CMU Member definition
CMU Member means any member of the CMU;
CMU Member means any member of the CMU; CMU Notes means Notes that are, or are intended to be, cleared through the CMU;
CMU Member means any member of the CMU.
Examples of CMU Member in a sentence
The CMU is only available to CMU Notes issued by a CMU Member or by a person for whom a CMU Member acts as agent for the purposes of lodging instruments issued by such persons.
Instead, the HKMA advises the lodging CMU Member (or a designated paying agent) of the identities of the CMU Members to whose accounts payments in respect of the relevant CMU Notes are credited, whereupon the lodging CMU Member (or the designated paying agent) will make the necessary payments of interest or principal or send notices directly to the relevant CMU Members.
Each of the Principal Paying Agent and the CMU Lodging Agent confirms that it is a CMU Member pursuant to a CMU Membership Agreement dated 11 January 1994 (the “Membership Agreement”) and is aware of and in compliance with the terms of the CMU Rules.
More Definitions of CMU Member
CMU Member means any member of the CMU Service; CMU Notes means Notes that are, or are intended to be, cleared through the CMU Service; CMU Operator means the Hong Kong Monetary Authority or its successor as operator of the CMU Service; CMU Rules means all requirements of the CMU Service for the time being applicable to a CMU Member and includes (a) all the obligations for the time being applicable to a CMU Member under or by virtue of its membership agreement with the CMU Service and the CMU Manual; (b) all the operating procedures as set out in the CMU Manual for the time being in force in so far as such procedures are applicable to a CMU Member; and (c) any directions for the time being in force and applicable to a CMU Member given by the Hong Kong Monetary Authority through any operational circulars or pursuant to any provision of its membership agreement with the Hong Kong Monetary Authority or the CMU Manual; commencement means, in relation to the winding up of the Issuer, the date on which such winding up commences, or is deemed to commence, determined in accordance with sections 86 or 129 of the Insolvency Act 1986; Conditions means, in respect of the Notes of any Series, the terms and conditions endorsed on, or incorporated by reference in, such Notes, such terms and conditions being in the form or substantially in the form set out in Schedule 1 or in such other form, having regard to the terms of the relevant Series, as may be agreed between the Issuer, the Trustee, the relevant Dealer(s) and (in the case of Notes other than CMU Notes) the Agent or (in the case of CMU Notes) the CMU Lodging and Paying Agent as completed (and/or, in the case of Exempt Notes only, modified and/or supplemented) by Part A of the Final Terms or the Pricing Supplement, as the case may be, applicable to the Notes of the relevant Series; Coupon means an interest coupon appertaining to a Definitive Note and for the time being outstanding (other than a Zero Coupon Note) or, as the context may require, a specific number thereof, such coupon being:
CMU Member means any member of the CMU Service. “CMU Notes” means any Notes lodged with the CMU Service.
CMU Member means a member of the CMU Service; and
CMU Member means any member of the CMU Service; CMU Notes means Notes that are, or are intended to be, cleared through the CMU Service; CMU Operator means the Hong Kong Monetary Authority or its successor as operator of the CMU Service; CMU Rules means all requirements of the CMU Service for the time being applicable to a CMU Member and includes: (a) all the obligations for the time being applicable to a CMU Member under Conditions means, in respect of the Notes of any Series, the terms and conditions endorsed on, or incorporated by reference in, such Notes, such terms and conditions being in the form or substantially in the form set out in Schedule 1 or in such other form, having regard to the terms of the relevant Series, as may be agreed between the Issuer, the Trustee, the relevant Dealer(s) and (in the case of Notes other than CMU Notes) the Agent or (in the case of CMU Notes) the CMU Lodging and Paying Agent as completed (and/or, in the case of Exempt Notes only, modified and/or supplemented) by Part A of the Final Terms or the Pricing Supplement, as the case may be, applicable to the Notes of the relevant Series; Coupon means an interest coupon appertaining to a Definitive Note and for the time being outstanding (other than a Zero Coupon Note) or, as the context may require, a specific number thereof, such coupon being:
CMU Member means any member of the CMU Service; CMU Rules means all requirements of the CMU Service for the time being applicable to a CMU Member and includes (a) all the obligations for the time being applicable to a CMU Member under or by virtue of its membership agreement with the CMU Service and the CMU Manual; (b) all the operating procedures as set out in the CMU Manual for the time being in force in so far as such procedures are applicable to a CMU Member; and (c) any directions for the time being in force and applicable to a CMU Member given by the HKMA through any operational circulars or pursuant to any provision of its membership agreement with the HKMA or the CMU Manual; Conditions means the terms and conditions applicable thereto which shall be substantially in the form set out in Schedule 2 as modified, with respect to any Bonds represented by a Global Certificate, by the provisions of such Global Certificate and shall be endorsed on the relevant Certificate and any reference to a particularly numbered Condition shall be construed accordingly; Extraordinary Resolution has the meaning set out in Schedule 3;