Time for Settlement Clause Samples
The "Time for Settlement" clause defines the specific date or period by which the parties must complete the settlement of a transaction, such as the transfer of property or payment of funds. Typically, this clause outlines the exact day when all contractual obligations—like payment of the purchase price and delivery of documents—must be fulfilled, and may also address what happens if the settlement is delayed. Its core practical function is to provide certainty and structure to the transaction timeline, ensuring both parties are aware of and prepared for the critical deadline, thereby reducing the risk of disputes or misunderstandings regarding when settlement should occur.
Time for Settlement. Settlement with the Home buyer following a termination shall be make as promptly as possible after all charges provided in Section 9.4 have been determined and the IHA has given the Home buyer a statement of such charges. The Home buyer may obtain settlement before determination of the actual cost of any maintenance required to put the home in satisfactory condition for the next occupant, if the Home buyer is willing to accept the IHA=s estimate of the amount of such cost. In such case, the amounts to be charged for such maintenance shall be based on the IHA=s estimate of the cost thereof.
Time for Settlement. Vested RSUs will be settled promptly on the first day of the month following the termination of Participant’s director relationship constituting a “separation from service” as defined in Code Section 409A with the Company for any reason, including Death, disability or Involuntary Termination.
Time for Settlement. Unless otherwise provided in Paragraph 8 hereof, the closing under the terms of this Agreement for sale by Seller and purchase by Buyer of the Parcels shall be made not later than fifteen (15) calendar days after Seller has given written notice to Buyer that the Conditions Precedent, as said term is defined in Paragraph 2 (v), have been satisfied but in no event sooner than the 30th day of November 1995 or later than the 15th day of December 1995 (herein referred to as the "Time of Settlement"). The settlement shall be at a place designated by Seller. At the Time for Settlement, title to the Parcels shall be conveyed to Buyer by a public deed pursuant to the terms and conditions contained herein. The payment by Buyer of the Purchase Price and any other amounts of money owed to Seller by Buyer under this Agreement shall be made at the Time of Settlement, in exchange for the delivery by the Seller to Buyer of the deed referred to in Paragraph 7 hereof (hereinafter referred to as the "Deed of Sale"), in (i) cash or cashier's check drawn on a banking institution doing business in Puerto Rico in favor of Seller in the amount by which the Purchase Price and any such other amounts owed to Seller by Buyer under this Agreement exceeds the E▇▇▇▇▇▇ Money.
Time for Settlement. Settlement must take place on the Settlement Date at the Purchaser's office or at such other place or time as the Parties may agree.
Time for Settlement. Settlement shall be effected before 3pm New Zealand time on Settlement Date. Should you fail to settle prior to 3pm on Settlement Date, so long as the failure has not been caused by our default, you will pay us interest on the amount required to settle calculated at the interest rate for late settlement detailed in this Agreement from and including Settlement Date up to and including the date on which you settle.
Time for Settlement. Execution under the terms of the Agreement of Sale for sale by Seller and purchase by Buyer of the First Phase Parcels shall be made no later than the 31st day of March 1995 (herein referred to as the "Time of Settlement of the First