Financial Participant definition

Financial Participant means the term used under the Bankruptcy Code, pursuant to 11

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Financial Participant means an entity that represents and warrants in writing to the Selling Shareholders and to Mariner LLC that (i) as to that part of the entity's business engaged in or relating to, directly or indirectly, the oil and gas industry, the entity is primarily engaged in investing, including without limitation by way of purchase of debt or equity securities, in other entities, which may include oil and gas companies, and (ii) the entity is not the operator of any oil and gas well▇ ▇▇▇ does not have a significant oil and gas management team, including geologists and production engineers.

Financial Participant means the term used under the Bankruptcy Code, pursuant to 11 U.S.C 11 § 101 (22A), as it may be amended from time to time.

Examples of Financial Participant in a sentence

The Parties agree that each is a Financial Participant for the purposes of the Bankruptcy Code and waive any right to contest the other’s status as a Financial Participant in any proceeding under the Bankruptcy Code.
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.
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.
From time‐to‐time, NCPA will propose that one or more Financial Participants subscribe to a contemplated Financial Transaction by delivering a Financial Transaction Confirmation to each Financial Participant.
In addition, to the extent that the Buyer qualifies as a Financial Institution, Financial Participant and/or Master Netting Agreement Participant, transfers made, in connection with this Agreement, shall not be avoided as set forth in Sections 546(e) and 546(j) of the Bankruptcy Code.
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.
Additional Security Account funds may be required from a subscribing Financial Participant to commence a transaction, satisfy a margin call or terminate and liquidate a Financial Transaction.
Each Financial Participant shall promptly review such Financial Transaction Confirmation and determine whether to subscribe to the contemplated Financial Transaction by executing and returning the Financial Transaction Confirmation to NCPA.
Prior to executing a Financial Transaction, NCPA’s Chief Financial Officer, or designee, will notify each subscribing Financial Participant Exhibit C of the necessary amount to be funded in such Financial Participant’s Security Account by inserting such amount in the relevant portion of the Financial Transaction Confirmation.
NCPA shall promptly notify a Financial Participant of its election to enter into a requested Financial Transaction.

More Definitions of Financial Participant

Financial Participant means, in relation to The Union Pearson Group Inc., an entity that has any financial interest, whether through the ownership of securities, debt or otherwise;

Financial Participant means . . . an entity that, at the time it enters into a securities contract, commodity contract, swap agreement, repurchase agreement, or forward contract, or at the time of the date of the filing of the petition, has one or more [derivative] agreements . . . with the debtor or any other entity of a total gross dollar value of not less than $1,000,000,000 in notional or actual principal amount outstanding on any day during the previous 15-month period, or has gross mark-to- market positions of not less than $100,000,000 (aggregated across counterparties) in one or more such agreements or transactions with the debtor or any other entity . . . on any day during the previous 15-month period.