OTC Clear Payment Instruction Value Forward Day definition

OTC Clear Payment Instruction Value Forward Day means an instruction generated by CHATS upon receipt of an OTC Clear Debit Request transmitted by OTC Clear for the effecting of a payment to settle an obligation of a Member or one of its customers which is not a Member to OTC Clear by paying into the CHATS Ledger Account of a bank Member designated by OTC Clear in accordance with the Operating Procedures for value through CHATS as of the Supported Forward Day referred to in the OTC Clear Debit Request.
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Related to OTC Clear Payment Instruction Value Forward Day

  • Maximum Settlement Amount means the maximum amount The Company is required to pay pursuant to this Settlement, which is the sum of Seven Hundred and Fifty Thousand Dollars ($750,000.00), inclusive of 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.

  • SPS Redemption Valuation Date means the Settlement Price Date.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

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

  • Final Redemption Value means the Underlying Reference Value.

  • Available Amount of any Letter of Credit means, at any time, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing).