Common use of Settlement and Delivery Clause in Contracts

Settlement and Delivery. Unless otherwise agreed by us in writing, on or before any Settlement Date, you agree to make to Moneycorp full payment of the required Delivery Amount, in collected funds, for all Hedging Contracts to be fully or partially Settled on the Settlement Date. Moneycorp has no obligation to make Delivery pursuant to any Hedging Contract unless and until it has collected the full Delivery Amount due on account of the Hedging Contracts being Settled on the applicable Settlement Date.

Settlement and Delivery. Unless otherwise agreed by us in writing, on or before any Settlement Date, you agree Customer agrees to make to Moneycorp full payment of the required Delivery Amount, in collected funds, for all Hedging Contracts to be fully or partially Settled on the Settlement Date. Moneycorp has no obligation to make Delivery pursuant to any Hedging Contract unless and until it has collected the full Delivery Amount due on account of the Hedging Contracts being Settled on the applicable Settlement Date.