Common use of Trade Settlement Clause in Contracts

Trade Settlement. Transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. The Customer understands that when the Custodian is instructed to deliver Securities against payment, delivery of such Securities and receipt of payment therefor may not be completed simultaneously. The Customer assumes full responsibility for all risks involved in connection with the Custodian’s delivery of Securities pursuant to Authorized Instructions in accordance with local market practice.

Trade Settlement. Transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. The Customer Company understands that when the Custodian Trustee is instructed to deliver Securities against payment, delivery of such Securities and receipt of payment therefor may not be completed simultaneously. The Customer assumes Company assumes, on behalf of the Trust, full responsibility for all risks involved in connection with the CustodianTrustee’s delivery of Securities pursuant to Authorized Instructions in accordance with local market practice.

Trade Settlement. Transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. The Customer Each Trust understands that when the Custodian is instructed to deliver Securities against payment, delivery of such Securities and receipt of payment therefor may not be completed simultaneously. The Customer Subject to the Custodian’s Standard of Care set forth in Section 9.1, each Trust assumes full responsibility for all risks involved in connection with the Custodian’s delivery of Securities pursuant to Authorized Instructions in accordance with local market practice.

Trade Settlement. Transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. The Customer Client understands that when the Custodian is instructed to deliver Securities against payment, delivery of such Securities and receipt of payment therefor may not be completed simultaneously. The Customer Client assumes full responsibility for all risks involved in connection with the Custodian’s delivery of Securities pursuant to Authorized Instructions in accordance with local market practice.

Trade Settlement. Transactions will be settled using practices customary in the jurisdiction or market where the transaction occurs. The Customer Client understands that when the Custodian is instructed to deliver Securities against payment, delivery of such Securities and receipt of payment therefor may not be completed simultaneously. The Customer assumes full In such cases, the Custodian shall have no responsibility for all risks involved in connection with the Custodian’s nonreceipt of payment or late payment, or nondelivery of Securities or late delivery of Securities pursuant to Authorized Instructions in accordance with local market practiceSecurities.