Qualifying Office Clause Samples
The 'Qualifying Office' clause defines the specific office or location of a party that meets certain criteria set out in the agreement. Typically, this clause outlines which offices are eligible to perform contractual obligations or receive certain rights, such as payment or delivery, based on factors like regulatory status, geographic location, or operational capacity. By clearly identifying which offices qualify, the clause ensures that only appropriate and authorized locations are involved in the contract, thereby reducing ambiguity and potential disputes over which office is responsible for fulfilling obligations.
Qualifying Office. Provider is a securities intermediary with respect to each BFA Account. Provider had on the date that Provider and the BFA Recipient entered into this Agreement an office in the State of New York or another State (as defined in the UCC) that engaged in the regular activity of maintaining securities accounts.
Qualifying Office. Provider is a securities intermediary with respect to the Pass Through Account. Provider had on the date that Provider and the Lending Fund or BTC on behalf of any Lending Fund entered into an account agreement (as defined in Hague Securities Convention Article 1(e)), an office in the United States that engaged in the regular activity of maintaining securities accounts.