Settlement Netting Sample Clauses

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Settlement Netting. If, on any date, more than one delivery of a particular Currency under Currency Obligations is to be made between a pair of Settlement Netting Offices, then each Party shall aggregate the amounts of such Currency deliverable by it and only the difference between these aggregate amounts shall be delivered by the Party owing the larger aggregate amount to the other Party, and, if the aggregate amounts are equal, no delivery of the Currency shall be made.
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Settlement Netting. The settlement of each foreign exchange contract pursuant to this Agreement shall be performed by the netting settlement method in accordance with a separate agreement to be entered into between parties to this Agreement.
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Settlement Netting. (a) Notwithstanding the foregoing, if the Parties agree in Part III of the Adherence Agreement that this Section 3.2 is applicable, and if, on any date, more than one delivery of a particular Currency under Currency Obligations is to be made between a pair of Offices, then each Party shall aggregate the amounts of such Currency deliverable by it and only the difference between these aggregate amounts shall be delivered by the Party owing the larger aggre- gate amount to the other Party, and, if the aggregate amounts are equal, no delivery of the Currency shall be made. (b) The provisions of this Section 3.2 shall not apply if a Closeout Date has occurred, or a vol- untary or involuntary Insolvency Proceeding or action of the kind described in Section 5(b), (c), or (d) has occurred, without being dis- missed in relation to either Party. (c) The provisions of this Section 3.2 shall apply notwithstanding that either Party may fail to record the new Currency Obligation in its books. (d) The provisions of this Section 3.2 are subject to any cutoff date and cutoff time agreed upon between the applicable Offices of the Parties.
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Settlement Netting. The settlement netting provisions of Section 3.2 of the Terms shall not be effective unless otherwise specified in this Part III. [If such provisions are effective, the following Offices shall form the relevant branch pairs for the purposes thereof: Party A: Party B: And such provisions shall be effective as of [the Effective Date].]
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Settlement Netting. Offices -------------------------- Each of the following shall be a Settlement Netting Office: Party A: Same as in Part II. Party B: Same as in Part II. B. Novation Netting Offices ------------------------ Each of the following shall be a Novation Netting Office: Party A: Same as in Part V-A. Party B: Same as in Part V-A.
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Settlement Netting. If any delivery date on which the Customer is obligated to effect the sale to the Bank of a certain currency (“First Currency”) in exchange for another currency (“Second Currency”) pursuant to an individual foreign exchange transaction (“Transaction “A””) coincides with a delivery date on which the Bank is obligated to effect the sale to the Customer the First Currency in exchange for the Second Currency pursuant to another foreign exchange transaction (“Transaction “B””), the settlement of such contracts shall be performed automatically on a net payment basis in such manner as described below and the respective payment obligation of the Bank and the Customer under Transaction “A” and Transaction “B” shall be deemed to be satisfied and discharged on the delivery date by the net settlement.
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Related to Settlement Netting

  • Settlement With respect to any Third Party Claims that relate solely to the payment of money damages in connection with a Third Party Claim and that will not result in the Indemnified Party’s becoming subject to injunctive or other relief or otherwise adversely affecting the business of the Indemnified Party in any manner, and as to which the indemnifying Party will have acknowledged in writing the obligation to indemnify the Indemnified Party hereunder, and subject to the Litigation Conditions being satisfied, the indemnifying Party will have the sole right to agree to the entry of any judgment, enter into any settlement or otherwise dispose of such Loss, on such terms as the indemnifying Party, in its sole discretion, will deem appropriate. With respect to all other Losses in connection with Third Party Claims, where the indemnifying Party has assumed the defense of the Third Party Claim in accordance with Section 9.6(d)(i), the indemnifying Party will have authority to agree to the entry of any judgment, enter into any settlement or otherwise dispose of such Loss provided it obtains the prior written consent of the Indemnified Party (such consent not to be unreasonably withheld, delayed or conditioned). The indemnifying Party will not be liable for any settlement or other disposition of a Loss by an Indemnified Party that is reached without the prior written consent of the indemnifying Party. Regardless of whether the indemnifying Party chooses to defend or prosecute any Third Party Claim, no Indemnified Party will admit any liability with respect to or settle, compromise or discharge, any Third Party Claim without the prior written consent of the indemnifying Party, such consent not to be unreasonably withheld, delayed or conditioned.

  • Disputes Settlement (1) Should any dispute arise as to the operation of this agreement and the parties are unable to resolve that dispute by amicable negotiation the parties shall refer such dispute to the Industrial Relations Commission for - (a) conciliation in the first instance and failing that (b) for arbitration. (2) Should any dispute arise as to the operation of a "training" agreement such dispute shall be resolved through the settlement mechanisms presented by the Industrial Training ▇▇▇ ▇▇▇▇.

  • The Settlement Following mediation with a neutral party, a Settlement has been reached. As part of the Settlement, a Qualified Settlement Fund of $39,500,000 will be established to resolve the Class Action. The Net Settlement Amount is $39,500,000 minus any Administrative Expenses (including taxes and tax expenses), Court-approved Attorneys’ Fees and Costs, and Class Representative Compensation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court.

  • Settlement Funds For the purpose of settling a Securities transaction, Customer will provide BNY Mellon with sufficient immediately available funds or Securities, as applicable, in the relevant Account by such time and date as is required to enable BNY Mellon to settle such transaction in the country of settlement and in the currency to be used to settle such transaction.

  • Full Settlement; No Mitigation The Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against Executive or others. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement and such amounts shall not be reduced whether or not Executive obtains other employment.