Physical Delivery definition
Examples of Physical Delivery in a sentence
If delivery instructions are not within a Delivery State, the Trustee shall reject such request for Physical Delivery.
Authorized Participants or Other Broker-Dealers wishing to redeem Gold Deposit Receipts and request Physical Delivery must place an order with the Underwriter (a “Redemption Order”) no later than the Order Cutoff Time (or such other time as may hereafter be established by the Initial Depositor and promptly notified to the Trustee) on any Business Day.
Pursuant to instruction from the Underwriter, upon receipt of such amounts and confirmation from the Underwriter that the request for Physical Delivery has been processed, the Trustee shall cancel the Gold Deposit Receipt and the Initial Depositor shall deliver the requisite Gold Bullion to the relevant Authorized Participant or Other Broker-Dealer.
In the case of Physical Delivery Securities, the settlement procedure and any amendments required to this Agreement will be agreed between the Issuer and the Fiscal Agent or the Italian Paying Agent, as the case may be, prior to the launch of the relevant Securities.
This Physical Delivery Confirmation Notice will be null and void unless the beneficial owner certifies on the date of exercise that such owner is not a “U.S. person” as such term may be defined in Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”), and no securities or other property have been or will be delivered within the United States or to, or for the account or benefit of, a U.S. person in connection with this Physical Delivery Confirmation Notice.