Daily Settlement Sample Clauses

Daily Settlement. Daily settlement occurs between 21:00-21:30 GMT (22:00-22:30 during America’s Non-Daylight Saving) every day.
Sample 1
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Daily Settlement. Party A deducts the handling fee of the previous working day from the funds to be liquidated by Party B every working day.
Sample 1
Daily Settlement. The Company and the Reinsurer will net settle the Daily Settlement, as set forth in Schedule C, on every business day for the duration of this Agreement; provided, however, that the initial Daily Settlement shall not occur until the earlier of (a) the date on which the payments contemplated by the Effective Date Accounting and the Initial Ceding Commission Execution Version have been received by the parties, and (b) the date on which the Company and the Reinsurer elect to begin settlements in accordance with this Section 10i. (the “Initial Daily Settlement Date”). On the Initial Daily Settlement Date, the Company and the Reinsurer shall net settle the Daily Settlement to include all applicable settlement items for the period from the Effective Date up to and including the Initial Daily Settlement Date. For each Daily Settlement, if such Daily Settlement is greater than or equal to zero, the Company shall pay the Reinsurer and, if the Daily Settlement is less than zero, the Reinsurer shall pay the Company the absolute value of the amount.
Sample 1
Daily Settlement. Seller will provide Purchaser with a report of CD maturities and Accrued Interest for all CDs. Such report will be provided each day during the Interim Service Period before 10:00 a.m. Central Time. Purchaser shall send funds, by wire transfer, to Seller in order that Seller may pay the funds to the appropriate Depositor. Seller will pay funds to the appropriate Depositor within two (2) hours after receiving the wire transfer from Purchaser. EXHIBIT A Exhibit A shall be replaced with the Exhibit A attached hereto.
Sample 1
Daily Settlement. Notwithstanding the weekly settlement procedures in Section 4.2.1, Agent may, at its option at any time, including whenever Agent is asked to make an advance of a Revolving Loan (whether via the Controlled Disbursement Account or otherwise), elect to have a daily settlement with respect to any requested advance of a Revolving Loan. If Agent elects to have a daily settlement, (i) it must promptly (but in no event later than 12:00 noon, Cincinnati, Ohio time, on the proposed Borrowing Date) advise each Lender by telephone (confirmed by telecopier), telex or telecopy of the requested Borrowing Date (the applicable date being, the "Daily Settlement Date"), the amount of the requested advance, and the amount of each Lender's Percentage Share and (ii) each Lender will pay to Agent the amount of the Lender's Percentage Share of the requested Revolving Loan, in immediately available funds, before 2:30 p.m., Cincinnati, Ohio time, on the proposed Borrowing Date. Whenever Agent has elected a Daily Settlement Date, and as long as Agent's election remains in effect, Agent will pay to each Lender its pro rata share of all payments, if any, described in Section 4.2.1, which were received by Agent in finally collected funds on or before 2:30 p.m., Cincinnati, Ohio time, on the next Business Day following receipt by Agent, so long as a Lender has made all payments required to be made by it under this Agreement.
Sample 1
Daily Settlement. Seller and Purchaser may make arrangements to provide for the daily settlement by wire transfer with immediately available funds of the net amount owing by Seller to Purchaser or by Purchaser to Seller pursuant to Sections 1.11(g), 1.11(h), 1.11(i), 1.11(j), 1.11(k) and 1.11(m).
Sample 1
Daily Settlement. On each day (other than a Liquidation Day or a Provisional Liquidation Day) during each Settlement Period in the Revolving Period for the Purchased Interest, the Collection Agent shall: (i) deposit or cause to be deposited in the Collection Account Collections of all Pool Receivables received on the immediately preceding day, and (ii) direct the Facility Agent to (A) reinvest an amount equal to the amount of the estimated Principal Collections from such deposit, for the benefit of Purchaser, by recomputation of the Purchased Interest pursuant to Section 2.4 as of the end of such day, (B) transfer an amount equal to any remaining amount of the estimated Principal Collections to the Seller; provided, however, that, to the extent that the Facility Agent or Purchaser shall be required for any reason to pay over any amount of Collections which shall have been previously reinvested for the account of Purchaser pursuant hereto, such amount shall be deemed not to have been so applied but rather to have been retained by the Seller and paid over for the account of Purchaser and, notwithstanding any provision hereof to the contrary, Purchaser shall have a claim for such amount and (C) retain the amount of the Interest Collections from such deposit in the Interest Account.
Sample 1
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Daily Settlement. On each day (including a Liquidation Day and a Provisional Liquidation Day) during each Settlement Period in the Amortization Period for the Purchased Interest, the Collection Agent shall: (i) deposit or cause to be deposited in the Collection Account Collections of all Pool Receivables received on the immediately preceding day, and (ii) direct the Facility Agent to (A) retain the amount of the Principal Collections from such deposit in the Principal Account and (B) retain the amount of the Interest Collections from such deposit in the Interest Account; provided, however, if amounts are so retained pursuant to this Section 2.6(a) on any Provisional Liquidation Day which is subsequently determined not to be a Liquidation Day, such amounts shall be applied pursuant to Section 2.5(a) on the day of such subsequent determination.
Sample 1
Daily Settlement. On each Business Day, the Servicer shall deliver to the Trustee a Daily Report in which it shall instruct the Trustee to withdraw with respect to the Series 1993-1 Certificates and pay, and the Trustee, acting in accordance with such instructions, shall withdraw and pay or cause to be withdrawn and paid on each Business Day (to the extent, solely with respect to Section 4.04(b) in the case of the Servicing Fee, and Sections 4.04(c), (d), (f), (g) and (h) in the case of amounts payable to the Holder of the Transferor Certificate, the Servicer has not effected any such payment by deduction of such amount from net Collections remitted to the Collection Account on such Business Day as set forth in the Daily Report), the amounts required to be withdrawn and paid from the Collection Account pursuant to Sections 4.04(a), (b), (c), (e) and (f) and, on each Business Day other than a Settlement Date, the amounts required to be withdrawn and paid from the Collection Account pursuant to Sections 4.04(d), (g), and (h).
Sample 1

