Financial Instrument Clause Examples for Any Agreement

A Financial Instrument clause defines the types of financial assets or contracts that are recognized and governed under an agreement. This clause typically specifies which instruments—such as stocks, bonds, derivatives, or promissory notes—are included, and may outline the rules for their issuance, transfer, or valuation within the context of the contract. By clearly identifying what constitutes a financial instrument, the clause ensures all parties understand the scope of assets covered, reducing ambiguity and potential disputes regarding financial rights and obligations.
Financial Instrument. Also referred to as financial security. It is an investment of the type set out within the Securities Industry Act 2011, which includes but not limited to options, futures, rolling spot forex and any other derivative contracts relating to securities, currencies, interest rates or yields, or other derivative instruments or financial indices.
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Financial Instrument. 30.1. Purpose: Agent’s Financial Instrument is used after termination of the Agent’s ARA in order to cover all amounts owed by Agent to Carriers and ARC for Transactions issued on ARC Traffic Documents supplied in trust to Agent. This includes, but is not limited to, all amounts owed for Transactions that have been used but not reported or paid for; amounts owed for dishonored drafts; and amounts owed as a result of the loss misapplication, theft, forgery, or unlawful use of ARC Traffic Documents, unless the Agent has been relieved of liability for such under this Agreement. 30.2. Agent must maintain a Financial Instrument in the form and amount required by ARC for the joint and several benefit of Carriers and ARC. At no time will the Financial Instrument be less than $10,000 or more than $70,000, unless Agent has Associate Branches or becomes subject to the additional operating requirements under Section 34 of this Agreement. 30.3. XXX will inform Agent of the required Financial Instrument amount 90 calendar days prior to the anniversary date of Agent’s Financial Instrument. If an adjustment is required, Agent must comply with the new requirement no later than the anniversary date. 30.4. If ARC determines Agent has failed to adjust the form or the amount of its Financial Instrument as required by this Agreement, ARC will apply to the Arbiter for an authorization to: 30.4.1. Remove ARC Traffic Documents and notify System Providers to inhibit the issuance of ARC Traffic Documents by Agent and all Agent Locations; and 30.4.2. Notify Carriers that Agent is no longer authorized to issue ARC Traffic Documents. 30.5. If at any time, ARC is notified Agent's Financial Instrument will be, or is, no longer valid, ARC will notify Agent (in writing), and will, on the effective date of the cancellation: 30.5.1. Remove ARC Traffic Documents from Agent; and 30.5.2. Notify System Providers to inhibit issuance of ARC Traffic Documents by Agent and all of Agent’s Locations. 30.6. Unless Agent provides to ARC a proper replacement Financial Instrument within 30 calendar days after the cancellation, ARC will terminate this Agreement and take action as directed in Subsections 6.7 and 6.8. 30.7. To avoid actions under Subsections 30.4 and 30.5 of this Agreement, Agent may submit a Financial Instrument in the form and amount required by ARC. 30.7.1. The effective date and ARC’s acceptance the new Financial Instrument must be no later than the date of cancellation of the lapsed Fi...
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Financial Instrument. This Financial Instrument is delivered as provided in Section 1 of the Commitment to Purchase Financial Instrument and Servicer Participation Agreement (the “Commitment”), entered into as of the Effective Date, by and between Federal National Mortgage Association (“Xxxxxx Xxx”), a federally chartered corporation, acting as financial agent of the United States, and the undersigned party (“Servicer”). This Financial Instrument is effective as of the Effective Date. All of the capitalized terms that are used but not defined herein shall have the meanings ascribed to them in the Commitment. For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Servicer agrees as follows:
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Financial Instrument. 22.1. DLC shall be irrevocable and confirmed in accordance with the UCP standard and acceptable to Seller’s bank and shall be in accordance with the Uniform Customs and Practices for documentary credits issued by the International Chamber of Commerce (ICC Publication No. 600, and its latest revision) or the Uniform Rules for Demand Guarantees, (ICC Publication No 758 and its latest revision). The DLC pursuant to the shipments shall be in or to the effect of the documents attached hereto as Addendum 1 to this Agreement.
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Financial Instrument. Documentary Letter of Credit (DLC)
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Financial Instrument. Financial instruments such as contracts for differences (CFDs), futures, derivatives or any other financial products offered by the Company from time to time.
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Related to Financial Instrument

  • Financial Instruments Not applicable

  • FINANCIAL INSTITUTION’S LIABILITY Liability for failure to make transfers. If we do not complete a transfer to or from your account on time or in the correct amount according to our agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • FINANCIAL AID If the student obtains a loan to pay for an educational program, the student will have the responsibility to repay the full amount of the loan plus interest, less the amount of any refund. If the student is eligible for a loan guaranteed by the federal or state government and the student defaults on the loan, both of the following may occur: 1. The federal or state government or a loan guarantee agency may take action against the student, including applying any income tax refund to which the person is entitled to reduce the balance owed on the loan. 2. The student may not be eligible for any other federal student financial aid at another institution or other government assistance until the loan is repaid.

  • Additional Instruments The Member will execute and deliver any document or statement necessary to give effect to the terms of this Agreement or to comply with any law, rule or regulation governing the Company’s formation and activities.

  • Financial Assurance The Lessee must provide and maintain at all times a surety bond(s) or other form(s) of financial assurance approved by the Lessor in the amount specified in Addendum “B.” As required by the applicable regulations in 30 CFR Part 585, if, at any time during the term of this lease, the Lessor requires additional financial assurance, then the Lessee must furnish the additional financial assurance required by the Lessor in a form acceptable to the Lessor within 90 days after receipt of the Lessor’s notice of such adjustment.