Professional Market Party definition

Professional Market Party means a “professional market party” (professionele marktpartij) within the meaning of the Dutch Act on Financial Supervision (Wet op het financieel toezicht) and any regulations promulgated thereunder from time to time.

Professional Market Party means a professional market party (professionele marktpartij) under the Dutch Exemption Regulation.

Professional Market Party means a professional market party as defined in the Financial Supervision Act (Wet op het financieel toezicht), as such definition is amended from time to time to include or exclude persons or entities.

Examples of Professional Market Party in a sentence

• A Lender which makes a representation which is untrue in relation to its status as a Professional Market Party or its status as part of a closed circle (besloten xxxxx) cannot make a demand under this paragraph.

• Notwithstanding the other provisions of this Condition 7(k), if, within five Business Days of the delivery of the PMP Notice by the Issuer, the Non PMP Holder produces a validly signed opinion of qualified, reputable Dutch counsel addressed to the Issuer and the Swap Counterparty that opines without reservation that the Non PMP Holder is a Professional Market Party, the other provisions of this Condition 7(k) shall not apply in respect of that Non PMP Holder.

• UPC Distribution shall not be liable under this paragraph (e) to any Lender which makes a representation which is untrue in relation to its status as a Professional Market Party or its status as part of a closed circle (besloten xxxxx).

• The definition of Professional Market Party is included under “Global – Dutch 1992 Act of the Supervision of the Credit System” in section “Subscription and Sale” of the Programme Memorandum of the Dutch Issuer.

• If, on the date the Additional Facility Accession Agreement becomes effective, it is a requirement under Dutch law that a Lender needs to be qualified as a Professional Market Party, such Lender must make the declaration and representation set out in paragraph 4 of the Additional Facility Accession Agreement.

More Definitions of Professional Market Party

Professional Market Party a "professional market party (professionele marktparij)" under the Exemption Regulation of the Dutch Minister of Finance (Vrijstellingsregeling WtK 1992), which includes as of the date hereof:

Professional Market Party means a professional market party as defined in the Dutch Banking Act Exemption Regulation, which includes among others:

Professional Market Party means a professional market party (professionele marktpartij) defined in article 1:1, paragraph a, of the Netherlands Act on Financial Supervision, in conjunction with Article 3 of the Netherlands Decree Definitions AFS.

Professional Market Party means a professional market party (professionele marktpartij) within the meaning of the Exemption Regulation; and (iii) "WTK" means the Dutch Act on the Supervision of Credit Institutions 1992 (Wet toezicht kredietwezen 1992) (as amended from time to time). Credit Agreement

Professional Market Party means a professional market party (professionele marktpartij) within the meaning of the Exemption Regulation and the Dutch Central Bank’s Policy Guidelines, which as of the date of this Agreement include, without limitation, (i) certain credit institutions, insurance companies, pension funds, securities intermediaries, asset managers and investment institutions that are registered and subject to government supervision in The Netherlands, any other European Economic Area member state, Monaco, Puerto Rico, Saudi Arabia, Turkey, South Korea, the United States, Japan, Australia, Canada, Mexico, New Zealand or Switzerland and subsidiaries thereof which are subject to government supervision, (ii) central governments, international treaty organizations and supranational public institutions, (iii) companies which have assets with a book value of EUR500,000,000 or more, according to their annual accounts as per the end of their financial year preceding the year in which they grant or obtain the relevant loan or a portion thereof, (iv) companies or natural persons with net assets of EUR10,000,000 or more as per the end of the preceding calendar year and which have been active on the financial markets with an average of at least two transactions per month during the preceding two consecutive years, (v) persons under supervision of the regulatory authority as referred to in section 1 subsection f of the Decree on the Supervision of the Securities Trade 1995 (Besluit toezicht effectenverkeer 1995), or under supervision of the regulatory authority of another state to be active on the financial markets, (vi) legal entities or partnerships which, pursuant to their latest (consolidated) financial statements meet two of the following three criteria: (a) an average number of employees during the financial year of 250 or more, (b) according to their balance sheet having an asset-value of at least EUR43,000,000, and (c) yearly turnover of at least EUR50,000,000, (vii) a legal entity or partnership having the sole corporate purpose of investing in securities and (viii) collective investment institutions that are exempt from the Act on the Supervision of Collective Investment Schemes pursuant to section 1 or 2 of the Regulation of the Minister of Finance of 9 October 1990 implementing section 14 of that Act.

Professional Market Party or "PMP" means a professional market party (professionele marktpartij) as defined in the Exemption Regulation.

Professional Market Party means a professional market party (professionele marktpartij) as defined in the Wft;