Settlement by physical delivery Sample Clauses

Settlement by physical delivery. (a) Notices of Intention to Deliver The settlement of positions by physical delivery can only take place when the seller wishes to make delivery and there are buyers interested in taking delivery. The seller who decides to make delivery shall tender to BM&F a Notice of Intention to Deliver, through the seller’s Brokerage House, during the period between the fifth business day preceding and including the last trading day and the business day preceding and including the last trading day. During this period, the Notice of Intention to Deliver may be tendered from 08:30 to 18:00 (local time), and must be docketed by the BM&F Derivatives Clearinghouse. The Notices of Intention to Deliver tendered up to 09:00 (local time) of a certain trading day shall be disclosed to the market on the same day; those tendered after 09:00 (local time) shall be disclosed to the market on the following business day. The Notices of Intention to Deliver shall remain available on the floor up to and including the last trading day. The buyers interested in taking delivery shall communicate this intention to BM&F on the same day. The buyers who have held long positions for the greatest amount of time shall have priority. Should no buyer be interested in taking delivery, the position(s) shall be settled by the price index, as referred to in item 12.1. Should a seller tender a Notice of Intention to Deliver after 09:00 (local time) and decide, by executing a buying transaction, to offset his/her/its position or reduce it to a number of contracts smaller than the one specified in the Notice, he/she/it must communicate this fact to BM&F by no later than 18:00 (local time) of that trading day, whereupon the Exchange shall cancel the Notice of Intention to Deliver. Should there be sellers interested in making delivery and buyers interested in taking delivery, as confirmed by BM&F, both parties shall agree upon a date of weighing, which shall be done on any day of the period between and including the second and the eighth business days following the last trading day. The Brokerage House representing the seller must communicate this agreement to BM&F, by tendering a Delivery Notice no later than 18:00 (local time) of the sixth business day following the last trading day. Should BM&F not receive the Delivery Notice within the established period, it shall obligatorily determine the date of the weighing. The seller must attach the following documentation to the Delivery Notice for invoice purpose...
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Related to Settlement by physical delivery

  • Physical Delivery All notices must be in writing, except as provided in § 27.2. Any document, including a signed 698 document or notice, from or on behalf of Seller, and delivered to Buyer is effective when physically received by Buyer, any 699 signatory on behalf of Buyer, any named individual of Buyer, any representative of Buyer, or Brokerage Firm of Broker working 700 with Buyer (except for delivery, after Closing, of the notice requesting mediation described in § 23 and except as provided in 701 § 27.2). Any document, including a signed document or notice, from or on behalf of Buyer, and delivered to Seller is effective 702 when physically received by Seller, any signatory on behalf of Seller, any named individual of Seller, any representative of Seller, 703 or Brokerage Firm of Broker working with Seller (except for delivery, after Closing, of the notice requesting mediation described 704 in § 23 and except as provided in § 27.2).

  • Personal Delivery When personally delivered to the recipient, notice is effective upon delivery.

  • Material Delivery Within 60 days after award date, Purchaser shall provide Forest Service a written schedule showing the desired delivery dates of any material to be supplied by Forest Service. With reasonable notice, schedule may be amended by agreement. Forest Service agrees to make delivery within 15 days after the scheduled delivery dates that are at least 60 days after the schedule is submitted, unless prevented by causes beyond control of Forest Service. If Purchaser does not provide Forest Service the written schedule within the period provided in this Subsection, Forest Service agrees to make delivery within 90 days after a late schedule is submitted, unless prevented by causes beyond control of Forest Service. After delivery to and written receipt by Purchaser, Purchaser is responsible for installation of needed material and for any loss of or damage to such material due to Purchaser's negligence prior to installation or return of unused material to Forest Service. At Purchaser’s option, Forest Service deliveries shall be to Purchaser’s storage area, as agreed, or to the nearest practicable point to the job site along existing roads. Unused material shall be returned to Forest Service at location of delivery, unless agreed otherwise.

  • Delivery (a) Any communication or document made or delivered by one person to another under or in connection with the Finance Documents will only be effective:

  • No Transmission Delivery Service The execution of this Agreement does not constitute a request for, nor agreement to provide, any Transmission Service under the NYISO OATT, and does not convey any right to deliver electricity to any specific customer or Point of Delivery. If Developer wishes to obtain Transmission Service on the New York State Transmission System, then Developer must request such Transmission Service in accordance with the provisions of the NYISO OATT.

  • Overnight Delivery When delivered by an overnight delivery service, charges prepaid or charged to the sender’s account, notice is effective on delivery, if delivery is confirmed by the delivery service.

  • SPECIAL DELIVERY INSTRUCTIONS All shipments will be FOB destination (as specified on Ordering Entity Purchase Order).

  • FAILURE TO HONOUR SETTLEMENT AGREEMENT 32. If this Settlement Agreement is accepted by the Hearing Panel and, at any subsequent time, the Respondent fails to honour any of the Terms of Settlement set out herein, Staff reserves the right to bring proceedings under section 24.3 of the By-laws of the MFDA against the Respondent based on, but not limited to, the facts set out in Part IV of the Settlement Agreement, as well as the breach of the Settlement Agreement. If such additional enforcement action is taken, the Respondent agrees that the proceeding(s) may be heard and determined by a hearing panel comprised of all or some of the same members of the hearing panel that accepted the Settlement Agreement, if available.

  • Delivery of Notice A notice to a party shall be deemed to have been delivered and received upon the earliest of the following to occur: (1) the actual receipt of the written notice by a party; (2) in the case of delivery by a Delivery Service, when the written notice is delivered to an address of a party set forth herein (or subsequently provided by the party following the notice provisions herein), provided that a record of the delivery is created; (3) in the case of delivery electronically, on the date and time the written notice is electronically sent to an e-mail address or facsimile number of a party herein (or subsequently provided by the party following the notice provisions herein). Notice to a party shall not be effective unless the written notice is sent to an address, facsimile number or e-mail address of the party set forth herein (or subsequently provided by the party following the notice provisions herein).

  • Electronic Execution and Delivery A digital reproduction, portable document format (“.pdf”) or other reproduction of this Agreement may be executed by one or more parties hereto and delivered by such party by electronic signature (including signature via DocuSign or similar services), electronic mail or any similar electronic transmission device pursuant to which the signature of or on behalf of such party can be seen. Such execution and delivery shall be considered valid, binding and effective for all purposes.

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