Buying-In Sample Clauses
Buying-In. 10.1 Before placing a Sell Order, the Customer shall ensure that the relevant Equity and/or Debt Securities are available for delivery and will constitute good delivery thereof on the settlement date of the transaction. If delivery of the Equity and/or Debt Securities is not made on the settlement date, the Bank shall have the right to buy-in immediately and bill the Customer for the difference. The Bank will not be liable to the Customer for any loss suffered by the Customer as a result of any rise in the market price of the Equity and/or Debt Securities between the time the right to buy-in arose and the time it actually buys the Equity and/or Debt Securities.
Buying-In. (a) Where a selling Trading Clearing Participant (“selling TCP”) in respect of a Ready Basis Contract, having sold Securities in board lots, fails to deliver the Securities by having the quantity of Securities sold as Tradeable Balance in the relevant securities account by the due settlement day, the Clearing House will instruct the Exchange to automatically buy-in against such selling TCP without notice on the second Market Day following the Contract Date.
(b) No withdrawal of buying-in will be permitted unless the Clearing House determines otherwise in accordance with these Rules.
(c) The Clearing House may initiate a withdrawal from buying-in in any circumstance the Clearing House deems fit and in such a case, the Clearing House will instruct the Exchange to withdraw the buying-in.
(d) The Clearing House will instruct the Exchange to conduct the buying-in in accordance with such terms and conditions as may be specified by the Clearing House which include the following:
(i) unless otherwise stated, the bidding price for buying-in of any Securities by the Exchange shall be ten (10) Ticks above the following prices, rounded up, where necessary, to the higher Tick:
Buying-In. B4.1 Before placing an Order for the sale of shares, the Client shall ensure that the relevant shares are available for delivery and will constitute good delivery thereof on the settlement date of the Transaction. If delivery of shares is not made on the settlement date, UOBKH shall have the right to buy-in immediately and ▇▇▇▇ the Client for the difference. UOBKH will not be liable to the Client for any Loss suffered by the Client as a result of any rise in the market price of the securities between the time the right to buy-in arose and the time it actually buys the securities. B5.1 The Client acknowledges and agrees that if it does not make payment to UOBKH in accordance with this Agreement, UOBKH may, in accordance with the SGX-ST Rules and Bye-Laws, report this to the SGX-ST. The Client accepts that the SGX- ST will make this information available to its other member companies.
B5.2 The Client further acknowledges and agrees that if any non-payment by the Client is by reason of any dispute between it and UOBKH, UOBKH must report this disagreement to the SGX-ST.
B5.3 The Client also acknowledges and confirms that it is a condition to the opening and/or continued maintenance of an Account that the Client consent and the Client does so consent to the use and disclosure of any and all Client information by UOBKH where UOBKH believes in good faith that it is in its commercial interest to do so. Without prejudice or limitation to the foregoing, the Client expressly consents to disclosure of any Client information to any member of the UOB Group of companies including but not limited to any related entity to UOBKH.
Buying-In. If Customer instructs a BofAML Entity to sell any security, commodity or other property and such BofAML Entity is unable to deliver the relevant asset to the purchaser by reason of Customer’s failure to supply such BofAML Entity with the relevant asset, then Customer authorizes such BofAML Entity to borrow or purchase any such security, commodity or other property necessary to make delivery thereof.
Buying-In. B4.1 Before placing an Order for the sale of shares, the Client shall ensure that the relevant shares are available for delivery and will constitute good delivery thereof on the settlement date of the Transaction. If delivery of shares is not made on the settlement date, UOBKH shall have the right to buy-in immediately and bill the Client for the difference. UOBKH will not be liable to the Client for any Loss suffered by the Client as a result of any rise in the market price of the securities between the time the right to buy-in arose and the time it actually buys the securities. B5.1 The Client acknowledges and agrees that if it does not make payment to UOBKH in accordance with this Agreement, UOBKH may, in accordance with the SGX-ST Rules and Bye-Laws, report this to the SGX-ST. The Client accepts that the SGX- ST will make this information available to its other member companies.
Buying-In. 13.1 The Client hereby represents, warrants and undertakes with the Company that the Client shall ensure, prior to placing any order with the Company to sell Securities that the Securities are available for delivery within the time prescribed under the rules, regulations and/or bye-laws of the relevant stock exchange.
13.2 In the event of the Securities not being available for delivery within the time prescribed as aforesaid, the Company shall be entitled, at the Company’s sole discretion, to buy-in at such time or times as the Company shall in the Company’s absolute discretion deem fit, and the Client undertakes to settle the difference in cash immediately upon demand made by the Company and in default of payment, the Client shall pay interest at such rate or rates as shall be determined by the Company at the Company’s discretion from time to time.
13.3 In the event of the relevant stock exchange exercising the right to buy-in the Client undertakes to settle the difference in cash immediately upon demand made by the Company and in default of payment, the Client shall pay interest at such rate or rates as shall be determined by the Company at the Company’s discretion from time to time.
Buying-In. (a) The Client acknowledges that the Broker may, by reason of default by the Client in paying on or before the due date any sum due under this Agreement or any Futures Contract in respect of which any amount is required to be converted into a foreign currency or from a foreign currency into Ringgit Malaysia, suffer loss by reason of having to enter into such foreign exchange or other contracts as will enable it to discharge any obligations incurred by the Broker upon such default or which have been incurred by the Broker in anticipation that no such default would occur.
(b) Without derogation from any right of action, claim, demand, right, power or otherwise in the Broker pursuant to this Agreement or otherwise, the Client agrees to compensate and indemnify the Broker against any loss, damage, cost or expense arising as a consequence (whether necessary or incidental) upon entering into any such foreign exchange or other contract or effecting such currency conversion.
(c) The Broker may enter into any such foreign exchange or other contract with any third party in order to mitigate any loss suffered as a result of default or late payment by the Client without further notice to the Client (without creating an obligation to do so).
(d) Tender of the amount of any payment due by the Client pursuant to this Agreement after due date for such payment shall not relieve the Client of its obligations or liabilities pursuant to this Clause.
Buying-In. The Client acknowledges his awareness of and agrees as follows:
(a) that the Broker may, by reason of default/anticipated default by the Client in paying on or before the due date any sum due under this Agreement or any of the Derivatives in respect of which any amount is required to be converted into a foreign currency or from a foreign currency into Ringgit Malaysia, suffer loss by reason of having to enter into such foreign exchange or other contracts as will enable it to discharge any obligations incurred by the Broker upon such default and/or in anticipation that such default would occur;
(b) without derogation from any right of action, claim, demand, right, power or otherwise of the Broker pursuant to this Agreement or otherwise, the Client agrees to compensate and fully and effectively indemnify the Broker against any loss, damage, cost or expense arising, suffered or incurred in or as a consequence (whether direct, necessary or incidental) of entering into any such foreign exchange or other contract or effecting such currency conversion;
(c) the Broker may, in its absolute discretion (without creating and obligation to do so), enter into any such foreign exchange or other contract with any third party in order to mitigate any loss suffered or which could be suffered as a result of default or late payment by the Client and/or in anticipation that such default will occur, without further notice to the Client. In the event that payment is actually made on the relevant due date and there is no default in payment by the Client, the Broker shall not be liable for and shall not be under any obligation to indemnify the Client from and against all damages, losses, costs, expenses and any other amounts whatsoever incurred arising out of the entering into by the Broker of the aforesaid contracts; and
(d) tender of any amount due by the Client pursuant to this Agreement after the due date for such payment shall not relieve the Client of his obligations or liabilities pursuant to this Clause.
