Procedure of Settlement Clause Samples

The Procedure of Settlement clause outlines the steps parties must follow to resolve disputes or claims arising under the agreement. Typically, it specifies a sequence such as negotiation, mediation, or arbitration, and may set timeframes for each stage or designate specific forums for resolution. This clause ensures that disagreements are addressed in an orderly and predictable manner, helping to prevent escalation and providing a clear roadmap for conflict resolution.
Procedure of Settlement. 4.1. The Investment under the Agreement is determined in the monetary form, the main currency is USA dollars (hereafter – USD). If so agreed, the Parties may accommodate transferring the investment in other currency. 4.2. The Investment is delivered by the Investor in accordance with the conditions of the Agreement by means of transferring the desired sum to the account of the Investment Recipient. The Investment sum is stated in the Schedules to the present Agreement. 4.3. The Investment sum is shown in the Personal account of the Investor during seven business days from the moment when the funds are credited to the account of the Investment Recipient. 4.4. After the Investment sum is actually delivered by the Investor and shown in the Personal account, the Investor gets the right to choose and get the desired Package of Shares in accordance with the established for the Investor Price list within the range of the available funds sum. 4.5. The Investment Recipient reserves the right to unilaterally introduce amendments to the Rules of making investment to provide effective implementation of the investment Project. Such amendments come into force from the moment of placing the amended text in the personal account of the investor unless another effective date is additionally specified there. 4.6. The way of transferring the Investment under the Agreement is crediting the monetary funds by the Investor in USA dollars or other currency agreed by the Parties to the account of the Investment Recipient stated in the Personal account of the Investor. The payment obligations of the Investor under the Agreement are considered to be fulfilled from the day when the monetary funds are credited to the account of the Investment Recipient and choosing the desired share package for investment as stipulated in clause 4.4 of the present Agreement. 4.7. The Investor has the right to increase the sum of investment in accordance with the current Price list on a common basis.
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Procedure of Settlement. 5.1. Payment for the services of the Exchange is made in accordance with the approved Tariffs. 5.2. The Exchange shall notify the Client of Tariff changes in accordance with clause 4.1.1 of this Agreement. If at the time of entry into force of changes in Tariffs, the provision of any service has not been completed, payment is made in accordance with the Tariffs in force at the time of provision of this service. 5.3. Tariffs do not include value added tax, which is paid by the Client in excess of the cost of services calculated in accordance with the Tariffs. The amount of value added tax is specified separately in invoices and invoices and is included in the total amount of the invoice or invoice-proforma ("total payable" line). 5.4. Invoices are transferred to the client on paper at the place of customer service (In the Central office of the JSC "UzEx" or in its branches). Brokers can collect invoices of their clients, if it is established by the order agreement (Commission). 5.5. The obligation to pay for exchange services is fulfilled at the expense of the deposits transferred by the Client to its personal account. The exchange charges the amount of exchange services immediately after the transaction in the electronic exchange trading system. 5.6. After the Exchange charges the amount for the services rendered, the amount of the Client's transferred funds is reduced by the amount of the cost of the services rendered.
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Procedure of Settlement. 4.1. The Client shall pay to the Company the cost of provided services according to the tariffs, specified in Annex 1 hereto. In case of import, the Client shall make the payment according to the established tariffs of FedEx Network. In the absence of Appendix 1, the cost is determined by the Company's standard tariffs in effect at the time of shipment. The Client undertakes to pay for the Company’s services within 5 (five) banking days from the moment of receiving the Invoice and Act of Provided Services or within the same time limits to submit to the Company’s address the justified and duly documented Objections to the acceptance of this Invoice and this Act of Provided Services, made in writing. The Company issues the Расходы по возврату несет отправитель.
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Procedure of Settlement. 4.1. The Investment under the Agreement is determined in the monetary form, the main currency is USA dollars (hereafter – USD). If so agreed, the Parties may accommodate transferring the investment in other currency. 4.2. The Investment is delivered by the Investor in accordance with the conditions of the Agreement by means of transferring the desired sum to the account of the Investment Recipient. The Investment sum is stated in the Schedules to the present Agreement. 4.3. The Investment sum is shown in the Personal account of the Investor during seven business days from the moment when the funds are credited to the account of the Investment Recipient. 4.4. The Investment Recipient reserves the right to unilaterally introduce amendments to the Rules of making investment to provide effective implementation of the investment Project. Such amendments come into force from the moment of placing the amended text in the personal account of the investor unless another effective date is additionally specified there. 4.5. The way of transferring the Investment under the Agreement is crediting the monetary funds by the Investor in USA dollars or other currency agreed by the Parties to the account of the Investment Recipient stated in the Personal account of the Investor. The payment obligations of the Investor under the Agreement are considered to be fulfilled from the day when the monetary funds are credited to the account of the Investment Recipient. 4.6. The Investor has the right to increase the sum of investment in accordance with the current Price list on a common basis.
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Procedure of Settlement. 4.1. The Client shall pay to the Company the cost of provided services according to the tariffs, specified in Annex 1 hereto. In case of import, the Client shall make the payment according to the established tariffs of FedEx Network. In the absence of Appendix 1, the cost is determined by the Company's standard tariffs in effect at the time of shipment. The Client undertakes to pay for the Company’s services within 5 (five) banking days from the moment of receiving the Invoice and Act of Provided Services or within the same time limits to submit to the Company’s address the justified and duly documented Objections to the acceptance of this Invoice and this Act of Provided Services, made in writing. The Company issues the documents once a month or a week, depending on the Client's requirements. 4.2. The company sends to the Client and its branches by Fax, e-mail, registered mail, an electronic document signed by the EDS through the EUT system "iDocs" an act of completed works for the period of use. The client and its branches are obliged to sign and send Расходы по возврату несет отправитель.
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Related to Procedure of Settlement

