Requirement to Publicly Disclose the Fixed or Default Settlement Method Clause Samples
The 'Requirement to Publicly Disclose the Fixed or Default Settlement Method' clause mandates that parties must make clear, through public disclosure, which settlement method will be used by default in a given transaction or contract. This typically involves specifying whether cash, physical delivery, or another method will be used to settle obligations, and making this information accessible to all relevant stakeholders, such as through a website or regulatory filing. By requiring this disclosure, the clause ensures transparency and reduces the risk of disputes or confusion regarding how settlements will be handled, thereby promoting certainty and fairness in contractual relationships.
Requirement to Publicly Disclose the Fixed or Default Settlement Method. If the Company changes the Default Settlement Method pursuant to clause (x) of the proviso to the definition of such term or irrevocably fixes the Settlement Method(s) pursuant Section 5.03(A)(ii), then the Company will either post the Default Settlement Method or fixed Settlement Method(s), as applicable, on its website or disclose the same in a Current Report on Form 8-K (or any successor form) that is filed with, or furnished to, the SEC.