Timely Settlement Clause Samples

Timely Settlement. Client agrees that it is responsible to Pershing for timely payment and delivery in connection with the settlement of all Prime Brokerage Transactions for which ▇▇▇▇▇▇▇▇ becomes responsible pursuant to the Contractual Arrangements. Client agrees to cooperate with ▇▇▇▇▇▇▇▇ in resolving disputes with Executing Brokers related to settlement of Prime Brokerage Transactions. Client will be responsible for any Losses, including but not limited to those resulting from buy- ins or sell-outs of securities, resulting from failure to timely settle such transactions and will hold Pershing harmless in connection therewith, absent ▇▇▇▇▇▇▇▇’▇ gross negligence or willful misconduct.

Timely Settlement. Client agrees that it is responsible to Clearing Firm for timely payment and delivery in connection with the settlement of all Prime Brokerage Transactions for which Clearing Firm becomes responsible pursuant to the Contractual Arrangements. Clearing Firm agrees to cooperate with Client in resolving disputes with Executing Brokers related to settlement of Prime Brokerage Transactions.

Timely Settlement. In the last line of Section 11, after the word "and" insert "absent GS&Co.'s gross negligence, fraud or willful misconduct, ".

Timely Settlement. Client agrees that it is responsible to for timely payment and delivery in connection with the settlement of all Prime Brokerage Transactions for which becomes responsible pursuant to the Contractual Arrangements. Client agrees to cooperate with in resolving disputes with Executing Brokers related to settlement of Prime Brokerage Transactions. Client will be responsible for any losses, claims and expenses, including those resulting from buy-ins or sell-outs of securities, resulting from failure to timely settle such transactions and will hold harmless in connection therewith.