Negotiated Fallback definition

Negotiated Fallback. (provided that the reference in Section 7.5(c)(ii) to “fifth Business Day” shall be amended to be “twelfth Business Day”); and
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Negotiated Fallback shall have the meaning set forth in Section 7.5(c)(iii) of the Commodity Definitions; provided that the word “fifth” shall be replaced with the word “third”.
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Negotiated Fallback means that each party to a Transaction will, promptly upon becoming aware of the Market Disruption Event or Additional Market Disruption Event, negotiate in good faith to agree with the other on a Relevant Price (or a method for determining a Relevant Price), and, if the parties have not so agreed on or before the fifth Business Day or Bullion Business Day following the first Pricing Date on which that Market Disruption Event
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Examples of Negotiated Fallback in a sentence

  • No Fault Termination.”If this clause is inserted it is envisaged that, should Negotiated Fallback not deliver a result, the Calculation Agent Determination will deliver a result.

  • Index Price Disruption If the Index Price is no longer available (“Index Price Disruption Event”), the Seller shall determine and use the Alternative Index Price according to the following order: Fallback Index Price: as specified here: Alternative 1: [●] Alternative 2: [●]; Negotiated Fallback: Each Party shall promptly negotiate in good faith to agree with the other on an Alternative Index Price (or a method for determining the Alternative Index Price).

  • Negotiated Fallback: the parties negotiate in good faith to agree on another Relevant Price (or a method for determining a Relevant Price) before the fifth Business Day following the first Pricing Date on which the Market Disruption Event occurs or exists.

  • For example, when the state updated alternate and quorum requirements in August 2005, some zoning boards found they had to update the text of their bylaws, creating unnecessary work.

  • Fallback Reference Dealers is deemed to expire without producing a Relevant Price if an adequate number of quotations are not provided within three Business Days after Negotiated Fallback ceases its concurrent operation with Postponement or Delayed Publication and Announcement.

  • For example, Van Evera (1997) presents eleven case selection criteria,4 seven of which serve for theory building and eight of which aid theory testing.

  • Fallback Reference Price; with the next applicable Disruption Fallback to be Negotiated Fallback; with the next applicable Disruption Fallback to be Dealer Fallback; and with the next applicable Disruption Fallback to xxXx Fault Termination.

  • The “default” Disruption Fallbacks have been changed from just Fallback Reference Price and Calculation Agent Determination in the 1997 Bullion Definitions to Fallback Reference Price, Delayed Publication or Announcement, Postponement, Negotiated Fallback, Fallback Reference Dealers and No Fault Termination in the 2005 Definitions.


More Definitions of Negotiated Fallback

Negotiated Fallback. (provided that the reference in Section 7.5(c)(ii) to “fifth Business Day” shall be amended to be “twelfth Business Day”); and The Relevant Price will be determined and calculated as set forth in the definition of “Commodity-Reference Dealers”, however, notwithstanding any reference to the number of Specified Prices in such definition, Party B shall obtain in good faith quotations from two (2) leading dealers in the relevant market and the price for that Pricing Date will be the arithmetic mean of the Specified Prices. Executed effective as of the date first written above: DEUTSCHE BANK AG ENRON CREDIT LTD. NORTH AMERICA CORP. By: By: Name: Name: Title: Title: Date: Date By: Name: Title: Date: 35 Document Name:Enron Schedule
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Negotiated Fallback. (provided that the reference in Section 7.5(c)(ii) to “fifth Business Day” shall be amended to be “twelfth Business Day”). *** The Toronto- Dominion Bank(Texas), Inc. by: _______________________________ Name: Title: Enron Canadapital & Trade Resources Corp. by: _______________________________ Name: C.M. Xxxxx Xxxxxxx Title: Director by: _______________________________ Name: Title:
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Negotiated Fallback. (and the reference in Section 7.5(c)(iii) to “fifth Business Day” shall be amended to be “twelfth Business Day”); and “Fallback Reference Dealers”; provided, however, notwithstanding any reference to the number of Specified Prices in the definition of “Commodity Reference Dealers” set forth in Sub-Annex A, Section 7.2(c)(iii) of the Commodity Definitions, Party A shall obtain in good faith quotations from two (2) leading dealers in the relevant market and the price of that Pricing Date will be the arithmetic mean of the Specified Prices. Such dealers may not be Affiliates of either party.
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Negotiated Fallback means that each party to a Transaction will, promptly upon becoming aware of the Market Disruption Event
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Negotiated Fallback. (provided that the reference in Section 7.5(c) (ii) to “fifth Business Day” shall be amended to be “twelfth Business Day”); and The Relevant Price will be determined and calculated as set forth in the Definition of “Commodity-Reference Dealers”, however, notwithstanding any reference to the number of Specified Prices in such definition, Party A shall obtain in good faith quotations from two (2) leading dealers in the relevant market and the price for that Pricing Date will be arithmetic mean of the Specified Prices. EXECUTED effective as of the date first written above. ENOVATE L.L.C. PEOPLES ENERGY CORPORATION By: By: Name: Name: Title: Title: Date: Date: ANNEX A ISDA CREDIT SUPPORT ANNEX, including Paragraph 13 thereto SCHEDULE 1 IRREVOCABLE TRANSFERABLE STANDBY LETTER OF CREDIT EXHIBIT A FORM OF GUARANTY (PARTY A)
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Related to Negotiated Fallback

  • ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

  • Callback means the irregular or occasional overtime work performed by a Customs Officer either on a day when work was not regularly scheduled for that officer or which begins at least one hour after the end of the officer’s regularly-scheduled tour of duty and ends at least one hour before the begin- ning of the following regularly-sched- uled assignment and requires the offi- cer to return to a place of work.

  • Exchange Disruption means any event (other than an Early Closure) that disrupts or impairs (as determined by the Determination Agent) the ability of market participants in general (i) to effect transactions in, or obtain market values for the Shares on the Exchange or (ii) to effect transactions in, or obtain market values for, futures or options contracts relating to the Share on any Related Exchange.

  • Resettlement Framework or “RF” means the resettlement framework for the Project, including any update thereto, prepared and submitted by the Borrower and cleared by ADB;

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • Averaging Period means the time over which a limit is measured or a monitoring result is obtained;

  • Fallback Reference Price (if the relevant parties have specified an alternate Commodity Reference Price in the Confirmation);

  • ISDA Fallback Rate means the rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence of an index cessation date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment.

  • Notice Delivery Period means the period from and including the Trade Date, to and including a day that is three (3) Business Days following the date that is 14 calendar days after the Scheduled Termination Date. Section 1.23 (Notice Delivery Period) of the Credit Derivatives Definitions shall be amended accordingly.

  • Specific Change in Law means a Change in Law that relates specifically to the business of the Authority and which would not affect a Comparable Supply;

  • Periodic Term SOFR Determination Day has the meaning specified in the definition of “Term SOFR”.

  • Price Source Disruption means (a) the failure of the Price Source to announce or publish the Reference Price (or the information necessary for determining the Reference Price); or (b) the temporary or permanent discontinuance or unavailability of the Price Source.

  • Benchmark Replacement Adjustment means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities at such time.

  • Cash Settlement Averaging Period means, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity Date.

  • SOFR Adjustment means 0.10% (10 basis points).

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).

  • Day-ahead Congestion Price means the Congestion Price resulting from the Day-ahead Energy Market.

  • Public procurement unit means either a local public procurement unit or a state public procurement unit.

  • Service delivery area means the defined geographic area for delivery of program services.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • SOFR Adjustment Conforming Changes means, with respect to any SOFR Rate, any technical, administrative or operational changes (including changes to the interest period, timing and frequency of determining rates and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Administrator decides, from time to time, may be appropriate to adjust such SOFR Rate in a manner substantially consistent with or conforming to market practice (or, if the Administrator decides that adoption of any portion of such market practice is not administratively feasible or if the Administrator determines that no market practice exists, in such other manner as the Administrator determines is reasonably necessary).

  • Additional Day-ahead Scheduling Reserves Requirement means the portion of the Day- ahead Scheduling Reserves Requirement that is required in addition to the Base Day-ahead Scheduling Reserves Requirement to ensure adequate resources are procured to meet real-time load and operational needs, as specified in the PJM Manuals.

  • Averaging Date means each date specified as an Averaging Date in the relevant Final Terms or, if such date is not a Scheduled Trading Day, the immediately succeeding Scheduled Trading Day unless such day is a Disrupted Day in the opinion of the Calculation Agent. If such day is a Disrupted Day, then:

  • Cashless facility means a facility extended by the insurer to the insured where the payments, of the costs of treatment undergone by the insured in accordance with the policy terms and conditions, are directly made to the network provider by the insurer to the extent pre-authorization approved.