Settlement Facilities definition

Settlement Facilities means credit facilities obtained by the Company or any Subsidiary that provide for funding of short-term timing differences related to customer settlements.
View Source
Settlement Facilities credit facilities obtained by GPI or any of its Subsidiaries that provide for funding of short-term timing differences related to customer settlements, substantially similar to this Agreement.
View Source

Examples of Settlement Facilities in a sentence

  • You are not required to opt-in to both of the Settlement Facilities, but can choose to enter into either one (or both).

  • If you are a Qualified Investor and wish to opt-in and participate in either (or both) of the Settlement Facilities, you must complete this form and return it to the Trustee no later than , .

  • If you fail to complete and timely return this form, you will not share in any pro rata distributions from the Settlement Facilities.

  • Failure to complete and return this form means that you have chosen not to opt-in to either of the Settlement Facilities.

  • The funds placed into the Settlement Facilities are available for distribution on a pro rata basis to Qualified Investors (as defined in the Settlement).

  • Upon approval of this Settlement, SPP will submit a pro forma version of the MDU NITSA and MDU NOA, in clean and redlined format, that includes the MDU Settlement Facilities through the Commission’s eTariff system, no later than thirty (30) days after Commission approval of this Settlement, to implement the agreed-upon revisions to the MDU NITSA, as reflected in Appendix 1.

  • Settlement Facilities Subject to paragraph (b), the Operator and all Market Participants must use the Austraclear electronic cash transfer system for the payment of amounts specified in Final Statements.