Payment Free of Delivery definition

Payment Free of Delivery or “PFOD” means a transfer of cash without the delivery of securities;

Examples of Payment Free of Delivery in a sentence

  • Delivery versus Payment (DVP) and Receive versus Payment (RVP) transactions, which define an exchange of securities for cash;- Delivery with Payment (DWP) transactions, which defines the delivery of securities from one party to another, together with a cash payment;- Payment Free of Delivery (PFOD) transactions, which define an exchange of cash without the delivery of securities;- Settlement restrictions, which enable the blocking and reservation of cash in a T2S DCA.

  • Payment Free of Delivery – Transfer of funds without a corresponding transfer of securities.

  • The reversal will be materialized via a T2S instruction called” PFOD” (Payment Free of Delivery) to be matched by both custodians.

Related to Payment Free of Delivery

  • Date of Delivery means the date stipulated in the contract for the delivery of the goods.

  • Payment Instruction is as defined in Section 36 of the General Terms, and is further defined as the information provided by you to the Service for a bill payment to be made to the Xxxxxx (such as, but not limited to, Xxxxxx name, Xxxxxx account number, and Scheduled Payment Date).

  • Point(s) of Delivery means the point(s) on the Transmission Provider’s Transmission System where capacity and energy transmitted by the Transmission Provider will be made available to the Receiving Party under Tariff, Part II. The Point(s) of Delivery shall be specified in the Service Agreement for Long-Term Firm Point-To-Point Transmission Service.

  • Termination Delivery Unit means (a) in the case of a Termination Event, an Event of Default or an Extraordinary Event (other than an Insolvency, Nationalization, Merger Event or Tender Offer), one Share or (b) in the case of an Insolvency, Nationalization, Merger Event or Tender Offer, a unit consisting of the number or amount of each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Insolvency, Nationalization, Merger Event or Tender Offer. If a Termination Delivery Unit consists of property other than cash or New Shares and Counterparty provides irrevocable written notice to the Calculation Agent on or prior to the Closing Date that it elects to deliver cash, New Shares or a combination thereof (in such proportion as Counterparty designates) in lieu of such other property, the Calculation Agent shall replace such property with cash, New Shares or a combination thereof as components of a Termination Delivery Unit in such amounts, as determined by the Calculation Agent in its discretion by commercially reasonable means, as shall have a value equal to the value of the property so replaced. If such Insolvency, Nationalization, Merger Event or Tender Offer involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash.

  • Payment Instructions has the meaning set forth in Section 5.2(a) of the Loan Agreement.

  • Final Purchase Price has the meaning set forth in Section 2.02.

  • Additional Purchase Price has the meaning provided in Section 1.2(b).

  • Total Purchase Price means the aggregate amount payable by the Purchaser as set out in Appendix A of this Agreement.

  • Form of Fundamental Change Repurchase Notice means the “Form of Fundamental Change Repurchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A.

  • Delivery Notice Has the meaning specified in the NPA.

  • Payment Notice has the meaning assigned to it in Section 8.06(c).

  • Form of Fundamental Change Purchase Notice means the “Form of Fundamental Change Purchase Notice” attached as Attachment 2 to the Form of Note attached hereto as Exhibit A.

  • NOTICE TO PURCHASERS The information provided is the representation of the Sellers and is based upon the actual knowledge of Sellers as of the date noted. Disclosure by the Sellers is not a substitute for an inspection by an independent home inspection company, and you may wish to obtain such an inspection. The information contained in this statement is not a warranty by the Sellers as to the condition of the property of which the Sellers have no knowledge or other conditions of which the Sellers have no actual knowledge. Rev 03-30-2020 How long have you owned the property? Water Supply Public Well Other Sewage Disposal Public Septic System approved for (# bedrooms) Other Type Garbage Disposal Yes No Dishwasher Yes No Heating Oil Natural Gas Electric Heat Pump Age Other Air Conditioning Oil Natural Gas Electric Heat Pump Age Other Hot Water Oil Natural Gas Electric Capacity Age Please indicate your actual knowledge with respect to the following: Other

  • Optional Purchase Price has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.

  • Sale and Purchase Agreement means all the agreements entered into from time to time (whether before, on or after the date of this Agreement) by the Borrower for the sale of the Units and shall include any one or more or all of the Sale and Purchase Agreements.

  • Redemption/Distribution Notice has the meaning set forth in paragraph 4(e) of Annex I.

  • Original Purchase Price means the price paid by you for the motor vehicle or a maximum of 110% of the market value of the vehicle as defined by Glass's Guide Retail at time of purchase, whichever is the lesser (including all factory fitted accessories) and after any discount given, but does not include the cost of dealer fitted accessories, road fund licence, new vehicle registration fee, fuel, paintwork and/or upholstery protection kits, insurance premiums (including the premium for this policy), warranty premiums, any finance arrears and any such associated costs and any negative equity transferred from a previous finance agreement.

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Place of Delivery means the place of delivery at which the supplier is responsible to deliver the material at the contract price as specified in the clause “Material- Specification: Price etc.

  • Payment instrument means any personalised device(s) and/or set of procedures agreed between the payment service user and the payment service provider and used in order to initiate a payment order;

  • Time of Delivery shall have the meaning ascribed to such term in Section 2(c).

  • Redemption Call Purchase Price has the meaning set out in Section 5.2(a).

  • Mandatory Purchase Notice means, in connection with the Mandatory Purchase of VRDP Shares, a notice substantially in the form attached to the VRDP Shares Purchase Agreement as Exhibit B, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with the VRDP Shares Purchase Agreement specifying a Mandatory Purchase Date.

  • Net Purchase Price has the meaning set forth in Section 2.1.

  • Exchange Notice has the meaning set forth in Section 2.1(a)(iii).

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;