Delivery of Notes definition

Delivery of Notes in fully registered form shall be made in accordance with the Procedures. The date of the delivery to the Agents of Notes sold against delivery to the Company of funds in payment therefor is herein called the "Settlement Date."
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Delivery of Notes. The Trustee will deliver Notes to an Agent only against payment in funds available for immediate use by Ford Credit in an amount equal to the purchase price of the Notes, less such Agent's commission; provided, however, that the Trustee may deliver Notes to an Agent, receive a receipt from such Agent for such delivery and, at a later time but on the same day, receive payment in funds available for immediate use by Ford Credit in an amount equal to the purchase price agreed upon for the Notes less such Agent's commission. If a Note is accepted by an Agent and payment is not made by such Agent by the end of the day, such Agent shall promptly return such Note unless alternative arrangements are agreed to by Ford Credit. In the case of a sale made directly by Ford Credit, the Trustee will deliver the Note directly to the purchaser or his agent against payment in funds available for immediate use by Ford Credit in an amount equal to the purchase price agreed upon for the Note. To facilitate delivery to a location outside of New York City, an Agent may issue a due bill as agent for Ford Credit against payment. When a due bill is used, such Agent will deliver the Note in exchange for the due ▇▇▇l and the purchaser's receipt thereon and will mark the ▇▇▇ bill "cancelled" and send a copy of it to the Accounting Services ▇▇▇▇rtment of Ford Credit. Fails: In the event that a pu▇▇▇▇ser shall ▇▇▇l to accept delivery of and make payment for any Note, the Agent will forthwith notify the Trustee and Ford Credit's Cash Management Department by telephone and return the Note to the Trustee. Upon receipt of the Note, the Trustee will immediately debit the account of Ford Credit in an amount equal to the amount previously credited thereto in respect of the Note and will credit the account of the Agent in like amount. Such debits and credits will be made on the settlement date, if possible, and in any event not later than the Business Day following the settlement date. If such fail shall have occurred for any reason other than default by an Agent in the performance of its obligations hereunder and under the relevant Agency Agreement, Ford Credit will reimburse the Agent on an equitable basis for its loss of the use of the funds during the period when they were credited to the account of Ford Credit. Immediately upon receipt of the Note in respect of which the fail occurred, the Trustee will mark the Note "cancelled", make appropriate entries in its records and remit it to the A...
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Examples of Delivery of Notes in a sentence

  • Delivery of Notes sold through an Agent as agent shall be made by the Company to such Agent for the account of any purchaser only against payment therefor in immediately available funds.

  • Delivery of Notes sold through any Agent as agent shall be made by the Company to such Agent for the account of any purchaser only against payment therefor in immediately available funds.

  • Delivery of Notes sold through an Agent as an agent of the Company shall be made by the Company to such Agent for the account of any purchaser only against payment therefor in immediately available funds.

  • Delivery of Notes sold through a Selling Agent as agent shall be made by the Company to such Selling Agent for the account of any purchaser only against payment therefor in immediately available funds.

  • Delivery of Notes sold through a Dealer as an agent of the Trust shall be made by the Trust to such Dealer for the account of any purchaser only against payment therefor in immediately available funds.

  • Place of Delivery of Notes: The closing shall be held at the New York office of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ LLP.

  • Delivery of Notes sold through an Agent as an agent of an Issuing Trust shall be made by the Issuing Trust to such Agent for the account of any purchaser only against payment therefor in immediately available funds.

  • Delivery of Notes and Cash Payment: Upon receipt of appropriate documentation and instructions, the Company will cause the Trustee to prepare and authenticate each Note and appropriate receipts.

  • Delivery of Notes sold through an Agent as agent shall be made by the Corporation to such Agent for the account of any purchaser only against payment therefor in immediately available funds.

  • Delivery of Notes sold through the Purchasing Agent as agent shall be made by the Company to the Purchasing Agent for the account of any purchaser only against payment therefor in immediately available funds.