Subscription Settlement Amount definition

Subscription Settlement Amount means, in respect of a subscription for ETC Securities and the related Subscription Settlement Date, an amount in the denomination of the ETC Securities equal to the product of the Issue Price per ETC Security in respect of the relevant Subscription Trade Date and the aggregate number of ETC Securities to be issued pursuant to the relevant Subscription Order.
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Subscription Settlement Amount means, in respect of a subscription for ETC Securities, an amount of Metal determined by the Administrator as being equal to the product of the Metal Entitlement in respect of the relevant Subscription Trade Date and the aggregate number of ETC Securities to be issued pursuant to the relevant Subscription Order.
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Subscription Settlement Amount means, in respect of a subscription order of ETC Securities, an amount of unallocated Metal determined by the Determination Agent as being equal to the product of the Metal Entitlement per ETC Security and the aggregate number of ETC Securities to be issued pursuant to the relevant subscription order.Issuing Agent: State Street Fund Services (Ireland) Limited is the issuing agent (the “Issuing Agent”) being the entity which, inter alia, signs the global security, marks up or marks down the global security and sends the global security to the relevant clearing system.Paying Agent: The paying agent (the “Paying Agent”) is the entity which, inter alia, makes payments under the ETC Securities. In relation to a Series of ETC Securities where the global security is to be deposited with Clearstream, Frankfurt/Main or its depositary, the Paying Agent shall be the German Paying Agent. In relation to a Series of ETC Securities where the global security is to be deposited with a common safekeeper or common depositary for Euroclear Bank SA/NV and Clearstream Banking S.A., the Paying Agent shall be the ICSD Paying Agent.German Paying Agent: The German paying agent (the “German Paying Agent”) is State Street International Bank GmbH.ICSD Paying Agent: The ICSD paying agent (the “ICSD Paying Agent”) will be specified in the Final Terms.Authorised Participants: The Authorised Participants are the only entities allowed to buy and sell ETC Securities directly from and to the Issuer. Any such purchase or sale is made by the Authorised Participant delivering or receiving an amount of the Metal equal to the prevailing metal entitlement per ETC Security. Authorised Participants may also act as market makers, i.e. they buy and sell ETC Securities from and to investors on an over-the-counter basis or via a stock exchange. However, not all market makers need to be Authorised Participants.
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Examples of Subscription Settlement Amount in a sentence

  • For the avoidance of doubt, Securities (if any) which the Issuer has agreed on or prior to such Business Day to issue but in respect of which the relevant Subscription Settlement Amount has not been transferred to the relevant Allocated Account and settlement to such relevant Authorised Participant(s) has not yet occurred shall not be deemed to be “outstanding” or “in issue” on such Business Day.

  • If a subscription is cancelled, the Subscription Account Custodian will deliver an amount of Metal equal to the Subscription Settlement Amount back to the Authorised Participant.The Metal will generally be held by the Secured Account Custodian on an “allocated” basis.

  • Contrary to the government’s argument, we agree with Judge Pietsch’s observation that the Veterans Court “ap- plied a provision that the Board did not apply and made factual findings that the Board did not make.” Tadlock, 2020 WL 738550, at *2 (Pietsch, J., dissenting).

  • The Company will not issue ETC Securities to an Authorised Participant until the Subscription Settlement Amount has been received in the Unallocated Account and allocated to the Allocated Account for the Series.


More Definitions of Subscription Settlement Amount

Subscription Settlement Amount means, in respect of a Subscription for Basket ETC Securities and the related Subscription Settlement Date, an amount of each type of physical Precious Metal and/or Base Metal (or, in the case of any portion of such Basket ETC Securities backed by a BaseMetal, a Bill of Lading or LME Warrants for such amount of Metal) and of each Component comprised in the relevant Basket, equal to the product of: (a) the quantity of such type of Precious Metal, Base Metal or Component comprised in the Metal Entitlement for such Basket ETC Securities on the Subscription Trade Date (calculated on the basis of the number of Baskets comprised in such Metal Entitlement multiplied by the weighting of such type of Metal or Component within such Basket) and(b) the aggregate number of ETC Securities to be issued pursuant to the relevant Subscription Order.
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Subscription Settlement Amount means, in respect of a subscription order of ETC Securities, an amount of unallocated Metal determined by the Determination Agent as being equal to the product of the Metal Entitlement per ETC Security and the aggregate number of ETC Securities to be issued pursuant to the relevant subscription order.
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Subscription Settlement Amount means, in respect of a subscription for Carbon ETC Securities and the related Subscription Settlement Date, a number of Allowance(s) validated by the Issuing Agent as being equal to the product of (i) the Allowance(s) Entitlement per Carbon ETC Security in respect of the relevant Subscription Trade Date and (ii) the aggregate number of Carbon ETC Securities to be issued pursuant to such Subscription Order, such total rounded up to the nearest whole number.
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Related to Subscription Settlement Amount

  • Subscription Settlement Date means the second Valuation Date after the Subscription Trade Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • 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.

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

  • 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.

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

  • Final Redemption Settlement Date means the day that falls three Currency Business Days after the Final Redemption Date.

  • Optional Redemption Settlement Date means the second Valuation Date after the Optional Redemption Pricing Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • 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.

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

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

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

  • 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.

  • 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.

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

  • Put Price has the meaning set forth in Section 8.05(a).

  • 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.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Mandatory Redemption Settlement Date means, in respect of a Mandatory Redemption Event, the day that falls three Currency Business Days after the day on which the Issuer has received payment in full from the Margin Loan Provider of the amounts payable in respect of the termination of the LS Margin Account Agreement.

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

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.

  • VWAP Purchase Price means the lesser of (i) the Closing Sale Price on the VWAP Purchase Date; or (ii) ninety-seven percent (97%) of volume weighted average price for the Common Stock traded on the Principal Market during normal trading hours on (A) the VWAP Purchase Date if the aggregate shares traded on the Principal Market on the VWAP Purchase Date have not exceeded the VWAP Purchase Share Volume Maximum and the Sale Price of Common Stock has not fallen below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction), or (B) the portion of the VWAP Purchase Date until such time as the sooner to occur of (1) the time at which the aggregate shares traded on the Principal Market has exceeded the VWAP Purchase Share Volume Maximum, or (2) the time at which the Sale Price of Common Stock falls below the VWAP Minimum Price Threshold (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • 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;

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

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

  • Subscription Price has the meaning set forth in Section 2.1.