Settlement of Securities Sample Clauses

Settlement of Securities. Transactions in the German market Trade Republic settles Securities Transactions in the German market, unless the following conditions or other agreements provide for the acquisition outside of Germany.
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Settlement of Securities. Unless otherwise specified in the applicable Placement Notice (as amended by the corresponding Acceptance, if applicable), settlement for sales of Securities will occur on the second (2nd) Trading Day (or such earlier day as is industry practice for regular-way trading) following the date on which such sales are made (each, a “Settlement Date”). The amount of proceeds to be delivered to the Company on a Settlement Date against receipt of the Securities sold will be equal to the aggregate offering price received by the Manager at which such Securities were sold, after deduction for (i) the Manager’s commission, discount or other compensation for such sales payable by the Company pursuant to Section 3 hereof, (ii) any other amounts due and payable by the Company to the Manager hereunder pursuant to Section 8(a) hereof, and (iii) any transaction fees imposed by any governmental or self-regulatory organization in respect of such sales (the “Net Proceeds”).
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Settlement of Securities transactions in the German market Trade Republic settles securities transactions in the German market, unless the following conditions or other agreements provide for the acquisition outside of Germany. 11. German domestic acquisition In the case of German domestic settlement, Trade Republic provides the Customer with co-ownership of this collective custody - Girosammel-Depotgutschrift - (GS-Gutschrift), provided the securities are admitted to collective custody at the German central securities depository (Clearstream Banking AG). If securities are not admitted to collective custody, the Customer is provided with exclusive ownership of securities. Trade Republic holds these securities in custody for the Customer separately from its own holdings and those of third parties (Streifbandverwahrung). 12.
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Settlement of Securities. The purchase of individual securities shall be executed “delivery versus payment” (DVP) through the City’s safekeeping agent. By so doing, City funds will be released when and if the City has received, through the safekeeping agent, the designated securities purchased.
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Settlement of Securities. Upon delivery of a Rate Lock Confirmation, Seller agrees that any Mortgage Loans closed pursuant to such Rate Lock Confirmation and sold to Servicer by the related Mortgage Lender shall be pooled and securitized and then sold as a Security (or portion thereof) to Purchaser. Seller shall use its best reasonable efforts to cause Mortgage Loans to be closed and sold to Servicer but shall have no obligation to Purchaser with respect to Mortgage Loans that do not close or that are closed but are not sold by the related Mortgage Lender to Servicer. Purchaser shall purchase Securities backed by Mortgage Loans subject to the terms of this Master Trade Confirmation and the related Securities Confirmations at the Purchase Price therefor. For each Settlement Date, Purchaser shall deliver (in writing or by email) to Seller and Servicer a related Securities Confirmation not later than 8:00 a.m. Eastern time on the second (2nd) Business Day prior to the related Settlement Date. Each Settlement Date shall be established by Purchaser and shall occur not earlier than fifteen (15) days, and not later than sixty (60) days, after the expiration of the related Rate Lock period (including any extension of such period); provided that each Settlement Date can be (i) advanced to an earlier date upon the mutual agreement of Purchaser and Seller, (or Servicer on behalf of Seller), and (ii) extended to a later date upon satisfaction of the conditions set forth in paragraph 5 below. For each Security purchase on a Settlement Date, Purchaser shall issue a funding schedule (“Funding Schedule”) to Seller and Servicer which shall set forth the Purchase Price (as defined in Section 6 below) of such Security and the calculation of such Purchase Price based on applicable prices for the underlying Mortgage Loans as described in the related Rate Lock Confirmations. A form of the Funding Schedule is attached hereto as Attachment C.
Sample 1
Settlement of Securities. Unless otherwise specified in the applicable Placement Notice (as amended by the corresponding Acceptance, if applicable), settlement for sales of Securities will occur on the second Trading Day (or such earlier day as is industry practice for regular-way trading) following the date on which such sales are made (each, a “Settlement Date”). The amount of proceeds to be delivered to the Company on a Settlement Date against receipt of the Primary Securities sold (the “Net Proceeds”) will be equal to the aggregate sales price received by the applicable Agent at which such Primary Securities were sold, after deduction for (i) such Agent’s commission, discount or other compensation for such sales payable by the Company, (ii) any other amounts due and payable by the Company to such Agent hereunder and (iii) any transaction fees imposed by any governmental or self-regulatory organization in respect of such sales.
Sample 1
Settlement of Securities. On each Settlement Date, the Securities sold through an Agent for settlement on such date shall be delivered by the Company to such Agent against payment of (i) the Net Proceeds from the sale of such Securities or (ii) as mutually agreed between the Company and such Agent, the Gross Proceeds from the sale of such Securities. The gross proceeds to the Company (the “Gross Proceeds”) shall be equal to the aggregate offering price received by an Agent at which such Securities were sold, after deduction for any transaction fees imposed by any governmental or self-regulatory organization in respect of such sales. The net proceeds to the Company (the “Net Proceeds”) shall be equal to the Gross Proceeds less such Agent’s commission, discount or other compensation payable by the Company pursuant to Section 3 and any other amounts due and payable by the Company to such Agent hereunder pursuant to Section 8(a). In the event the Company and an Agent have mutually agreed to the delivery of Gross Proceeds at a Settlement Date, such Agent’s commission, discount or other compensation for such sales payable by the Company pursuant to Section 3 hereof and any other amounts due and payable by the Company to such Agent hereunder pursuant to Section 8(a) shall be set forth and invoiced in a periodic statement from such Agent to the Company, payment to be made by the Company promptly after its receipt thereof.
Sample 1
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Settlement of Securities. Transactions through the Client’s Broker. Prior to delivery of any Property to the Custodian, the Client shall provide the Custodian with written settlement instructions for each broker with which the Client intends to execute Trades, in each case containing the information requested by the form shown in Appendix 5. To facilitate the Client’s trade instruction process, the Custodian will enter the settlement instruction into its database. The Client agrees to issue Instructions to the Custodian specifying (i) any changes to these broker settlement instructions, and (ii) settlement information for any additional brokers with which the Client may from time to time execute Trades. The Custodian will then amend its database accordingly.
Sample 1

