Receiving Member definition

Receiving Member shall have the meaning set forth in Section 10.4(b).

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Receiving Member means a Member which will be receiving a payment in a Bulk Clearing Settlement Run.

Receiving Member means a Member which receives a credit transfer (other than credit transfers in respect of Articles) which has been effected through CHATS.

Examples of Receiving Member in a sentence

• If the Receiving Member does not send its Election Notice within such 30 Day Period, such Receiving Member(s) shall be deemed conclusively to have elected to sell its entire Membership Interest.

• Receiving Member shall pay for services received from appropriation items or accounts of the Receiving Member from which like expenditures would normally be paid, based upon special vouchers drawn by the Receiving Member, or through electronic transactions, payable to Performing Member.

• Not later than 30 days after the giving of the Buy-Sell Notice to the Receiving Member, the Receiving Member shall notify (the "Response Notice") the other Member whether such Receiving Member elects (a) to sell or (b) to purchase, in either case at the Capital Interest Price.

• If the Receiving Member does not elect to purchase, the Receiving Member shall sell its Capital Interest to the Triggering Member.

• Failure to give the Response Notice within such 30-day period shall be deemed to be an election to sell by the Receiving Member.

More Definitions of Receiving Member

Receiving Member means in respect of an account transfer the Member to which the account of the client is to be transferred.

Receiving Member shall have the meaning set forth in Section 2.4(c).

Receiving Member means a clearing member who has to receive or has received documents in fulfillment of contracts to which these Rules, Bye Laws and Regulations apply unless the context indicates otherwise.

Receiving Member means a Direct Participant which will be receiving a payment in a Bulk Clearing Settlement Run.

Receiving Member means a Member which receives a credit transfer which has been effected through CHATS.

Receiving Member shall have the meaning set forth in Section 12.2(a) of this Agreement. 1.98 Regulations. “Regulations” shall mean the Treasury Regulations promulgated pursuant to the Code. 1.99

Receiving Member the meaning set forth in Exhibit G.