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. (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.
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.
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. 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. 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. 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.
Transaction Settlement. Subject to other provisions of these Terms and Conditions, the Master Agreement and the Transaction Descriptions, in order to settle the Transactions, the Parties shall make payments under the Transaction(s) in accordance with the agreed Transaction Terms. When calculating the amounts of liabilities and receivables arising from the Transaction Settlement, the Bank rounds the amounts off in accordance with the standard applicable at the interbank market for the given transaction type. Transactions shall be settled through the Customer’s Settlement Accounts maintained with the Bank. If the Customer has more than one Customer’s Settlement Account maintained with the Bank, the Customer shall be obligated to specify, at the time of entering into the Transaction at the latest, which of the Settlement Accounts maintained with the Bank shall serve the purpose of the Transaction Settlement. If, in the course of agreeing on the Transaction Terms, the Customer fails to specify any of the Settlement Accounts, the Transaction Settlement shall be made to the first of the Settlement Accounts specified in the Information Sheet or the Confirmation of the Account Opening that is maintained in the same currency as the currency of the Transaction Settlement. The Customer may replace the Settlement Account maintained with the Bank and indicated in the Information Sheet or the Confirmation of the Account Opening with a different Settlement Account maintained with the Bank no later than two (2) Business Days before the Transaction Settlement. If the replacement referred to in the foregoing sentence occurs at a later time, the Customer shall not be entitled to any incidental benefits for the Bank’s delay in payment under Transaction Settlement in favour of the Customer. The Customer shall be obligated to provide funds on the Customer’s Settlement Account maintained with the Bank in an amount due to the Bank as at the liability maturity date. On the Settlement Date, the Bank shall credit or debit, respectively, the Customer’s Settlement Account maintained with the Bank with the full amount of the Customer’s liability towards the Bank under Transaction Settlement regardless of the amount of the balance available on the Customer’s Settlement Account maintained with the Bank. If, on the Transaction Settlement Date, there are no funds on the Customer’s Settlement Account through which the Transaction Settlement is performed in an amount requested to perform the Transaction Settlement ...
