Non-representation Notice definition
Non-representation Notice means a notice in writing from you to us specifying that, in respect of such Representing Party, clause 7.1(a) of this Schedule C and, where not already disapplied, clause 7.1(b) of this Schedule C is disapplied and does not form part of the NFC Representation;
Non-representation Notice means a notice in writing from a Representing Party to the other party specifying that, in respect of such Representing Party, Section 5(3)(a)(i) and, where not already disapplied, Section 5(3)(a)(ii) of the NFC Representation is disapplied and does not form part of the NFC Representation.
Examples of Non-representation Notice in a sentence
Party B provides such information (i) in the relevant Clearing Status Notice or a Non-representation Notice, or (ii) failing which, as soon as possible upon Party A’s request.
If Party B delivers a Non-representation Notice to Party A other than because Party B is or will become a financial counterparty (as such term is defined in EMIR), Party A will classify Party B as a non-financial counterparty that is subject to the clearing obligation.
If Party B delivers a Non-representation Notice to Party A other than because Party B is or will become a financial counterparty (as such term is defined in EMIR).