Offline Contracts. 7.1.1 After Moneycorp has received cleared funds from the Client for the Settlement of an Offline Contract (including any balance payable for an Offline Contract in respect of which the Client has paid a Margin), the currency the Client has bought will be sent by electronic transfer to the destination the Client specifies. It will be the Client’s responsibility to ensure that Moneycorp is provided with payment instructions in good time before the Value Date. Moneycorp will make every effort to effect the Client’s payment at the time the Client specifies but Moneycorp does not guarantee the timing of any such payment.
Appears in 7 contracts
Samples: Commercial Payment Services and Foreign Exchange Account Agreement, Account Agreement, Foreign Exchange Account Agreement
Offline Contracts. 7.1.1 After Moneycorp has received cleared funds from the Client for the Settlement of an Offline Contract (including any balance payable for an Offline Contract in respect of which the Client has paid a Margin), the currency the Client has bought will be sent by electronic transfer to the destination the Client specifies. It will be the Client’s responsibility to ensure that Moneycorp is provided with payment instructions in good time before the Value Date. Moneycorp will make every effort to effect the Client’s payment at the time the Client specifies but Moneycorp does not guarantee the timing of any such payment.ensure
Appears in 2 contracts
Samples: Account Agreement, Account Agreement
Offline Contracts. 7.1.1 After 8.1.1After Moneycorp Bank has received cleared funds from the Client for the Settlement of an Offline Contract (including any balance payable for an Offline Contract in respect of which the Client has paid a Margin), the currency the Client has bought will be sent by electronic transfer to the destination the Client specifiesspecifies or in default thereof to the Client’s Account. It will be the Client’s responsibility to ensure that Moneycorp Bank is provided with payment instructions in good time before the Value Date. Moneycorp Bank will make every effort to effect the Client’s payment at the time the Client specifies but Moneycorp Bank does not guarantee the timing of any such payment.
Appears in 1 contract
Samples: Account Agreement
