Liquidation Procedure definition

Liquidation Procedure means the procedure outlined in Section5.6 pursuant to which Exchange may enter into Physically Settled Futures Transactions to Set-Off, in whole or in part, the Obligations of the Contracting Party under Physically Settled Futures Transactions;
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Liquidation Procedure means the liquidation procedure as defined in Part V of the Companies Law, and include all collective measures governing the operation of the Fund member and entail the prohibition or limitation of the power to dispose of assets of the Fund member;
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Liquidation Procedure means the procedure described at paragraph 4.2 (Liquidation Procedure) for determining a Termination Value in respect of a Reference Credit Derivative.
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Examples of Liquidation Procedure in a sentence

  • In order to meet any part of its obligations under the Notes or any other payments (if any) due from the Issuer under these Conditions in respect of a particular Series of Notes, the Issuer may, at any time, procure the liquidation of some or all of the Series Assets in respect of such Series, whereupon it shall appoint and instruct the Selling Party to arrange for and administer the sale of the relevant Series Assets in accordance with the Liquidation Procedure.

  • The Owner hereby sells, and Broker hereby purchases, the Assets listed as Items 1, 4, 23, 29 and 55 (Kubota Excavator w/ extra bucket, Atlas Copco U6 Drill with Jaw Kit and Pump, 3 ½ yd Wxxxxx Loader, Helios Jumbo Drill and KDS) as listed in Exhibit A attached hereto (the “Sold Assets”) for $300,000, $200,000 of which will be paid by Broker to Owner in cash on the date hereof and $100,000 of which will be paid by Broker to Owner in cash within 14 days of the date hereof.

  • The Contracting Party agrees and acknowledges that upon any failure by such Contracting Party to provide Eligible Collateral Support to Exchange in the amounts and manner set forth under the Risk Management Policy, Exchange shall have the rights and remedies set forth in this Agreement including, without limitation, the rights to cause a Contracting Party Suspension, effect the Close-out Procedure and/or effect the Liquidation Procedure with respect to the Contracting Party's Transactions.

  • Liquidation of an ARM loan differs from that of a fixed rate loan only as it relates to estimating the interest due the holder and verifying the principal balance on the VA Form 26-6713, Summary of Basis for Liquidation Procedure.

  • The Contracting Party agrees and acknowledges that upon any failure by such Contracting Party to provide Eligible Collateral Support to Exchange in the amounts and manner set forth under the Risk Management Policy, Exchange shall have the rights and remedies set forth in this Agreement including, without limitation, the rights to cause a Contracting Party Suspension, effect the Close-out Procedure and/or effect the Liquidation Procedure with respect to the Contracting Party’s Transactions.

  • Capitalized terms used herein and not separately defined shall have the meanings set forth in the Agreement.In giving our opinion we have assumed, with New Skies' consent and without independent verification, that at least U.S.$7.96 per share will be distributed to holders of New Skies' ordinary shares in the Distribution and Liquidation Procedure, and that the distributions contemplated by such procedure will be made in the time periods contemplated by the Agreement.

  • Factoring companies may deduct up to 1.5% of the annual average of any discounted claims from export activity without a right of recourse and up to 1% on the annual average of any discounted claims with a right of recourse.Ministerial Circular No. 1059/18.03.2015 provides Clarification on the Profits from Business Activities, the Liquidation Procedure and the Tax Rate Applicable to Legal Personsand Entities (Articles 47, 57 and 58 of the Income Tax Code respectively).

  • They effectively consolidate the Law on Bankruptcy Proceedings of the Federation of Bosnia & Herzegovina52 and the Law on Bankruptcy Proceedings of Republika Srpska.53 The Law on Liquidation Procedure of the Federation of Bosnia and Herzegovina54 is also considered here, although the provisions on matters relating to insolvency office holders are largely to be found in the Laws on Bankruptcy.

  • Liquidation and Close-out Procedures - Terms and ConditionsAs illustrated in the tables above, the Amendments consolidate the concepts of Liquidation Procedure, currently applicable to only physically settled products, and Close-out Procedure, currently applicable to only financially settled products, into revised section 5.8 applicable to all types of products.

  • Then, on 22.06.2006 the High Representative of BH passed the Decision on Initiating Liquidation Procedure and Appointing Liquidation Administrator.


More Definitions of Liquidation Procedure

Liquidation Procedure means the procedure outlined in Section 5.6 pursuant to which Exchange may enter into PhysicalPhysically Settled Futures Transactions to Set-Off, in whole or in part, the Obligations of the Contracting Party under PhysicalPhysically Settled Futures Transactions;
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Liquidation Procedure means the following procedure:
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Related to Liquidation Procedure

  • Liquidation Process Regulations means, the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations 2016 as amended from time to time;

  • Liquidation Report The report with respect to a Liquidated Mortgage Loan in such form and containing such information as is agreed to by the Servicer and the Trustee.

