Settlement failures Sample Clauses

Settlement failures. There may be circumstances beyond our control which mean that we are unable to settle your transactions (a settlement failure). If this occurs, we will notify you as soon as reasonably practicable, discuss with you your options for settlement and use our reasonable endeavours to settle the trade for you. However:
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Settlement failures. Failure to settle risks the reputation of the organisation and may bring the market into disrepute. Partial settlement is to be encouraged, however the counterparty retains the discretion to accept or reject a partial settlement. It is the obligation of the seller to immediately inform the buyer of any circumstance which threatens the settlement process (11:00am or as soon as known) so that the buyer, in the event the seller subsequently cannot deliver, can endeavour to cover the short position in the underlying security or make alternative arrangements that are agreeable to both counterparties. In the event of difficulties that arise towards end of day (after 3:00pm AEST) both counterparties must make all reasonable efforts to arrange alternatives. It is the obligation of the failing party to exercise due diligence to settle. If the failing party is offered bonds/securities to cover a fail then it is obliged to cover the fail by borrowing the offered bonds/securities. Dealers are expected at all times to be aware of the supply characteristics of any particular line of bonds/securities, and particularly be aware if a line is in short supply. If the repo rate on a particular line of bonds/securities falls, this is an indication of illiquidity and dealers should ensure that they have adequate bonds/securities available for future settlements. Dealers should not repo bonds/securities unless they believe that they can deliver those bonds/securities at settlement.
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Settlement failures. If you are unable to settle a Digital Asset Transaction when required to do so, or if we are unable or it would be a contravention of Applicable Law, including AML/CTF Requirements for us to settle a Digital Asset Transaction when required to do so when acting on your Instruction, and if your and/or our best efforts to settle do not resolve the settlement failure, then we may in our sole discretion treat such settlement failure as an Event of Default in accordance with clause 20.2.
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Settlement failures. Customer understands and agrees that in the -------------------- event it fails to fully satisfy its settlement obligations in a timely manner as required by Section 2.08(a), above, IPS and/or Bank shall be entitled (but not obligated), immediately and without prior written notice to Customer or its Clients, to: (i) return all Checks for which Customer has failed to settle and all subsequently presented Checks; (ii) instruct any relevant clearing organization not to present and/or to return all subsequently presented Checks; (iii) pursue all other remedies set forth in this Agreement or any schedule or exhibit hereto; and (iv) pursue all other legal and equitable remedies, including, without limitation, reimbursement for the amount of any such Checks for which IPS is held responsible from Customer or Customer's Client(s), and to recover the actual and reasonable costs and expenses of exercising the preceding rights in clauses (i) through (iv). In any such event in which a partial settlement is received, IPS shall, in addition to the other remedies set forth or referred to herein, be permitted to allocate the partial settlement to such Checks as it deems appropriate in its sole and absolute discretion. TIME IS OF THE ESSENCE IN CUSTOMER'S FULFILLMENT OF ITS SETTLEMENT OBLIGATIONS HEREUNDER.
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Settlement failures. 6.1 If we have made the onward payment as part of the services under this Appendix (for example, paid the purchased currency into your Novatum Electronic Money Account or remitted a payment to your intended recipient) and, for any reason:
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Settlement failures. ‌ Failure to settle risks the reputation of the organisation and may bring the market into disrepute. Partial settlement is to be encouraged; however, the counterparty retains the discretion to accept or reject a partial settlement. It is the obligation of the seller to inform the buyer of any possibility of settlement default at an appropriate time (11:00am NZT) so that the buyer can endeavour to cover the short position in the underlying security or make alternative arrangements that are agreeable to both counterparties. In the event of difficulties that arise towards end of day (after 3:00pm NZT) both counterparties must make all reasonable efforts to arrange alternatives. It is the obligation of the failing party to exercise due diligence to settle. If the failing party is offered bonds/securities to cover a fail, then it is obliged to cover the fail by borrowing the offered bonds/securities. Dealers should be aware if a particular line of bonds/securities is in short supply. If the repo rate on a particular line of bonds/securities falls, this is an indication of illiquidity and dealers should ensure that they have adequate bonds/securities available for future settlements. Dealers should not repo bonds/securities unless they believe that they can deliver those bonds/securities at settlement.
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Related to Settlement failures

