Performance and settlement Sample Clauses
The PERFORMANCE AND SETTLEMENT clause defines the obligations of the parties regarding the completion of contractual duties and the process for finalizing payments or exchanges. Typically, this clause outlines the standards and timelines for delivering goods, services, or other agreed-upon actions, as well as the procedures for confirming that these obligations have been met before settlement occurs. For example, it may specify when payment is due upon delivery or after inspection of goods. Its core practical function is to ensure that both parties clearly understand when and how their responsibilities are fulfilled and how and when settlement will take place, thereby reducing disputes and facilitating smooth contract execution.
Performance and settlement. You will promptly deliver any instructions, money, or documents deliverable by you under a Transaction in accordance with that Transaction as modified by any instructions given by us.
Performance and settlement. You will promptly deliver any Instructions, money, documents or property, which we may require from you or which is deliverable by you under a Transaction and/or Contract in accordance with that Transaction and/or Contract, as modified by any Instructions given by us, for the purpose of enabling us to perform our obligations under the relevant matching Transaction and/or Contract on a Market or with an intermediate broker. If you do not provide us with such Instructions promptly, we may, at our absolute discretion, take such steps at your cost, as we consider appropriate for our own protection or for your protection. This provision is similarly applicable in situations when we are unable to obtain contact with you.
Performance and settlement. You will promptly deliver any instructions, money, documents or property deliverable by you under a Transaction in accordance with that Transaction as modified by any instructions given by us for the purpose of enabling us to perform our obligations under the relevant matching Transaction on a Market or with an intermediate broker. This clause sets out below, the terms that are intended to ensure compliance with CSDR:
(a) Following us notifying you of the execution of a Transaction within the scope of CSDR, you agree to provide us a written allocation with all the information referred to in Article 2 of the Settlement Discipline RTS, each within the timeframes stipulated in that Article. You agree that where you send us written allocations under this clause, this also constitutes written confirmation of your acceptance of the terms of the Transaction.
(b) You may provide the written allocation and confirmation referred to in this clause by any communication procedure agreed between you and us.
(c) We shall confirm receipt of the written allocation and confirmation referred to in this clause within the timeframe required under Article 2 of the Settlement Discipline RTS.
(d) You shall not be required to provide the written allocation and confirmation referred to in this clause upon execution of a Transaction where you grant us access to, or otherwise make available to us, on an ongoing basis, the information referred to in Article 2 of the Settlement Discipline RTS.
(e) For the purposes of this clause:
Performance and settlement. You will promptly deliver any instructions, money, documents or property deliverable by you under a Transaction in accordance with that Transaction as modified by any instructions given by us for the purpose of enabling us to perform our obligations under the relevant matching transaction on an Exchange/Market or with an intermediate broker. All market transactions should be settled or delivered in accordance with the relevant market rules. You acknowledge that markets have cut-off times, and that we may not always be able to settle a Transaction on the due date for settlement.
Performance and settlement. When appropriate, you will promptly deliver any instructions, money, documents or property deliverable by you under a Transaction in accordance with that Transaction as modified by any instructions given by us for the purpose of enabling us to perform our obligations under the relevant matching Transaction on a Market or with an intermediate broker. We will not be obliged to execute any Transaction in the event that you fail to deliver any instructions, money, documents or property so required, and shall not be liable for any loss consequent on any such failure to deliver or late delivery by you.
Performance and settlement. You will promptly deliver any instructions, money, docu ments or property deliverable by you under a Transaction in accordance with that Transaction as modified by any instructions given by us for the purpose of enabling us to perform our obligations under the relevant matching Trans action on a Market or with an intermediate broker. All Market Transactions should be settled or delivered in accordance with the relevant Market Rules. You acknowledge that Markets have cutoff times, and that we may not always be able to settle a Transaction on the due date for settlement.
Performance and settlement. Performance Bond. As a further guarantee of the faithful performance of the provisions of this contract, ▇▇▇▇▇▇▇▇▇ delivers herewith and agrees to maintain a surety bond in the dollar amount stated in AT14, unless the amount is adjusted as provided in BT9, 11 or BT9. 1 3. In lieu of surety bond, Purchaser may deposit into a Fed eral Depository, as directed by Forest Service under BT4.21, and maintain therein, cash in the dollar amount stated in AT14 or negotiable securities of the United States having market value at time of deposit of not less than the dollar amount stated in AT14. Any adjustmeht or extension of time for completion of this contract beyond 1 year may be granted only with the consent of surety on bond or delivery of a new bond. Should the sureties on the bond delivered herewith, or any bond delivered hereafter in connection with this con tract, become unsatisfactory to Forest Service, Purchaser shall, within 30 days of receipt of demand, furnish a new bond with surety satisfactory to Forest Service. to
Performance and settlement. Where due in accordance with the terms of any Transaction, and the Client has not agreed with the Firm to roll the Transaction, the Client will make available to the Firm all requisite securities, commodities, money, documents or other property deliverable by the Client under a Transaction so as to enable the Firm to perform its obligations under the relevant Firm/CCP Transaction or CM/Firm Transaction in a timely manner and, in any event, by any deadline notified by the Firm.
Performance and settlement. You will promptly deliver any instructions, money, documents or property deliverable by you under a Transaction in accordance with that Transaction as modified by any instructions given by us. You agree that orders are entered at your own risk and that it is your responsibility to have in place the appropriate systems so as to be able to use the services we provide to you properly (including installing any virus detection programmes that we may request, maintaining the systems in good order, testing them and ensuring that no unauthorised individuals are able to access them). In this respect, you agree to inform us immediately of any unauthorised access or material defects or system malfunctions (and not to use the system pending their resolution). You also agree not to copy or tamper with any software or services we provide to you hereunder and you acknowledge that we any have the benefit of all relevant copyrights and patents and intellectual property protections.
Performance and settlement. You will promptly deliver any instructions, money, documents, information or property deliverable by you under a Transaction in accordance with that Transaction as modified by any instructions given by us for the purpose of enabling us to perform our obligations under the relevant matching transaction (including settlement) on an Exchange/Market or with an intermediate broker. All market transactions should be settled or delivered in accordance with the relevant market rules. You acknowledge that markets have cut-off times, and that we may not always be able to settle a Transaction on the due date for settlement. Following us notifying you of the execution of a CSDR Transaction, you agree to provide us a written allocation with all the information referred to in Article 2 of the Settlement Discipline RTS, each within the timeframes stipulated in that Article. You agree that where you send us written allocations under this Clause 8.8, this also constitutes written confirmation of your acceptance of the terms of the CSDR Transaction. You may provide the written allocation and written confirmation by any communication procedure agreed between you and us. We shall confirm receipt of any written allocation or written confirmation within the timeframe required under Article 2 of the Settlement Discipline RTS. You shall not be required to provide the written allocation and written confirmation under this Clause 8.8 in relation to the execution of a CSDR Transaction where you grant us access to, or otherwise make available to us, on an ongoing basis, the information referred to in Article 2 of the Settlement Discipline RTS.