ISSUE PROCEDURE Sample Clauses
The ISSUE PROCEDURE clause outlines the formal steps that must be followed when raising and addressing issues that arise during the course of a contract or project. Typically, it specifies how parties should notify each other of an issue, the required documentation or forms, and the timeline for response or resolution. For example, it may require written notice of the issue and set deadlines for both acknowledgment and resolution. This clause ensures that all parties handle problems in a structured and timely manner, reducing misunderstandings and helping to resolve disputes efficiently.
ISSUE PROCEDURE. (a) Whenever the Issuer wishes to issue Treasury Notes, any of its authorised officers shall contact the Dealer or any Additional Dealer directly by telephone, to advise such Dealer(s) of the desired Tenor(s), currency, amount(s) and Issue Date of the Treasury Notes it wishes to issue, if possible together with any other financial terms and conditions.
(b) After a request from the Issuer in accordance with paragraph (a) above,
(i) each Dealer may agree with the Issuer to subscribe for such Treasury Notes, in which case, the Issuer shall be obliged to issue and such Dealer shall be obliged to subscribe and pay for the Treasury Notes on the terms so agreed; or
(ii) if agreed between a relevant Dealer and the Issuer, such relevant Dealer shall use its best effort to identify potential investors for Treasury Notes and invite them:
(A) to subscribe for Treasury Notes at the financial conditions and in accordance with the terms proposed by the Issuer after consultation with the relevant Dealer; or
(B) to bid for the subscription of Treasury Notes up to the amount and for the Tenor proposed by the Issuer after consultation with the relevant Dealer, and if in such case a Dealer is not able to subscribe for or procure the subscription of all or part of the amount allocated to it, the other Dealer, if any, shall have the right but not the obligation to subscribe for or procure the subscription of such amount of Treasury Notes. As soon as possible, but in any event before 12.00 noon (Brussels time) on the Trade Date, each relevant Dealer(s) shall inform the Issuer, in the case of paragraph (b)(ii)(A) above, of the amount of Treasury Notes for which it is able to arrange the subscription or, in the case of paragraph (b)(ii)(B) above of the financial conditions at which it would be possible to arrange the subscription of the requested amount of Treasury Notes.
(c) If at any time, an investor approaches a Dealer to request the issue of Treasury Notes by the Issuer, such Dealer shall inform the Issuer of such demand. The Issuer shall, subject to the other terms of this Agreement, have the right but not the obligation to issue Treasury Notes.
ISSUE PROCEDURE. (a) When an agreement has been reached between a Dealer, the Issuer and an investor, the Issuer shall, or shall procure such Dealer will:
(i) as soon as possible (but in any event not later than 2.00 p.m.( CET) on the Business Day before the proposed Issue Date for Treasury Notes denominated in euro and 2.00 p.m. (CET) on the second Business Day before the proposed Issue Date for Treasury Notes denominated in any Foreign Currency (or such later time as may be agreed between the Issuer and the Domiciliary Agent)), contact the Domiciliary Agent by phone in order to confirm to the Domiciliary Agent the following information in respect of the Treasury Notes to be issued: name of the Issuer, name of the Dealer, principal or nominal amount, issue amount, interest rate or discount, issue date, maturity date and settlement instructions (as set out in the form of Trade Confirmation comprised as Schedule 5 to the Dealer Agreement); and
(ii) as soon as possible (but in any event not later than 6.00 p.m.(CET) on the Business Day before the proposed Issue Date for Treasury Notes denominated in euro and 6.00 p.m (CET) on the second Business Day before the proposed Issue Date for Treasury Notes denominated in any Foreign Currency (or such later time as may be agreed between the Issuer and the Domiciliary Agent)) send a completed trade confirmation by e-mail (such confirmation being executed by the Issuer if the e-mail is sent by the relevant Dealer), substantially in the form of the Trade Confirmation attached as Schedule 5 to the Dealer Agreement).
(b) Upon receipt by the Domiciliary Agent of the necessary information in accordance with paragraph (a) above, the Domiciliary Agent shall:
(i) request the allocation of an ISIN-code to the Treasury Notes proposed to be issued;
(ii) notify the NBB of the proposed issue of Treasury Notes and the financial terms and conditions of such Treasury Notes;
(iii) provide the NBB with the Descriptive Card at the latest at 11.00 a.m. (CET) on the Issue Date of such Treasury Notes, in case the Treasury Notes are denominated in euro, and at 11.00 a.m (CET). on the Business Day before the Issue Date of such Treasury Notes, in case the Treasury Notes are denominated in any Foreign Currency (or provide such other information or at such other time as from time to time agreed with or imposed by the NBB);
(iv) take any other step that may be necessary in order to ensure the creation, issuance and settlement of the Treasury Notes proposed to be ...
ISSUE PROCEDURE. 1.1 Where following a child in care review and a decision by the appropriate senior officer, it has been deemed internally by the local authority that the case is suitable for the accelerated procedure, a bundle will be prepared to include:
(i) a certificate in the form set out in Appendix A;
(ii) a paginated and indexed bundle consisting of copies of all the documents listed in Appendix B.
1.2 The local authority shall indicate in the application if it intends to invite the Court to dispense with service of the application upon any respondent(s) to the original care proceedings, with an explanation as to why, exceptionally, it is considered appropriate to dispense with such service.
ISSUE PROCEDURE. Upon receipt of the Issuer's confirmation form, the Agent shall take the necessary measures for the creation of the BTB's and for the payment of the proceeds thereof to the Issuer. Upon payment of the proceeds of the BTB's, in accordance with the procedure as set out in the Clearing Agreement, the account of the Issuer shall be credited by the Agent in this quality in due time, i.e. in same-day funds value the Settlement Date, according to the instructions given by the Issuer.