Common use of Fails Clause in Contracts

Fails. We will notify you if settlement of a Transaction fails to take place on the contractual settlement date, whether because of a default by a counterparty to that Transaction or other­ wise.

Appears in 6 contracts

Sources: Eligible Counterparty Agreement, Professional Client Agreement, Eligible Counterparty Agreement

Fails. We will notify you if settlement of a Transaction fails to take place on the contractual settlement date, whether because of a default by a counterparty to that Transaction or other­ wiseotherwise.

Appears in 6 contracts

Sources: Professional Client Agreement, Eligible Counterparty Agreement, Eligible Counterparty Agreement