PCS System Clause Samples
The PCS System clause defines the use of a third-party post-trade confirmation and settlement system, typically known as the Payment and Clearing System (PCS), to facilitate the matching, confirmation, and settlement of transactions between parties. In practice, this clause specifies that all relevant trades will be processed through the designated PCS platform, which may include electronic matching of trade details and automated settlement instructions. By mandating the use of a standardized system, the clause helps reduce operational risk, minimize errors, and ensure timely and accurate settlement of financial transactions.
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PCS System. The PCS System contains information and computer software that are proprietary and confidential information of PCS, its suppliers, and licensors. Customer agrees not to attempt to circumvent the devices employed by PCS to prevent unauthorized access thereto, including, but not limited to, alterations, decompiling, disassembling, modifications, and reverse engineering thereof.
PCS System. A PCS radio-telephone system constructed and operated pursuant ---------- to an FCC License therefor held by a License Subsidiary.
PCS System. Sprint Spectrum will construct, maintain and operate, or contract with a third party for the production, maintenance or operation of, a Commercially Operational PCS system;
PCS System. A PCS radio telephone system constructed and operated pursuant ---------- to a License therefor. Permitted Asset Sale. Any of the following: --------------------