Transaction Settlement. This BB&T Securities Account Agreement designates that You will settle all transactions through Your cash sweep. You agree that on settlement date, BB&T Securities may debit Your cash sweep by liquidating funds from the Insured Deposit Program or shares in a money market mutual fund if applicable for payment of all securities purchased for Your account. BB&T Securities will also credit that cash sweep by depositing funds into the Insured Deposit Program or a money market mutual fund if applicable with proceeds from the sales of securities. If You choose to purchase securities on a cash basis by notifying Your financial advisor, You agree to pay for the securities by the settlement day. We may require a deposit or full payment before we accept Your order. With respect to cash accounts, You will promptly make full payment of any amount when it becomes due prior to selling any security, and You will promptly make full cash payment of any amount which may become due in order to meet necessary requests for additional deposits or, with respect to any unissued security purchased or sold, to xxxx to the market. BB&T Securities must receive good funds sufficient to fully cover purchases of securities before the close of business on settlement date. If sufficient funds are not in Your account on settlement date, Your trade may be liquidated or offset at the option of and in the full discretion of BB&T Securities. BB&T Securities shall not incur any liability whatsoever to You for such action. You shall be responsible for any loss. If You fail to elect an option for settlement, proceeds from the sales of securities may be maintained uninvested as free cash balances, which may or may not earn any interest in the BB&T Securities Account.
Transaction Settlement. A. BlueSnap or Acquirer may deduct the value of any Chargebacks, Refunds, adjustments, applicable Interchange, assessments, fees, fines (including those imposed by the Card Organizations), rejected Transactions and suspended Transactions, amounts payable to third parties pursuant to instructions in accordance with the Card Organization Rules, other ad hoc charges, where such settlement funds are required to be genuinely reimbursed to Merchant in respect of transaction data that is provided to Acquirer, and any other amounts then due from Merchant.
Transaction Settlement. Subject to the terms and conditions in these Terms, we will use commercially reasonable eIorts to settle transactions on a spot basis. However, owing to challenges of blockchain emerging technology and other out of control situations we may make reasonable eIorts to ensure the validation of transactions however subject to limitation of blockchain and distributed ledger technology network congestion.
Transaction Settlement. (a) During the period commencing on the date hereof and until the earlier of (i) the termination of the obligations of IPS and Company in respect of any IPS Funds Transfer Service transaction as specified in Section 9.1(b) and (ii) the date 30 days after the date Company has obtained all State Licenses necessary to offer the Consumer Money Wire Transfer Services and conduct the Business in its own name, IPS shall, subject to Section 3.1(g), be responsible for the administrative function of collecting all sums due from MoneyGram Agents under Agent Contracts and the payment of all Fiduciary Funds in respect of completed IPS Funds Transfer Service transactions in accordance with the terms of the Agent Contracts.
(b) Each Business Day, IPS shall notify Company of the following items related to IPS Funds Transfer Service transactions effected during the immediately preceding Business Day (and, if applicable, any intervening non- Business Day or Days): (i) the aggregate amount received by MoneyGram Agents from customers in respect of all IPS Funds Transfer Service transactions, (ii) the aggregate amount of all Fiduciary Funds related to such transactions and (iii) the aggregate amount of fees paid by customers related to such transactions.
(c) Each Business Day, IPS shall deliver to Company, in U.S. dollars by automated clearing house or wire transfer to an account specified by Company, an amount equal to the amount set forth in respect of clause (iii) of Section 3.1(b).
(d) Company shall pay all fees and any foreign exchange revenues due to MoneyGram Agents under the Agent Contracts on a timely basis in accordance with the terms of such Agent Contracts.
(e) The Parties shall agree from time to time on operational procedures to implement the payment obligations under Section 3.1(c) in a timely, efficient and prudent manner.
(f) Company acknowledges that all amounts representing Fiduciary Funds are funds of IPS to be held on behalf of IPS until such time as they are disbursed by a MoneyGram Agent to the recipient thereof. Company and MoneyGram Agents shall have a fiduciary duty to IPS with respect to such Fiduciary Funds. Company shall take appropriate steps on its own initiative and as reasonably requested by IPS to ensure that MoneyGram Agents are clearly aware of their responsibilities with respect to such Fiduciary Funds and properly handle such Fiduciary Funds.
