Fallback Mechanism definition

Fallback Mechanism has the meaning specified in § 15.3 (Fallback Mechanism); "Floating Price" has the meaning specified in § 15.1 (Settlement Price Calculation); "Force Majeure" has the meaning specified in § 7.1 (Definition of Force Majeure);
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Fallback Mechanism has the meaning specified in §
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Fallback Mechanism has the meaning specified in § 15.3 (Fall Back Mechanism);
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Examples of Fallback Mechanism in a sentence

  • Each Party shall promptly negotiate in good faith to agree with the other on an Alternative Settlement Price (or a method for determining the Alternative Settlement Price), and, if the Parties have not so agreed on or before the fifth Business Day following the first Calculation Date on which the Market Disruption Event existed, the next applicable Fallback Mechanism shall apply.

  • The Calculation Agent shall determine the Alternative Settlement Price which shall be the price for that Calculation Date of the first Alternate Commodity Reference Price (if any, specified in the applicable Individual Contract), which is not itself subject to a Market Disruption Event; if an Alternate Commodity Reference Price has not been agreed on in the Individual Contract, the next applicable Fallback Mechanism shall apply for the relevant Individual Contract.

  • In the event of a Market Disruption Event, the order of succession of § 15.3 (Fallback Mechanism) from (a) to (c) shall be binding upon the Calculation Agent.

  • The Calculation Agent can only use the next following Fallback Mechanism provision if the previous Fallback Mechanism provision is not available due to a Market Disruption Event or otherwise as provided in § 15.3 (Fallback Mechanism), as applicable.

  • Section V.C.2 and VIII.B.3.b– Bidder Reference Part II ‐ Debt Collection Services Reference Contact Name: Phone Number Fax Number Email Address Part III ‐ Systems Reference Contact Name: Phone Number Fax Number Email Address *Attach additional forms as necessary for each contract submitted for Collection Experience.

  • In the event one or more parties choose not to endorse the Recommendations, the parties endorsing the Recommendations retainthe right to submit the Recommendations to the Bureau of Reclamation and the State Engineer for acceptance and adoption pursuant to this section with less endorsing parties than listed in paragraph 9.

  • Each Party shall promptly negotiate in good faith to agree with the other on an Alternative Set- tlement Price (or a method for determining the Alternative Settlement Price), and, if the Parties have not so agreed on or before the fifth Business Day following the first Calcu- lation Date on which the Market Disruption Event existed, the next applicable Fallback Mechanism shall apply.

  • The Calculation Agent can only use the next following Fallback Mechanism provision if the previous Fallback Mechanism provision is not available due to a Market Disruption Event or other- wise as provided in 15.3 (Fallback Mechanism ), as applicable.

  • Upon the occurrence of a Market Disruption Event as specified in 15.4 (Definition of Market Disruption Event ), the Calculation Agent shall determine an alternative price to which the relevant Individual Contract shall be settled (the ”Alternative Settlement Price”) according to the applicable Fallback Mechanism con- tained in the provisions of 15.3 (Fallback Mecha- nism ).

  • The Cal- culation Agent shall determine the Alter- native Settlement Price which shall be the price for that Calculation Date of the first Alternate Commodity Reference Price (if any, specified in the applicable Individual Contract), which is not itself subject to a Market Disruption Event; if an Alternate Commodity Reference Price has not been agreed on in the Individual Contract, the next applicable Fallback Mechanism shall apply for the relevant Individual Contract.


More Definitions of Fallback Mechanism

Fallback Mechanism means, in respect of the Foreign Exchange Rate and any relevant day (or, if such day is not a FX Business Day, the earlier of (I) the next following FX Business Day, and (II) the second weekday prior to the Maturity Date), that the Foreign Exchange Rate will be determined by the Calculation Agent for the Relevant Day as follows:
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Related to Fallback Mechanism

  • ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

  • ISDA Fallback Rate means the rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment.

  • Default Settlement Method means Combination Settlement with a Specified Dollar Amount of $1,000 per $1,000 principal amount of Notes; provided, however, that the Company may, from time to time, change the Default Settlement Method by sending notice of the new Default Settlement Method to the Holders, the Trustee and the Conversion Agent.

  • Payment Security Mechanism shall have the meaning ascribed thereto in Article 10.4 of this Agreement;

  • Base Day-ahead Scheduling Reserves Requirement means the thirty-minute reserve requirement for the PJM Region established consistent with the Applicable Standards, plus any additional thirty-minute reserves scheduled in response to an RTO-wide Hot or Cold Weather Alert or other reasons for conservative operations. Base Load Generation Resource

  • Additional Day-ahead Scheduling Reserves Requirement means the portion of the Day- ahead Scheduling Reserves Requirement that is required in addition to the Base Day-ahead Scheduling Reserves Requirement to ensure adequate resources are procured to meet real-time load and operational needs, as specified in the PJM Manuals.

  • Fund Disruption Event means any of the following events, as determined by the Determination Agent in its reasonable discretion:

  • Increased Cost of Hedging means that the Issuer would incur a materially increased (as compared with circumstances existing on the First Trading Date) amount of tax, duty, expense or fee (other than brokerage commissions) to (A) acquire, establish, re-establish, substitute, maintain, unwind or dispose of any transaction(s) or asset(s) it deems necessary to hedge the risk of issuing and performing its obligations with respect to the Securities, or (B) realise, recover or remit the proceeds of any such transaction(s) or asset(s), provided that any such materially increased amount that is incurred solely due to the deterioration of the creditworthiness of the Issuer shall not be deemed an Increased Cost of Hedging.

  • Day-ahead Scheduling Reserves Requirement means the sum of Base Day-ahead Scheduling Reserves Requirement and Additional Day-ahead Scheduling Reserves Requirement.

  • EPP test Means one EPP command sent to a particular “IP address” for one of the EPP servers. Query and transform commands, with the exception of “create”, shall be about existing objects in the Registry System. The response shall include appropriate data from the Registry System. The possible results to an EPP test are: a number in milliseconds corresponding to the “EPP command RTT” or undefined/unanswered.

  • Reference Level means the level of the Index (excluding any flash estimates) published or announced by Eurostat (or any successor entity which publishes such index) in respect of the month that is 12 calendar months prior to the month referred to in “Latest Level” above.

  • Settlement Method means, with respect to any conversion of Notes, Physical Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been elected) by the Company.