Settlement Day Sample Clauses
The Settlement Day clause defines the specific date on which the final exchange of funds and legal ownership of an asset, such as real estate or securities, takes place between the parties involved in a transaction. In practice, this clause sets a clear deadline for both parties to fulfill their contractual obligations, such as payment of the purchase price and transfer of title or shares. By establishing a fixed settlement date, the clause ensures certainty and coordination, reducing the risk of disputes or delays in completing the transaction.
Settlement Day a specific day of the month following the Billing Period, when the amount calculated for the Services provided to the Subscriber of the postpaid system during the Billing Period and payable by the Subscriber is summed up, on the basis of which the invoice is generated (it is one day of the month).
Settlement Day. 28 Six-Month Average Net Customer Receivables....................................
Settlement Day. First Banking Day after the Invoicing Day when the relevant financial Settlement shall take place.
Settlement Day. In the definition of “Settlement Day” in Paragraph 10, sub-paragraph
(i) shall be deleted in its entirety and replaced with the following:
(i) with respect to a transfer of cash or other property (other than securities), the same Local Business Day and” The summary of the Initial Bond Collateral and the Swap Transaction set out below is qualified by reference to the detailed terms and conditions of the Initial Bond Collateral and the detailed provisions of the Derivative Agreement, respectively.