IOSCO Principles definition

IOSCO Principles means the International Organization of Securities Commissions’ (IOSCO) Principles for Financial Benchmarks, as the same may be amended or supplemented from time to time.

IOSCO Principles shall have the meaning shall have the meaning assigned to it in Section 2.21(d).

IOSCO Principles has the meaning set out in Section 13.1(4).

Examples of IOSCO Principles in a sentence

IDI is responsible for the day-to-day management of the Index, including retaining primary responsibility for all aspects of the index determination process, including implementing appropriate governance and oversight, as required under the International Organization of Securities Commission’s Principles for Financial Benchmarks (the IOSCO Principles).
The IOSCO Principles aim to create an overarching framework of principles for benchmarks to be used in financial markets, specifically covering (among other things) governance and accountability as well as the quality, integrity and transparency of benchmark design, determination and methodologies.
The Governance Committee is responsible for helping to ensure IDI’s overall compliance with the IOSCO Principles, by performing the Oversight Function which includes overseeing the index development, design, issuance and operation of the indices, as well as reviewing the controlframework.
IDI is responsible for the day-to-day management of the Index, including retaining primary responsibility for all aspects of the Index determination process, including implementing appropriate governance and oversight, as required under the International Organization of Securities Commission’s Principles for Financial Benchmarks (the IOSCO Principles).
The IDI Governance Committee is responsible for helping to ensure IDI’s overall compliance with the IOSCO Principles, by performing the Oversight Function which includes overseeing the Index development, design, issuance and operation of the Indices, as well as reviewing the control framework.

More Definitions of IOSCO Principles

IOSCO Principles means the Principles for Financial Benchmarks, Final Report of July 2013, published by the Board of the International Organization of Securities Commissions, as supplemented, updated and replaced from time to time.

IOSCO Principles shall have the meaning set forth in Section 2.27(d). “IP Rights” has the meaning assigned to such term in Section 3.05(c). “IRS” means the U.S. Internal Revenue Service. “Issuing Bank” means, as the context may require, (a)

IOSCO Principles shall have the meaning set forth in Section 3.18(4). (152) “Issuance Date” means the date on which a Letter of Credit is issued by the Issuing Bank in favour of a third party at the request of the Borrower. (153) “Issuing Bank” means Royal Bank of Canada, when acting as the issuer of Letters of Credit on the basis that it is “fronting” for other Lenders, or any successor issuer of Letters of Credit. For greater certainty, where the context requires, references to “Lenders” in this Agreement include the Issuing Bank. (154) “ITA” means the Income Tax Act (Canada), as amended, and any successor thereto, and any regulations promulgated thereunder. (155) “Joint Venture” means a joint venture, partnership, co-ownership or other similar arrangement between the Borrower or any of its Subsidiaries and any third-party Person or Persons. (156) “Judgment Currency” has the meaning given to it in Section 14.7.

IOSCO Principles means the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks. “Lender” means each financial institution from time to time party hereto as a “Lender” together with its respective successors and permitted assigns; provided, however, that the term “Lender” (x) except as otherwise expressly provided herein, shall exclude any Lender (or its Affiliates) in its capacity as a Specified Derivatives Provider or Specified Cash Management Bank and (y) shall exclude each Departing Lender from and after the Effective Date. “Lender Parties” means, collectively, the Administrative Agent, the Lenders, the Specified Derivatives Providers, the Specified Cash Management Banks, each co-agent or sub- agent appointed by the Administrative Agent from time to time pursuant to Section 11.5., any other holder from time to time of any Obligations and, in each case, their respective successors and permitted assigns. “Lending Office” means, for each Lender and for each Type of Loan, the office of such Lender specified in such Lender’s Administrative Questionnaire or in the applicable Assignment and Assumption, or such other office of such Lender as such Lender may notify the Administrative Agent in writing from time to time. “Level” has the meaning given that term in the definition of the term “Applicable Margin.” “Lien” as applied to the property of any Person means: (a) any security interest, encumbrance, mortgage, deed to secure debt, deed of trust, assignment of leases and rents, pledge, lien, hypothecation, assignment, charge or lease constituting a Capitalized Lease Obligation, conditional sale or other title retention agreement, or other security title or encumbrance of any kind in respect of any property of such Person, or upon the income, rents or profits therefrom; (b) any arrangement, express or implied, under which any property of such Person is transferred,

IOSCO Principles means the International Organization of Securities Commissions’ (IOSCO) Principles for Financial Benchmarks, as the same may be amended or supplemented from time to time. IRS shall mean the United States Internal Revenue Service. ISP98 shall have the meaning specified in Section 12.11.1 [Governing Law]. Issuing Lender shall mean PNC, in its individual capacity as issuer of Letters of Credit hereunder, and any other Lender that Bxxxxxxxx, Administrative Agent and such other Lender may agree may from time to time issue Letters of Credit hereunder. Law shall mean any law(s) (including common law), constitution, statute, treaty, regulation, rule, ordinance, opinion, issued guidance, release, ruling, order, executive order, injunction, writ, decree, bond, judgment, authorization or approval, lien or award of or any settlement arrangement, by agreement, consent or otherwise, with any Official Body, foreign or domestic. Lxxxxx Xxxxxxx shall mean a joinder by a Lender under this Agreement and the other Loan Documents in substantially the form of Exhibit 1.1(L). Lenders shall mean the financial institutions named on Schedule 1.1(B) and their respective successors and assigns as permitted hereunder, each of which is referred to herein as a Lender. For the purpose of any Loan Document which provides for the granting of a security interest or other Lien to the Lenders or to the Administrative Agent for the benefit of the Lenders as security for the Obligations, "Lenders" shall include any Affiliate of a Lender to which such Obligation is owed. Letter of Credit shall have the meaning specified in Section 2.8.1 [Issuance of Letters of Credit].

IOSCO Principles has the meaning specified in Section 2.13(d). “IP Security Agreement” has the meaning specified in the Security Agreement. “IRS” means the United States Internal Revenue Service. “ISDA U.S. QFC Protocol” has the meaning specified in Section 10.21. “Judgment Currency” has the meaning specified in Section 10.19(a). “Judgment Currency Conversion Date” has the meaning specified in Section 10.19(a). “Laws” means, collectively, all international, foreign, Federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law. “Lender” has the meaning specified in the introductory paragraph hereto. “Lender Insolvency Event” means that (i) a Lender or its Parent Company is insolvent, or is generally unable to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors or (ii) such Lender or its Parent Company is the subject of a Debtor Relief Law or similar proceeding, or a receiver, trustee, conservator, intervenor or sequestrator or the like has been appointed for such Lender or its Parent Company, or such Lender or its Parent Company has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment. “Lending Office” means, as to any Lender, the office or offices of such Lender described as such in such Xxxxxx’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent. “License” means any license (including licenses or certificates of authority from Applicable Insurance Regulatory Authorities), permit or authorization to transact insurance and reinsurance business or to act as an insurance agent or broker. “Lien” means any mortgage, pledge, hypothecation, collateral assignment, deposit arrangement, encumbrance, lien (statutory or other), charge or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever in the nature of a...

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