Examples of Failure to Settle in a sentence
Failure to Settle: If the U.S. Issuing and Paying Agent fails to enter an SDFS deliver order with respect to a Book-Entry Note represented by a DTC Note pursuant to procedure “G” above for DTC Notes, the U.S. Issuing and Paying Agent may deliver to DTC, through DTC’s Participant Terminal System, as soon as practicable a withdrawal message instructing DTC to debit such Note from the participant account of the U.S. Issuing and Paying Agent maintained at DTC.
Notes: For sales by the relevant Issuer of Registered Notes to or through a Dealer, Registered Settlement Procedures "AA" through "DD" set forth above shall be completed on or before the respective times (London Time) set forth below: Settlement Procedure; Registered Notes Time AA 2:00 P.M. on day before settlement date BB 3:00 P.M. on day before settlement date CC 2:15 P.M. on settlement date DD 3:00 P.M. on settlement date Failure to Settle: Bearer Notes.