Settlement Extension Sample Clauses

Settlement Extension. (a) In the event we do not receive Settlement on or before Settlement Cut-off Time, we may, without your consent, amend the originally agreed upon Value Date to the immediately subsequent Business Day (“Settlement Extension”). You shall pay us any Losses incurred as a result of a difference between the value of the Transaction on the originally agreed upon Value Date and the prevailing market rate on the subsequent Business Day. (b) We reserve the right to extend the Settlement Cut-off Time of an Transaction as often as needed prior to its receipt if past due Settlement. (c) At any time prior to the Value Date, you may request us to extend the Value Date to a future Business Day (“Settlement Extension Request”). You must have an underlying business purpose for each Settlement Extension Request. All Settlement Extension Requests are subject to our approval. We may decline a Settlement Extension Request in our sole discretion for any reason. In the event of our acceptance of a Settlement Extension Request, you agree to pay to us on demand within one (1) clear Business Day the amount of any and all Losses we incur and any fee assessed by us to you in connection with its fulfilment of the Settlement Extension Request.

Settlement Extension. In the event we do not receive Settlement on or before Settlement Cut-off Time, we may, without your consent, amend the originally agreed upon Value Date to the immediately subsequent Business Day (“Settlement Extension”). You shall pay us any Losses incurred as a result of a difference between the value of the Transaction on the originally agreed upon Value Date and the prevailing market rate on the subsequent Business Day.

Settlement Extension. In the event Cambridge fails to receive Settlement on or before Value Date, Cambridge may, without the consent of Client, amend the originally agreed upon Value Date to the immediately subsequent Business Day (“Settlement Extension”). Client shall pay Cambridge any Losses incurred as a result of a difference between the value of the Order on the originally agreed upon Value Date and the prevailing market rate on the subsequent Business Day. Cambridge reserves the right to extend the settlement date of an Order as often as needed prior to its receipt of past due Settlement. At any time prior to the Value Date, Client may request Cambridge to extend the Value Date to a future Business Day (“Settlement Extension Request”). Client must have an underlying business purpose for each Settlement Extension Request. All Settlement Extension Requests are subject to the approval of Cambridge. Cambridge may decline a Settlement Extension Request in its sole discretion for any reason. In the event of Cambridge’s acceptance of a Settlement Extension Request, Client agrees to pay to Cambridge on demand within one (1) clear Business Day the amount of any and all Losses incurred by Cambridge and any fee assessed by Cambridge to Client in connection with its fulfilment of the Settlement Extension Request.

Settlement Extension. In thq qvqnt wq do not rqcqivq Sqttlqmqnt on or bqforq Sqttlqmqnt Cut-off Timq, wq may, without your consqnt, amqnd thq originally agrqqd upon Valuq Datq to thq immqdiatqly subsqquqnt Businqss Day (“Sqttlqmqnt Extqnsion”). You shall pay us any Losses incurred as a rqsult of a diffqrqncq bqtwqqn thq valuq of thq Transaction on thq originally agrqqd upon Valuq Datq and thq prqvailing markqt ratq on thq subsqquqnt Businqss Day.

Settlement Extension. In the event WALLEX fails to receive Settlement on or before Value Date, WALLEX may, without the consent of Client, amend the originally agreed upon Value Date to the immediately subsequent Business Day (“Settlement Extension”). Client shall pay WALLEX any Losses incurred as a result of a difference between the value of the Order on the originally agreed upon Value Date and the prevailing market rate on the subsequent Business Day. WALLEX reserves the right to extend the settlement date of an Order as often as needed prior to its receipt of past due Settlement. At any time prior to the Value Date, Client may request WALLEX to extend the Value Date to a future Business Day (“Settlement Extension Request”). Client must have an underlying business purpose for each Settlement Extension Request. All Settlement Extension Requests are subject to the approval of WALLEX. WALLEX may decline a Settlement Extension Request in its sole discretion for any reason. In the event of WALLEX’s acceptance of a Settlement Extension Request, Client agrees to pay to WALLEX on demand within one (1) clear Business Day the amount of any and all Losses incurred by WALLEX and any fee assessed by WALLEX to Client in connection with its fulfilment of the Settlement Extension Request.

Settlement Extension. In the event CMRM fails to receive Settlement on or before Value Date, CMRM may, without the consent of Client, amend the originally agreed upon Value Date to the immediately subsequent Business Day (“Settlement Extension”). Client shall pay CMRM any Losses incurred as a result of a difference between the value of the Order on the originally agreed upon Value Date and the prevailing market rate on the subsequent Business Day. CMRM reserves the right to extend the settlement date of an Order as often as needed prior to its receipt of past due Settlement. At any time prior to the Value Date, Client may request CMRM to extend the Value Date to a future Business Day (“Settlement Extension Request”). All Settlement Extension Requests are subject to the approval of CMRM. CMRM may decline a Settlement Extension Request in its sole discretion for any reason. In the event of CMRM’s acceptance of a Settlement Extension Request, Client agrees to pay to CMRM on demand within one (1) clear Business Day the amount of any and all Losses incurred by Corpay and any fee assessed by Corpay to Client in connection with its fulfilment of the Settlement Extension Request.