Valid Status Sample Clauses
The Valid Status clause defines the requirement that a party, product, or service must maintain a certain legal or operational standing throughout the duration of an agreement. In practice, this may mean that a company must remain duly registered and in good standing with relevant authorities, or that a product must continue to meet regulatory certifications. This clause ensures that all parties or items involved remain eligible and compliant, thereby reducing the risk of legal or operational disruptions during the contract term.
Valid Status. 20.3.1 Upon the creation of an eVW, the Bullion the subject of the eVW shall no longer be available for trade within its Product upon MetalDesk.
20.3.2 At all times, Bullion, which is the subject of an eVW and which has a valid status, may be withdrawn from the ABX Vault Network in accordance with Clause 7. Where such a withdrawal request is made, the Allocated and Segregated item of Bullion, which is the subject of each eVW and which has a valid status, shall be debited from the Full Members Bullion Account. After this occurs, the status of the e-‐ VW will be automatically changed to “cancelled”.
Valid Status. 20.3.1 Upon the creation of an eVW, the Bullion the subject of the eVW shall no longer be available for trade within its Product upon MetalDesk.
20.3.2 At all times, Bullion, which is the subject of an eVW and which has a valid status, may be withdrawn from the ABX Vault Network in accordance with Clause 6.6. Where such a withdrawal request is made, the Allocated and Segregated item of Bullion, which is the subject of each eVW and which has a valid status, shall be debited from the Liquidity Providers Bullion Account. After this occurs, the status of the e-‐VW will be automatically changed to “cancelled”.
Valid Status. 19.3.1 Upon the creation of an eVW, the Bullion the subject of the eVW shall no longer be available for trade within its Product upon MetalDesk.