Related to Settlement of Securities

  • Payment of Securities 30 SECTION 4.02.

  • Replacement of Securities If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation), or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction. The applicant for a new certificate or instrument under such circumstances shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement Securities.

  • Treatment of Securities The Company will treat the Securities as indebtedness, and the amounts, other than payments of principal, payable in respect of the principal amount of such Securities as interest, for all U.S. federal income tax purposes. All payments in respect of the Securities will be made free and clear of U.S. withholding tax to any beneficial owner thereof that has provided an Internal Revenue Service Form W-9 or W-8BEN (or any substitute or successor form) establishing its U.S. or non-U.S. status for U.S. federal income tax purposes, or any other applicable form establishing a complete exemption from U.S. withholding tax.

  • Deposit of Securities The Depositor, on the date of the Reference Trust Agreement, has deposited with the Trustee in trust the Securities and contracts (or cash or a Letter of Credit in the amount necessary to settle any contracts for the purchase of Securities entered into by the Trustee pursuant to the instructions of the Depositor) for the purchase of Contract Securities listed in the Schedules to the Reference Trust Agreement in bearer form or duly endorsed in blank or accompanied by all necessary instruments of assignment and transfer in proper form or Contract Securities relating to such Securities to be held, managed and applied by the Trustee as herein provided. The Depositor shall deliver the Securities listed on said Schedules which were not actually delivered concurrently with the execution and delivery of the Reference Trust Agreement and which were represented by Contract Securities to the Trustee within 10 calendar days after said execution and delivery (the "Delivery Period"). In the event that the purchase of Contract Securities pursuant to any contract shall not be consummated in accordance with said contract or if the Securities represented by Contract Securities are not delivered to a Trust in accordance with this Section 2.01 and the moneys, or, if applicable, the moneys drawn on the Letter of Credit, deposited by the Depositor are not utilized for Section 3.17 purchases of Replacement Securities, such funds, to the extent of the purchase price of Failed Contract Securities for which no Replacement Security were acquired pursuant to Section 3.17, plus all amounts described in the next succeeding sentence, shall be credited to the Capital Account and distributed pursuant to Section 3.05 to Unitholders of record as of the Income Account Record Date next following the failure of consummation of such purchase. The Depositor shall cause to be refunded to each Unitholder his pro rata portion of the sales charge levied on the sale of Units to such Unitholder attributable to such Failed Contract Security. Any amounts remaining from moneys drawn on the Letter of Credit which are not used to purchase Replacement Securities or are not used to provide refunds to Unitholders shall be paid to the Depositor. The Trustee is hereby irrevocably authorized to effect registration or transfer of the Securities in fully registered form to the name of the Trustee or to the name of its nominee or to hold the Securities in a clearing agency registered with the Securities and Exchange Commission or in a book entry system operated by the Federal Reserve Board.

  • Valuation of Securities Securities shall be valued in accordance with (a) the Fund's Registration Statement, as amended or supplemented from time to time (hereinafter referred to as the "Registration Statement"); (b) the resolutions of the Board of Trustees of the Fund at the time in force and applicable, as they may from time to time be delivered to FUND ACCOUNTING, and (c) Proper Instructions from such officers of the Fund or other persons as are from time to time authorized by the Board of Trustees of the Fund to give instructions with respect to computation and determination of the net asset value. FUND ACCOUNTING may use one or more external pricing services, including broker-dealers, provided that an appropriate officer of the Fund shall have approved such use in advance.

  • Execution of Securities The Securities shall be signed on behalf of the Issuer by the chairman of the Board of Directors, the president, any vice president or the treasurer of the Issuer, under its corporate seal which may, but need not, be attested by its secretary or one of its assistant secretaries. Such signatures may be the manual or facsimile signatures of the present or any future such officers. The seal of the Issuer may be in the form of a facsimile thereof and may be impressed, affixed, imprinted or otherwise reproduced on the Securities. Typographical and other minor errors or defects in any such reproduction of the seal or any such signature shall not affect the validity or enforceability of any Security that has been duly authenticated and delivered by the Trustee. In case any officer of the Issuer who shall have signed any of the Securities shall cease to be such officer before the Security so signed shall be authenticated and delivered by the Trustee or disposed of by the Issuer, such Security nevertheless may be authenticated and delivered or disposed of as though the person who signed such Security had not ceased to be such officer of the Issuer; and any Security may be signed on behalf of the Issuer by such persons as, at the actual date of the execution of such Security, shall be the proper officers of the Issuer, although at the date of the execution and delivery of this Indenture any such person was not such an officer.

  • Payment in Respect of Securities For payments in connection with the conversion, exchange or surrender of Portfolio Securities or securities subscribed to by the Fund held by or to be delivered to the Bank.

  • Payment of Securities Called for Redemption If notice of redemption has been given as above provided, the Securities or portions of Securities specified in such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption, and on and after said date (unless the Issuer shall default in the payment of such Securities at the redemption price, together with interest accrued to said date) interest on the Securities or portions of Securities so called for redemption shall cease to accrue and, except as provided in Sections 5.05 and 9.04, such Securities shall cease from and after the date fixed for redemption to be entitled to any benefit or security under this Indenture, and the Holders thereof shall have no right in respect of such Securities except the right to receive the redemption price thereof and unpaid interest to the date fixed for redemption. On presentation and surrender of such Securities at a place of payment specified in said notice, said Securities or the specified portions thereof shall be paid and redeemed by the Issuer at the applicable redemption price, together with interest accrued thereon to the date fixed for redemption; provided that any semiannual payment of interest becoming due on the date fixed for redemption shall be payable to the Holders of such Securities registered as such on the relevant record date subject to the terms and provisions of Sections 2.03 and 2.04 hereof. If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal shall, until paid or duly provided for, bear interest from the date fixed for redemption at the rate of interest or Yield to Maturity (in the case of an Original Issue Discount Security) borne by such Security. Upon presentation of any Security redeemed in part only, the Issuer shall execute and the Trustee shall authenticate and deliver to or on the order of the Holder thereof, at the expense of the Issuer, a new Security or Securities of such series, of authorized denominations, in principal amount equal to the unredeemed portion of the Security so presented.

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