Novated Contract definition

Novated Contract. A contract between the Clearing House and a Trading Clearing Participant arising as a result of the novation of an On-Market Transaction referred to in Rule 5.1A(a).
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Novated Contract has the meaning set forth in Section 11.4.
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Novated Contract means any deed of novation or novation agreement specified by endorsement to this policy.
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Examples of Novated Contract in a sentence

  • For avoidance of doubt, this Chapter shall apply to all ISS Transaction resulting either from Novated Contract or Direct Business Contract.

  • No cover is provided for liabilities in the Novated Contract that were not covered by the Policy prior to the novation.

  • The marked-to-market gain or loss of each Novated Contract is calculated based on the difference between the Valuation Price of the security of the Novated Contract and the price at which the Novated Contract is bought and sold, as well as the quantity of securities in the Novated Contract.

  • The marked-to-market gains and losses of a Clearing Member’s Novated Contracts are aggregated to determine its Clearing Member Variation Margins: Clearing Member Variation Margins = Sum of (Valuation Price – Traded Price) × (buy quantity – sell quantity) of securities in each Novated Contract across all unsettled Novated Contracts of the Clearing Member Positive results are Clearing Member Variation Margin gains.

  • For the avoidance of doubt, the termination of each Novated Contract shall be without prejudiceto any of the rights or remedies of CDP thereunder and CDP's right to damages in respect of any breach (whether antecedent or otherwise)under each Novated Contract shall not be extinguished.

  • Upon the assumption reinsurance of each UNUM Contract and First UNUM Contract (each now a ‘‘Novated Contract’’), Lincoln Life or Lincoln Life on NY will assume all of UNUM’s or First UNUM’s liabilities under the Novated Contract.

  • The marked-to- market gain or loss of each Novated Contract is calculated based on the difference between the Valuation Price of the security of the Novated Contract and the price at which the Novated Contract is bought and sold, as well as the quantity of securities in the Novated Contract.

  • Where a Professional Service has been novated under a written contract (the "Novated Contract") to theInsured, Exclusion 3.3 (Contractual or Commercial Liabilities) will not apply to the Novated Contract.

  • Comment [B25]: Consequential to reflecting some of the buying-in provisions that will be removed from the Exchange Rules and included in Rule 5.2A below.(b) The Clearing House’s obligation to deliver Securities to a buying Clearing Participant pursuant to a Novated Contract on any due settlement day shall be discharged by the crediting of such Securities to the relevant securities account of the buying Clearing Participant or the buying Clearing Participant’s client by 9.00am on the due settlement day.

  • This would wholly eliminate the economic and other impacts of this rule.


More Definitions of Novated Contract

Novated Contract means a novated contract submitted, and approved in writing by the Insurer and detailed on the Schedule.
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Novated Contract shall have the meaning set forth in Article III ---------------- hereof.
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Novated Contract means the Original Contract as novated by this Deed;
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Novated Contract shall have the meaning set forth in Section 2.3(a).
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Novated Contract means any Residual Contract listed in Part 2 of Schedule 5;
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Novated Contract means any deed of novation or novation agreement specified by endorsement to this policy. 6.20 Period of Insurance
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Related to Novated Contract

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Assigned Contract has the meaning set forth in Section 1.5(a).

  • Covered contract means a DoD prime contract for an amount exceeding the simplified acquisition threshold, except for a fixed-price contract without cost incentives. The term also includes a subcontract for an amount exceeding the simplified acquisition threshold, except for a fixed-price subcontract without cost incentives under such a prime contract.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • works contract means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property wherein transfer of property in goods (whether as goods or in some other form) is involved in the execution of such contract;

  • Classified Contract means an agreement between two or more Contractors, which contains or the execution of which requires access to Classified Information;

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • Shared Contract shall have the meaning set forth in Section 2.8(a).

  • Customer Contracts has the meaning set forth in Section 2.1(b)(ii)(A).