Settlement of Sales. Subject to the conditions set forth in Section 6, each sale of Shares hereunder shall be settled on the Settlement Date therefor. No later than 12:00 Noon (New York City time) on the Settlement Date, the Company shall cause its transfer agent, currently Computershare Shareholder Services LLC, to electronically transfer such Shares to the Sales Agent by crediting the account of the Sales Agent or its designee or nominee at the Depository Trust Company through its Deposit/Withdrawal at Custodian System, or by such other means of delivery as may be mutually agreed upon by the Company and the Sales Agent in writing. Upon notification that the Shares have been issued, Sales Agent shall deliver the total Net Proceeds for the sale of all Shares to be settled on such Settlement Date by wire transfer of immediately available funds to an account designated by the Company in the related Sales Notice.
Settlement of Sales. 25.1. Agent acknowledges and agrees that ARC will, based on Agent’s Submitted Sales Report, draft Agent’s designated bank account for the authorized amount. No draft shall be presented to the Agent’s designated bank account based on information not contained in Agent’s Sales Report, except for drafts for amounts stated in this Agreement such as annual, transaction or compensatory fees, or as the Agent may otherwise specifically authorize. The draft will occur no earlier than the fifth calendar day after the close of the Sales Report Period.
25.2. If Agent has no Transactions in its Sales Report during the Sales Report Period, ARC will automatically Submit a “No Sales” Report on Agent’s behalf.
25.3. Agent acknowledges and agrees that it remains financially liable and responsible for all Transactions issued by Agent during each Sales Report Period including those not submitted in Agent’s Sales Report.
25.4. All monies and credit card billing documents, less applicable commission(s), Agent collects for sales hereunder are property of Xxxxxxxx, and will be held in trust by Agent until satisfactorily accounted for to Carriers.
Settlement of Sales. We will normally deposit the proceeds of sales into your nominee account. If, however, you elect to receive the proceeds, we will deposit those proceeds into your bank account, details of which you have provided at set-up and which is in your name, via BACS. We can also transfer proceeds via Fast Payment or CHAPs, but there may be an additional charge for this. We will only pay out to a third party account following a written request from you and only if the third party meets our strict third party payment out rules.
Settlement of Sales. Cheques for settlement will be sent by first class post at your risk on the settlement date providing valid share certificates and trans- fer forms have been received at least 3 business days beforehand as outlined in section 4 of these terms, otherwise 3 days from re- ceipt of these documents.
Settlement of Sales. We will normally de posit the proce e dsof sale s into your nominee account. If, however, you elect to receive the proceeds, we will deposit those proceedsinto your bank account, details of which you have provided at set-up and which is in your name, via BACS. We can also transfer proceeds via Fast Payment or CHAPs, but there may be an additional charge for this. We will only pay out to a third party accounts following a written request from you and only if the third party meets our strict third party payment out rules. Where certificated sales are undertaken, we require your valid share certificate and valid signed transfer form at least three working days before settlement date so that we can meet your obligations in the market. If you fail to do this you will be in breach of our Terms. We will attempt to contact you, but if the stock is not on its way to us we reserve the right to buy back the shares in the market on your behalf without reference to you. In these circumstances you will be responsible for all charges and commissions relating to the purchase, including any difference in the value of the shares. If the relevant paperwork is late, but should reach us before settlement date, we may make an additional charge.
Settlement of Sales. 15.1 Proceeds of sales will not be made available to Client until all amounts due and payable by Client to Spectrum Live or Market Participant have been paid.
15.2 All proceeds of sale to which Client is entitled under these Terms will be paid directly to Client and not to any third party (subject to any amounts payable to Spectrum Live or Market Participant).
Settlement of Sales. The Client must provide all documents and security holder information (including HIN or shareholder reference number) to the Wholesale Broker in deliverable form prior to the Settlement Date and Time.
Settlement of Sales. Withdrawals of settled funds can be made by cheque or bank transfer. Cheques will be made payable to the name of the TSCTrade account holder. Bank transfers will be made to the bank account we hold on file for you that is solely or jointly in your name. Instructions to sell certificated investments must not be given if you have lost or mislaid your certificate. You must first obtain a replacement certificate from the relevant Company Registrar. The settlement date for each transaction is shown clearly on the contract note and cannot be changed once the deal has been done. The standard settlement period for sales is usually T+2 for shares held in nominee or T+10 if in certificated form. We are unable to sell shares recently purchased until you are in receipt of your share certificate. You should ensure that all necessary documents are in our hands in good time for settlement. We require your valid share certificate and valid signed transfer form at least six working days before the settlement date so that we can meet your/our obligations with the market. We shall pay all sums in pounds sterling. Those designated in other currency will be converted at the exchange rate of our custodian.
