Settlement Obligation Sample Clauses
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Settlement Obligation. All Instructions will be given by the Client and executed by SICO Capital with the understanding that an actual purchase or sale is intended and that it is the Client’s intention and obligation in every case to deliver property or documents of title to cover any and all sales and in the case of purchases to receive and pay for property or documents of title, and that the Client will do so upon SICO Capital demand. If SICO Capital makes a short sale of any Investment at the Client’s direction or if the Client fails to deliver to SICO Capital any Investment or documents of title representing any Investment which SICO Capital sold pursuant to the Client’s Instruction, SICO Capital is authorized to borrow or acquire any property or documents of title and the Client agrees to be responsible for the cost or loss that SICO Capital may incur in so doing. No settlement of the Portfolio Account with the Client may occur without SICO Capital first receiving all Investments or documents of title for which the Portfolio Account is short and all Investments or documents of title in which the Portfolio Account is long being paid for in full, and the Investments or documents of title then delivered. The Client appoints SICO Capital to be the authorized agent to complete all such transactions and authorizes SICO Capital to make advances and expend such monies as may be required. Margin Trading. Subject to the requirements of applicable law, SICO Capital may, in its discretion, offer margin trading facilities to the Client, in which case a separate written agreement will be executed between SICO Capital and the client. Prior to offering margin trading facilities to the Client SICO Capital will carry out an assessment of the Client's financial standing and the Client agrees to provide SICO Capital with the information required by SICO Capital to carry out this assessment. Details of the maximum amount of any credit to be extended to the Client together with details of any charges will be notified to the Client in the separate margin trading agreement. SICO Capital shall have the right to determine, at its discretion, the margin requirements for the Portfolio and/or individual Investments therein. SICO Capital shall also have the right in accordance with its general policies regarding margin maintenance, to require additional collateral or the liquida- tion of part or all of the Portfolio Account. SICO Capital will, on a best efforts basis, try to inform the Client of its int...
Settlement Obligation. In the event that Parent terminates this Agreement pursuant to Section 12.01(b) or the Company terminates this Agreement pursuant to Section 12.01(d), then Parent agrees to enter into a formal written settlement agreement, pursuant to the terms attached hereto in Exhibit D, providing for a complete release of claims among all parties with respect to the Micro-Probe Case, and for filing a dismissal with prejudice of such matter. Notwithstanding anything in Exhibit D to the contrary, such settlement shall not require that any payment be made by the Company, any of its Subsidiaries or ▇▇. ▇▇▇▇▇▇ to Parent (as long as this Agreement has not been terminated pursuant to this Article 12), nor shall it require that any amount be deducted from the consideration payable by Parent to the Company’s equityholders pursuant to the transactions contemplated by this Agreement.
Settlement Obligation. You agree that it is your absolute, unconditional, and unassignable obligation, in connection with each transaction effected on the Cboe Digital Trading Platform for your own account, to ensure the timely delivery to Cboe Clear Digital of the Tradable Product and/or funds as well as any required fees or expenses to satisfy in full the settlement of any transaction entered into by you as a DATP.
Settlement Obligation. On the First Amendment Effective Date, in consideration of Contractor’s release of claims set forth in Section 3.08(b)(ii), United agrees to accrue a payment obligation to Contractor (the “Settlement Obligation”) in an amount equal to the sum of (i) $[***] and (ii) all interest accrued thereon from the First Amendment Effective Date at a rate of [***]% per annum, compounded annually. The Settlement Obligation shall (i) be unsecured, (ii) be evidenced by negotiable instruments in the form attached hereto as Exhibit B provided by United at Contractor’s request, (iii) be absolute and unconditional and not be subject to any offset and (iv) be paid in full on February 28, 2023 (or before such date if United so elects in its sole discretion).
Settlement Obligation. Fulfillment of Settlement Obligations shall be carried out on the next trading day after the last date for concluding the Contract (hereinafter “the Contract Settlement Date”). The variation margin obligation on the Contract Settlement Date shall be the Settlement Obligation.
