Common use of Physical Delivery Clause in Contracts

Physical Delivery. In respect of any physically-settled Transactions, it will, at the time of delivery, be the legal and beneficial owner, free of liens and encumbrances, of any securities or commodities, which it delivers to the other party.”

Appears in 2 contracts

Sources: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

Physical Delivery. In respect of any physically-physically settled Transactions, it willis, at the time of delivery, be the legal and beneficial owner, free of liens and other encumbrances, of any securities or commodities, which it delivers commodities delivered to the other party.”Party; and

Appears in 1 contract

Sources: Master Agreement

Physical Delivery. In respect of any physically-physically settled Transactions, it will, at the time of delivery, be the legal and beneficial owner, free of liens and other encumbrances, of any securities or commodities, which commodities it delivers to the other partyParty.”"

Appears in 1 contract

Sources: Forward Stock Contract (Starwood Hotel & Resorts Worldwide Inc)