Clearance System definition

Clearance System means the principal domestic clearance system customarily used for settling trades with respect to the Underlying as determined by the Calculation Agent acting in accordance with relevant market practice and in good faith.

Clearance System means the principal domestic clearance system customarily used for settling trades with respect to the Underlying as determined by the Calculation Agent in its reasonable discretion (§ 315 et seq. BGB).

Clearance System means the principal domestic clearance system customarily used for settling trades in the securities that form the basis of the Underlying as determined by the Calculation Agent acting in accordance with relevant market practice and in good faith.

Examples of Clearance System in a sentence

• Accordingly, subject to the provisions of “Private Placement Procedures” below, Party B agrees that the Shares that it delivers to Party A on each Settlement Date will not bear a restrictive legend and that such Shares will be deposited in, and the delivery thereof shall be effected through the facilities of, the Clearance System.

• Accordingly, Counterparty agrees that any Shares so delivered will not bear a restrictive legend and will be deposited in, and the delivery thereof shall be effected through the facilities of, the Clearance System.

• The date one Settlement Cycle following each Valuation Date, except that in the case of Physical Settlement, the date [one]12 Clearance System Business Day following the relevant Designated Date.

• Accordingly, Counterparty agrees that, except to the extent that the Private Placement Procedures in Annex A apply, any Shares so delivered will not bear a restrictive legend and will be deposited in, and the delivery thereof shall be effected through the facilities of, the Clearance System.

More Definitions of Clearance System

Clearance System means the principal domestic clearance system customarily used for settling trades in the securities that form the basis of the Underlying as determined by the Calculation Agent in its reasonable discretion (§ 315 et seq. BGB).

Clearance System means any clearing agency, settlement system or depository (including any entity that acts as a system for the central handling of Securities in the country where it is incorporated or organized or that acts as a transnational system for the central handling of Securities) used in connection with transactions relating to Securities and any nominee of the foregoing.

Clearance System means, in respect of the Index at any time, the domestic clearance system customarily used for settling trades in the securities comprised in the Index at that time;

Clearance System means any clearing agency, settlement system or depositary used in connection with Transactions and any nominee of the foregoing.

Clearance System means the principal domestic clearance system customarily used for settling trades with respect to the Underlying as determined by the Calculation Agent using its reasonable judgment and acting in good faith.

Clearance System means the principal domestic clearance system customarily used for settling trades in the relevant securities.

Clearance System means, with respect to a Basket Componenti, the principal domestic clearance system customarily used for settling trades with respect to the respective Basket Componenti; such system shall be determined by the Calculation Agent acting in accordance with relevant market practice and in good faith.