Examples of Initial Authorised Participant in a sentence
Notwithstanding anything to the contrary in these Conditions, for the avoidance of doubt, neither the approval of ETP Securityholders by way of an Extraordinary Resolution of ETP Securityholders or otherwise or the consent of the Trustee is required (without limitation) in connection with the accession of a new Authorised Participant to the Programme or the termination of the appointment of an existing Authorised Participant (including the Initial Authorised Participant).
N.C. (the "Initial Authorised Participant") and each Authorised Participant whose name is published on the Issuer's website (xxx.xxxxxxxxxxxxxx.xxx) and who is identified as an authorised offeror for these ETP Securities (each an "Authorised Offeror").
BNP Paribas Arbitrage S.N.C. is the Initial Swap Provider and the Initial Authorised Participant.
BNP Paribas Arbitrage S.N.C. is the Initial Authorised Participant.
For the avoidance of doubt, the Initial Authorised Participant will not be responsible for the compliance with any applicable restrictions on offer, sales and deliveries by the counterparties with which it deals.
Such Redemption Order will be cancelled subject to the agreement of the Arranger, the Initial Authorised Participant, the Issuing and Paying Agent on behalf of the Issuer and the Portfolio Administrator on behalf of the Issuer and the Portfolio Administrator, each acting in good faith and in a commercially reasonable manner.
The Initial Authorised Participant agrees to observe all of the applicable restrictions on offers, sales and deliveries of the relevant Series of ETP Securities as set out in the section of the Base Prospectus entitled “Subscription and Sale” (subject to any additions and/or modifications thereto set out in the relevant Supplemental Trust Deed and/or the relevant Final Terms).
Such Subscription Order will be cancelled subject to the agreement of the Arranger, the Initial Authorised Participant, the Portfolio Administrator on behalf of the Issuer and the Issuing and Paying Agent on behalf of the Issuer, each acting in good faith and in a commercially reasonable manner.
The Issuer shall promptly give notice of any such termination of the appointment of the Initial Authorised Participant to each Programme Party.
The Initial Authorised Participant concerned shall forthwith notify such an event to the other parties to this Authorised Participant Agreement.