Clearing System Sample Clauses
The Clearing System clause defines the mechanism or platform through which financial transactions, such as payments or securities transfers, are processed and settled between parties. Typically, this clause specifies which clearing system (for example, SWIFT, Euroclear, or a national clearing house) will be used for the relevant transactions, and may outline the responsibilities of each party in ensuring proper settlement through that system. Its core practical function is to ensure that all parties agree on a standardized, reliable process for handling and finalizing transactions, thereby reducing the risk of errors, delays, or disputes in settlement.
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Clearing System. The parties hereby agree that the Swiss Franc Notes will be cleared and settled through SIX SIS in accordance with standard Swiss market practice. Any references to Clearstream, Luxembourg and/or Euroclear in the Fiscal Agency Agreement shall to the extent relevant be deemed also to be a reference to SIX SIS.
Clearing System. The Company will provide reasonable assistance to the Note Purchasers in arranging for interests in the Notes to be eligible for clearance and settlement through Euroclear and Clearstream.
Clearing System confirmation that the Covered Bonds have been accepted by DTC, CDS, Euroclear, Clearstream, Luxembourg or any alternative clearing system (as appropriate) for clearing and settlement in its or their systems, as appropriate.
Clearing System. (a) The Chargor must, if so requested by the Chargee and after the occurrence of an Enforcement Event, take whatever action the Chargee may reasonably request for the dematerialisation or rematerialisation of any Collateral Shares held in a Clearing System.
(b) Without prejudice to the rest of this Clause, the Chargee may, at the expense of the Chargor and after the occurrence of an Enforcement Event, take whatever reasonable action is required for the dematerialisation or rematerialisation of the Collateral Shares as necessary.
Clearing System confirmation that the Covered Bonds have been accepted by CDS or any alternative clearing system (as appropriate) for clearing and settlement in its or their systems, as appropriate.
Clearing System. For such time as the Notes are quoted on ASX, the rights of a person holding an interest in the Notes are subject to the rules and regulations of the Clearing System.
Clearing System. For such time as the Notes are quoted on ASX, the rights of a person holding an interest in the Notes are subject to the rules and regulations of the Clearing House Electronic Sub-register System operated by ASX Settlement Pty Ltd or any other applicable securities trading and/or clearance system.
Clearing System. The parties hereto agree that a committee to clear grievable matters shall be created upon the execution of the CBA to function under the following conditions and procedures:
Clearing System. The Issuer undertakes in favour of each Relevant Account Holder that, in relation to any payment to be made by it under this Deed, it will comply with the provisions of Condition 6 to the extent that they apply to any payments in respect of Underlying Notes as if those provisions had been set out in full in this Deed.
Clearing System. Each Global Note will be kept in custody by or on behalf of the Clearing System until all obligations of the Issuer under the Notes have been satisfied. "Clearing System" means each of the following: Clearstream Banking société anonyme, Luxembourg ("Clearstream Luxembourg") and Euroclear Bank S.A./N.V. ("Euroclear") (together, the "ICSDs" and each an "ICSD") or any successor in this capacity. Notes issued in "new global note" ("NGN") form will be kept in custody by a common safekeeper on behalf of the ICSDs and Notes issued in "classical global note" ("CGN") form will be kept in custody by a common depository.