Market Practice definition

Market Practice means the practice and course of dealing, including the manner of implementing Index Transitions, under repurchase facilities for Similar Loans with similarly situated counterparties domiciled in the United States.

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Market Practice means the practice and course of dealing, including the manner of implementing Index Transitions, under similar repurchase facilities.

Market Practice. “Rate Adjustment”; “Replacement Index”; “Replacement Index Transaction”

Examples of Market Practice in a sentence

• The Custodian shall provide the Fund with its Market Practice Reports in respect of any foreign market where a Series shall place and maintain Investments.

• Such Market Practice Report may describe some of the Sovereign Risks outlined above.

• Subcustodians will likewise maintain records of their client’s transactions and reconcile their records of the securities holdings of their clients against the records of the CSDs in which they are a direct participant in accordance with the Subcustodians’ standard procedures and Local Market Practice.

• Such Market Practice Report may describe some of the Country Risks outlined above.

• The Custodian will settle all transactions in accordance with Local Market Practice, which may not always be on a delivery-versus-payment or receipt-versus-payment basis.

• Maintain records of the Client’s transactions in the Securities Accounts and reconcile its records of clients’ securities holdings against the records of its Subcustodians and CSDs in which it is a direct participant in accordance with the Custodian’s standard procedures and Local Market Practice.

• The Client bears the risk of investing in Securities or other assets or holding cash denominated in any currency or holding assets in a particular market, including investment risk and risk arising from the political, regulatory, legal or financial infrastructure of such market or otherwise arising from Local Market Practice.

• The Custodian will use reasonable efforts to monitor and collect on a timely basis, in accordance with Local Market Practice, all income and other payments to which the Client is entitled in respect of the Securities held under this Agreement and Securities on loan through the securities lending program sponsored by the Custodian or its Affiliates.

• The Auction Agent will follow the Bond Market Association's Market Practice U.S. Holiday Recommendations for shortened trading days for the bond markets (the "BMA Recommendation") unless the Auction Agent is instructed otherwise.

• The Auction Agent will follow The Bond Market Association's Market Practice U.S. Holiday Recommendations for shortened trading days for bond markets (the "BMA Recommendation") unless the Auction Agent is instructed otherwise by the Company.

More Definitions of Market Practice

Market Practice means practice which is:

Market Practice means at any time the exercise of that degree of care, skill, diligence, prudence, efficiency, foresight and timeliness which would be reasonably expected at such time from a leading and expert supplier of services similar to the Services to a customer like the Customer, such supplier seeking to comply with its contractual obligations in full and complying with applicable Laws

Market Practice means the practice and course of dealing by lenders and buyers, including the manner of implementing Index Transitions, within the residential mortgage warehouse lending market with respect to other warehouse and repurchase facilities with similarly situated counterparties to Seller and with substantially similar assets to the Eligible Mortgage Loans.

Market Practice means the practice and course of dealing, including the manner of implementing Index Transitions, within secured transactions involving middle market commercial loans.

Market Practice means the practice and course of dealing of Buyer, including the manner of implementing Index Transitions with similarly situated counterparties to Seller, under similar repurchase facilities for similar assets.

Market Practice means the practice and course of dealing, including the manner of implementing Index Transitions, within the market for master repurchase facilities involving similar commercial real estate assets. LEGAL_US_E # 144570876.