  • Settlement Price For any Valuation Date, the per Share volume-weighted average price as displayed under the heading “Bloomberg VWAP” on Bloomberg page CAMP <equity> AQR (or any successor thereto) in respect of the period from the scheduled opening time of the Exchange to the Scheduled Closing Time on such Valuation Date (or if such volume-weighted average price is unavailable, the market value of one Share on such Valuation Date, as determined by the Calculation Agent). Notwithstanding the foregoing, if (i) any Expiration Date is a Disrupted Day and (ii) the Calculation Agent determines that such Expiration Date shall be an Expiration Date for fewer than the Daily Number of Warrants, as described above, then the Settlement Price for the relevant Valuation Date shall be the volume-weighted average price per Share on such Valuation Date on the Exchange, as determined by the Calculation Agent based on such sources as it deems appropriate using a volume-weighted methodology, for the portion of such Valuation Date for which the Calculation Agent determines there is no Market Disruption Event.

  • Settlement Amount If the Non-Defaulting Party has declared an Early Termination Date pursuant to Section 7.2(b), the Non-Defaulting Party shall have the right to (i) accelerate all amounts owing between the Defaulting Party and the Non-Defaulting Party and to liquidate and terminate the undertakings set forth in this Agreement as between the Defaulting Party and the Non-Defaulting Party; and (ii) withhold any payments due to the Defaulting Party under this Agreement pending payment of the Termination Payment. The Non-Defaulting Party will calculate, in a commercially reasonable manner, the Settlement Amount with respect to the Defaulting Party’s obligations under the Agreement and shall net the Settlement Amount in the manner provided for in Section 7.3(c).

  • PRICE ESCALATION/DE-ESCALATION (CPI) The County may allow a price escalation provision within this award. The original contract prices shall be firm for an initial one (1) year period. A price escalation/de-escalation will be considered at one (1) year intervals thereafter, provided the Contractor notifies the County, in writing, of the pending price escalation/de-escalation a minimum of sixty (60) days prior to the effective date. Price adjustments shall be based on the latest version of the Consumers Price Index (CPI-U) for All Urban Consumers, All Items, U.S. City Average, non-seasonal, as published by the U.S. Department of Labor, Bureau of Labor Statistics. This information is available at xxx.xxx.xxx. Price adjustment shall be calculated by applying the simple percentage model to the CPI data. This method is defined as subtracting the base period index value (at the time of initial award) from the index value at time of calculation (latest version of the CPI published as of the date of request for price adjustment), divided by the base period index value to identify percentage of change, then multiplying the percentage of change by 100 to identify the percentage change. Formula is as follows: Current Index – Base Index / Base Index = % of Change % of Change x 100 = Percentage Change CPI-U Calculation Example: CPI for current period 232.945 Less CPI for base period 229.815 Equals index point change 3.130 Divided by base period CPI 229.815 Equals 0.0136 Result multiplied by 100 0.0136 x 100 Equals percent change 1.4% A price increase may be requested only at each time interval specified above, using the methodology outlined in this section. To request a price increase, Contractor shall submit a letter stating the percentage amount of the requested increase and adjusted price to the Orange County Procurement Division. The letter shall include the complete calculation utilizing the formula above, and a copy of the CPI-U index table used in the calculation. The maximum allowable increase shall not exceed 4%, unless authorized by the Manager, Procurement Division. All price adjustments must be accepted by the Manager, Procurement Division and shall be memorialized by written amendment to this contract. No retroactive contract price adjustments will be allowed. Should the CPI-U for All Urban Consumers, All Items, U.S City Average, as published by the U.S. Department of Labor, Bureau of Labor Statistics decrease during the term of the contract, or any renewals, the Contractor shall notify the Orange County Procurement Division of price decreases in the method outlined above. If approved, the price adjustment shall become effective on the contract renewal date. If the Contractor fails to pass the decrease on to the County, the County reserves the right to place the Contractor in default, cancel the award, and remove the Contractor from the County Vendor List for a period of time deemed suitable by the County. In the event of this occurrence, the County further reserves the right to utilize any options as stated herein.

  • Weekend Differential Employees assigned to State institutions other than Maine State Prison shall be eligible for a weekend differential of fifty cents ($.50) per hour to the base for shifts beginning between 10:00 p.m. Friday and 9:59 p.m.

  • Resettlement Carrying out resettlement and rehabilitation of Displaced Persons in connection with the implementation of Parts 1, 2 and 3 of the Project. SCHEDULE 2

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