Voluntary Recap Request Notice definition

Voluntary Recap Request Notice means a written notification provided by HKSCC pursuant to Rule 2509A to a Clearing Participant requesting for a Voluntary Recap Amount;
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Voluntary Recap Request Notice means a written notification provided by HKSCC pursuant to Rule 2509A to a Clearing Participant requesting for a Voluntary Recap Amount; Section 10 Exchange Trades - CNS System 10.16 RISK MANAGEMENT: CONTRACT TERMINATION10.16.1 GeneralFollowing the occurrence of an Event of Default, if HKSCC reasonably believes that: (i) it will not be able to effect Closing-out Contracts with respect to all or any Market Contracts of the defaulting Clearing Participant or Clearing Agency Participant within a reasonable time as determined by HKSCC; or (ii) there will not be sufficient resources to satisfy its obligations and liabilities arising out of prevailing Market Contracts with non-defaulting Clearing Participants and Clearing Agency Participants as a result of such Event of Default, HKSCC may, without prejudice to any other rights under the Rules, invoke the contract termination process as provided for in Rule 3709 in consultation with the Commission. For the purposes of this Section, (i) references to “Eligible Securities” mean Eligible Securities other than China Connect Securities; and (ii) references to “Market Contract” mean a Market Contract other than a contract between HKSCC and a China Connect Clearing Participant arising as a result of the Novation of a China Connect Securities Trade to be settled under the CNS System. If HKSCC invokes contract termination in accordance with Rule 3709, it shall determine the Identified Market Contracts under Rule 3709 and notify the relevant Clearing Participants and Clearing Agency Participants of its determination, including details of the Identified Market Contracts and the effective date of termination of such Identified Market Contracts. Notwithstanding the above, at any time during the contract termination process but prior to the effective date of termination of the relevant Identified Market Contracts, HKSCC may instead of proceeding with the termination of such Market Contracts, declare the occurrence of a Clearing Service Termination Event, and in such case the Identified Market Contracts shall not be terminated in accordance with the contract termination process but shall be terminated in accordance with Rule 4301.10.16.2 Calculation of termination valueThe termination value for each Identified Market Contract shall be determined based on the prevailing market price at the time of contract termination, or if such market price is not available, the price shall be such price as HKSCC may reasonably determine. On t...
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Voluntary Recap Request Notice means a written notification provided by HKSCC
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Examples of Voluntary Recap Request Notice in a sentence

  • Upon receipt of a Voluntary Recap Request Notice issued by HKSCC in accordance with Rule 2509A(i), a Clearing Participant may, but is not obliged to, provide its Voluntary Recap Amount to HKSCC within one Business Day following receipt of the Voluntary Recap Request Notice.

  • In the event that financial resources made available through Assessments are insufficient to cover the remaining credit losses, HKCC may issue a notice ( Voluntary Recap Request Notice) requesting each non-defaulting HKCC Participant to make a payment of funds to HKCC.

  • If HKSCC determines at any stage that the loss arising from a Relevant Event is expected to exceed the financial resources available including the Guarantee Fund and the relevant amount received or to be received under Rule 2508 and those available to be applied under Rules 2507A and 3702(ii), HKSCC may issue a Voluntary Recap Request Notice requesting each Clearing Participant to make a Voluntary Recap Amount to HKSCC.

  • Upon receipt of the Voluntary Recap Request Notice, each Non-Defaulting Clearing Member may, but is not obliged to, provide its Voluntary Recap Amount to OTC Clear within one OTC Clear Business Day following receipt of the Voluntary Recap Request Notice.

  • Voluntary Recapitalization 4.46 In the event that financial resources made available through Assessments are insufficient to cover the remaining credit losses, HKSCC may issue a notice (Voluntary Recap Request Notice) requesting each non-defaulting CP to make a payment of funds to HKSCC.

  • Voluntary Recap Request Notice) requesting each non-defaulting HKCC Participant to make a payment of funds to HKCC.

  • The European Union understands that Canada was citing from the document contained in Exhibit JE-4 (European Parliament, Report on the Proposal for a Regulation of the European Parliament and of the Council concerning Trade in Seals Products (COM(2008)0469 – C6- 0295/2008 – 2008/0160(COD)), A6-0118/2009 (5 March 2009)).

  • While reinvesting the staking rewards, pool hard cap can be overloaded since the cap is not checked in reinvest function.Path: ./ats-contracts/contracts/DecubateMasterChef.sol: reinvest()Recommendation: Check the hard cap for both reinvesting and staking.Status: Mitigated (Customer stated that the compounder contract is permitted to keep compounding the rewards even if the pool is full.

  • Voluntary Recap Request Notice) requesting each non-defaulting SEOCH Participant to make a payment of funds to SEOCH.

Related to Voluntary Recap Request Notice

  • Request Notice has the meaning set forth in Section 3.02(a).

  • Second Notice means notice to the Class in a form to be approved by the Court, which shall substantially be in accordance with the notice at Schedule “E”.

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • Election Notice has the meaning set forth in Section 11.01(b).

  • Issuance Notice Date means any Trading Day during the Agency Period that an Issuance Notice is delivered pursuant to Section 3(b)(i).

  • Designation Notice means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit I.

  • Advance Notice Date means each date the Company delivers to the Investor an Advance Notice requiring the Investor to advance funds to the Company, subject to the terms of this Agreement. No Advance Notice Date shall be less than seven (7) Trading Days after the prior Advance Notice Date.

  • Conversion/Continuation Notice is defined in Section 2.9.

  • Notice Date has the meaning specified in Section 2.10.

  • Mandatory Tender Notice means, in connection with the Mandatory Tender of VRDP Shares, a notice delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider specifying a Mandatory Tender Event and Purchase Date.

  • Investor Notice means written notice from an Investor notifying the Company and the selling Key Holder that such Investor intends to exercise its Secondary Refusal Right as to a portion of the Transfer Stock with respect to any Proposed Key Holder Transfer.

  • Extension Notice has the meaning specified in Section 308.

  • Step-In Notice has the meaning set out in Section 3.1;

  • Draw Down Notice shall have the meaning assigned to such term in Section 5.1(f) hereof.

  • Interest Notice Period shall have the meaning set forth in Section 2(a).

  • Reduction Notice has the meaning set forth in Section 1.3.

  • Notice of Continuation/Conversion has the meaning specified in Section 2.2(b).

  • Acquisition Notice has the meaning ascribed to such term in Section 2.1(a).

  • Redemption Notice Date means, with respect to a Redemption, the date on which the Company sends the Redemption Notice for such Redemption pursuant to Section 4.03(F).

  • Funding Notice means a notice substantially in the form of Exhibit A-1.

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Put Notice Date means the Trading Day, as set forth below, immediately following the day on which the Investor receives a Put Notice, however a Put Notice shall be deemed delivered on (a) the Trading Day it is received by facsimile or email by the Investor if such notice is received prior to noon Eastern Time, or (b) the immediately succeeding Trading Day if it is received by facsimile or otherwise after noon Eastern Time on a Trading Day. No Put Notice may be deemed delivered on a day that is not a Trading Day.

  • Closing Notice Has the meaning specified in the NPA. Company: Has the meaning specified in the first paragraph of this Trust Supplement.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Nomination Notice means all information and documents that a Nominating Stockholder is required to submit to the Secretary of the Corporation pursuant to Section 1.13(f).

  • Request Date means each Comfort Letter Request Date, each Officer’s Certificate Request Date and each Opinion Request Date.