Contractual Settlement definition

Contractual Settlement has the meaning given to it in Section 5.2.

Contractual Settlement. As defined in clause 7.1

Contractual Settlement has the meaning given to it in Section Error! Reference source not found..

Examples of Contractual Settlement in a sentence

• The Custodian may reverse any Contractual Settlement credit at any time before actual receipt of the cash payment associated with the credit if the Custodian determines, in its reasonable judgement, that such payment will not be received within 30 days for that transaction or if the Custodian suspends or terminates the provision of Contractual Settlement for those Securities in that market.

• The AP must also make available on or before the Contractual Settlement Date, by means satisfactory to each Trust, immediately available or same day funds estimated by each Trust to be sufficient to pay the Cash Component next determined after acceptance of the Purchase Order, together with the applicable purchase Transaction Fee.

• The Custodian will credit such amounts to the Cash Account of the Client as received, except where Contractual Settlement applies.

• The Participant understands that a Creation Unit will not be issued until the requisite Deposit Instruments, the Cash Balancing Amount (including, where applicable, cash in the amount required for a cash purchase) and the Cash Component, including applicable transaction fees, are transferred to the Trust on or before the Contractual Settlement Date for the Order.

• The Participant hereby agrees to ensure that the Cash Balancing Amount and/or Cash Component will be received by the Trust in immediately available same day funds on or before the Contractual Settlement Date as may be designated by the Trust.

• Where Contractual Settlement applies, the Custodian will credit or debit the appropriate Cash Account on the contractual settlement date or payable date for the relevant transaction.

• Each Trust will also make available on the International Contractual Settlement Date, immediately available or same day funds sufficient to pay the Cash Component next determined after acceptance of the Redemption Order, less the applicable Transaction Fee (as described in the Prospectus).

• The Custodian can terminate or suspend Contractual Settlement for markets, securities or particular clients at any time.

• Except as otherwise provided below regarding Contractual Settlement, the Custodian will credit or debit the appropriate Cash Account on an actual settlement or payment basis.

• The “International Contractual Settlement Date” of an International Fund is the earlier of (i) the date upon which all of the Deposit Securities are delivered to the AP or (ii) the latest day for settlement on the customary settlement cycle in the jurisdiction(s) where the any of the securities of such International Fund are customarily traded.

More Definitions of Contractual Settlement

Contractual Settlement means the market convention whereby the parties to a transaction in bonds have a contractual obligation to cause such transaction to be settled on the settlement day;

Contractual Settlement has the meaning given to it in Section.

Contractual Settlement only by providing the notice set forth in Section 11.2 of this Agreement and only on the 1st day of a month.