Transaction Settlement definition

Transaction Settlement means transferring the Securities between the parties to the Transaction and settling financial debts related to transferring the Securities between the parties to the Transaction or (i) in the case of the purchase of Gold by the Client, its acceptance by the Bank from a third party and (ii) in the case of the sale of Gold by the Client, its submission by the Bank to a third party, always under the condition that the monetary debt relating to the sale of the Gold has been settled.
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Transaction Settlement or “Settlement” means the actual mutual exchange of the agreed amount of Sold and Purchased Currencies, i.e. the settlement of the actual mutual obligations between the Bank and the Customer relating to a given Transaction.
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Examples of Transaction Settlement in a sentence

  • This Agreement and the Transactions, and all covenants, agreements, representations and warranties herein and therein and in the certificates delivered pursuant hereto, shall survive the date hereof and each Transaction Settlement Date.

  • On the Transaction Settlement Date for each Primary Portfolio, the Purchaser shall pay the Transaction Purchase Price to the Seller, the Seller shall convey the Primary Portfolio Excess Spread to the Purchaser and the Seller shall commence servicing or subservicing the Primary Portfolio Mortgage Loans in accordance with the applicable Servicing Agreements and Guides if such servicing or subservicing has not already commenced.

  • The Purchaser hereby makes to the Seller, as of the date hereof and as of each Transaction Settlement Date and each Assignment Date, the representations and warranties set forth on Exhibit E.

  • The Seller hereby makes to the Purchaser, as of the date hereof and as of each Transaction Settlement Date and each Assignment Date, the representations and warranties set forth on Exhibit D.

  • With respect to each Secondary Portfolio, the Seller shall deposit into the Secondary Portfolio Spread Custodial Account from time to time any and all Secondary Portfolio Collections received on or after the Transaction Settlement Date, in each case within one Business Day following receipt and identification thereof and in any event within three Business Days following receipt thereof.

  • With respect to each Primary Portfolio, the Seller shall establish a Primary Portfolio Spread Custodial Account, which shall be an Eligible Account, not later than the Transaction Settlement Date.

  • The Purchaser hereby makes to the Seller and Seller, as of the date hereof and as of each Transaction Settlement Date and each Assignment Date, the representations and warranties set forth on Exhibit D.

  • The Seller hereby makes to the Purchaser and the Seller, as of the date hereof and as of each Transaction Settlement Date and each Assignment Date, the representations and warranties set forth on Exhibit C.

  • With respect to each Primary Portfolio, the Seller shall deposit into the Primary Portfolio Spread Custodial Account from time to time any and all Primary Portfolio Collections received on or after the Transaction Settlement Date, in each case within two (2) Business Days following receipt thereof.

  • On Exchange Transaction Settlement Date: In respect of an On Exchange Transaction, the settlement date of such transaction.