Examples of Financial Participant in a sentence
Exhibit B Statement of Work General Reporting Subrecipient shall submit all Financial, Participant MIS, Program Performance, and all other reports required by WSW in accordance with the specified time frames in this contract.
A new Financial Participant shall not be entitled to participate in any Financial Transactions consummated prior to the date it becomes a Financial Participant unless one or more of the existing Financial Participants (each, an “Allocating Financial Participant”) elect to assign all or a portion of their Financial Transaction Subscription Percentage in one or more such Financial Transactions to such new Financial Participant.
See Exhibit C‐2, the terms of which are hereby incorporated herein The undersigned Financial Participant hereby agrees that NCPA shall be entitled to negotiate any additional terms and conditions to the Financial Transaction subscribed to hereunder and shall be entitled to negotiate and execute any incidental agreements, certificates or other documents related thereto.
The Withdrawing Financial Participant shall provide to NCPA the applicable agreements between the Withdrawing Financial Participant and the Adjusting Financial Participant(s) Exhibit C regarding any such assignments and NCPA shall reflect the change in its Deal Capture System, recording the new allocation of Financial Transaction Subscription Percentages.
Any fees relating to such assignment shall be settled exclusively between each Allocating Financial Participant and the new Financial Participant.
Withdrawal by any Financial Participant will not terminate any outstanding or contingent liabilities or obligations resulting from this Financial Addendum until they are assigned to an Adjusting Financial Participant, or are otherwise satisfied in full, or such Withdrawing Financial Participant has provided a mechanism reasonably acceptable to NCPA and the remaining Financial Participants, for the satisfaction in full thereof.
A Withdrawing Financial Participant will continue to be liable for all Financial Transactions entered into on its behalf which is not assumed by an Adjusting Financial Participant.
In connection with each such assignment, any reduction in an Allocating Financial Participant’s Security Account requirements shall be credited back to the Allocating Participant in accordance with Section 5.3.2 of the Exhibit C Agreement and Section 5 of this Financial Addendum and the new Financial Participant shall immediately be required to satisfy such requirements by funding its own Security Account.
This Financial Addendum shall be effective as to each Financial Participant as of the date it is last executed by NCPA or by a Financial Participant.
A Withdrawing Financial Participant shall reimburse NCPA for any and all costs resulting from the withdrawal, including but not limited to the legal, accounting, and administrative costs of winding up and assuring the complete satisfaction and discharge of the Withdrawing Financial Participant’s obligations.