Cash Settlement Bank definition

Cash Settlement Bank means a bank licensed and authorized under the laws of the Philippines and designated by the CD Holder as the bank with which the CD Holder's Cash Settlement Account is maintained, such designation to be made in accordance with the procedures of the Paying Agent;
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Cash Settlement Bank means a bank licensed and authorized under the laws of the Philippines and designated by the CD Holder as the bank with which the CD Holder's Cash Settlement
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Cash Settlement Bank means a bank licensed and authorized under the laws of the Republic of the Philippines and designated by the Bondholder as the bank with which the Bondholder's Cash Settlement Account is maintained, such designation to be made in accordance with the procedures of the Paying Agent.
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Examples of Cash Settlement Bank in a sentence

  • The Paying Agent shall pay, or cause to be paid, on behalf of the Bank on or before 12:00 p.m. on each Payment Date the total amounts due in respect of the EW CDs Due 2022 through a direct credit (via RTGS) of the proper amounts, net of taxes and fees (if any) to the Cash Settlement Banks of the CD Holders, for onward remittance to the relevant Cash Settlement Account of the CD Holders with the Cash Settlement Bank no later than 3:00 p.m. on each Payment Date.

  • A Cash Settlement Bank shall continue to function as such until otherwise notified by PDEx.

  • The eDvP System shall validate the updated information with affected Cash Settlement Bank and the Depository and PDEx shall confirm the requested update upon receipt of appropriate documentation and confirmation from the applicable Cash Settlement Bank and the Depository regarding the validity of the information.

  • STEP 2-B: Cash Settlement Bank and Account Details (This shall be filled up by the TP Sponsor and shall be signed by the assigned PDS-Accredited Cash Settlement Bank.

  • The Paying Agent shall pay, or cause to be paid, on behalf of the Bank on or before 12:00 p.m. on each Payment Date the total amounts due in respect of the EW CDs Due 2023 through a direct credit (via RTGS) of the proper amounts, net of taxes and fees (if any) to the Cash Settlement Banks of the CD Holders, for onward remittance to the relevant Cash Settlement Account of the CD Holders with the Cash Settlement Bank no later than 3:00 p.m. on each Payment Date.

  • The fees are accumulated and are debited monthly in each currency to the appropriate Cash Settlement Bank Account.

  • Fees and charges, if any, of the designated Cash Sett lement Bank shall be for the account of the Security Holder.The Security Holder understands and agrees that any transaction on the securities which utilizes the services of PDTC as the Registrar and Paying Agent, Underwriter/Broker, Cash Settlement Bank, or PDEx, and/or any service provider, as the case may be, may be subject to such fees and charges for which the Security Holder or its counterparty may be accountable.

  • The Paying Agent shall pay, or cause to be paid, on behalf of the Bank on or before 12:00 p.m. on each Payment Date the total amounts due in respect of the UCPB CDs through a direct credit (via RTGS) of the proper amounts, net of taxes and fees (if any) to the Cash Settlement Banks of the CD Holders, for onward remittance to the relevant Cash Settlement Account of the CD Holders with the Cash Settlement Bank no later than 3:00 p.m. on each Payment Date.

  • The Paying Agent shall pay, or cause to be paid, on behalf of the Bank on or before 12:00 p.m. on each Payment Date the total amounts due in respect of the LTNCDs through a direct credit (via RTGS) of the proper amounts, net of taxes and fees (if any) to the Cash Settlement Banks of the CD Holders, for onward remittance to the relevant Cash Settlement Account of the CD Holders with the Cash Settlement Bank no later than 3:00 p.m. on each Payment Date.

  • The Paying Agent shall pay, or cause to be paid, on behalf of the Bank on or before 12:00 p.m. on each Payment Date the total amounts due in respect of the UCPB Series 2 CDs through a direct credit (via RTGS) of the proper amounts, net of taxes and fees (if any) to the Cash Settlement Banks of the CD Holders, for onward remittance to the relevant Cash Settlement Account of the CD Holders with the Cash Settlement Bank no later than 3:00 p.m. on each Payment Date.


More Definitions of Cash Settlement Bank

Cash Settlement Bank means a bank licensed and authorized under the laws of the
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Cash Settlement Bank means a bank licensed and authorized under the laws of the Philippines and designated by the XX Xxxxxx as the bank with which the XX Xxxxxx'x Cash Settlement Account is maintained, such designation to be made in accordance with the procedures of the Paying Agent.
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Cash Settlement Bank means a bank licensed and authorized under the laws of the Philippines and designated by a LTNCD Holder as the bank with which such LTNCD Holder’s Cash Settlement Account is maintained, such designation to be made in accordance with the procedures of the Paying Agent;
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Related to Cash Settlement Bank

  • Settlement Bank means a participant whose PM account or sub-account is used to settle AS payment instructions,

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Disruption Cash Settlement Price means in respect of each Security, an amount in the Settlement Currency equal to the fair market value of the Share Amount (taking into account, where the Settlement Disruption Event affected some but not all of the Shares comprising the Share Amount and such non-affected Shares have been duly delivered as provided above, the value of such Shares), less the cost to the Issuer of unwinding any underlying related hedging arrangements, all as determined by the Issuer.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Viatical settlement broker means a person, including a life insurance producer as provided for in section 508E.3, who, working exclusively on behalf of a viator and for a fee, commission, or other valuable consideration, offers or attempts to negotiate viatical settlement contracts between a viator and one or more viatical settlement providers or one or more viatical settlement brokers. Notwithstanding the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator, and not the insurer or the viatical settlement provider, and owes a fiduciary duty to the viator to act according to the viator’s instructions and in the best interest of the viator. “Viatical settlement broker” does not include an attorney, certified public accountant, or a financial planner accredited by a nationally recognized accreditation agency who is retained to represent the viator and whose compensation is not paid directly or indirectly by the viatical settlement provider or purchaser.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Viatical settlement provider means a person, other than a viator, who enters into or effectuates a viatical settlement contract. Viatical settlement provider does not include:

  • Daily Settlement Price means the settlement price for a Swap calculated each Business Day by or on behalf of BSEF. The Daily Settlement Price can be expressed in currency, spread, yield or any other appropriate measure commonly used in swap markets.

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Currency Determination Agent means the agent, if any, from time to time selected by the Trustee for purposes of Section 3.10; provided that such agent shall accept such appointment in writing and the terms of such appointment shall be acceptable to the Company and shall, in the opinion of the Company and the Trustee at the time of such appointment, require such agent to make the determinations required by this Indenture by a method consistent with the method provided in this Indenture for the making of such decision or determination.

  • Settlement Amount has the meaning specified in Section 14.02(a)(iv).

  • Mandatory Settlement Date means the earliest of:

  • Early Settlement Date has the meaning specified in Section 5.9(a).

  • Termination Settlement Date means, for any Terminated Obligation, the date customary for settlement, substantially in accordance with the then-current market practice in the principal market for such Terminated Obligation (as determined by the Calculation Agent), of the sale of such Terminated Obligation with the trade date for such sale occurring on the related Termination Trade Date.

  • Remarketing Settlement Date means the date of the settlement of any Successful Remarketing, which will be three Business Days after such Remarketing.

  • Final Settlement Date has the meaning set forth in Section 2.4(c).

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.