Settlement of Securities Transactions Sample Clauses

Settlement of Securities Transactions. On the settlement date, the Bank shall (i) with respect to the purchase of Securities, debit the Custody Account for the payment of Securities and credit the Custody Account with Securities and (ii) with respect to the sale of Securities, credit the Custody Account with the sale price of Securities and debit the Custody Account for Securities. In the event that a transaction does not settle within a reasonable amount of time, the Bank may reverse the transaction in the Custody Account.
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Settlement of Securities Transactions. 2.1 Settlement through execution brokers UBS will settle Transactions as agent for the Customer with any executing broker, including UBS Securities. If UBS Securities, or any other Related Entity of UBS, is the executing broker, a separate agreement will set out the terms of the agreement between UBS Securities and the Customer with regard to the execution of Transactions.
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Settlement of Securities Transactions. Settlement of all ------------------------------------- purchases and sales of Securities and other transactions processed by the Bank relating to the Account shall be made as set forth in this Section. On the settlement date, and provided that the Bank has received timely, accurate and complete instructions from an Authorized Person (as defined in Section 6(a)), the Bank shall (i) with respect to the purchase of Securities, debit the Account for the purchase amount of such Securities (plus any accrued interest or other charges applicable to such purchase) and credit the Account with the purchased Securities; and (ii) with respect to the sale of Securities, credit the Account with the sale proceeds of such Securities (plus any accrued interest or other proceeds applicable to such sale) and debit the Account for the sold Securities. In the event that any settlement transaction fails to settle within a reasonable period as determined in the Bank's sole discretion, or Securities delivered by the Bank are returned by the recipient, the Bank may, at any time (i) reverse any credits to the Account, (ii) charge the Customer for the amount credited to the Account, or (iii) exercise a right of setoff against returned or unpaid Securities (including, without limitation, the right to liquidate such Securities), and the Customer shall be liable to the Bank for any insufficiency; provided, however, that prior to taking any of the actions described in this sentence, the Bank shall first attempt, as soon as practicable, to verbally notify the Customer of such failure to settle or return of securities, and shall also attempt to provide the Customer with a reasonable opportunity to remedy the situation. The Bank shall deliver Securities sold or receive Securities purchased in such manner as an Authorized Person may direct; provided, however, that an -------- ------- Authorized Person must authorize free deliveries of Securities in an original writing or by other method approved by the Bank in its sole discretion. The Bank shall notify the Customer promptly of any failure to receive or deliver Securities. The Bank shall not be obligated to make an advance or loan to the Customer in connection with settlement of securities transactions, or to otherwise comply with any instructions of an Authorized Person that result in a debit balance in the Account. If, however, the Bank in its sole discretion makes an advance or loan to the Customer, or as a result of complying with an Aut...
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Settlement of Securities Transactions. The Xxxxxxx XX and the Trustee hereby acknowledge that when the Trustee is instructed by the Xxxxxxx XX, or its designee, to deliver property against payment, delivery of the property and receipt of payment may not be simultaneous. In any such case, the risk of non-receipt of payment shall be the Trust's and the Trustee shall have no liability if payment is not received, except in the case of the gross negligence or willful misconduct of the Trustee, its affiliate, director, officer, shareholder, employee, contractor, agent, successor or assign. All credit to the Trust of the anticipated proceeds of sales and redemptions of property and of anticipated income from property shall be conditional upon receipt by the Trustee of final payment and may be reversed to the extent final payment is not received. The Trustee or one of its affiliates may, in its discretion and to the extent consistent with Sections 1.8 or 1.9 of this Agreement, advance funds to the Trust to facilitate the settlement of any transaction. In the event of such an advance, the Trust shall immediately reimburse the Trustee or its affiliates, as the case may be, for the amount of such advance.”
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Settlement of Securities Transactions. Settle­ment of purchases and sales of property may be conducted in accordance with prevailing standards of the market in which the transaction occurs. The risk of non-receipt of payment or other consideration shall be the Trust’s and the Trustee shall have no liability for the failure of the Trust Fund to receive the same. All credits to the Trust Fund of the anticipated proceeds of sales and redemptions of property and of anticipated income from property shall be conditional upon receipt by the Trustee of final payment and may be reversed to the extent final payment is not received.
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Settlement of Securities Transactions. 1. For the purpose of settling Securities and transactions, a Fund shall provide Custodian with sufficient immediately available funds for all transactions by such time and date as conditions in the relevant market dictate. As used herein, "
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Settlement of Securities Transactions. When the Master Trustee is instructed to deliver property against payment, delivery of the property and receipt of payment may not be simultaneous. The risk of non-receipt of payment shall be the Master Trust's and the Master Trustee shall have no liability therefor. All credits to the Master Trust of the anticipated proceeds of sales and redemptions of property and of anticipated income from property shall be conditional upon receipt by the Master Trustee of final payment and may be reversed to the extent final payment is not received. At the discretion of the Master Trustee, the Master Trust may make use of such conditional credits. To the extent such credits do not become unconditional by receipt of final payment, the Master Trust shall reimburse the Master Trustee upon demand for the amount of such conditional credits so used. When the Master Trustee is instructed to receive property, it is authorized to accept documents in lieu of such property as long as such documents contain the agreement of the issuer thereof to hold such property subject to the Master Trustee's sole order. The Master Trustee may, in its discretion, advance funds to the Master Trust to facilitate the settlement of any trade. In the event of such an advance, the Master Trust shall immediately reimburse the Master Trustee for the amount thereof.
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Settlement of Securities Transactions. I authorize Domain Money as my agent to instruct Georgia Banking Company to initiate fund transfers from the Cash Account to settlement accounts held at Georgia Banking Company for the purposes of settling my securities purchases with Domain Money and the sellers of such securities. Such transfers may be on a one-time or recurring basis, depending on the nature of my purchase transaction. I also acknowledge that the cash proceeds of any securities will only be transferred to the Cash Account, but that I may withdraw such proceeds as provided above.
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Settlement of Securities Transactions. The Xxxxxxx XX and the Trustee hereby acknowledge that when the Trustee is instructed to delivery property against payment, delivery of the property and receipt of payment may not be simultaneous. In any such case, the risk of non-receipt of payment shall be the Trust’s and the Trustee shall have no liability if payment is not received. All credit to the Trust of the anticipated proceeds of sales and redemptions of property and of anticipated income from property shall be conditional upon receipt by the Trustee of final payment and may be reversed to the extent final payment is not received. The Trustee or one of its affiliates may, in its discretion, advance funds to the Trust to facilitate the settlement of any transaction. In the event of such an advance, the Trust shall immediately reimburse the Trustee or its affiliates, as the case may be, for the amount of such advance.
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Related to Settlement of Securities Transactions

