Settlement Failure Compensation Claims Sample Clauses

Settlement Failure Compensation Claims. ‌ When the counterparties to a transaction cannot settle for any reason, the impacted party is entitled to claim use of funds at the market rate, together with any other associated costs, or as mutually agreed under the terms of the documentation governing reciprocal purchase agreements between the parties. When settlement failure occurs, the deal will settle on the following business day with no rate adjustment (original settlement price). If settlement continues to fail the settlement price does not alter except in circumstances where there is bilateral agreement. In the event of costs are incurred due to a failed settlement, the party being failed should formalise a claim detailing all costs incurred and basis of claim. All such claims must be formally acknowledged and responded to within 7 business days of receipt of a claim letter. Addendum 1: Access to Securities Lending Facilities‌
Sample 1Sample 2
AutoNDA by SimpleDocs
Settlement Failure Compensation Claims. When a buyer /seller fails to match a seller/buyer’s instructions or cannot settle for reasons such as lack of cash or failure to settle in Austraclear, the buyer/seller is entitled to claim use of funds at the market rate, together with any other associated costs. When settlement failure occurs, the deal will settle on the following business day with no rate adjustment (original settlement price). If settlement continues to fail the settlement price does not alter except in circumstances where there is bilateral agreement. In the event of cost being incurred do to a failed settlement, the party being failed should formalise a claim detailing all costs incurred and basis of claim. All such claims must be formally acknowledged and responded to within 7 business days of receipt of a claim letter.
Sample 1
Settlement Failure Compensation Claims. ‌ When settlement failure occurs, the deal will settle on the following business day with no rate adjustment (original settlement price). If settlement continues to fail the settlement price does not alter unless the two counterparties agree. Exceptions to this are when a buyer fails to match a seller’s instructions or cannot settle for reasons such as lack of cash or failure to settle in NZClear. The seller is entitled to claim use of funds at the market rate. All such claims must be formally acknowledged and responded to within 14 days of receipt of a claim letter. Document Information Date Approved 09 May 2023 Approved by NZFMA Rates Committee
Sample 1

Related to Settlement Failure Compensation Claims

  • Compensation Claims (a) The Employer agrees to cooperate toward the prompt disposition of employee on-the-job injury claims. The Employer shall provide worker’s compensation protection for all employees even though not required by state law, or the equivalent thereof, if the injury arose out of or in the course of employment. No employee will be disciplined or threatened with discipline as a result of filing an on-the-job injury report. The Employer or its designee shall not visit an injured worker at his/her home, at a hospital or any location outside the employee’s home terminal without his/her consent.

  • Shift Differential Compensation Any employee in the bargaining unit whose assigned work shift commences (for unit-1) prior to 5:30 a.m. or whose work shift ends after 5:30 p.m., or (for unit-2 members) commences after 2:00 p.m. shall be paid a shift differential premium of five (5%) percent above the regular rate of pay for all hours worked.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Show-Up Compensation An employee who is scheduled for work and reports for work, except for situations addressed in Article 123--Inclement or Hazardous Conditions, and is released from work shall be paid the equivalent of two

  • Intercarrier Compensation Except as specifically described in this Section, the Agreement does not change or amend applicable intercarrier compensation arrangements (including but not limited to Switched Access, Signaling, or Transit charges) between any parties, including between Qwest and Carriers or IXCs.

  • Extra Compensation 1. CTSO Advisors will be paid twenty-five ($25) per hour (capped at eight (8) hours per day) for non-discretionary CTSO activities (e.g., conferences, conventions, and competitions) involving students on days not scheduled as part of the regular school year calendar.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Call Back Compensation (a) Call back is an occasion where an employee has been released from duty and is called back to work prior to his/her normal starting time. On such occasions, the employee’s scheduled or recognized shift shall be made available for work, except that the Agency shall not be obligated to work the employee more than twelve (12) consecutive hours and the employee may choose not to work more than twelve (12) consecutive hours, excluding meal periods, of combined call back time and regular shift time.

  • Are There Penalties for Early Distribution from a Xxxx XXX As indicated above, earnings on your contributions, as well as amounts contributed to a Xxxx XXX as a rollover from a Traditional IRA, that are distributed before certain events are subject to various taxes. Please see IRS Publication 590 for further information about Xxxx XXX rules and restrictions.

  • Compensation for Damages 4.1 If the Principal has disqualified the Bidder from the tender process prior to the award according to Section 3, the Principal is entitled to demand and recover the damages equivalent Xxxxxxx Money Deposit/Bid Security.

Time is Money Join Law Insider Premium to draft better contracts faster.