Subscription Settlement Amount definition

Subscription Settlement Amount means, in respect of a subscription for ETC Securities and the related Subscription Settlement Date, an amount of unallocated Metal determined by the Determination Agent as being equal to the product of the Initial Metal Entitlement 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

  • 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.

  • Waiting periodsThis is the time period that certain services are not eligible for coverage under this policy.

  • Once the relevant ETC Securities have been issued, the Subscription Account Custodian transfers an amount of Metal equal to the Subscription Settlement Amount to the secured unallocated account of the respective Series of ETC Securities held with the Secured Account Custodian.

  • 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.


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 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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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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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.

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

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 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 One Hundred Forty-Five Thousand Dollars ($145,000), including 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.

  • 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.

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

  • 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 Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • 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).

  • 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).

  • 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.

  • Subscription Day means every Business Day provided that the Management Company may with the prior written consent of the Trustee and upon giving not less than seven (7) days notice in the two (2) widely circulated English and Urdu newspapers declare any particular Business Day or days not to be a Subscription Day.