Time for Settlement Clause Samples

The "Time for Settlement" clause defines the specific date or period by which the parties must complete the settlement of a transaction, such as the transfer of property or payment of funds. Typically, this clause outlines the exact day when all contractual obligations—like payment of the purchase price and delivery of documents—must be fulfilled, and may also address what happens if the settlement is delayed. Its core practical function is to provide certainty and structure to the transaction timeline, ensuring both parties are aware of and prepared for the critical deadline, thereby reducing the risk of disputes or misunderstandings regarding when settlement should occur.
Time for Settlement. Settlement with the Home buyer following a termination shall be make as promptly as possible after all charges provided in Section 9.4 have been determined and the IHA has given the Home buyer a statement of such charges. The Home buyer may obtain settlement before determination of the actual cost of any maintenance required to put the home in satisfactory condition for the next occupant, if the Home buyer is willing to accept the IHA=s estimate of the amount of such cost. In such case, the amounts to be charged for such maintenance shall be based on the IHA=s estimate of the cost thereof.
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Time for Settlement. Vested RSUs will be settled promptly on the first day of the month following the termination of Participant’s director relationship constituting a “separation from service” as defined in Code Section 409A with the Company for any reason, including Death, disability or Involuntary Termination.
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Time for Settlement. Unless otherwise provided in Paragraph 8 hereof, the closing under the terms of this Agreement for sale by Seller and purchase by Buyer of the Parcels shall be made not later than fifteen (15) calendar days after Seller has given written notice to Buyer that the Conditions Precedent, as said term is defined in Paragraph 2 (v), have been satisfied but in no event sooner than the 30th day of November 1995 or later than the 15th day of December 1995 (herein referred to as the "Time of Settlement"). The settlement shall be at a place designated by Seller. At the Time for Settlement, title to the Parcels shall be conveyed to Buyer by a public deed pursuant to the terms and conditions contained herein. The payment by Buyer of the Purchase Price and any other amounts of money owed to Seller by Buyer under this Agreement shall be made at the Time of Settlement, in exchange for the delivery by the Seller to Buyer of the deed referred to in Paragraph 7 hereof (hereinafter referred to as the "Deed of Sale"), in (i) cash or cashier's check drawn on a banking institution doing business in Puerto Rico in favor of Seller in the amount by which the Purchase Price and any such other amounts owed to Seller by Buyer under this Agreement exceeds the E▇▇▇▇▇▇ Money.
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Time for Settlement. Settlement must take place on the Settlement Date at the Purchaser's office or at such other place or time as the Parties may agree.
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Time for Settlement. Settlement shall be effected before 3pm New Zealand time on Settlement Date. Should you fail to settle prior to 3pm on Settlement Date, so long as the failure has not been caused by our default, you will pay us interest on the amount required to settle calculated at the interest rate for late settlement detailed in this Agreement from and including Settlement Date up to and including the date on which you settle.
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Time for Settlement. Execution under the terms of the Agreement of Sale for sale by Seller and purchase by Buyer of the First Phase Parcels shall be made no later than the 31st day of March 1995 (herein referred to as the "Time of Settlement of the First
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Related to Time for Settlement

  • The Settlement Following mediation with a neutral party, a Settlement has been reached. As part of the Settlement, a Qualified Settlement Fund of $39,500,000 will be established to resolve the Class Action. The Net Settlement Amount is $39,500,000 minus any Administrative Expenses (including taxes and tax expenses), Court-approved Attorneys’ Fees and Costs, and Class Representative Compensation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court.

  • Advances by Custodian for Settlement The Custodian may, in its sole discretion and from time to time, advance funds to the Trust to facilitate the settlement of a Fund's transactions in the Fund Custody Account. Any such advance shall be repayable immediately upon demand made by Custodian.

  • TERMS OF SETTLEMENT The Respondent agrees to the following terms 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.

  • Staggered Settlement If upon advice of counsel with respect to applicable legal and regulatory requirements, including any requirements relating to Dealer’s commercially reasonable hedging activities hereunder, Dealer reasonably determines that it would not be practicable or advisable to deliver, or to acquire Shares to deliver, any or all of the Shares to be delivered by Dealer on any Settlement Date for the Transaction, Dealer may, by notice to Counterparty on or prior to any Settlement Date (a “Nominal Settlement Date”), elect to deliver the Shares on two or more dates (each, a “Staggered Settlement Date”) as follows: (i) in such notice, Dealer will specify to Counterparty the related Staggered Settlement Dates (each of which will be on or prior to such Nominal Settlement Date) and the number of Shares that it will deliver on each Staggered Settlement Date; (ii) the aggregate number of Shares that Dealer will deliver to Counterparty hereunder on all such Staggered Settlement Dates will equal the number of Shares that Dealer would otherwise be required to deliver on such Nominal Settlement Date; and (iii) if the Net Share Settlement terms or the Combination Settlement terms set forth above were to apply on the Nominal Settlement Date, then the Net Share Settlement terms or the Combination Settlement terms, as the case may be, will apply on each Staggered Settlement Date, except that the Shares otherwise deliverable on such Nominal Settlement Date will be allocated among such Staggered Settlement Dates as specified by Dealer in the notice referred to in clause (i) above.