Sending Member definition

Sending Member means a Member which initiates a credit transfer (other than credit transfers in respect of Articles) through CHATS.

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Sending Member means a Direct Participant which initiates a credit transfer (other than credit transfers in respect of Articles) through CHATS.

Sending Member means a Member which initiates a credit transfer through CHATS.

Examples of Sending Member in a sentence

The Buy-Sell Notice shall specify a cash price for the entire interest in the Company (the "Tendered Interest") of the Member delivering such notice (the "Sending Member"), together with a proposed closing date for the sale of the Tendered Interest, which shall be no sooner than sixty (60) days and no later than one hundred twenty (120) days after such Buy-Sell Notice.
If there is no Response given within the time specified above, the Receiving Member shall be deemed to have agreed to sell all of its interests in the Company to the Sending Member as provided in Section 16.2(b).
In addition, the Sending Member shall include with the Buy-Sell Notice such documentation as may be necessary to reasonably establish the financial ability of the Sending Member to acquire the interests of the other Members if obligated to do so pursuant to Section 16.2.

Sending Member has the meaning set forth in Section 16.1(c).

Sending Member. As described in Section 10.5(a).