  • Securities Transactions The Subadviser and any affiliated person of the Subadviser will not purchase securities or other instruments from or sell securities or other instruments to the Fund; provided, however, the Subadviser or any affiliated person of the Subadviser may purchase securities or other instruments from or sell securities or other instruments to the Fund if such transaction is permissible under applicable laws and regulations, including, without limitation, the 1940 Act and the Advisers Act and the rules and regulations promulgated thereunder. The Subadviser, on its own behalf and with respect to its Access Persons (as defined in subsection (e) of Rule 17j-1 under the 1940 Act), agrees to observe and comply with Rule 17j-1 and its Code of Ethics (which shall comply in all material respects with Rule 17j-1), as the same may be amended from time to time. On at least an annual basis, the Subadviser will comply with the reporting requirements of Rule 17j-1, which may include either (i) certifying to the Adviser that the Subadviser and its Access Persons have complied with the Subadviser’s Code of Ethics with respect to the Subadviser Assets or (ii) identifying any violations which have occurred with respect to the Subadviser Assets. The Subadviser will have also submitted its Code of Ethics for its initial approval by the Board of Trustees no later than the date of execution of this agreement and subsequently within six months of any material change thereto.

  • Prior Securities Transactions No securities of the Company have been sold by the Company or by or on behalf of, or for the benefit of, any person or persons controlling, controlled by, or under common control with the Company since the date of the Company’s formation, except as disclosed in the Registration Statement.

  • Receipt of Securities; Subcustodians (i) PFPC Trust shall hold all securities received by it for the Account in a separate account that physically segregates such securities from those of any other persons, firms or corporations, except for securities held in a Book-Entry System or through a sub-custodian or depository. All such securities shall be held or disposed of only upon Written Instructions of the Fund pursuant to the terms of this Agreement. PFPC Trust shall have no power or authority to assign, hypothecate, pledge or otherwise dispose of any such securities or investment, except upon the express terms of this Agreement or upon Written Instructions authorizing the transaction. In no case may any member of the Fund's board of directors, or any officer, employee or agent of the Fund withdraw any securities. At PFPC Trust's own expense and for its own convenience, PFPC Trust may enter into sub-custodian agreements with other banks or trust companies to perform duties described in this sub-section (c) with respect to domestic assets. Such bank or trust company shall have an aggregate capital, surplus and undivided profits, according to its last published report, of at least one million dollars ($1,000,000), if it is a subsidiary or affiliate of PFPC Trust, or at least twenty million dollars ($20,000,000) if such bank or trust company is not a subsidiary or affiliate of PFPC Trust. In addition, such bank or trust company must be qualified to act as custodian and agree to comply with the relevant provisions of applicable rules and regulations. Any such arrangement will not be entered into without prior written notice to the Fund (or as otherwise provided in the 1940 Act). In addition, PFPC Trust may enter into arrangements with sub-custodians with respect to services regarding foreign assets. Any such arrangement will not be entered into without prior written notice to the Fund (or as otherwise provided in the 1940 Act). PFPC Trust shall remain responsible for the acts and omissions of any sub-custodian chosen by PFPC Trust under the terms of this sub-section (c) to the same extent that PFPC Trust is responsible for its own acts and omissions under this Agreement.

