Trade effective date Sample Clauses
The 'Trade effective date' clause defines the specific date on which the terms of a trade or transaction become legally binding and enforceable between the parties. In practice, this date is often agreed upon during negotiations and is typically specified in the contract or confirmation document. By clearly establishing when the obligations and rights under the trade commence, this clause ensures both parties have a mutual understanding of when their responsibilities begin, thereby reducing the risk of disputes related to timing or performance.
Trade effective date. Subject to SIRE’s Transfer Policy, all sales and Transfers will be effective on the first day of the quarter following a match if 45 days has expired since the offer to sell was posted, and upon fulfillment of all conditions required under the Operating Agreement (for the Transfer of Membership Units). If the offer to sell is posted during the last 45 days of the quarter, the sale will be effective on the first day of the next following quarter, subject to the Transfer Policy. For example, if an offer to sell is submitted between January 1 and February 13, the Transfer will be effective on April 1 if buyer and seller meet the above delivery deadlines. On the other hand, if the offer to sell is posted after February 13, the trade will not be effective until July 1 even if all delivery deadlines are met. When Transferring Membership Units, the Transfer Policy specifies when Transfers are deemed effective for (i) ownership purposes and (ii) for purposes of allocating SIRE’s profits and losses.
Trade effective date. Subject to SIRE’s Transfer Policy, all sales and transfers will be effective on the first day of the quarter following a match if 45 days has expired since the offer to sell was posted, and upon fulfillment of all conditions required under the Operating Agreement (for the OMA-302023-6 11
Trade effective date. All sales and transfers shall be effective upon the first day of each calendar trimester – January 1, May 1, September 1 – following the trimester in which the sale occurred.