Recall Period definition
Examples of Recall Period in a sentence
Upon any such termination, the Counterparty shall be required, to the extent that the relevant Counterparty Agreement so permits to effect a transfer of Equivalent Securities within the Recall Period.
Unless otherwise indicated to the Funds by the Bank, the Recall Period for each type of security shall be the relevant standard settlement period for such security.
Unless otherwise indicated to the Client by the Bank, the Recall Period for each type of security shall be the relevant standard settlement period for such security.
BTC shall thereupon promptly recall the securities from the borrower, within the recall period specified by BTC's agreement with the borrower, which shall not be later than the fifth business day (but, in the case of U.S. equity securities, the third business day, and, in the case of Government Securities, the first business day) following the business day on which BTC gives a notice recalling the securities to the borrower (the "Recall Period").
If, on the day BTC receives the Recall Notice, (i) the borrower is closed for business or (ii) the principal market for the loaned securities is closed for trading, the Recall Period will commence on the next business day on which both the borrower and the principal trading market are open.
During the Recall Period, teachers who have been laid off but who have selected to work as Short- Term Substitutes, Long-Term Substitutes, or Interim-Service Status teachers shall be compensated at the particular rate of pay applicable to any of the aforesaid categories.
After the Recall Period, the DBO Contractor shall remain responsible for such guarantee as provided for by law and this Agreement.
Upon any such termination, the Counterpart shall be required, under the Counterpart Agreement, to deliver Equivalent Securities within the Recall Period.
The DBO Contractor shall diligently perform, at the written request of the Owner at any time within the Recall Period, all corrective engineering and design services, required in connection therewith, necessary to conform to the foregoing guarantee.
If any Products, including any material or Equipment are found to be defective during the Recall Period, the DBO Contractor shall at its sole expense repair or replace such defective material or Equipment after receipt of written notice from the Owner to do so.