Maximization Payment definition

Maximization Payment means the additional payment(s), if any, that are required to be made by CME to NYMEX, or vice versa, pursuant to section 8C of this Agreement after payments are made under the Guaranty.
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Maximization Payment. ’ means the additional payment(s), if any, that are required to be made by FICC to CME, or vice versa, pursuant to Section 8C of this Agreement after payments are made under the Guaranty. See Section 8C of the Existing Agreement, ‘‘Maximization Payment,’’ supra note 4.
Sample 1

Examples of Maximization Payment in a sentence

  • Each Clearing Organization may, in its discretion, apply internally, Remaining Account Surpluses to the Defaulting Member’s customer or client deficits prior to making a Maximization Payment where permitted by applicable law, and shall do so, if required by applicable law.

  • NYMEX shall not be liable for any payment to be made by CME under this Agreement, including, without limitation, any Guaranty Payment or Maximization Payment.

  • CME shall not be liable for any payment to be made by NYMEX under this Agreement, including, without limitation, any Guaranty Payment or Maximization Payment.

  • Each Maximization Payment Guarantor has a security interest in the Aggregate Net Surplus as security for the Maximization Reimbursement Obligation, and has all rights of a secured creditor under the New York Uniform Commercial Code.

  • In the event that the final amount of the Maximization Payment is greater or less than the amount originally determined, the Maximization Reimbursement Obligation shall be adjusted accordingly and payment of the difference shall be made between the Maximization Payment Guarantor and the Defaulting Member or its Cross-Margining Affiliate, as appropriate.

  • Such obligation (the "Maximization Reimbursement Obligation") shall be due immediately upon a demand by the Maximization Payment Guarantor to the Defaulting Member or its Cross-Margining Affiliate specifying the amount of such obligation.

  • In the event that a liquidation of a Cross-Margining Participant is pending on the termination date, the provisions of this Agreement pertaining to such liquidation shall survive the termination until such liquidation has been completed and any Guaranty Payment, possible Return of Guaranty Payment and Maximization Payment that may be due from one Clearing Organization to the other in respect of such liquidation have been paid.

Related to Maximization Payment

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Termination Payment means the amount payable by either Party to the other upon Termination in accordance with Article 23;

  • Upfront Payment has the meaning set forth in Section 4.1.