Delayed Settlement definition

Delayed Settlement means the process during which the funds will be credited to You after all FICA/KYC compliance requirements have been met.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Delayed Settlement means either a Counterparty Delayed Settlement or an Authorized Participant Delayed Settlement;

Delayed Settlement. We expect that the delivery of the bonds offered hereby will be made against payment therefor on or about the settlement date specified above, which will be the third business day following the date of this term sheet. Under rules of the Securities and Exchange Commission, trades in the secondary market generally are required to settle in two business days, unless the parties to that trade expressly agree otherwise. Accordingly, purchasers who wish to trade the bonds offered hereby before the second business day prior to the settlement date specified above will be required, by virtue of the fact that the normal settlement date for that trade would occur prior to the settlement date for the issuance of the bonds offered hereby, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement, and should consult their own advisors with respect to these matters.

Examples of Delayed Settlement in a sentence

• For the avoidance of doubt, in the event of a Change in Control that is not also a 409A Change in Control Event and, as a result, such Restricted Stock Units are not to be settled until the Delayed Settlement Date, such vested Restricted Stock Units shall represent the right to receive the consideration received by the shareholders of the Company in connection with such Change in Control on the Delayed Settlement Date.

• With respect to any Manual Purchase, only the Purchase Amount designated when placing the Manual Purchase shall be credited to Broker-Dealer’s Account on a Delayed Settlement basis.

• With respect to any Failed Trade, if a portion of the Purchase Amount is timely received by the Fund Company (i.e., in the form of a Federal Funds wire by 4:00 pm Eastern Time on T+1, then the amount so received shall be credited to Broker-Dealer’s Account on a Delayed Settlement basis.

• Subject to the terms and conditions set forth in these Operating Procedures, in the case of any purchase Order for shares of a Fund that is transmitted to the Fund Company by Broker-Dealer other than through Fund/SERV, in accordance with all applicable requirements of this Agreement (a “Manual Purchase”), the Fund Company shall credit Broker-Dealer’s Account with the purchase of such shares on a Delayed Settlement basis.

• The amount by which ▇▇▇▇▇▇▇▇’s Order is executed and exceeds the applicable Client Asset available in the Borrower’s Trading Balance shall constitute the specific quantity of a Trade Credit unless, for the avoidance of doubt, such Order is a Delayed Settlement OTC Order.

• In the absence of Trade Credits or other financing arrangement authorized by Coinbase, and unless such Order is a Delayed Settlement OTC Order in accordance with Section 8 of the MTA, Borrower must pre-fund its Trading Balance on the Trading Platform with Cash or Digital Assets in order to buy or sell Digital Assets on the Trading Platform.

• If the Award is subject to Section 409A of the Code and there is a Delayed Settlement that extends beyond December 31 of the year in which the Award Payment Date occurs, unless Participant timely complies with the notification and enforcement provisions of Treas.

• Solely with respect to Delayed Settlement OTC Orders, under certain circumstances, Coinbase may agree that neither pre-funding nor a credit arrangement with Coinbase is required.

• Notwithstanding anything herein to the contrary, this CTF Agreement does not apply to Delayed Settlement OTC Orders and no Trade Credit or other financing shall be extended in connection therewith.

• For the avoidance of doubt, in the event of a Change in Control that is not also a 409A Change in Control Event and, as a result, such Restricted Stock Units are not settled until the Delayed Settlement Date, such vested Restricted Stock Units shall represent the right to receive the consideration received by the shareholders of the Company in connection with such Change in Control on the Delayed Settlement Date.

More Definitions of Delayed Settlement

Delayed Settlement means that, as applicable, (i) shares of a VVIF Portfolio may be credited to the Intermediary’s account at the share price calculated on the date of the Intermediary’s receipt of the Instructions or Account transaction directions corresponding to the purchase Order (T) notwithstanding the fact that Vanguard will not receive the settlement proceeds for the Purchase Amount of such Manual Purchase until the next Business Day following the Intermediary’s receipt of such Instructions or Account transaction directions (T+1), or (ii) shares of a VVIF Portfolio may be redeemed from the Intermediary’s account at the share price calculated on the date of the Intermediary’s receipt of the Instructions or Account transaction directions corresponding to the redemption Order (T) notwithstanding the fact that Vanguard will not deliver the settlement proceeds for the Redemption Amount until the second Business Day after the Intermediary’s receipt of such Instructions or Account transaction directions (T+2). “Purchase Amount” shall mean, with respect to any Manual Purchase, the total dollar value of shares to be purchased (including any applicable purchase or transaction fees). “Redemption Amount” shall mean, with respect to any Manual Redemption, the total dollar value of shares to be redeemed (including any applicable redemption or transaction fees).