Loss Distribution Trigger Event definition

Loss Distribution Trigger Event means, with respect to a Non-Defaulting FXCCM, the aggregate Cash Gainer Payment Currency Adjustments applied to Cash Payments during the Loss Distribution Period (as amended from time to time) exceeded that FXCCM’s Loss Distribution Trigger Amount (as amended from time to time) on the immediately preceding Loss Distribution Day.
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Loss Distribution Trigger Event means, with respect to a Non-Defaulting Rates Service Clearing Member, the aggregate Cash Gainer Payment Currency Adjustments applied to Cash Payments during the Loss Distribution Period (as amended from time to time) exceeded that Rates Service Clearing Member’s Loss Distribution Trigger Amount (as amended from time to time) on the immediately preceding Loss Distribution Day.
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Examples of Loss Distribution Trigger Event in a sentence

  • On each business day following the commencement of the ForexClear Loss Distribution Process (except where the Clearing House is unable to make a determination due to a systems failure or similar event beyond the Clearing House’s control), the Clearing House shall determine if a Loss Distribution Trigger Event has occurred or is likely to occur and, if so, shall notify all FXCCMs accordingly.

  • On each business day following the commencement of the Rates Service Loss Distribution Process (except where the Clearing House is unable to make a determination due to a systems failure or similar event beyond the Clearing House’s control), the Clearing House shall determine if a Loss Distribution Trigger Event has occurred or is likely to occur and, if so, shall notify all Rates Service Clearing Members accordingly.

Related to Loss Distribution Trigger Event

  • Flip-In Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Periodic Distribution Date means the first Business Day that is as soon as reasonably practicable occurring approximately ninety (90) days after the immediately preceding Periodic Distribution Date.

  • Final Distribution Date The Distribution Date on which the final distribution in respect of the Certificates is made pursuant to Section 9.01.

  • Main Distribution Frame (MDF) is termination frame for outside facility and inter-exchange office equipment at the central office for DS-0 and DSL services.