On a Settlement Failure Sample Clauses

On a Settlement Failure a) On a settlement failure due to insufficient available funds in the Nominated Account, we will enter into an offsetting transaction and the Customer will be liable to us and will reimburse us for any losses incurred by us with respect to the affected FX trade. Before triggering the offsetting transaction, PagoNxt will retry the FX trade settlement several times during the Delivery date. b) if we receive any net gain as a result of any action taken by us, we will promptly credit your nominated Account by an amount equal to such net gain. c) An administration fee of 50€ will be charged in this scenario.
Sample 1
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On a Settlement Failure a) On a settlement failure due to insufficient available funds in the nominated PagoNxt Payments UK Account, we will enter into an offsetting transaction and you will be liable to us and will reimburse us for any losses incurred by us with respect to the affected FX trade. Before triggering the offsetting transaction, PagoNxt Payments UK will retry the FX trade settlement several times during the Delivery Date. b) if we receive any net gain as a result of any action taken by us, we will promptly credit your nominated PagoNxt Payments UK Account by an amount equal to such net gain. c) An administration fee of 50€ will be charged in this scenario.
Sample 1

Related to On a Settlement Failure

  • 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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