Common use of The Settlement Date Clause in Contracts

The Settlement Date. The Presenting Agent's commission, determined as provided in Schedule I to the Agreement. The Issuer will advise the Trustee of the foregoing information for each offer to purchase a Note solicited by the Presenting Agent and accepted by the Issuer in time for the Trustee to prepare and authenticate the required Note, but not later than 10:00 a.m. New York City time on the second Business Day preceding the Settlement Date. Before accepting any offer to purchase a Note to be settled in less than three Business Days, the Issuer shall verify that the Trustee will have adequate time to prepare and authenticate such Note. After receiving from the Presenting Agent the details for each offer to purchase a Note, the Issuer will, after recording the details and any necessary calculations, provide appropriate documentation to the Trustee, including the information provided by the Presenting Agent necessary for the preparation and authentication of such Note. Prior to preparing the Note for delivery (but in any case no later than 10:00 a.m. on the Business Day next preceding the Settlement Date therefor), the Trustee will confirm the details of such issue with the Issuer, and the Issuer will confirm such instruction to the Presenting Agent, in each case by telephone, telecopy or telex. Deliveries and Cash Payment: Upon receipt of appropriate documentation and instructions with respect to the Notes, the Issuer will cause the Trustee to prepare and authenticate the form of Note previously approved by the Issuer, the Presenting Agent and the Trustee and deliver such Note and a customer receipt to the purchaser. If the form of Note is not pre-printed, the Trustee shall deliver a photocopy of such authenticated Note to the Presenting Agent and the Issuer and shall retain one copy. Otherwise, it shall deliver the copies in the four-ply Note as follows:

The Settlement Date. The Presenting Agent's ’s commission, determined as provided in Schedule I to the Agreement. The Issuer will advise the Trustee of the foregoing information for each offer to purchase a Note solicited by the Presenting Agent and accepted by the Issuer in time for the Trustee to prepare and authenticate the required Note, but not later than 10:00 a.m. New York City time on the second Business Day preceding the Settlement Date. Before accepting any offer to purchase a Note to be settled in less than three Business Days, the Issuer shall verify that the Trustee will have adequate time to prepare and authenticate such Note. After receiving from the Presenting Agent the details for each offer to purchase a Note, the Issuer will, after recording the details and any necessary calculations, provide appropriate documentation to the Trustee, including the information provided by the Presenting Agent necessary for the preparation and authentication of such Note. Prior to preparing the Note for delivery (but in any case no later than 10:00 a.m. on the Business Day next preceding the Settlement Date therefor), the Trustee will confirm the details of such issue with the Issuer, and the Issuer will confirm such instruction to the Presenting Agent, in each case by telephone, telecopy or telex. Deliveries and Cash Payment: Upon receipt of appropriate documentation and instructions with respect to the Notes, the Issuer will cause the Trustee to prepare and authenticate the form of Note previously approved by the Issuer, the Presenting Agent and the Trustee and deliver such Note and a customer receipt to the purchaser. If the form of Note is not pre-printed, the Trustee shall deliver a photocopy of such authenticated Note to the Presenting Agent and the Issuer and shall retain one copy. Otherwise, it shall deliver the copies in the four-ply Note as follows:

The Settlement Date. The Presenting Agent's commission, determined as provided in Schedule I to the Agreement. The Issuer will advise the Trustee of the foregoing information for each offer to purchase a Note solicited by the Presenting Agent and accepted by the Issuer in time for the Trustee to prepare and authenticate the required Note, but not later than 10:00 a.m. New York City time on the second Business Day preceding the Settlement Date. Before accepting any offer to purchase a Note to be settled in less than three Business Days, the Issuer shall verify that the Trustee will have adequate time to prepare and authenticate such Note. After receiving from the Presenting Agent the details for each offer to purchase a Note, the Issuer will, after recording the details and any necessary calculations, provide appropriate documentation to the Trustee, including the information provided by the Presenting Agent necessary for the preparation and authentication of such Note. Prior to preparing the Note for delivery (but in any case no later than 10:00 a.m. on the Business Day next preceding the Settlement Date therefor), the Trustee will confirm the details of such issue with the Issuer, and the Issuer will confirm such instruction to the Presenting Agent, in each case by telephone, telecopy or telex. Deliveries and Cash Payment: Upon receipt of appropriate documentation and instructions with respect to the Notes, the Issuer will cause the Trustee to prepare and authenticate the form of Note previously approved by the Issuer, the Presenting Agent and the Trustee and deliver such Note and a customer receipt to the purchaser. If the form of Note is not pre-printed, the Trustee shall deliver a photocopy of such authenticated Note to the Presenting Agent and the Issuer and shall retain one copy. Otherwise, it shall deliver the copies in the four-ply Note as follows:: Stub 1--For the Presenting Agent. Stub 2--For the Issuer. Stub 3--For the Trustee. Each Note shall be authenticated on the Settlement Date therefor. The Trustee will authenticate each Note and deliver it to the Presenting Agent (and deliver the stubs as indicated above), all in accordance with written instructions (or oral instructions confirmed in writing, which may be given by telex or telecopy, on the next Business Day) from the Issuer. Upon verification by the Presenting Agent that a Note has been prepared and properly authenticated by the Trustee and registered in the name of the purchaser in the proper principal amount, payment will be made to the Issuer by the Presenting Agent the same day in immediately available funds. Such payment shall be made only upon prior receipt by the Presenting Agent of immediately available funds from or on behalf of the purchaser unless the Presenting Agent decides, at its option, exercised in the sole discretion of such Presenting Agent, to advance its own funds for such payment against subsequent receipt of funds from the purchaser. The Presenting Agent shall immediately notify the Issuer of its decision to advance its own funds for payment against subsequent receipt of funds from a purchaser. Upon delivery of a Note to the Presenting Agent, the Presenting Agent shall promptly deliver such Note to the purchaser. In the event any Note is incorrectly prepared, the Trustee shall promptly issue a replacement Note in exchange for the incorrectly prepared Note.