Settlement Obligation. In full consideration of the resolution and release of any and all claims the Parties may now or in the future have against the other Party with respect to the Disputes (the “Claims”), the Parties agree to the following (the “Settlement Terms”):
▇. ▇▇▇▇▇▇ will pay the balance due from INV00152 for US Batch P4081-0013 in the amount of $[*****] by or before January 15, 2023.
▇. ▇▇▇▇▇▇ will pay the outstanding Quarterly Minimum Balance invoice INV00174 dated [*****], 2022, in the amount of $[*****] by or before January 15, 2023.
c. Furthermore, the Parties agree that the following batches to be delivered by Catalent will count toward the unpaid minimum commitment of $[*****] for 4Q 2022. The invoice for the $[*****] minimum commitment will be sent to Acorda in accordance with the Agreement (e.g. early January 2023) and Acorda will pay the $[*****] minimum commitment in accordance with the payment terms found in Section 3.2(c) of the Agreement (within [*****] of the receipt of the invoice): Such batches will be delivered to Acorda in accordance with the terms of the Agreement at no additional cost beyond the $[*****] minimum commitment identified in (c) of this Section 4. For clarity, Acorda has no obligation to pay any interest on amounts subject to the Disputes as set forth in Section 3.2(c) of the Agreement. For the avoidance of doubt, to the extent the terms of Section 3.2(b) of the Agreement conflict with the terms herein, the terms herein shall supersede such conflicting terms. Each party accepts and acknowledges that it is responsible for any and all tax payments, if any, associated with the Settlement Terms, and agrees to indemnify and hold harmless the other party and its agents, assigns and insurers from and against all claims, assessments, demands, penalties and/or interest of any nature or description, asserted by any authorized governmental taxing authority as a result of the Settlement Terms. This Settlement Agreement does not release either Party from any other financial obligations it may have under the Agreement, or any other Purchase Orders executed between Catalent and Acorda, including, without limitation, with respect to the manufacture of batches, Acorda’s products, or services performed by Catalent.
Settlement Obligation. All Instructions will be given by the Client and executed by NOMW with the understanding that an actual purchase or sale is intended and that it is the Client’s intention and obligation in every case to deliver property or documents of title to cover any and all sales and in the case of purchases to receive and pay for property or documents of title, and that the Client will do so upon NOMW’s demand. if the Client fails to deliver to NOMW any Investment or documents of title representing any Investment which NOMW sold pursuant to the Client’s Instruction, NOMW is authorized to borrow or acquire any property or documents of title and the Client agrees to be responsible for the cost or loss that NOMW may incur in so doing. No settlement of the Portfolio Account with the Client may occur without NOMW first receiving all Investments or documents of title for which the Portfolio Account is short and all Investments or documents of title in which the Portfolio Account is long being paid for in full, and the Investments or documents of title then delivered. The Client appoints NOMW to be the authorized agent to complete all such transactions and authorizes NOMW to make advances and expend such monies as may be required.
Settlement Obligation. All Instructions will be given by the Client and executed by the Company with the understanding that an actual purchase or sale is intended and that it is the Client’s intention and obligation in every case to deliver property or documents of title to cover any and all sales and in the case of purchases to receive and pay for property or documents of title, and that the Client will do so upon the Company’s demand. If the Company makes a short sale of any Investment at the Client’s direction or if the Client fails to deliver to the Company any Investment or documents of title representing any Investment which the Company sold pursuant to the Client’s Instruction, the Company is authorized to borrow or acquire any property or documents of title and the Client agrees to be responsible for the cost or loss that the Company may incur in so doing. No settlement of the Portfolio Account with the Client may occur without the Company first receiving all Investments or documents of title for which the Account is short and all Investments or documents of title in which the Portfolio Account is long being paid for in full, and the Investments or documents of title then delivered. The Client Outsourcing. the Company reserves the right, in the context and circumstances authorized by the applicable legislation and regulations, to delegate to one or more external entities, the task of providing certain important services forming part of the Services under this Agreement.