Resolution plan means a plan proposed by any person for insolvency resolution of the corporate debtor as a going concern in accordance with Part II
#GRIDLOCK GOVERNMENT DEFINITION FULL#
Supplemental Resolution means any resolution or resolutions of the Trust amending, modifying or supplementing this Bond Resolution, authorizing the issuance of a Series of Refunding Bonds, or any other Supplemental Resolution adopted by the Trust pursuant to the provisions of this Bond Resolution.Ĭertified Resolution means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification.Īmalgamation Resolution means the special resolution of the Shareholders concerning the Amalgamation to be considered at the Meeting, substantially in the form set out in Appendix A to the Circular Resolution means a resolution of the Shareholders or, where required, of a separate class or separate classes of Shareholders, adopted either in general meeting or by written resolution, in accordance with the provisions of these Bye-Laws Series Resolution means a resolution of the Authority authorizing the issuance of a Series of Bonds adopted by the Authority pursuant to the Resolution Special Resolution means a resolution passed by a majority of not less than two-thirds (2/3) of the votes cast on that resolution. Unanimous resolution means a resolution which is unanimously passed at a duly convened general meeting of a body corporate at which all persons entitled to exercise the powers of voting conferred by or under this Act are present personally or by proxy or vote in writing at the time of the motion.Īrrangement Resolution means the special resolution approving the Plan of Arrangement to be considered at the Company Meeting, substantially in the form of Schedule B. Master Resolution means the Amended and Restated Master Resolution Establishing The University of Texas System Revenue Financing System adopted by the Board on February 14, 1991, as amended on October 8, 1993, and August 14, 1997. Gridlock resolution is another concern of an RTGS system that affects the throughput and liquidity saving of RTGS system.Ĭommercial banks should be able to settle instructions from a holistic view, instead of solely prioritizing instructions in a single queue.Ī decision not to take part voluntarily in the scheme risks reputational damage to the council locally and nationally and could result in the government choosing to use the legal powers available to force participation in the scheme. Gridlock resolution is based on the solver having the information of all involved partic- ipants and pending instructions. Gridlock resolution Periodically, at specified intervals, a Gridlock resolution intervention is triggered to settle queued settlement instructions concurrently, by inter alia offsetting them against each other, thereby minimising the liquidity requirement amongst them. Gridlock resolution mechanism, can be activated (manually or automatically) by setting a number of parameters like value, volume etc of payments in queue. Gridlock resolution can be scheduled for automatic activation at set times or intervals as specified by the Bank and can also be manually invoked by the Bank. Gridlock resolution is most likely to occur in the period between Initial and Final Cut-Off. Gridlock resolution mechanism may offset or reprioritize the queued transaction sent by participant before settlement. 7.Soramäki, K – Bech, M L (2001) Gridlock resolution in interbank payment systems. Examples of Gridlock resolution in a sentenceīank of England Financial Stability Paper, No.
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