Examples of Membership Termination Date in a sentence
In addition, any application of the Rates and FX Contribution Balance or demand for the CM Unfunded Contribution Amount after a Clearing Member’s Membership Termination Date in respect of such Rates and FX Loss shall be limited to its Maximum Current Liability in respect of the relevant Capped Liability Period.610.
A Clearing Member’s liability after its Membership Termination Date in respect of any Rates and FX Loss shall be limited to any Rates and FX Loss arising out of any DMP Event occurring in any Capped Liability Period that has commenced prior to its Membership Termination Date (even if the expiry of the relevant Capped Liability Period occurs after the Membership Termination Date).
The Membership Agreement will commence on the Membership Commencement Date and end on the Membership Termination Date.
Following a Membership Termination Date and upon the Clearing House being satisfied that a non-defaulting Clearing Member has satisfied all of its actual and contingent obligations under the Clearing Documentation, the Clearing House shall redeliver any Collateral of the Clearing Member which relate to the clearing service such Clearing Member has ceased to participate in, to the extent such Collateral has not been applied in accordance with the Default Management Process.
In such circumstances, the non- defaulting Clearing Member may be required to maintain some or all of its Default Fund Contributions until after the completion of the Default Management Process related to the relevant Event of Default, notwithstanding the relevant Membership Termination Date might occur prior to such date.
Following its Membership Termination Date, a Former Clearing Member shall be entitled to the redelivery of Collateral in form and amount equal to the Rates and FX Contribution delivered by such Clearing Member, to the extent not applied in accordance with Chapter 15 and Chapter 19 of these Clearing Rules, and subject to, and in accordance with, the provisions of Clearing Rules 1546 and 1547.
The Early Termination Fee will not be payable in respect of any Additional Member who enters into another membership agreement with the Club on the day immediately following the Membership Termination Date (in which case that Additional Member will not be required to pay any joining fee).
This category entitles the Member concerned, subject to clause 8.1, to utilise his or her Module until dissolution of the Management Association or the Membership Termination Date in respect of that Member, whichever occurs first.
If the Membership Agreement is terminated and, as at the Membership Termination Date, the Member or any Additional Member is still within their Minimum Period, the Member shall pay on demand an Early Termination Fee in respect of each such member save for any member who the Club agrees to enter into another membership agreement to begin on the day immediately following the Membership Termination Date.
The obligation to pay the Early Termination Fee in respect of an Additional Member will not apply if that Additional Member enters into another membership agreement with the Club to begin on the day immediately following the Membership Termination Date (in which case the Additional Member shall not be required to pay any joining fee).