Related to Daily Settlement

  • Early Settlement (a) Subject to and upon compliance with the provisions of this Section 5.9, Purchase Contracts underlying Units having an aggregate Stated Amount equal to $1,000 or an integral multiple thereof, may, at the option of the Holder thereof, be settled early ("Early Settlement") on or prior to 10:00 a.m. on the seventh Business Day immediately preceding the Stock Purchase Date. In order to exercise the right to effect Early Settlement with respect to any Purchase Contracts, the Holder of the Certificate evidencing the related Units shall deliver such Certificate to the Agent at the Corporate Trust Office duly endorsed for transfer to the Company or in blank with the form of Election to Settle Early on the reverse thereof duly completed and accompanied by payment payable to the Company in immediately available funds in an amount (the "Early Settlement Amount") equal to (A) the product of (i) the Stated Amount of such Units multiplied by (ii) the number of Purchase Contracts with respect to which the Holder has elected to effect Early Settlement, plus (B) if such delivery is made with respect to any Purchase Contracts during the period from close of business on any Record Date next preceding any Payment Date to the opening of business on such Payment Date, an amount equal to the Contract Adjustment Payments, if any, payable on such Payment Date with respect to such Purchase Contracts; provided that no payment shall be required pursuant to clause (B) of this sentence if the Company shall have elected to defer the Contract Adjustment Payments which would otherwise be payable on such Payment Date. Except as provided in the immediately preceding sentence and subject to Section 5.2(d), no payment or adjustment shall be made upon Early Settlement of any Purchase Contract on any Contract Adjustment Payments accrued on such Purchase Contract or on account of any dividends on the Common Stock issued upon such Early Settlement. If the foregoing requirements are first satisfied with respect to Purchase Contracts underlying any Unit 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 Unit 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 Units shall be the next succeeding Business Day.

  • Cash Settlement If Cash Settlement is applicable to any Option exercised or deemed exercised hereunder, in lieu of Section 8.1 of the Equity Definitions, Dealer will pay to Counterparty, on the relevant Settlement Date for each such Option, an amount of cash (the “Cash Settlement Amount”) equal to the sum, for each Valid Day during the Settlement Averaging Period for such Option, of (i) the Daily Option Value for such Valid Day, divided by (ii) the number of Valid Days in the Settlement Averaging Period.

  • Combination Settlement If Combination Settlement is applicable to any Option exercised or deemed exercised hereunder, Dealer will pay or deliver, as the case may be, to Counterparty, on the relevant Settlement Date for each such Option:

  • Payment on Settlement Date On contractual settlement date, the account of the Fund will be charged for all purchased Investments settling on that day, regardless of whether or not delivery is made. Likewise, on contractual settlement date, proceeds from the sale of Investments settling that day will be credited to the account of Fund, irrespective of delivery. Exceptions to contractual settlement on purchases and sales, that will continue to settle delivery versus payment, include real estate, venture capital, international trades, open-ended mutual funds, non standard depository settlements and in-kind trades.

  • Final Settlement The Parties agree and acknowledge that this Compromise Agreement shall constitute a final settlement between the Parties. This Compromise Agreement resolves only issues addressed in the Compromise Agreement.

  • Physical Settlement If Physical Settlement is applicable, then Counterparty shall deliver to Dealer through the Clearance System a number of Shares equal to the Settlement Shares for such Settlement Date, and Dealer shall pay to Counterparty, by wire transfer of immediately available funds to an account designated by Counterparty, an amount equal to the Physical Settlement Amount for such Settlement Date. If, on any Settlement Date, the Shares to be delivered by Counterparty to Dealer hereunder are not so delivered (the “Deferred Shares”), and a Forward Price Reduction Date occurs during the period from, and including, such Settlement Date to, but excluding, the date such Shares are actually delivered to Dealer, then the portion of the Physical Settlement Amount payable by Dealer to Counterparty in respect of the Deferred Shares shall be reduced by an amount equal to the Forward Price Reduction Amount for such Forward Price Reduction Date, multiplied by the number of Deferred Shares.

