Settlement arrangements Clause Samples

The 'Settlement arrangements' clause defines the procedures and terms under which payments or obligations between parties are finalized following a transaction or agreement. It typically outlines the timing, method, and conditions for transferring funds or assets, such as specifying bank account details, deadlines for payment, or the process for confirming receipt. This clause ensures that both parties have a clear understanding of how and when settlements will occur, thereby reducing the risk of disputes and facilitating smooth completion of contractual obligations.
Settlement arrangements. Northbound Trading follows the settlement cycle of A shares listed on the relevant China Connect Market. For settlement of China Connect Securities trades, ChinaClear will debit or credit the securities accounts of its participants (including HKSCC as clearing participant) on the Trading Day on which the order is made (“T day”) free of payment. Galaxy International Securities may have settlement arrangements in place that are different from the ChinaClear settlement arrangements. Unless Galaxy International Securities agrees to prefund, settlement of funds relating to such trading will be effected on the Trading Day following T day (“T+1 day”).
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Settlement arrangements. 6.2.1 Providers must be set up on Harmony and Tradex systems a minimum of 3 months before the start of service delivery or before the Call Off Contract is awarded when procurement is occurring less than 3 months ahead of delivery.
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Settlement arrangements. Unless the Commitment Termination Date has occurred, Collections that would otherwise be payable to the Company may be applied as payment for all or part of any Further Instalment under any Further Notice that is payable by the Company on the day the Collections are payable to the Company.
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Related to Settlement arrangements

  • PAYMENT ARRANGEMENTS If the Distributor is required to indemnify the Trader under section 46A of the Consumer Guarantees Act 1993, the Distributor must promptly pay the Trader the amounts due under that Act.

  • Management Arrangements 9.1. The Management Arrangements set out the arrangements for the strategic management of the relationship between the Authority and the Contractor, including arrangements for monitoring of the Contractor’s compliance with the Statement of Requirements, the Service Levels, the Award Procedures and the terms of this Framework Agreement. 9.2. The Authority may by notice to the Contractor suspend the Contractor’s appointment to provide Services to Framework Public Bodies for a notified period of time: 9.2.1. if the Authority becomes entitled to terminate this Framework Agreement under clause 42 (Termination Rights) or 43 (Termination on Insolvency or Change of Control); or 9.2.2. in any other circumstance provided for in the Management Arrangements. 9.3. Suspension under clause 9.2 shall terminate upon cessation of all of any circumstances referred to in subclauses 9.2.1 and 9.2.2. 9.4. The Contractor must continue to perform existing Call-off Contracts during any period of suspension under clause 9.2.

  • Escrow Arrangements Payment for the Securities shall be received by Prime Trust, LLC (the “Escrow Agent”) from the undersigned by transfer of immediately available funds, credit or debit card, or other means approved by the Company at least two days prior to the applicable Closing Date, in the amount as set forth on the signature page hereto. Upon such Closing Date, the Escrow Agent shall release such funds to the Company. The undersigned shall receive notice and evidence of the digital entry of the number of the Securities owned by undersigned reflected on the books and records of the Company and verified by StartEngine Secure LLC, (the “Transfer Agent”), which books and records shall bear a notation that the Securities were sold in reliance upon Regulation A.