(g) Any amounts paid by IPS to MoneyGram Agents or customers with respect to any IPS Funds Transfe...
Transaction Settlement. 5.1 Unless otherwise agreed, in respect of each sale and purchase transaction executed on the Client's behalf, the Client will by the due date make payment to the Company against delivery of or credit to the Account(s) for purchased securities, or make good delivery of sold securities to the Company against payment, as the case may be.
5.2 Unless otherwise agreed, the Client agrees that should the Client fail to make such payment or delivery of securities by the due date as mentioned in Clause 5.1, the Company is hereby authorized to:
(1) in the case of a purchase transaction, to transfer or sell any such purchased securities to satisfy the Client's obligations to the Company; or
(2) in the case of a sale transaction, to borrow and/or purchase such securities to satisfy the Client's obligations to the Company.
5.3 The Client hereby acknowledges that the Client shall be responsible to the Company for any loss, costs, fees and expenses incurred by the Company in connection with the Client's failure to meet his obligations by the due date as described in Clause 5.1.
5.4 The Account(s) shall be in Hong Kong Dollars or such other currencies as the Company may agree from time to time and in the event that the Client instructs the Company to effect any sale or purchase of securities in a currency other than Hong Kong Dollars, any profit or loss arising as a result of fluctuation in the exchange rate of the relevant currencies will be for the account of the Client solely. Any conversion from one currency into another required to be made for performing any action or step taken by the Company under this Agreement may be effected by the Company in such manner and at such time as it may in its absolute discretion decide.
5.5 All payments to be made by the Client to the Company in a currency other than Hong Kong Dollars shall be in freely transferable and immediately available funds clear of any taxes, charges or payments of any nature when received by the Company.
Transaction Settlement. 6.1 Unless otherwise agreed, in respect of each sale and purchase transaction executed on the Client’s behalf, unless the Company is already holding cash or securities on the Client’s behalf to settle the transaction, the Client will:
(a) pay the Company cleared funds or deliver to it securities in deliverable form; or
(b) otherwise ensure that the Company has received such funds or securities; by such time as the Company has notified (whether verbally or in writing) the Client in relation to the relevant transaction.
6.2 Unless otherwise agreed, the Client agrees that should the Client fail to make such payment or delivery of securities by the due date as mentioned in Clause 6.1, the Company is hereby authorized to:
(a) in the case of a purchase transaction, to transfer or sell any such purchased securities to satisfy the Client’s obligations to the Company; or
(b) in the case of a sale transaction, to borrow and/or purchase such securities to satisfy the Client’s obligations to the Company.
6.3 The Client hereby acknowledges that the Client shall be responsible to the Company for any loss, costs, fees and expenses incurred by the Company in connection with the Client’s failure to meet his obligations by the due date as described in Clause 6.1.
Transaction Settlement. If BitGo Prime and Counterparty have agreed to terms (size, price and Digital Asset) through the Trading System, the Transaction is binding and final unless both Parties agree in writing otherwise. All Transactions shall utilize and be settled through the BitGo Trust Settlement Services. In agreeing to terms of a Transaction, Counterparty further agrees to use Trading System to submit a settlement request to BitGo Trust that identifies BitGo Prime as the Settlement Partner and shall include the relevant terms of the Transaction including: the type of Digital Asset purchased or sold; the delivery time; and the purchase or sale price. BitGo Prime agrees to submit a corresponding and offsetting settlement request to BitGo Trust. Transactions may be settled on an aggregated or net basis.
Transaction Settlement. 6.1 Unless otherwise agreed, in respect of each sale and purchase transaction executed on the Client’s behalf, unless the Company is already holding cash or securities on the Client’s behalf to settle the transaction, the Client will:
Transaction Settlement. Bank shall handle Settlement for all Cards on a net settlement basis (the “Settlement System”). To facilitate the Settlement System, Bank has established, will establish or will direct Servicer to establish and may in the future establish or direct Servicer to establish one or more accounts at Bank, in accordance with Schedule A.
Transaction Settlement. In accordance with these terms and conditions, we will make reasonable commercial efforts within two (2) days from the date of the user's transaction through our services in order to settle the transaction on time.
