Clearing Arrangements Sample Clauses

Clearing Arrangements. Participant represents and warrants that it has executed a clearing agreement with _ (“Clearing Broker”). Participant represents and warrants that, based on Participant’s actual knowledge; Clearing Broker is a member in good standing with FINRA and the National Securities Clearing Corporation (“NSCC”) and shall be a member in good standing with FINRA and NSCC at the time any over-the-counter transaction in an exchange-listed security is reported to the TRF.
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Clearing Arrangements. Each of the Agreeing Parties shall use commercially reasonable efforts to obtain prior to the Closing the approval of their respective clearing firms so that the transactions contemplated by this Agreement do not trigger acceleration of indebtedness thereunder or shall otherwise seek to modify their existing clearing arrangements to consolidate same or such other arrangements reasonably acceptable to Parent and the Company (collectively “Clearing Arrangements Approvals”).
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Clearing Arrangements. The Client will inform the Trading Member of the details of its appointed Clearing Member and will provide a letter of acceptance from the Clearing Member. The Client shall ensure that it is dealing with the Trading Member at all times in line with the trading limits permitted to it by its Clearing Member and will expressly ensure that it does not initiate a position with the Trading Member for which sufficient margin is not placed with its Clearing Member. The Client shall also ensure that any Transactions initiated by it through the Trading Member are reported by the Client to its Clearing Member as soon as possible and in all circumstances before 4 PM on the day on which that Transaction was initiated, so as to ensure acceptance of Transactions for clearing by the Clearing Member. The Client shall notify the Trading Member of the Client’s fund flows in advance so as to enable the Trading Member to follow up with the Client’s Clearing Member for clearing of Transactions. These procedures will be reviewed periodically by the Trading Member and appropriately modified, if necessary. Signed for and on behalf of <Client Name> Authorised Signatory 1 (with company seal) Authorised Signatory 2 (with company seal) Name: Name: Title: Title: [To be printed on client letter head] Standing Instruction Letter NON MANDATORY [Date] Citibank, N.A. 0xx Xxxxx, Xxxx Xxxxxx Xxxxxx Xxxxx Xxxxxxx Xxxxxx Xxxx Xxxxxx -400 051 Dear Sir, Standard settlement instructions We, M/S (“Customer” or “we”) refer to the services extended by Citibank, N.A. (“Bank” or “you”) to us as a Trading Member pursuant to SEBI Rights and Obligations document and an Agreement both dated . We further refer to the discussions the Bank had with us on the above mentioned and pursuant to the same in order to facilitate the smooth processing of margins, realized profits and losses and any other related charges in the currency derivatives segment and/or for the services extended by the Bank, we would like to issue the following standing instructions. For the recovery or reimbursement of fees or charges in relation to the services rendered by you we hereby authorize you to debit our account # held with your Branch. The standing instructions/authorizations provided hereinabove may be revoked by us at any point of time. Provided however, such revocation will be effective only upon receipt by you of a revocation letter from us to that effect. ----------------------------------- Signature: Date: Running Account au...
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Clearing Arrangements. CIG is presently a party to a clearing agreement with U.S. Clearing Corp., a copy of which is attached hereto. Buyer shall at Closing replace the CIG deposit if it continues the clearing agreement with U.S.
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Clearing Arrangements. APA and the Shareholders shall have taken all steps necessary or advisable for the transfer of all APA customer accounts to MSC including, without limitation, any required actions with respect to MSC's and APA's respective clearing agents, and MSC shall have received a letter or other certificate signed by APA's clearing agent to such effect.
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Clearing Arrangements. An agreement with a clearing firm, in form and substance satisfactory to Buyer, shall have been executed by the Buyer and such firm.
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Related to Clearing Arrangements

  • Banking Arrangements The banking business of the Corporation including, without limitation, the borrowing of money and the giving of security therefor, shall be transacted with such banks, trust companies or other bodies corporate or organizations as may from time to time be authorized by the board. Such banking business or any part thereof shall be transacted under such agreements, instructions and delegations of powers as the board may from time to time prescribe or authorize.

  • Cash Management Services Funds received by Transfer Agent in the course of performing its services hereunder will be held in demand deposit bank accounts or money market fund accounts in the name of Transfer Agent (or its nominee) as agent for the Funds.

  • Cash Management System Each Borrower shall, and shall cause its Subsidiaries to, establish and maintain the Cash Management Systems described below:

  • Cash Management Systems On or prior to the Closing Date, Borrowers will establish and will maintain until the Termination Date, the cash management systems described in Annex C (the “Cash Management Systems”).

  • Cash Management Arrangements Borrower shall cause all Rents to be transmitted directly by tenants of the Property into an Eligible Account (the “Clearing Account”) maintained by Borrower at a local bank selected by Borrower, which shall at all times be an Eligible Institution (the “Clearing Bank”) as more fully described in the Clearing Account Agreement. A form of tenant direction letter for such purpose is attached hereto as Schedule 1. Without in any way limiting the foregoing, all Rents received by Borrower or Manager shall be deposited into the Clearing Account within one (1) Business Day of receipt. Funds deposited into the Clearing Account shall be swept by the Clearing Bank on a daily basis into Borrower’s operating account at the Clearing Bank, unless a Cash Management Period is continuing, in which event such funds shall be swept on a daily basis into an Eligible Account at the Deposit Bank controlled by Lender (the “Deposit Account”) and applied and disbursed in accordance with this Agreement. Funds in the Deposit Account shall be invested at Lender’s discretion only in Permitted Investments. Lender will also establish subaccounts of the Deposit Account which shall at all times be Eligible Accounts (and may be ledger or book entry accounts and not actual accounts) (such subaccounts are referred to herein as “Subaccounts”). The Deposit Account and any Subaccount will be under the sole control and dominion of Lender, and Borrower shall have no right of withdrawal therefrom. Borrower shall pay for all expenses of opening and maintaining all of the above accounts.

  • Cash Management Account Borrower hereby represents and warrants to Lender that:

  • Funding Arrangements Minimum amounts/increments for Japan Local Currency Borrowings, repayments and prepayments: Same as Credit Agreement.

  • Clearing Account If the Servicer finds it necessary to use a clearing account, the following guidelines must be followed:

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