Settling Bank means the entity appointed by the Trust or you, as applicable, to perform such settlement services on behalf of the Trust and you, as applicable, which entity agrees to abide by NSCC's then current rules and procedures insofar as they relate to same day funds settlement. In all cases, processing and settlement of share transactions shall be done in a manner consistent with applicable law.
Settling Bank means the entity appointed by AVIF (IVIF) to perform such settlement services on behalf of AVIF (IVIF), which agrees to abide by NSCC’s then current rules and procedures insofar as they relate to same day funds settlement. In all cases, processing and settlement of Share transactions shall be done in a manner consistent with applicable law.
Settling Bank means the entity appointed by the party to perform such settlement services which entity agrees to abide by NSCC’s then current rules and procedures insofar as they related to funds settlement.
Examples of Settling Bank in a sentence
Payment shall be in federal funds transmitted by wire from the Fund's designated Settling Bank to the NSCC.
Payment shall be in federal funds transmitted by wire from the designated NSCC Settling Bank (on behalf of Company).
Upon payment of such amount such Swing Line Settling Bank shall be deemed to have delivered its Swing Line Settlement Amount on the Swing Line Settlement Date and shall become entitled to interest payable by the Borrower with respect to such Swing Line Settling Bank's Swing Line Settlement Amount as if such share were delivered on the Swing Line Settlement Date.
These are negotiated directly between the Fund and the Settling Bank.
The Agent may, unless notified to the contrary by any Settling Bank prior to a Settlement Date, assume that such Settling Bank has made or will make available to the Agent on such Settlement Date the amount of such Settling Bank's Settlement Amount, and the Agent may (but it shall not be required to), in reliance upon such assumption, make available to the Borrower a corresponding amount.
More Definitions of Settling Bank
Settling Bank means the entity appointed by the Fund to perform such settlement services on behalf of the Fund and agrees to abide by the NSCC's Rules and Procedures insofar as they relate to the same day funds settlement. If the Company is somehow prohibited from submitting purchase and settlement instructions to the Fund for Portfolio shares via the NSCC's DCC&S platform the following shall apply to this Section:
Settling Bank means the entity appointed by the Trust to perform such settlement services on behalf of the Trust, which agrees to abide by NSCC’s then current rules and procedures insofar as they relate to same day funds settlement. In all cases, processing and settlement of Share Transactions shall be done in a manner consistent with applicable law. The parties agree that if the Trust sends paper information for any Share Transaction for which it also sends information electronically, the Company is not required to consider any such paper information. The Trust further agrees to indemnify and hold the parties harmless in the event information sent electronically differs from the paper information. In the event that the Company or Trust is prohibited from communicating, processing or settling Share Transactions via Fund/SERV or Networking, such Company or Trust shall promptly notify the Company or Trust. After the Company or Trust have been notified, the provisions of this Agreement concerning non-electronic processing of transactions for Shares shall apply.
Settling Bank means the entity appointed by each Fund to perform such settlement services on behalf of the Fund and agrees to abide by the NSCC's Rules and Procedures insofar as they relate to the same day funds settlement. If the Company is somehow prohibited from submitting purchase and settlement instructions to a Fund for its shares via the NSCC's DCC&S platform the following shall apply to this Section: The Fund Company, on behalf of each Fund,agrees to sell the Company those Fund shares which the Company orders on behalf of any Separate Account, executing such orders on a daily basis at the net asset value next computed after receipt and acceptance by each Fund or its designee of such order. For purposes of this Section, the Company shall be the designee of each Fund for the receipt of such orders from the Separate Account and receipt by such designee shall constitute receipt by a Fund; provided that the Fund receives notice (via email and/or facsimile) of such order by 10:00 a.m. Eastern Time on the next following Business Day. The Company shall pay for Fund shares by 5:00 p.m. Eastern Time on the same Business Day it places an order to purchase shares in accordance with this section. Payment shall be in federal funds transmitted by wire to the relevant Fund's designated custodian.
Settling Bank means the entity appointed by the Trust or you, as applicable, to perform such settlement services on behalf of the Trust and you, as applicable, which entity agrees to abide by NSCC's then current rules and procedures insofar as they relate to same day funds settlement. In all cases, processing and settlement of share transactions shall be done in a manner consistent with applicable law. Except as modified hereby, all other terms and conditions of the Agreement shall remain in full force and effect. Unless otherwise indicated, the terms defined in the Agreement shall have the same meaning in this Amendment. AMENDMENT For good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree to amend the Agreement as follows:
Settling Bank means the entity appointed by AVIF or LIFE COMPANY, as applicable, to perform such settlement services on behalf of AVIF and LIFE COMPANY, as applicable, which agrees to abide by NSCC's then current rules and procedures insofar as they relate to same day funds settlement. In all cases, processing and settlement of Share transactions shall be done in a manner consistent with applicable law. In the event that any Party is prohibited from communicating, processing or settling Share transactions via Fund/SERV or Networking, such Party shall notify the other Parties. After all Parties have been notified, the provisions of paragraphs (b) and (c) of this Section 2.1 shall apply.
Settling Bank means Banco Bradesco S.A., a financial institution with head offices at Av. Yara, s/n – in the City of Deus – Prédio Amarelo, 2nd Floor, in the municipality of Osasco, State of São Paulo, enrolled with the CNPJ under No. 60.746.948/0001-12