Transaction Procedure. All transactions will be executed through the custodian. Deposits and withdrawals of cash and/or securities will be made by the Client with the Custodian. Adviser shall not act as custodian for the Account and shall not take possession of cash and/or securities of the Account. Adviser shall not be responsible for any loss incurred by reason of any act or omission of any broker or dealer or the Custodian. Client shall not withdraw or deposit cash and/or securities in the Account without simultaneously informing Adviser.
Transaction Procedure a. All transactions will be consummated by payments to, or delivery by, Client, or such other party as Client may designate in writing (the "Custodian"), of all cash and/or securities due to or from the Account. Adviser shall not act as custodian for the Account and shall not take possession of cash and/or securities of the Account. Adviser shall not be responsible for any loss incurred by reason of any act or omission of any broker or dealer or the Custodian. Client shall not withdraw or deposit cash and/or securities in the Account without simultaneously informing Adviser.
Transaction Procedure a) Should the Parties come to an agreement regarding a transaction, the Seller or Buyer shall record that agreement on a Confirmation and communicate such Confirmation in accordance with Section 29 – Notice.
Transaction Procedure. (i)The parties agree that the essential terms of each Transaction to be entered into hereunder may be orally agreed upon over the telephone, in writing via email or instant messaging system, and in accordance with any other method customary for commodity transactions of the type proposed.
Transaction Procedure. When, from time to time, Customer and Company verbally agree upon all terms of a Transaction including, but not limited to, determination of Buyer and Seller, Contract Price, DCQ or MaxDQ and MinPQ, Period of Delivery, Delivery Point, amount and type of security to be delivered, and timing for delivery thereof, such Transaction shall be legally binding and enforceable, regardless of whether or not such Transaction has been reduced to written form or signed by the Parties.
Transaction Procedure. Provider’s side sends DOA for buyer to complete in full with supporting Coporate Undertaking letter and verfiable RWA buyer’s bank letter confirming the buyer has financial capacity and the bank is ready to issue bank undertaking of the required amount. In the event of non-performance (including delays or delivery of Bank Undertaking or any payment demand) to pay to the Provider and to the respective Consultants 1.0% for provider and 0.5% for involved consultants (one and a half percent) of the face value of instrument. Timing is adhered to from both parties in the transaction. • Receiver sends back completed documents as requested. • After successful verfication of agreement, (at Provider’s discretion) coporate undertaking and RWA from buyer’s bank, from Provider’s own due diligence and satisfaction, the Provider executes in the DOA in full, signs and initials advised Deed of Agreement, which thereby automatically becomes a full commercial recourse contract to be lodged by both partiesfor initiation of the Swift Transmission. The Receiver provides a corporate letter of undertaking confirming they have set aside commission fees of 1.0% for sell side and 1.0% for buy side consultants (total Two Percent of face value) of the face value () of the SBLC requested. • Within three (3) working days after the Receiver receives contract documents, the Receiver will send by direct Bank Undertaking Swift MT799 10% (Ten percent) of the face value into the Provider’s designated bank coordinates for the receiving of the Bank Undertaking MT799. • Within Five (5) banking days after confirmation and acceptance of receipt of the Bank Undertaking from the receiver of the SBLC via Swift MT799 in Provider’s bank account, the Provider will deliver the SBLC via Bank to Bank confirmation MT799 followed by MT760 to the Receiver’s banker including the hard copy of the BG/SBLC via bank bonded courier in Seven (7) banking days. • Receiver paysfees of 8% by Swift MT103 to the Provider (Providers designated bank account) and 4% consultants commission fees (Consultants designated accounts) of total BG / SBLC Face Value by wire transfer within Three-Ten (3-10) banking days upon delivery, confirmation and verification of SBLC by MT760 in the Receiver’s nominated account and SBLC hard copy in the Receiver’s nominated bank. • Provider confirms upon receipt of full payment is made by MT103, of fees of 8% to the Provider and 4% Consultant fees, the Bank Undertaking will be cancelled immediatel...
Transaction Procedure. Party A issues, signs and sends this Agreement along with banking information and full package of compliance documents listed as below by electronic mail (“Email”) to Party B:
Transaction Procedure. PURCHASING
Transaction Procedure. The term "Transaction" refers to any agreement for the purchase or sale of Coal between Enron North America Corp. (“ENA”) and the "Counterparty" (the party other than ENA) (each a "Party"), entered into pursuant to these General Terms and Conditions. The special terms and conditions of a particular Transaction for the sale or purchase of Coal, including but not limited to, the descriptions of payment terms, price, quantity/tolerance, specifications, delivery location and delivery schedule shall be as set forth on this website ("Special Terms and Conditions"). Such Special Terms and Conditions, together with these General Terms and Conditions, constitute the Parties' entire agreement as to a particular Transaction and override and take the place of any terms or conditions emanating from or referred to by Counterparty. As used herein, the term "this Agreement" means the Special Terms and Conditions evidencing a particular Transaction in issue, of which these General Terms and Conditions are a part. All capitalized terms used herein which are not defined herein shall have the meanings given to them in the Special Terms and Conditions or any written confirmation relating to the Transaction. The term "Seller" shall mean the Party agreeing to sell and deliver Coal to Buyer, and the term "Buyer" shall mean the Party agreeing to purchase and receive Coal from Seller.
