Settlement Time definition

Settlement Time means any time within two Business Days immediately following the Creation Order Date or the Redemption Order Date, as applicable.

Settlement Time. – means, with respect to a particular Transaction and a particular Business Day, the time on such Business Day as established by the Corporation in the Operations Manual and if no Business Day is specified, the time on the next Business Day following the trade day, calculation date or Coupon Payment Date, as applicable, as established by the Corporation in the Operations Manual, by which time Settlement of Gains and Losses, premium payments, all Margin requirements and all other payments required in respect of such Business Day, trade day, calculation date or Coupon Payment Date must be submitted to the Corporation.

Settlement Time means: (i) in the case of subscriptions, the time by which funds representing subscription monies in respect of a subscription order must be received; and (ii) in the case of redemptions, the time by which funds representing redemption monies in respect of a redemption request shall be paid, each as specified in the Relevant Supplement provided that in the case of redemptions, the Settlement Time shall not be later than the tenth Business Day after the relevant Trade Cut-Off Time;

Examples of Settlement Time in a sentence

• The Creation Basket will be credited to the Participant at the Settlement Time.

• The Redemption Distribution shall be delivered through the DTC to the account of the Participant as recorded on the book entry system of the DTC at the Settlement Time.

• The Redemption Distribution will be credited to the Participant at the Settlement Time through the CNS system, assuming timely delivery of Redemption Baskets and the Transaction Fee through the CNS system in accordance with the terms, conditions and guarantees as set forth in the CNS agreements to which the Custodian and Participant have entered into.

• The Redemption Baskets must be credited to an account at the DTC maintained by the Custodian along with the Transaction Fee on or before the Settlement Time.

• A Creation Basket of the applicable Fund will be issued to the Participant at the Settlement Time through the NSCC’s Continuous Net Settlement (CNS) system assuming timely payment of the Creation Basket Capital Contribution and the Transaction Fee through the CNS system in accordance with the terms, conditions and guarantees as set forth in CNS agreements to which the Custodian and Participant have entered into.

More Definitions of Settlement Time

Settlement Time means the relevant time specified for subscription or redemption in thePrimary Market Dealing Timetable and which shall not exceed 14 calendar days;

Settlement Time means the time by which cleared funds representing subscription monies in respect of a subscription order must be received by the Company;

Settlement Time means the relevant time specified for subscription or redemption time as specified in the Supplement for the relevant Fund;

Settlement Time means the relevant time specified for the settlement of subscriptionor redemption applications in the relevant Fund Supplement;

Settlement Time means: (i) in respect of subscriptions, the time by which funds representing subscription monies in respect of a subscription order must be received by the Administrator which time is 4 p.m. (Irish time) three Business Days after a Dealing Day; and (ii) in respect of redemptions, the time by which funds representing redemption proceeds in respect of a redemption request shall ordinarily be transferred to the Shareholder which time is 4 p.m. (Irish time) three Business Days after a Dealing Day or, in the case of (i) and (ii) such other time as may be agreed with the Administrator and notified to Shareholders;

Settlement Time has the meaning set forth in Paragraph 4.

Settlement Time means promptly following the applicable vesting date, and, in any event, not later than March 15 of the calendar year following the calendar year in which such vesting occurs.