When Issued Transactions Clause Samples
When Issued Transactions. In the case of the payment and delivery of securities on a "when issued" basis, CLAY shall remain responsible, as set forth in this Agreement, until necessary and satisfactory payment of funds or delivery of securities has been received by ▇▇▇▇.
When Issued Transactions. In the case of the payment and delivery of securities on a "when issued" basis, ALEX shall remain responsible, as set forth in this Agreement, until necessary and satisfactory payment of funds or delivery of securities has been received by ▇▇▇▇.
When Issued Transactions. In the case of the payment and delivery of securities on a "when issued" basis, Broker shall remain responsible, as set forth in this Agreement, until necessary and satisfactory payment of funds or delivery of securities has been received by BNYCS.