Reference Market-makers means four leading dealers in the relevant market selected by the party determining a Market Quotation in good faith (a) from among dealers of the highest credit standing which satisfy all the criteria that such party applies generally at the time in deciding whether to offer or to make an extension of credit and (b) to the extent practicable, from among such dealers having an office in the same city.
Reference Market-makers means four leading dealers in the relevant market selected by the party determining a Market Quotation in good faith (a) from among dealers of the highest credit standing which satisfy all the criteria that such party applies generally at the time in deciding whether to offer or to make an extension of credit and (b) to the extent practicable, from among such dealers having an office in the same city
Reference Market-makers means five brokers or market makers of securities such as the Reference Bond selected by the Calculation Agent or such other five persons operating in the market for securities such as the Reference Bond as are selected by the Calculation Agent in consultation with the Issuer; and
Examples of Reference Market-makers in a sentence
Market Quotation involves the Non-defaulting Party obtaining close-out quotations from four major dealers (called Reference Market-makers) for the replacement cost of the Terminated Transactions (i.e. how much it would theoretically cost to step into the Non- defaulting Party’s shoes).
More Definitions of Reference Market-makers
Reference Market-makers means four leading dealers in the relevant market selected by the party determining a Market Quotation in good faith:
Reference Market-makers means four leading dealers in the relevant swap market selected by the party determining a Market Quotation in good faith (a) from among dealers of the highest credit standing which satisfy all the criteria that such party applies generally at the time in deciding whether to offer or to make an extension of credit and (b) to the extent practicable, from among such dealers having an office in the same city.
Reference Market-makers means up to five brokers or market-makers of securities such as the Benchmark Security selected in good faith by the Issuer or such other five persons operating in the market for securities such as the Benchmark Security as are selected in good faith by the Issuer and "Reference Market Maker" shall be construed as any one of them.
Reference Market-makers means three brokers or market makers of securities such as the Reference Bond selected by the Make-Whole Calculation Agent or such other three persons operating in the market for securities such as the Reference Bond as are selected by the Make-Whole Calculation Agent in consultation with the Issuer; and Reference Rate means, with respect to any Make-Whole Redemption Date, the rate per annum equal to the equivalent yield to maturity of the Reference Xxxx, calculated using a price for the Reference Bond (expressed as a percentage of its principal amount) equal to the Reference Bond Price for such Make-Whole Redemption Date. The Reference Rate will be calculated on the Reference Rate Determination Day specified in the applicable Final Terms.
Reference Market-makers means three gilt edged market makers selected by the Agent, failing which such other three persons operating in the gilt edged market as are selected by the Agent Bank;
Reference Market-makers means four leading dealers in the market for interest rate swaps selected by the Trustee (or its agent) in good faith from among dealers of the highest credit standing which satisfy all the criteria that the Trustee (or its agent) applies generally at the time in deciding whether to offer or to make an extension of credit or, if quotations from four such leading dealers are not reasonably obtainable, three such leading dealers.
Reference Market-makers means brokers or market makers of bunds selected by the Calculation Agent or such other persons operating in the bunds market as are selected by the Calculation Agent in consultation with the Issuer; and