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if : payment orders submitted by participants are deemed accepted by the ecb
payment orders submitted by participants are deemed accepted by the ecb if :

prevention of invasive infections due to vancomycin resistant enterococci (vre) in colonised patients deemed
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where the participant is , or is deemed by its cb to be , insolvent or unable to pay its debts ;
where the participant is , or is deemed by its cb to be , insolvent or unable to pay its debts ;

amendments shall be deemed to have been accepted unless the participant expressly objects within 14 days of being informed of such amendments .
amendments shall be deemed to have been accepted unless the participant expressly objects within 14 days of being informed of such amendments .

if such letter has not been received by the ecb within four weeks , the participants concerned shall be deemed to have rejected the compensation offer .
if such letter has not been received by the ecb within four weeks , the participants concerned shall be deemed to have rejected the compensation offer .

participants shall be deemed to have instructed the ecb to dedicate liquidity on their behalf if the relevant ancillary system so requests ."
participants shall be deemed to have instructed the ecb to dedicate liquidity on their behalf if the relevant ancillary system so requests .'

( f ) where the participant is , or is deemed by its cb to be , insolvent or unable to pay its debts ;
( f ) where the participant is , or is deemed by its cb to be , insolvent or unable to pay its debts ;

all payment instructions submitted by an ancillary system through the ancillary system interface to debit or credit the participants » pm accounts shall be deemed to be highly urgent payment orders .
all payment instructions submitted by an ancillary system through the ancillary system interface to debit or credit the participants » pm accounts shall be deemed to be highly urgent payment orders .

if the ecb is not the ancillary system 's cb , the ecb shall be deemed instructed to issue the abovementioned guarantee to the ancillary system 's cb .
if the ecb is not the ancillary system 's cb , the ecb shall be deemed instructed to issue the abovementioned guarantee to the ancillary system 's cb .

if the ecb is not the ancillary system 's cb , the ecb shall be deemed instructed to issue the abovementioned guarantee to the ancillary system 's cb ."
if the ecb is not the ancillary system 's cb , the ecb shall be deemed instructed to issue the abovementioned guarantee to the ancillary system 's cb .'

( c ) the ecb may require that the participants participate in regular or ad hoc testing of business continuity and contingency processing measures , training or any other preventive arrangements , as deemed necessary by the ecb .
( c ) the ecb may require that the participants participate in regular or ad hoc testing of business continuity and contingency processing measures , training or any other preventive arrangements , as deemed necessary by the ecb .

for the purposes of the first sentence of article 3(1) of the settlement finality directive and the third sentence of § 116, § 96(2), § 82 and § 340(3) of the german insolvency code (insolvenzordnung) and the last sentence of § 46(2) of the kwg, payment orders are deemed entered into target2-ecb at the moment that the relevant participant’s pm account is debited.”.
for the purposes of the first sentence of article 3(1) of the settlement finality directive and the third sentence of § 116, § 96(2), § 82 and § 340(3) of the german insolvency code (insolvenzordnung) and the last sentence of § 46(2) of the kwg, payment orders are deemed entered into target2-ecb at the moment that the relevant participant’s pm account is debited.’;