Securities Buy Orders Clause Samples

The 'Securities Buy Orders' clause defines the procedures and requirements for placing orders to purchase securities under an agreement. It typically outlines how buy orders must be submitted, any conditions or limitations on such orders, and the responsibilities of the parties involved in executing the transactions. For example, it may specify acceptable methods for submitting orders, timeframes for execution, or compliance with regulatory requirements. The core function of this clause is to ensure that the process for buying securities is clearly established, reducing the risk of misunderstandings and facilitating smooth, compliant transactions.
Securities Buy Orders. Customer must have adequate funds in their Customer MSB Account in order to place a securities buy order with FTX through the Customer Account. For clarity, Customer will be prohibited from placing securities buy orders through their Account in an amount that exceeds their Customer MSB Account balance. In addition, Customer further acknowledges that when they sell a security that the proceeds of such sale will not be immediately available in their Customer MSB Account. When placing a securities buy order, Customer explicitly agrees, acknowledges and instructs MSB to transfer necessary funds for the purchase price of such security from Customer MSB Account to Customer Account held at the Clearing Broker. Customer understands that transfers from Customer MSB Account to the Clearing Broker will be batched with transfers initiated by other Customers on the same trading day. Batched transfers will be sent to the Clearing Broker via a single wire transfer at the end of the relevant trading day rather than immediately upon such instruction by Customer to MSB.
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Securities Buy Orders. Customer must have adequate funds in the Customer MSB Account in order to place securities buy orders with Broker through the Customer Account. For clarity, Customer will be prohibited from placing securities buy orders through the Account in an amount that exceeds their Customer MSB Account balance. In addition, Customer further acknowledges that when they sell a security, the proceeds of such sale may not be immediately available in their Customer MSB Account. When Customer sells a security, the proceeds from such sale will not be deposited into the Customer MSB Account until the end of the third trading day following the day on which such sale is made. However, sale proceeds that have settled and are held with the Clearing Broker will show in the Customer’s “cash balance” and be available for use in a buy order. When placing a securities buy order, ▇▇▇▇▇▇▇▇ explicitly agrees, acknowledges, and instructs the MSB to transfer necessary funds for the purchase price of such security from Customer MSB Account to Customer Account held at the Clearing Broker. Customer understands that transfers from Customer MSB Account to the Clearing Broker will be batched with transfers initiated by other Customers on the same trading day. Batched transfers will be sent to the Clearing Broker via a single wire transfer at the end of the relevant trading day rather than immediately upon such instruction by Customer to MSB.
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Related to Securities Buy Orders

  • Stop Orders The Company will advise the Subscribers, promptly after it receives notice of issuance by the Commission, any state securities commission or any other regulatory authority of any stop order or of any order preventing or suspending any offering of any securities of the Company, or of the suspension of the qualification of the Common Stock of the Company for offering or sale in any jurisdiction, or the initiation of any proceeding for any such purpose.

  • Securities Sold In accordance with Instructions, the Custodian shall, with respect to a sale, deliver or cause to be delivered the Securities thus designated as sold to the broker or other person specified in the Instructions relating to such sale. Unless the Custodian has received Special Instructions to the contrary, such delivery shall be made only upon receipt of payment therefor in the form of: (a) cash, certified check, bank cashier's check, bank credit, or bank wire transfer; (b) credit to the account of the Custodian with a clearing corporation of a national securities exchange of which the Custodian is a member; or (c) credit to the Account of the Custodian with a Securities System, in accordance with the provisions of Section 4(b)(3) hereof. Notwithstanding the foregoing, the Custodian may deliver Securities and other Assets prior to receipt of payment for such Securities in accordance with Instructions, applicable laws, generally accepted trade practices, or the terms of the instrument representing such Security or other Asset. For example, Securities held in physical form may be delivered and paid for in accordance with "street delivery custom" to a broker or its clearing agent, against delivery to the Custodian of a receipt for such Securities, provided that the Custodian shall have taken reasonable steps to ensure prompt collection of the payment for, or return of, such Securities by the broker or its clearing agent, and provided further that the Custodian shall not be responsible for the selection of or the failure or inability to perform of such broker or its clearing agent or for any related loss arising from delivery or custody of such Securities prior to receiving payment therefor.

  • SECURITIES FORMS SECTION 201.

  • No Blue Sky Stop Orders No order suspending the sale of the Units in any jurisdiction designated by the Representative pursuant to Section 3.3 hereof, if any, shall have been issued on either the Closing Date or the Option Closing Date, and no proceedings for that purpose shall have been instituted or shall be contemplated.

  • Securities Transactions The Subadviser and any affiliated person of the Subadviser will not purchase securities or other instruments from or sell securities or other instruments to the Fund; provided, however, the Subadviser or any affiliated person of the Subadviser may purchase securities or other instruments from or sell securities or other instruments to the Fund if such transaction is permissible under applicable laws and regulations, including, without limitation, the 1940 Act and the Advisers Act and the rules and regulations promulgated thereunder. The Subadviser, on its own behalf and with respect to its Access Persons (as defined in subsection (e) of Rule 17j-1 under the 1940 Act), agrees to observe and comply with Rule 17j-1 and its Code of Ethics (which shall comply in all material respects with Rule 17j-1), as the same may be amended from time to time. On at least an annual basis, the Subadviser will comply with the reporting requirements of Rule 17j-1, which may include either (i) certifying to the Adviser that the Subadviser and its Access Persons have complied with the Subadviser’s Code of Ethics with respect to the Subadviser Assets or (ii) identifying any violations which have occurred with respect to the Subadviser Assets. The Subadviser will have also submitted its Code of Ethics for its initial approval by the Board of Trustees no later than the date of execution of this agreement and subsequently within six months of any material change thereto.