  • Replacement of Securities upon Reorganization, etc In case of any reclassification or reorganization of the outstanding shares of Common Stock (other than a change covered by Section 4.1 or 4.2 hereof or that solely affects the par value of such shares of Common Stock), or in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation or merger in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding shares of Common Stock), or in the case of any sale or conveyance to another corporation or entity of the assets or other property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the Warrant holders shall thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions specified in the Warrants and in lieu of the shares of Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount of shares of stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer, that the Warrant holder would have received if such Warrant holder had exercised his, her or its Warrant(s) immediately prior to such event; and if any reclassification also results in a change in shares of Common Stock covered by Section 4.1 or 4.2, then such adjustment shall be made pursuant to Sections 4.1, 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers.

  • Treatment of Securities The Company will treat the Securities as indebtedness, and the amounts, other than payments of principal, payable in respect of the principal amount of such Securities as interest, for all U.S. federal income tax purposes. All payments in respect of the Securities will be made free and clear of U.S. withholding tax to any beneficial owner thereof that has provided an Internal Revenue Service Form W-9 or W-8BEN (or any substitute or successor form) establishing its U.S. or non-U.S. status for U.S. federal income tax purposes, or any other applicable form establishing a complete exemption from U.S. withholding tax.

  • Payment of Securities 30 SECTION 4.02.

  • Delivery or Sale of Securities; Settlement of Accounts Upon termination of each AAU, or prior thereto at the Manager’s discretion, the Manager will deliver to you any Securities paid for by you pursuant to Article VI hereof and held by the Manager for sale pursuant to Section 3.4 or 3.5 hereof but not sold and paid for and any Securities or Other Securities that are held by the Manager for your account pursuant to the provisions of Article V hereof or any Intersyndicate Agreement. Notwithstanding the foregoing, at the termination of such AAU, if the aggregate initial Offering Price of any such Securities and the aggregate purchase price of any Other Securities so held and not sold and paid for does not exceed an amount equal to 20% of the aggregate initial Offering Price of the Securities, the Manager may, in its discretion, sell such Securities and Other Securities for the accounts of the several Underwriters, at such prices, on such terms, at such times, and in such manner as it may determine. Within the period specified by applicable FINRA Rules or, if no period is so specified, as soon as practicable after termination of such AAU, your account will be settled and paid. The Manager may reserve from distribution such amount as the Manager deems advisable to cover possible additional expenses. The determination by the Manager of the amount so to be paid to or by you will be final and conclusive. Any of your funds under the Manager’s control may be held with the Manager’s general funds without accountability for interest. Notwithstanding any provision of this Master AAU other than Section 10.11 hereof, upon termination of each AAU, or prior thereto at the Manager’s discretion, the Manager may: (i) allocate to the accounts of the Underwriters the expenses described in Section 7.2 hereof and any losses incurred upon the sale of Securities or Other Securities pursuant to the applicable AAU or any Intersyndicate Agreement (including any losses incurred upon the sale of securities referred to in Section 5.4(ii) hereof), (ii) deliver to the Underwriters any unsold Securities or Other Securities purchased pursuant to Section 5.1 hereof or any Intersyndicate Agreement, and (iii) deliver to the Underwriters any unsold Securities purchased pursuant to the applicable Underwriting Agreement, in each case in the Manager’s discretion. The only limitations on such discretion will be as follows: (a) no Underwriter that is not the Manager or a Co-Manager will bear more than its share of such expenses, losses, or Securities (such share will not exceed such Underwriter’s Underwriting Percentage and will be determined pro rata among all such Underwriters based on their Underwriting Percentages), (b) no such Underwriter will receive Securities that, together with any Securities purchased by such Underwriter pursuant to Article VI (but excluding any Securities that such Underwriter is required to repurchase pursuant to Section 5.2 hereof) exceed such Underwriter’s Original Underwriting Obligation, and (c) no Co-Manager will bear more than its share of such expenses, losses, or Securities (such share to be determined pro rata among the Manager and all Co-Managers based on their Underwriting Percentages). If any Securities or Other Securities returned to you pursuant to clause (ii) or (iii) above were not paid for by you pursuant to Article VI hereof, you will pay to the Manager an amount per security equal to the amount set forth in clause (i) of Article VI, in the case of Securities returned to you pursuant to clause (iii) above, or the purchase price of such securities, in the case of Securities or Other Securities returned to you pursuant to clause (ii) above.

  • Replacement of Securities If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation), or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction. The applicant for a new certificate or instrument under such circumstances shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement Securities.

  • Acquisition of Securities The Company shall not, and shall cause its Affiliates not to, resell or otherwise dispose of any Securities acquired by them, in the open market or otherwise, and shall, and shall cause its Affiliates to, surrender all such Securities acquired to the Trustee for cancellation.

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