Transaction Instruction definition
Examples of Transaction Instruction in a sentence
Any Warrant Certificate or duly executed Transaction Instruction from the holder (or such other instructions, in form satisfactory to the Warrant Agent), tendered for exchange shall be cancelled and surrendered by the Warrant Agency to the Warrant Agent.
Forthwith upon receipt by the Depository of such notice, the Depository shall deliver to the Trustee a Transaction Instruction confirming its intention to convert Debentures in a manner acceptable to the Trustee, including by electronic means through the non-certificated inventory system.
If the Bank fails to follow a Transaction Instruction due to inaccurate instructions or error in the information described in the given instruction, the Customer shall submit the relevant Transaction Instruction to the Bank again.
The Depository will initiate the exercise by way of the Transaction Instruction and the Trustee will execute the exercise by issuing to the Depository through the non-certificated inventory system the Common Shares and Warrants to which the exercising Debentureholder is entitled pursuant to the conversion.
Thereafter, if the Bank has followed the Transaction Instruction according as it is, through comparing them with due care and attention and determined that there is no difference, the Bank may proceed the Instruction deeming it as a normal request of the service irrespective of its authenticity, and the Bank shall not be responsible for any loss and damage arising therefrom unless it has been caused by willful intent or gross negligence on the part of the Bank.