Early Settlement definition

Early Settlement has the meaning specified in Section 5.9(a).

Early Settlement means, in respect of any Purchase Contract, that the Holder of such Purchase Contract has elected to settle such Purchase Contract early pursuant to Section 4.06 or Section 4.07, as the case may be.

Early Settlement means where (i) the Obligor of a Purchased Receivable requests from the Servicer that the Servicer allows the Obligor on payment to the Servicer of the requested early settlement amount calculated in accordance with the Customary Operating Practices to terminate the Financing Contract and (ii) the requested early settlement amount is paid in accordance with the Customary Operating Practices with the result that no further liability exists from the Obligor under the Financing Contract that is the subject of the early settlement request.

Examples of Early Settlement in a sentence

• The Early Settlement Rate shall be adjusted in the same manner and at the same time as the Settlement Rate is adjusted.

• Pledged Treasury Securities deliverable upon such Early Settlement will be transferred in accordance with the transfer instructions set forth below.

• No fractional shares or scrip representing fractional shares of Common Stock shall be issued or delivered upon settlement on the Purchase Contract Settlement Date or upon Early Settlement of any Purchase Contracts.

• On or before the fifth Business Day after the consummation of a Cash Merger, the Company or, at the request and expense of the Company, the Agent, shall give all Holders notice of the occurrence of the Cash Merger and of the right of Merger Early Settlement arising as a result thereof.

• If the foregoing requirements are first satisfied with respect to Purchase Contracts underlying any Securities at or prior to 5:00 p.m., New York City time, on a Business Day, such day shall be the "Early Settlement Date" with respect to such Securities and if such requirements are first satisfied after 5:00 p.m., New York City time, on a Business Day or on a day that is not a Business Day, the "Early Settlement Date" with respect to such Securities shall be the next succeeding Business Day.

More Definitions of Early Settlement

Early Settlement has the meaning specified in the Purchase Contract Agreement.

Early Settlement has the meaning set forth in Section 5.07.

Early Settlement has the meaning set forth in the Purchase Contract and Pledge Agreement.

Early Settlement has the meaning specified in Section 509(a).

Early Settlement has the meaning set forth in Section 4.04(a).

Early Settlement. Early Settlement Amount", "Early Settlement Date", "Holders", "Indenture", "Opinion of Counsel", "Outstanding Securities", "PEPS Units", "Person", "Purchase Contract", "Purchase Contract Payments", "Purchase Contract Settlement Date", "Purchase Price", "Remarketing Agent", "Remarketing Agreement", "Senior Trustee", "Settlement Rate", "Termination Event", "Treasury PEPS Units", and "Underwriting Agreement";

Early Settlement. Early Settlement Date," "Failed Remarketing", "Holder," "Officers' Certificate," "Opinion of Counsel," "Outstanding Securities," "Purchase Contract," "Purchase Contract Settlement Date," "Purchase Price," "Redemption Amount", "Redemption Price", "Remarketing Agent," "Remarketing Agreement," "Settlement Rate," "Stock Purchase Unit," "[Subordinated] Notes," "Tax Event", "Tax Event Redemption", "Tax Event Redemption Date", "Termination Event," "Treasury Stock Purchase Unit," and "Underwriting Agreement"; and