Settlement by a Method Sample Clauses

The 'Settlement by a Method' clause defines the specific process or mechanism by which parties will resolve outstanding payments or obligations under an agreement. This clause typically outlines whether settlement will occur through cash payments, delivery of goods, transfer of securities, or another agreed-upon method, and may specify timelines or procedures for executing the settlement. By clearly establishing how settlements are to be conducted, the clause helps prevent disputes and ensures both parties understand their responsibilities, thereby promoting efficient and predictable resolution of obligations.
Settlement by a Method other than Electronic Conveyancing (Non e-conveyance) (1) Where Item 12.2(b) specifies settlement by non e-conveyance or Clause 12.1(3) applies or the parties agree in accordance with Clause 12.1(10)(b)(ii), this Clause 12.2 will apply. (2) Settlement shall take place on the Settlement Date between 10.00am and 4.00pm AEST: (a) at the settlement office of the Seller's mortgagee or solicitor; or (b) as otherwise agreed upon by the parties; or (c) failing agreement, at the nearest office, to the nominated place for Settlement, at which land title documents may be lodged for registration. (3) Notwithstanding the completion of Item 12.2(b) the parties may agree to e-conveyance at any time, at which point the provisions of Clause 12.1 will apply. (4) On the Settlement Date: (a) the Buyer must, pay the Balance Purchase Price, adjusted as provided in this Contract, by Bank Cheque/s (as directed by the Seller or its Solicitor in writing); and (b) the Seller must deliver (or cause to be delivered) to the Buyer (or as directed by the Buyer) Transfer Documents free from Encumbrances, unless detailed in Item 19, executed by the Seller in a form capable of immediate registration (save for stamping) in accordance with the Land Title Act 1994. (5) The Buyer shall be required to bear the cost of no more than four Bank Cheques in payment of the Balance Purchase Price.
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Settlement by a Method other than Electronic Conveyancing (Non e-conveyance) (1) This Clause 12.2 will apply where: (a) Item 12.2 specifies settlement by non e-conveyance; or (b) Either Clause 12.1(16), 12.1(17) or 12.3(4)(b) are applicable. (2) Settlement shall take place on the Settlement Date between 10:00am and 4:00pm AEST: (a) at the settlement office of the Seller's mortgagee or solicitor; or (b) as otherwise agreed upon by the parties; or (c) failing agreement (not less than 2 Business Days prior to the Settlement Date), at the nearest office to the nominated place for Settlement at which land title documents may be lodged for registration. (3) Notwithstanding Item 12.2 specifying Settlement is to occur by non e-conveyance, the parties may agree to Settlement by e-conveyance at any time up until 1 Business Day prior to Settlement, at which point the provisions of Clause 12.1 will apply.
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Settlement by a Method other than Electronic Conveyancing (Non e-conveyance) (1) Where under Regulation 5(2) or (3) of the Land Title Regulation 2022, the Parties are not required to comply with Regulation 5(1) of such Regulations or Clause 12.3(4)(b) is applicable manual settlement shall take place: on the Settlement Date between 10:00am and 4:00pm AEST: (a) at the settlement office of the Seller's mortgagee or solicitor; or (b) as otherwise agreed upon by the parties; or (c) failing agreement (not less than 2 Business Days prior to the Settlement Date), then in accordance with Section 61(2)(c) of the Property Law Act 1974. (2) The parties may agree to Settlement by e-conveyance at any time up until 5 Business Days prior to Settlement, at which point the provisions of Clause 12.1 will apply.
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Related to Settlement by a Method

  • PAYMENT BY APPLICANT Payment of amounts due under this Article shall be made as set forth in Section 4.8 of this Agreement and is subject to the limitations contained in Section 7.1.

  • Enforcement by a Beneficiary A Beneficiary may enforce the obligations of the Guarantor contained in Section 4.1(b) directly against the Guarantor and the Guarantor waives any right or remedy to require that any action be brought against the Issuer or any other person or entity before proceeding against the Guarantor. The Guarantor shall be subrogated to all rights (if any) of any Beneficiary against the Issuer in respect of any amounts paid to the Beneficiaries by the Guarantor under this Guarantee; provided, however, that the Guarantor shall not (except to the extent required by mandatory provisions of law) be entitled to enforce or exercise any rights that it may acquire by way of subrogation or any indemnity, reimbursement or other agreement, in all cases as a result of payment under this Guarantee, if at the time of any such payment, and after giving effect to such payment, any amounts are due and unpaid under this Guarantee.

  • Payment by Dealer In the event that (i) an Early Termination Date occurs or is designated with respect to the Transaction as a result of a Termination Event or an Event of Default (other than an Event of Default arising under Section 5(a)(ii) or 5(a)(iv) of the Agreement) and, as a result, Dealer owes to Company an amount calculated under Section 6(e) of the Agreement, or (ii) Dealer owes to Company, pursuant to Section 12.7 or Section 12.9 of the Equity Definitions, an amount calculated under Section 12.8 of the Equity Definitions, such amount shall be deemed to be zero.

  • Reimbursement by ▇▇▇▇▇▇▇ To the extent that the Loan Parties for any reason fail to indefeasibly pay any amount required under clauses (a) or (b) of this Section 11.04 to be paid by it to the Administrative Agent (or any sub-agent thereof), the L/C Issuer, the Swingline Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the L/C Issuer, the Swingline Lender or such Related Party, as the case may be, such ▇▇▇▇▇▇’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based on such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided, that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), the L/C Issuer or the Swingline Lender in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), the L/C Issuer or the Swingline Lender in connection with such capacity. The obligations of the Lenders under this clause (c) are subject to the provisions of Section 2.12(d).

  • No Assignment by Executive Executive warrants and represents that no portion of any of the matters released herein, and no portion of any recovery or settlement to which Executive might be entitled, has been assigned or transferred to any other person, firm or corporation not a party to this Agreement, in any manner, including by way of subrogation or operation of law or otherwise. If any claim, action, demand or suit should be made or instituted against the Company or any other Releasee because of any actual assignment, subrogation or transfer by Executive, Executive agrees to indemnify and hold harmless the Company and all other Releasees against such claim, action, suit or demand, including necessary expenses of investigation, attorneys’ fees and costs. In the event of Executive’s death, this Agreement shall inure to the benefit of Executive and Executive’s executors, administrators, heirs, distributees, devisees, and legatees. None of Executive’s rights or obligations may be assigned or transferred by Executive, other than Executive’s rights to payments hereunder, which may be transferred only upon Executive’s death by will or operation of law.