  • Time of Settlement RSUs shall be settled promptly upon expiration of the Restricted Period without forfeiture of the RSUs (i.e., upon vesting), but in any event within 60 days after expiration of the Restricted Period, by delivery of one share of Common Stock for each RSU being settled, or, at the discretion of the Company, the cash equivalent thereof; provided, however, that settlement of an RSU shall be subject to Plan Section 11(k), including if applicable the six-month delay rule in Plan Sections 11(k)(i)(C)(2) and 11(k)(i)(G); provided further, that no dividend or dividend equivalents will be paid, accrued or accumulated in respect of the period during which settlement was delayed. (Note: This rule may apply to any portion of the RSUs that vest after the time you become Retirement eligible under the Plan, and could apply in other cases as well). Settlement of RSUs which directly or indirectly result from adjustments to RSUs shall occur at the time of settlement of, and subject to the restrictions and conditions that apply to, the granted RSUs. Settlement of cash amounts which directly or indirectly result from adjustments to RSUs shall be included as part of your regular payroll payment as soon as administratively practicable after the settlement date for the underlying RSUs, and subject to the restrictions and conditions that apply to, the granted RSUs. Until shares are delivered to you in settlement of RSUs, you shall have none of the rights of a stockholder of the Company with respect to the shares issuable in settlement of the RSUs, including the right to vote the shares and receive actual dividends and other distributions on the underlying shares of Common Stock. Shares of stock issuable in settlement of RSUs shall be delivered to you upon settlement in certificated form or in such other manner as the Company may reasonably determine. At that time, you will have all of the rights of a stockholder of the Company.

  • PROCEDURE FOR APPROVAL OF SETTLEMENT Acceptance of this Settlement Agreement shall be sought at a hearing of the Central Regional Council of the MFDA on a date agreed to by counsel for Staff and the Respondent.

  • TERMS OF SETTLEMENT The Respondent agrees to the following terms of settlement:

  • Settlement Procedure 4.1. The Client has the right to withdraw his/her own funds which are not encumbered with deposit obligations or Commission payments in case of Copy Trading. 4.2. Money transfers are made within 1-3 banking days. 4.3. Money transfer can be deferred by the Company for the period of 14 working days in exceptional cases requiring verification of compliance of trading and non-trading operations conducted by the Client with the terms and conditions of this Agreement. If such situation occurs, Company shall immediately notify Client by e-mail specified in the Client Profile. The Client has the right to request the status of the verification process only by contacting Trading operations department by e-mail at: ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. 4.4. The Client’s payment instruction received, the amount to withdraw is deducted from the 4.5. In case of return of funds, the Client pays transfer fees. 4.6. The Client gives all instructions related to deposits and withdrawals of funds from the account through the Client's Profile in the order determined by the algorithm of Client's Profile operation. 4.7. The Company corrects balances in the accounts with a fixed negative value in the “Balance” column in the trading terminal on the 1st of each month. Correction (setting to zero) of trading accounts shall be applied solely to those accounts in which no trades are conducted at the moment of correction, i.e. no active open trading positions are present (pending orders will not be considered). Bonus funds are deducted from the “Credit” column with the comment “bonus_out (negative balance)”. At the same time, funds in the amount equal to the negative balance value are put into the account with the comment “Zero Balance Correction”. 4.8. The Client can withdraw funds from his/her account using any payment system which is accessible in the Client’s Profile. 4.8.1. If funds withdrawal is made via electronic payment systems, the withdrawal is possible only to the same system and with the same payment details within the system that were used to top up the trading account, and in same currency in which the deposit was made. If the account was topped up by different ways, in various currencies and using different payment details, withdrawals should be made proportionally. 4.8.2. If the Client’s payment details within the payment system are changed for some reason, the Client shall notify the Company by sending an email to the financial department with a photo where the Client is holding an ID close to his/her face attached. Otherwise, the Company reserves the right to deny funds withdrawal by use of new payment details. 4.9. Deposit of Client’s funds can be made by any methods available on the Company’s site. 4.9.1. The Client acknowledges that in case of software failure there can be delays in depositing funds in his/her trading account. 4.9.2. The Company undertakes to deposit funds in the Client’s trading account in case of any software failure resulting in delay in automated deposit provided that the Company was informed about the delay by the Client. 4.10. The Company doesn’t charge any deposit or withdrawal fees from Clients’ trading accounts. 4.11. The Client understands and accepts the fact that his/her money withdrawal request may be declined, and money will be retransferred to the Client’s account if the Client did not provide necessary identification information (copy of ID document, bank card or any other documents required by the Company based on the AML policy) upon the Company’s request via the Client’s Profile within 7 (seven) business days following the request. 4.12. The Client agrees that the Company may accept and make payments through payment agents. In particular, Skrill and Neteller payments are processed through LiteFinance Consulting Limited registered at ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇ 11 1 AA, Gibraltar, and acting as a payment agent of LiteFinance Global LLC.

  • Date of Settlement All offers of Certificated Securities solicited by a Selling Agent or made by a Purchasing Agent and accepted by the Company will be settled on a date (the “Settlement Date”) which is the third business day after the date of acceptance of such offer, unless the Company and the purchaser(s) agree to settlement (a) on another business day after the acceptance of such offer or (b) with respect to an offer accepted by the Company prior to 10:00 a.m., New York City time, on the date of such acceptance.