Recognized Foreign Exchange Dealers definition

Recognized Foreign Exchange Dealers means (a) any of the first three foreign exchange dealers in a list of five foreign exchange dealers to be agreed upon by the Bank and the Exchange Rate Agent (the “Dealer List”), or (b) upon the failure to obtain one or more of such bids from the first three or, if three are not available, the first two foreign exchange dealers in the Dealer List, such other foreign exchange dealers listed in the descending order of their appearance on the Dealer List as shall be necessary to obtain the three bids as required by Section 3 hereof, or (c) in the absence of bids under subsection (a) or (b) above, such other firms located in The City of New York as the Bank shall advise the Exchange Rate Agent from time to time in writing. Nothing contained herein shall be considered to prohibit the Exchange Rate Agent from serving as a Recognized Foreign Exchange Dealer.
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Recognized Foreign Exchange Dealers means (a) any of the first three foreign exchange dealers in a list to be selected by the Exchange Rate Agent, or (b) upon the failure to obtain one or more of such bids from the first three firms in the list, such other firms listed in the descending order of their appearance on such list, as shall be necessary to obtain the three bids as required by Section 2 hereof, or (c) in the absences of bids under subsection (a) or (b) above, such other firms located in The City of New York as the Exchange Rate Agent shall advise the Company from time to time in writing. Nothing contained herein shall be considered to prohibit the Exchange Rate Agent from serving as a Recognized Foreign Exchange Dealer.
Sample 1

Examples of Recognized Foreign Exchange Dealers in a sentence

  • As of 11:00 a.m., New York City time, on the second Business Day next preceding the applicable Payment Date, the Exchange Rate Agent will solicit bid quotations from three Recognized Foreign Exchange Dealers (as defined in Section 3 hereof) for the purchase by the quoting Recognized Foreign Exchange Dealer of the aggregate amount of the Specified Currency which is to be exchanged for payment in U.S. dollars on such Payment Date.

  • The Exchange Rate Agent shall notify the Company and the Paying Agent, by telex, telefax or telephone and confirmed promptly in writing or in any other manner satisfactory to the Company or the Paying Agent, (i) of the highest exchange rate quoted in the bids received from the Recognized Foreign Exchange Dealers or (ii) if such bids are not available from the Recognized Foreign Exchange Dealers.

  • Despite the above suggestions, MEPL continues under-injection beyond the specified limit of UI Regulations which has impact in system security as well as declaration of Available Transfer Capability/Total Transfer Capability (ATC/TTC) between S1-S2 control areas.

Related to Recognized Foreign Exchange Dealers

  • Recognized Exchange means The New York Stock Exchange or the Nasdaq National Market.

  • Foreign Exchange (FX) means a service whereby calls either originated by or delivered to a customer who has purchased FX service from the state or interstate tariffs of either Party. FX also includes, but is not limited to, FX-like services provided by either Party where calls are originated from and/or delivered to numbers which are assigned to a Rate Center within one local calling area but where the Party receiving the call is physically located outside of that local calling area. FX service can be either interLATA or intraLATA. InterLATA FX, where the originating and receiving parties are physically located in different LATAs, is considered equivalent to FGA and the intercarrier compensation mechanism is the same as FGA. IntraLATA FX, when provided by two or more local exchange carriers “LECs”, is considered a jointly provided service and meet-point billed by those providing it utilizing a mutually agreed to meet-point billing, or meet-point billing like procedure.

  • international waters means waters falling outside the sovereignty or jurisdiction of any State;

  • Recognized Stock Exchange means any stock exchange agreed upon by the competent authorities of the Contracting Parties;

  • Recognised Investment Exchange means a recognised investment exchange as defined by section 285 of the Financial Services and Markets Xxx 0000;

  • securities dealer means a person or entity that is authorized under provincial legislation to engage in the business of dealing in securities or any other financial instruments or to provide portfolio management or investment advising services.

  • Commercial Paper Dealers means Merrill Lynch, Pierce, Fenner & Smith Incorporated and such other commercial paper dealer or dealers as the Corporation may from time to time appoint, or, in lieu of any thereof, their respective affiliates or successors.

  • Foreign Exchange Rate means, with respect to any currency other than United States dollars, as of any date of determination, the rate set forth in the exchange rate section of The Wall Street Journal or, if not published in The Wall Street Journal, then the average of the opening bid and asked rates on such date at which such currency may be exchanged for United States dollars as quoted by JPMorgan Chase Bank, National Association (or any successor thereto or other major money center commercial bank agreed to by the Parties).

  • Personal Securities Transactions means any transaction in a Security pursuant to which an Access Person would have a Beneficial Ownership interest with the exception of obligations of the U.S. Government, bankers’ acceptances, bank certificates of deposit, money market fund shares, commercial paper, high quality short-term debt instruments and registered open-end investment companies, none of which are funds advised or sub-advised by the Firm.

  • Personal Securities Transaction means any transaction in a Covered Security in which an Access Person has a direct or indirect Pecuniary Interest.

  • recognised clearing house means an organisation recognised as such pursuant to FSMA;

  • National Exchange means the Nasdaq Global Select Market, the Nasdaq Global Market, the Nasdaq Capital Market, or the New York Stock Exchange.

  • Private Securities Transaction means any securities transaction relating to new offerings of securities which are not registered with the Securities and Exchange Commission, provided however that transactions subject to the notification requirements of Rule 3050 of the Financial Industry Regulatory Authority’s (FINRA) Conduct Rules, transactions among immediate family members (as defined in the interpretation of the FINRA Board of Governors on free-riding and withholding) for which no associated person receives any selling compensation, and personal securities transactions in investment company and variable annuity securities shall be excluded.

  • Renminbi Dealer means an independent foreign exchange dealer of international repute active in the Renminbi exchange market in Hong Kong reasonably selected by the Issuer.

  • National Securities Exchange means an exchange registered with the Commission under Section 6(a) of the Exchange Act or any successor thereto.

  • the London Stock Exchange means London Stock Exchange plc;

  • Securities Transaction means a purchase of or sale of Securities.

  • Local Exchange Carrier or "LEC" means any Carrier that is engaged in the provision of telephone Exchange Service or Exchange Access. Such term does not include a Carrier insofar as such Carrier is engaged in the provision of a commercial mobile service under Section 332(c) of the Act, except to the extent that the FCC finds that such service should be included in the definition of such term.

  • recognised stock exchange means any stock exchange agreed upon by the competent authorities of the Contracting Parties;

  • Securities Trading Act means the Securities Trading Act of 2007 no.75 of the Relevant Jurisdiction.