Settlement Basis Sample Clauses
The Settlement Basis clause defines the method and terms by which financial obligations or disputes between parties are resolved, typically specifying whether settlements are to be made in cash, securities, or other forms of consideration. In practice, this clause outlines the timing, calculation methods, and procedures for determining the amount and manner of settlement, such as specifying netting arrangements or the use of market values on a particular date. Its core function is to provide clarity and predictability in how settlements are handled, thereby reducing the risk of misunderstandings or disputes over payment terms.
Settlement Basis. All purchases of investments, except investment in mutual funds, shall be made on a delivery versus payment basis. The safekeeping entity for all Texas CLASS investments and for all Collateral pledged to secure funds of Texas CLASS shall be one approved by the Investment Officer or the Program Administrator.
Settlement Basis. Party A shall list the daily settlement amount according to Party A’s platform transactions, which should be confirmed by both parties.
Settlement Basis. The fee will be settled when the vehicles are delivered. The settlement quantity will be the quantity of the Products delivered by Party A to Party B and checked and accepted by Party B, which will be subject to the handover procedure of the Products signed by both parties.
Settlement Basis. The tax-inclusive settlement price for the Product of 20-capsule small box shall be RMB 5.20 per box.
Settlement Basis. 20.01 The Company and the Union agree that the following classifications shall be maintained for the life of this Agreement and the Company may not create any new classification or rate of pay without the express written approval of the Union: