Common use of Date of Settlement Clause in Contracts

Date of Settlement. The receipt by the Company of immediately available funds in payment for a Book-Entry Security and the authentication and issuance of the Global Security representing such Book-Entry Security shall constitute "settlement" with respect to such Book-Entry Security. All orders accepted by the Company will be settled on the third Business Day pursuant to the timetable for settlement set forth below unless the Company and the purchaser agree to settlement on another day which shall be no earlier than the next Business Day.

Appears in 7 contracts

Samples: Distribution Agreement (PHH Corp), Distribution Agreement (PHH Corp), Distribution Agreement (Marshall & Ilsley Corp/Wi/)

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Date of Settlement. The receipt by the Company of immediately available funds in payment for a Book-Entry Security and the authentication and issuance of the Global Security representing such Book-Entry Security shall constitute "settlement" with respect to such Book-Entry Security. All orders accepted by the Company will be settled on the third fifth Business Day pursuant to the timetable for settlement set forth below unless the Company and the purchaser agree to settlement on another day which shall be no earlier than the next Business Day.

Appears in 4 contracts

Samples: Distribution Agreement (PHH Corp), Distribution Agreement (Albertsons Inc /De/), Distribution Agreement (PHH Corp)

Date of Settlement. The receipt by the Company of immediately available funds in payment for a Book-Entry Security and the authentication and issuance of the Global Security representing such Book-Entry Security shall constitute "settlementSettlement" with respect to such Book-Entry Security. All orders accepted by the Company will be settled on a date (the "Settlement Date") which is the third Business Day pursuant to after the timetable for settlement set forth below date of acceptance of such offer, unless the Company and the purchaser agree to settlement on another day which shall be no earlier than any other Business Day after the next Business Dayacceptance of such offer in each case pursuant to the Settlement Procedures Timetable set forth below.

Appears in 3 contracts

Samples: Distribution Agreement (Avista Corp), Distribution Agreement (Washington Water Power Co), Distribution Agreement (Washington Water Power Co)

Date of Settlement. The receipt by the Company of immediately available funds in payment for a Book-Entry Security and the authentication and issuance of the Global Security representing such Book-Entry Security shall constitute "settlement" with respect to such Book-Entry Security. All orders accepted by the Company will be settled on the third Business Day business day pursuant to the timetable for settlement set forth below unless the Company and the purchaser agree to settlement settle on another day which shall be no earlier than the next Business Daybusiness day.

Appears in 2 contracts

Samples: Distribution Agreement (Weingarten Realty Investors /Tx/), Distribution Agreement (Weingarten Realty Investors /Tx/)

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Date of Settlement. The receipt by the Company of immediately available funds in payment for a Book-Entry Security and the authentication and issuance of the Global Security representing such Book-Entry Security shall constitute "settlement" with respect to such Book-Entry Security. All orders accepted by the Company will be settled on the third Business Day business day pursuant to the timetable for settlement set forth below unless the Company and the purchaser agree to settlement on another day which shall be no earlier than the next Business Daybusiness day.

Appears in 1 contract

Samples: Distribution Agreement (Fingerhut Companies Inc)

Date of Settlement. The receipt by the Company of immediately available funds in payment for a Book-Entry Security and the authentication and issuance of the Global Security representing such Book-Entry Security shall constitute "β€œsettlement" ” with respect to such Book-Entry Security. All orders accepted by the Company will be settled on the third Business Day pursuant to the timetable for settlement set forth below unless the Company and the purchaser agree to settlement on another day which shall be no earlier than the next Business Day.

Appears in 1 contract

Samples: Distribution Agreement (Marshall & Ilsley Corp/Wi/)

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