  • Liquidation Profits As to any Distribution Date and any Mortgage Loan that became a Liquidated Loan during the Applicable Unscheduled Principal Receipt Period with respect to Full Unscheduled Principal Receipts for such Distribution Date, the excess, if any, of (i) Net Liquidation Proceeds in respect of such Liquidated Loan over (ii) the unpaid principal balance of such Liquidated Loan plus accrued interest thereon in accordance with the amortization schedule at the time applicable thereto at the applicable Net Mortgage Interest Rate from the Due Date to which interest was last paid with respect thereto through the last day of the month preceding the month in which such Distribution Date occurs.

  • Random selection process means a process by which currently income-eligible households are selected for placement in affordable housing units such that no preference is given to one applicant over another except for purposes of matching household income and size with an appropriately priced and sized affordable unit (e.g., by lottery).

  • Liquidation Period has the meaning set forth in Section 10.6 of this Agreement.

  • Variation Procedure means the procedure for carrying out a Variation as set out in Clause 19.1 (Variation Procedure);

  • Dispute Resolution Procedure means the procedure for resolving disputes as set out in Clause 17 (Dispute Resolution);

  • Liquidation Proceeds Amounts, including Insurance Proceeds, received in connection with the partial or complete liquidation of defaulted Mortgage Loans, whether through trustee's sale, foreclosure sale or otherwise or amounts received in connection with any condemnation or partial release of a Mortgaged Property and any other proceeds received in connection with an REO Property, less the sum of related unreimbursed Servicing Fees and Advances.

  • Excess Liquidation Proceeds To the extent that such amount is not required by law to be paid to the related Mortgagor, the amount, if any, by which Liquidation Proceeds with respect to a Liquidated Mortgage Loan exceed the sum of (i) the Outstanding Principal Balance of such Mortgage Loan and accrued but unpaid interest at the related Mortgage Interest Rate through the last day of the month in which the related Liquidation Date occurs, plus (ii) related Liquidation Expenses.

  • Liquidation Type REO Sale 3rd Party Sale Short Sale Charge Off Was this loan granted a Bankruptcy deficiency or cramdown Yes No If “Yes”, provide deficiency or cramdown amount _______________________________

  • Excess Liquidation Proceeds Account The segregated account (or the sub-account of the Distribution Account) created and maintained by the Certificate Administrator on behalf of the Trustee pursuant to Section 3.04(d) for the benefit of the Certificateholders, which shall be entitled “Xxxxx Fargo Bank, National Association [or the name of any successor Certificate Administrator], as Certificate Administrator on behalf of Wilmington Trust, National Association [or name of any successor Trustee], as Trustee, for the benefit of the registered holders of WFRBS Commercial Mortgage Trust 2014-C22, Commercial Mortgage Pass-Through Certificates, Series 2014-C22, Excess Liquidation Proceeds Account”.

  • Liquidation means the distributions of the Trust Account to the Public Shareholders in connection with the redemption of Ordinary Shares held by the Public Shareholders pursuant to the terms of the Company’s Amended and Restated Memorandum and Articles of Association, as amended, if the Company fails to consummate a Business Combination.

  • Liquidation Call Right has the meaning ascribed thereto in the Plan of Arrangement;

  • Net Liquidation Proceeds With respect to any Liquidated Mortgage Loan or any other disposition of related Mortgaged Property (including REO Property) the related Liquidation Proceeds net of Advances, Servicing Advances, Servicing Fees and any other accrued and unpaid servicing fees received and retained in connection with the liquidation of such Mortgage Loan or Mortgaged Property.

  • Liquidation Distribution has the meaning specified in Section 9.4(d).

  • Auction Procedures means the auction procedures constituting Part II of the form of Statement as of the filing thereof.

  • Grievance Procedure is used in this Agreement, it shall be considered as including the arbitration procedure.

  • Dispute Resolution Procedures means the procedures outlined in Annexure A of the MSA Determination.

  • dispute resolution proceeding ’ means any process in which an alternative means of dispute resolution is used to resolve an issue in controversy in which a neutral is appointed and specified parties participate;

  • Dispute Resolution Process means the process described in clause 9

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Liquidation Event means, whether in a single transaction or series of transactions, the voluntary or involuntary liquidation, dissolution or winding up of the Company or such Subsidiaries the assets of which constitute all or substantially all of the assets of the business of the Company and its Subsidiaries, taken as a whole.

  • Liquidation Date means (a) in the case of an event giving rise to the dissolution of the Partnership of the type described in clauses (a) and (b) of the first sentence of Section 12.2, the date on which the applicable time period during which the holders of Outstanding Units have the right to elect to continue the business of the Partnership has expired without such an election being made, and (b) in the case of any other event giving rise to the dissolution of the Partnership, the date on which such event occurs.

  • Operation Procedures means the procedures contained in Annexure A hereto which the Contractor is obliged to follow when performing work on behalf of the company

  • Liquidation Price means the price at which the Trustee sells the Underlying Securities.

  • Senior Liquidation Amount For any Distribution Date, the sum of (A) the aggregate, for each Mortgage Loan which became a Liquidated Mortgage Loan during the Prior Period, of the lesser of: (i) the Senior Percentage of the Principal Balance of such Mortgage Loan and (ii) the Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan and (B) the Senior Prepayment Percentage of any Subsequent Recoveries for such Distribution Date.