  • Termination Settlement Upon the occurrence of any Acceleration Event, Dealer shall have the right to designate, upon at least one Scheduled Trading Day’s notice, any Scheduled Trading Day following such occurrence to be a Settlement Date hereunder (a “Termination Settlement Date”) to which Physical Settlement shall apply, and to select the number of Settlement Shares relating to such Termination Settlement Date; provided that (i) in the case of an Acceleration Event arising out of an Ownership Event, the number of Settlement Shares so designated by Dealer shall not exceed the number of Shares necessary to reduce the Share Amount to reasonably below the Post-Effective Limit and (ii) in the case of an Acceleration Event arising out of a Stock Borrow Event, the number of Settlement Shares so designated by Dealer shall not exceed the number of Shares as to which such Stock Borrow Event exists. If, upon designation of a Termination Settlement Date by Dealer pursuant to the preceding sentence, Counterparty fails to deliver the Settlement Shares relating to such Termination Settlement Date when due or otherwise fails to perform obligations within its control in respect of the Transaction, it shall be an Event of Default with respect to Counterparty and Section 6 of the Agreement shall apply. If an Acceleration Event occurs during an Unwind Period relating to a number of Settlement Shares to which Cash Settlement or Net Share Settlement applies, then on the Termination Settlement Date relating to such Acceleration Event, notwithstanding any election to the contrary by Counterparty, Cash Settlement or Net Share Settlement shall apply to the portion of the Settlement Shares relating to such Unwind Period as to which Dealer has unwound its hedge (assuming that Dealer has a commercially reasonable hedge and unwinds its hedge in a commercially reasonable manner) and Physical Settlement shall apply in respect of (x) the remainder (if any) of such Settlement Shares and (y) the Settlement Shares designated by Dealer in respect of such Termination Settlement Date. If an Acceleration Event occurs after Counterparty has designated a Settlement Date to which Physical Settlement applies but before the relevant Settlement Shares have been delivered to Dealer, then Dealer shall have the right to cancel such Settlement Date and designate a Termination Settlement Date in respect of such Shares pursuant to the first sentence hereof. Notwithstanding the foregoing, in the case of a Nationalization or Merger Event, if at the time of the related Relevant Settlement Date the Shares have changed into cash or any other property or the right to receive cash or any other property, the Calculation Agent shall adjust the nature of the Shares as it determines appropriate to account for such change such that the nature of the Shares is consistent with what shareholders receive in such event. If Dealer designates a Termination Settlement Date as a result of an Acceleration Event caused by an excess dividend of the type described in Paragraph 7(f)(ii), no adjustments(s) shall be made to the terms of this contract to account for the amount of such excess dividend.

  • PAYMENT AND SETTLEMENT You shall deliver to the Manager on the date and at the place and time specified in the applicable AAU (or on such later date and at such place and time as may be specified by the Manager in a subsequent Wire) the funds specified in the applicable AAU, payable to the order of Xxxxxxx Xxxxx Xxxxxx Inc., for (i) an amount equal to the Offering Price plus (if not included in the Offering Price) accrued interest, amortization of original issue discount or dividends, if any, specified in the Prospectus or Offering Circular, less the applicable Selling Concession in respect of the Firm Securities to be purchased by you, (ii) an amount equal to the Offering Price plus (if not included in the Offering Price) accrued interest, amortization of original issue discount or dividends, if any, specified in the Prospectus or Offering Circular, less the applicable Selling Concession in respect of such of the Firm Securities to be purchased by you as shall have been retained by or released to you for direct sale as contemplated by Section 3.6 hereof or (iii) the amount set forth or indicated in the applicable AAU, as the Manager shall advise. You shall make similar payment as the Manager may direct for Additional Securities, if any, to be purchased by you on the date specified by the Manager for such payment. The Manager will make payment to the Issuer or Seller against delivery to the Manager for your account of the Securities to be purchased by you, and the Manager will deliver to you the Securities paid for by you which shall have been retained by or released to you for direct sale. If the Manager determines that transactions in the Securities are to be settled through the facilities of DTC or other clearinghouse facility, payment for and delivery of Securities purchased by you shall be made through such facilities, if you are a member, or, if you are not a member, settlement shall be made through your ordinary correspondent who is a member.

  • Full Settlement The Company's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement and such amounts shall not be reduced whether or not the Executive obtains other employment. The Company agrees to pay as incurred, to the full extent permitted by law, all legal fees and expenses which the Executive may reasonably incur as a result of any contest (regardless of the outcome thereof) by the Company, the Executive or others of the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee of performance thereof (including as a result of any contest by the Executive about the amount of any payment pursuant to this Agreement), plus in each case interest on any delayed payment at the applicable Federal rate provided for in Section 7872(f)(2)(A) of the Internal Revenue Code of 1986, as amended (the "Code").

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