Novated Contracts definition

Novated Contracts means, subject to the exceptions set forth in Section 2.7 hereof, the Novation Subject Contracts as to which (i) all applicable approvals from Governmental Authorities and all Required Consents of Policyholders have been obtained and (ii) Certificates of Assumption have become effective. For the avoidance of doubt, if a Novated Contract is no longer treated as a Novated Contract pursuant to Section 2.7, such Novation Subject Contract will continue to be treated as a Reinsured Contract.

Novated Contracts has the meaning set forth in Section 3.11(b).

Novated Contracts means (if applicable) the contracts specified by endorsement to the Policy.

Examples of Novated Contracts in a sentence

• An example of the calculation of Clearing Member Variation Margins for Novated Contracts other than Marginable Futures Contracts is set out below.

• The Clearing Member Required Margins that a Clearing Member is required to place for Novated Contracts other than Marginable Futures Contracts is calculated with reference to all outstanding settlement obligations of such Clearing Member.

• Mark to market gains for Novated Contracts other than Marginable Futures Contracts cannot be used to offset margin requirements for Marginable Futures Contracts, and vice versa.

• Calculation of Clearing Member Maintenance Margins for Novated Contracts other than Marginable Futures Contracts 3.2. The Clearing Member Maintenance Margins for Novated Contracts other than Marginable Futures Contracts is calculated based on the Valuation Price of securities in the Novated Contracts.

• An example of the calculation of Clearing Member Maintenance Margins for Novated Contracts other than Marginable Futures Contracts is set out below.

More Definitions of Novated Contracts

Novated Contracts shall have the meaning set forth in Section 5.20(e). “Novation Agreement” shall have the meaning set forth in Section 5.20(b). “OCC” shall have the meaning set forth in Section 3.29(a).

Novated Contracts shall have the meaning set forth in Article III ----------------- hereof.

Novated Contracts means the contracts listed in Schedule 1 of the Telethon Deed of Novation;

Novated Contracts means the Contracts set forth on Schedule 1.1(a)(vii).

Novated Contracts has the meaning ascribed to such term in Section 1.2(a)(ii).

Novated Contracts means a Reinsured Contract that has been novated to the Reinsurer or another Affiliate of the Parties in accordance with applicable Law.

Novated Contracts shall have the meaning set forth in the Assumption Reinsurance Agreement.