TRANSFERS AND SETTLEMENTS Sample Clauses

The "Transfers and Settlements" clause defines the procedures and requirements for moving funds or assets between parties and finalizing payments or obligations under an agreement. It typically outlines the methods of transfer, timing, and any conditions that must be met for a settlement to be considered complete, such as the use of specific payment systems or the need for confirmation of receipt. This clause ensures that both parties understand how and when financial or asset exchanges will occur, reducing the risk of disputes and providing a clear framework for fulfilling contractual obligations.
TRANSFERS AND SETTLEMENTS. 26 SECTION 2.1. Facility........................................................................26 SECTION 2.2. Transfers.......................................................................26 SECTION 2.3. Selection of Interest Rates and Collection Periods..............................29 SECTION 2.4. [Reserved]......................................................................29 SECTION 2.5. Allocation of Collections.......................................................29 SECTION 2.6. Reserve Account.................................................................30 SECTION 2.7. Fees............................................................................31 SECTION 2.8. Protection of Transferred Interest of the Owners................................31 SECTION 2.9. Deemed Collections; Application of Payments.....................................33 SECTION 2.10. Payments and Computations, Etc..................................................35 SECTION 2.11. Reports.........................................................................35 SECTION 2.12. Collection Account..............................................................36 SECTION 2.13. Sharing of Payments, Etc........................................................37 SECTION 2.14. Defaulted Receivables...........................................................37
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TRANSFERS AND SETTLEMENTS. 26 SECTION 2.1. Facility................................................... 26 SECTION 2.2. Transfers; Company Certificate; Eligible Receivables....... 26 SECTION 2.3.
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TRANSFERS AND SETTLEMENTS. 18 SECTION 2.1 Assignment and Conveyance; Facility.........................18 SECTION 2.2 Transfers...................................................18 SECTION 2.3
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TRANSFERS AND SETTLEMENTS 
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Related to TRANSFERS AND SETTLEMENTS

  • Transfers and Payments 1. Each Party shall permit transfers and payments for current transactions relating to its specific commitments to be made freely and without delay into and out of its territory. 2. Each Party shall permit such transfers and payments relating to the supply of services to be made in a freely usable currency at the market rate of exchange prevailing on the date of transfer. 3. Notwithstanding paragraphs 1 and 2, a Party may prevent or delay a transfer or payment through the equitable, non- discriminatory and good faith application of its laws relating to: (a) bankruptcy, insolvency or the protection of the rights of creditors; (b) issuing, trading or dealing in securities, futures, options, or derivatives; (c) financial reporting or record keeping of transfers when necessary to assist law enforcement or financial regulatory authorities; (d) criminal or penal offences; or

  • Transfers of Fractions of Warrants The Warrant Agent shall not be required to effect any registration of transfer or exchange of Warrants which would require the issuance of a Warrant certificate or book-entry position for a fraction of a Warrant, except as part of the Units.

  • Certain Transfers and Exchanges Notwithstanding any other provision of this Indenture, transfers and exchanges of Securities and beneficial interests in a Global Security shall be made only in accordance with this Section 3.6(b).

  • Denominations; Transfers and Exchanges All Notes will be in registered form, without coupons, in principal amounts equal to any Authorized Denominations. Subject to the terms of the Indenture, the Holder of this Note may transfer or exchange this Note by presenting it to the Registrar and delivering any required documentation or other materials.

  • Transfers of ADRs The Depositary or its agent will keep, at a designated transfer office (the "Transfer Office"), (a) a register (the "ADR Register") for the registration, registration of transfer, combination and split-up of ADRs, and, in the case of Direct Registration ADRs, shall include the Direct Registration System, which at all reasonable times will be open for inspection by Holders and the Company for the purpose of communicating with Holders in the interest of the business of the Company or a matter relating to the Deposit Agreement and (b) facilities for the delivery and receipt of ADRs. The term ADR Register includes the Direct Registration System. Title to this ADR (and to the Deposited Securities represented by the ADSs evidenced hereby), when properly endorsed (in the case of ADRs in certificated form) or upon delivery to the Depositary of proper instruments of transfer, is transferable by delivery with the same effect as in the case of negotiable instruments under the laws of the State of New York; provided that the Depositary, notwithstanding any notice to the contrary, may treat the person in whose name this ADR is registered on the ADR Register as the absolute owner hereof for all purposes and neither the Depositary nor the Company will have any obligation or be subject to any liability under the Deposit Agreement to any holder of an ADR, unless such holder is the Holder thereof. Subject to paragraphs (4) and (5), this ADR is transferable on the ADR Register and may be split into other ADRs or combined with other ADRs into one ADR, evidencing the aggregate number of ADSs surrendered for split-up or combination, by the Holder hereof or by duly authorized attorney upon surrender of this ADR at the Transfer Office properly endorsed (in the case of ADRs in certificated form) or upon delivery to the Depositary of proper instruments of transfer and duly stamped as may be required by applicable law; provided that the Depositary may close the ADR Register at any time or from time to time when deemed expedient by it or requested by the Company. At the request of a Holder, the Depositary shall, for the purpose of substituting a certificated ADR with a Direct Registration ADR, or vice versa, execute and deliver a certificated ADR or a Direct Registration ADR, as the case may be, for any authorized number of ADSs requested, evidencing the same aggregate number of ADSs as those evidenced by the certificated ADR or Direct Registration ADR, as the case may be, substituted.