consumption by end-users inside the PJM Region that are served by Network Transmission Service.

  • External User means a user of an Online Service that is not an employee, onsite contractor, or onsite agent of Customer or its Affiliates.

  • External Manager means either of the following: (1) A person who is seeking to be, or is, retained by a board or an investment vehicle to manage a portfolio of securities or other assets for compensation, or (2) A person who manages an investment fund and who offers or sells, or has offered or sold, an ownership interest in the investment fund to a board or an investment vehicle.

  • external borders means external borders as defined in Article 2(2) of Regulation (EU) 2016/399;

  • External Verifier means a qualified provider of third-party assurance or attestation services appointed by the Guarantor to review the Guarantor's statement of the Sustainability Performance Targets.

  • External dose means that portion of the dose equivalent received from any source of radiation outside the body.

  • Nasdaq National Market means the National Association of Securities Dealers Automated Quotation National Market or any successor national securities exchange or automated over-the-counter trading market in the United States.

  • external company means a foreign company that is carrying on business, or non-profit activities, as the case may be, within the Republic, subject to section 23(2);

  • External inspection means an inspection made when a boiler is in operation.

  • Internal Use means use of the Sprinklr Services for Customer’s and/or Customer Affiliates’ general business use, solely for the benefit of Customer and/or Customer Affiliates, but does not include use of the Sprinklr Services to provide any services for the benefit of third parties.

  • Form 10 means the registration statement on Form 10 filed by SpinCo with the SEC to effect the registration of SpinCo Shares pursuant to the Exchange Act in connection with the Distribution, as such registration statement may be amended or supplemented from time to time prior to the Distribution.

  • Stock Market means a securities market operated by a securities exchange;

  • Internal Systems means the internal systems of each of the Corporation that are presently used in its Business or operations, including, computer hardware systems, software applications and embedded systems.

  • Internal Restructuring shall have the meaning set forth in Section 7.02(f) of this Agreement.

  • NASDAQ means the Nasdaq National Market.

  • Automated external defibrillator means a defibrillator device to which all of the following apply:

  • Internal control means a process effected by an entity's governing board, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

  • Transparency Reports means a report in accordance with Schedule 7 Part 1 (Transparency Reports) containing the contract information as set out in the table for that Part for publication by the Authority in the interests of transparency.

  • External Resource means a generation resource located outside the metered boundaries of the PJM Region.

  • Internal Collaboration means collaborative arrangements within a group of companies or within various strategic business. units/subsidiaries/operating divisions in order to gain a strategic position whilst sharing resources, profits and losses as well as risks

  • NYSE means the New York Stock Exchange.

  • External floating roof means a storage vessel cover in an open tank top consisting of a double deck or pontoon single deck which rests upon and is supported by the petroleum liquid being contained and is equipped with a closure seal or seals to close the space between the roof edge and tank shell.

  • Coordinated External Transaction means a transaction to simultaneously purchase and sell energy on either side of a CTS Enabled Interface in accordance with the procedures of Operating Agreement, Schedule 1, section 1.13, and the parallel provisions of Tariff, Attachment K- Appendix.

  • external wall means an outer wall of a building even though adjoining to a wall of another building and also means a wall abutting on an interior open space of a building;

  • External Debt means obligations (other than the Notes) of, or guaranteed by, the Republic for borrowed money or evidenced by bonds, notes or other similar instruments denominated or payable, or those which at the option of the holder thereof are so denominated or payable, in a currency other than the local currency of the Republic.