Exchange Clearance Clause Samples
The Exchange Clearance clause defines the process by which transactions are settled and confirmed through a recognized exchange or clearinghouse. Typically, this clause outlines the responsibilities of each party to ensure that trades are properly submitted for clearing, and may specify timelines, required documentation, or procedures in the event of a failed clearance. Its core practical function is to ensure that all trades are finalized in accordance with industry standards, thereby reducing counterparty risk and providing certainty of settlement for both parties.
Exchange Clearance. On the Closing Date, the Firm Shares shall have been approved for listing on the Exchange, subject only to official notice of issuance. On the first Option Closing Date (if any), the Option Shares shall have been approved for listing on the Exchange, subject only to official notice of issuance.
Exchange Clearance. On the Closing Date, the Company’s shares of Common Stock, including the Firm Shares, shall have been approved for listing on the Exchange, subject only to official notice of issuance. On the first Option Closing Date (if any), the Company’s shares of Common Stock, including the Option Shares, shall have been approved for listing on the Exchange, subject only to official notice of issuance.
Exchange Clearance. On the Closing Date, the Common Stock shall have been approved for listing on the Exchange, subject only to official notice of issuance.
Exchange Clearance. On the Closing Date, the Public Securities shall have been approved for listing on the Exchange, subject only to official notice of issuance.
Exchange Clearance. On the Closing Date, the Ordinary Shares shall have been approved for listing on the Exchange, subject only to official notice of issuance.
Exchange Clearance. On the Closing Date, ADSs shall have been approved for listing on the Exchange, subject only to official notice of issuance.
Exchange Clearance. On or prior to the Closing Date, the Company shall have submitted a Nasdaq Listing of Additional Shares Notification Form with respect to the Public Securities.
Exchange Clearance. On the Closing Date and the first Option Closing Date, as applicable, the Exchange shall have completed its review of the listing of additional shares notification related to the Firm Shares and the shares of Common Stock underlying the Option Shares).
Exchange Clearance. On the Closing Date, the Company's Common Shares, including the Firm Shares and Underlying Shares issuable upon exercise of the Firm Pre-Funded Warrants, shall have been approved for listing on the Exchange, subject only to official notice of issuance. On the first Option Closing Date (if any), the Company's Common Shares, including the Option Shares and Underlying Shares issuable upon the exercise of the Option Pre-Funded Warrants shall have been approved for listing on the Exchange, subject only to official notice of issuance.
Exchange Clearance. On or before the First Closing Date, the Firm Shares, and on or before each Option Closing Date, the Optional Shares shall have been approved for listing on the Exchange, subject only to official notice of issuance.