Purchasing Securities Sample Clauses
The 'Purchasing Securities' clause defines the terms and conditions under which one party may buy securities, such as stocks or bonds, from another party. It typically outlines the procedures for making a purchase, including any requirements for notice, documentation, and payment, and may specify the types of securities covered and any restrictions on their acquisition. This clause ensures that both parties understand the process and obligations involved in the transaction, thereby reducing the risk of disputes and providing a clear framework for executing securities purchases.
Purchasing Securities. You may not use your Debit Card to purchase securities.
Purchasing Securities. Upon receipt of Instructions, the Custodian or Subcustodian shall pay for and receive Securities purchased for the account of a Portfolio, provided that, payment shall be made by the Custodian or Subcustodian only upon receipt of the Securities by: (1) the Custodian or Subcustodian; (2) a clearing corporation of a national securities exchange of which the Custodian or Subcustodian is a member; or (3) a Clearance System. Notwithstanding the foregoing, upon receipt of Instructions: (i) in the case of the purchase of Securities, the settlement of which occurs outside of the United States of America, the Custodian or Subcustodian may make payment therefor and receive delivery of such Securities in accordance with local custom and practice that is generally accepted by similarly situated mutual funds in the country in which the settlement occurs (including delivering money against expectation of receiving later delivery of such Securities), but in all events subject to the standard of care set forth in Section 9 hereof; and (ii) in the case of the purchase of Securities in which, in accordance with standard industry custom and practice that is generally accepted by similarly situated U.S. mutual fund, the receipt of such Securities and the payment therefor take place in different countries, the Custodian or Subcustodian may receive delivery of such Securities and make payment therefor in accordance with standard industry custom and practice for such Securities generally accepted by similarly situated U.S. mutual funds, but in all events subject to the standard of care set forth in Section 9 hereof.
Purchasing Securities. You may not use Your Card to purchase securities. Internet Gambling: You may not use Your Card for internet gambling. Illegal Activities: Use of Your Card for illegal activities is prohibited.
Purchasing Securities. 4.1 Instructions to purchase Securities are denominated in euros, unless FitVermogen has indicated otherwise for the Security in question.
4.2 If the Security in question is exclusively listed or available in a currency other than the euro, FitVermogen will execute the Securities Order at the rates applied by the Executing Institution on the day on which FitVermogen executes the Securities Order in accordance with Article 4.5. The number of Securities to be purchased will be determined by dividing the purchase price by the rate on the day on which FitVermogen executes the Securities Order.
4.3 FitVermogen only processes a Securities Order to purchase Securities after you have transferred the pur- chase price from your Bank Account to FitVermogen and this amount has been credited to your FitVermo- gen account via the Central Bank Account. If you place a Securities Order but do not transfer the purchase price for the Securities Order, the instruction will lapse on the fifth calendar day that the purchase price has not been credited to your FitVermogen account via the Central Bank Account. This period of five calendar days commences at the moment at which you issue the Securities Order and expires five calendar days later at the moment at which FitVermogen checks whether the purchase price has been credited to your FitVer- mogen account in accordance with the provisions in paragraph 4 of this Article. You can transfer the pur- chase price using the i-DEAL system, via Internet banking or via a standard bank transfer in accordance with the instructions on the Website.
4.4 FitVermogen will check once every day whether the purchase price has been credited to your FitVermogen account. FitVermogen only processes the Securities Order for the purchase of Securities at the moment at which your purchase amount has been credited and the order has been entered by you. If FitVermogen as- certains that your purchase price has been credited to your FitVermogen account before 1.15 p.m. and the order has been entered by you before 1.15 p.m., FitVermogen will send the Securities Order to the Stock Exchange, or – in the event of non-listed Securities – to the Issuing Institution on the same day.
4.5 If FitVermogen ascertains that your purchase price has been credited at or after 1.15 p.m. but before 1.30
Purchasing Securities. Upon receipt of Proper Instructions (as hereinafter defined), the Custodian shall pay for and receive securities purchased for the account of a Portfolio, provided that, payment shall be made by the Custodian only upon receipt of the securities by: (1) the Custodian or a sub-custodian (a “Sub-Custodian”); (2) a clearing corporation of a national securities exchange of which the Custodian is a member; (3) a U.S. Securities System; or (4) an Eligible Securities Depository. Notwithstanding the foregoing, upon receipt of Proper Instructions: (i) in the case of the purchase of securities, the settlement of which occurs outside of the United States of America, the Custodian may make payment therefor and receive delivery of such securities in accordance with local custom and practice that is generally accepted by similarly situated mutual funds in the country in which the settlement occurs (including delivering money against expectation of receiving later delivery of such securities), but in all events subject to the standard of care set forth in Section 14.1 hereof; and (ii) in the case of the purchase of securities in which, in accordance with standard industry custom and practice that is generally accepted by similarly situated U.S. mutual fund, the receipt of such securities and the payment therefor take place in different countries, the Custodian may receive delivery of such securities and make payment therefor in accordance with standard industry custom and practice for such securities generally accepted by similarly situated U.S. mutual funds, but in all events subject to the standard of care set forth in Section 14.1 hereof.
Purchasing Securities. 4.1 Instructions to purchase Securities are denominated in euros, unless FitVermogen has indicated otherwise for the Security in question.
4.2 If the Security in question is exclusively listed or available in a currency other than the euro, FitVermogen will execute the Securities Order at the rates applied by the Issuing Institution on the day on which FitVermogen executes the Securities Order in accordance with Article
Purchasing Securities. Upon receipt of Instructions, the Custodian or Subcustodian shall pay for and receive Securities purchased for the account of a Portfolio, provided
Purchasing Securities. Purchasing or otherwise acquiring any securities or other ownership, equity or proprietary interests in any Person, or incorporating or creating any Subsidiary, except as contemplated by the annual business plan;
Purchasing Securities. Upon receipt of Instructions, the Custodian or Subcustodian shall pay for and receive Securities purchased for the account of a Portfolio, provided that, payment shall be made by the Custodian or Subcustodian only upon receipt of the Securities by: (1) the Custodian or Subcustodian; (2) a clearing corporation of a national securities exchange of which the Custodian or Subcustodian is a member; or (3) a Clearance System. Notwithstanding the foregoing, upon receipt of Instructions: (i) in the case of the purchase of Securities, the settlement of which occurs outside of the United States of America, the Custodian or Subcustodian may make payment therefor and receive delivery of such Securities in accordance with local custom and practice