Common use of SETTLEMENT AND FEES Clause in Contracts

SETTLEMENT AND FEES. 5.1 The Direct Clearing Agent is hereby irrevocably authorised to debit or credit the transaction account on the relevant Settlement Day as a result of Contracts Recorded on such account. 5.2 The Direct Clearing Client shall ensure that sufficient funds and Instruments (where relevant) are available in the transaction account on Settlement Day. 5.3 Fees shall be payable for Transactions in Instruments provided by the Clearinghouse and for the Direct Clearing Agent’s services in relation to such Transactions in accordance with those principles which the Clearinghouse or the Direct Clearing Agent may apply from time to time.

SETTLEMENT AND FEES. 5.1 The Direct Clearing Agent is hereby irrevocably authorised to debit or credit the transaction account on the relevant Settlement Day as a result of Contracts Recorded on such account. 5.2 The Direct Clearing Client shall ensure that sufficient funds and Instruments (where relevant) are available in the transaction account on Settlement Day. 5.3 Fees shall be payable for Transactions in Instruments provided by the Clearinghouse Clearing HouseClearinghouse and for the Direct Clearing Agent’s services in relation to such Transactions in accordance with those principles which the Clearinghouse Clearing HouseClearinghouse or the Direct Clearing Agent may apply from time to time.

SETTLEMENT AND FEES. 5.1 The Direct Clearing Agent is hereby irrevocably authorised to debit or credit the transaction account on the relevant Settlement Day as a result of Contracts Recorded on such account. 5.2 The Direct Clearing Client shall ensure that sufficient funds and Instruments (where relevant) are available in the transaction account on Settlement Day. 5.3 Fees shall be payable for Transactions in Instruments provided by the Clearinghouse Clearing House and for the Direct Clearing Agent’s services in relation to such Transactions in accordance with those principles which the Clearinghouse Clearing House or the Direct Clearing Agent may apply from time to time.