Settlement Clause Example with 4 Variations from Business Contracts
This page contains Settlement clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Settlement. (a) The Securities to be purchased by each Underwriter hereunder, in book-entry only form represented by one or more Depositary Receipts deposited with The Depository Trust Company ("DTC") and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight hours' prior notice to the Company shall be delivered by the Company to the Representatives, through the facilities of DTC, for the account of such Underwriter, against payment by or o...n behalf of such Underwriter of the Purchase Price therefor by wire transfer of immediately available funds to the account(s) specified by the Company to the Representatives at least forty-eight hours in advance. The Depositary Receipts will be made available for checking and packaging at least twenty-four hours prior to the Time of Delivery with respect thereto at the office of DTC or its designated custodian (the "Designated Office"). 9 (b) The time and date of delivery of and payment for the Securities shall be 11:00 a.m., New York City time, on August 1, 2016 or such other time and date as the Representatives and the Company may agree upon in writing. Such time and date for delivery of the Securities is herein called the "Time of Delivery". (c) The documents to be delivered at the Time of Delivery by or on behalf of the parties hereto pursuant to Section 8 hereof, including the cross-receipt for the Securities and any additional documents requested by the Underwriters pursuant to Section 8(l) hereof, will be delivered at the offices of Cleary Gottlieb Steen & Hamilton LLP, One Liberty Plaza, New York, New York 10006 (the "Closing Location"), and the Securities will be delivered at the Designated Office, at the Time of Delivery. A meeting will be held at the Closing Location at 4:00 p.m., New York City time, on the New York Business Day immediately preceding the Time of Delivery, at which meeting the final drafts of the documents to be delivered pursuant to the preceding sentence will be available for review by the parties hereto. For the purposes of Section 2 and of this Section 4, "New York Business Day" shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City are generally authorized or obligated by law or executive order to close.View More
Variations of a "Settlement" Clause from Business Contracts
Settlement. (a) The Securities Shares to be purchased by each Underwriter hereunder, in book-entry only form represented by one or more Depositary Receipts deposited with The Depository Trust Company ("DTC") definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight 24 hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, through the facilities of DTC, The Depository Tr...ust Company ("DTC"), for the account of such Underwriter, against payment by or on behalf of such Underwriter of the Purchase Price purchase price therefor by wire transfer of immediately available federal (same-day) funds to the account(s) account specified by the Company to the Representatives at least forty-eight 24 hours in advance. The Depositary Receipts Company will cause the certificates representing the Shares to be made available for checking and packaging at least twenty-four 24 hours prior to the Time of Delivery (as defined below) with respect thereto at the office of DTC or its designated custodian (the "Designated Office"). 9 (b) The time and date of such delivery of and payment for the Securities shall be 11:00 9:30 a.m., New York City time, on August 1, 2016 24, 2022 or such other time and date as the Representatives and the Company may agree upon in writing. Such time and date for delivery of the Securities Shares is herein called the "Time of Delivery". (c) Delivery." (b) The documents to be delivered at the any Time of Delivery by or on behalf of the parties hereto pursuant to Section 8 hereof, including the cross-receipt for the Securities Shares and any additional documents requested by the Underwriters pursuant to Section 8(l) 8(i) hereof, will be delivered at the offices of Cleary Gottlieb Steen & Hamilton Sidley Austin LLP, One Liberty Plaza, 787 7th Avenue, New York, New York 10006 (the "Closing Location"), 10019, at 11:00 a.m., New York City time, and the Securities Shares will be delivered at the Designated Office, at the Time of Delivery. A meeting will be held at At the Closing Location at 4:00 p.m., New York City time, request of any party hereto, on the New York Business Day immediately preceding the Time of Delivery, at which meeting the final drafts of the documents to be delivered pursuant to the preceding sentence will be available in electronic format for review by the parties hereto. For the purposes of Section 2 and of this Section 4, "New York Business Day" shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City are generally authorized or obligated by law or executive order to close.View More
Settlement. (a) The Securities Shares to be purchased by each Underwriter hereunder, in book-entry only form represented by one or more Depositary Receipts deposited with The Depository Trust Company ("DTC") definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight 24 hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, through the facilities of DTC, The Depository Tr...ust Company ("DTC"), for the account of such Underwriter, against payment by or on behalf of such Underwriter of the Purchase Price purchase price therefor by wire transfer of immediately available federal (same-day) funds to the account(s) account specified by the Company to the Representatives at least forty-eight 24 hours in advance. The Depositary Receipts Company will cause the certificates representing the Shares to be made available for checking and packaging at least twenty-four 24 hours prior to the Time of Delivery (as defined below) with respect thereto at the office of DTC or its designated custodian (the "Designated Office"). 9 (b) The time and date of such delivery of and payment for the Securities shall be 11:00 9:30 a.m., New York City time, on August 1, 2016 April 22, 2019 or such other time and date as the Representatives and the Company may agree upon in writing. Such time and date for delivery of the Securities Shares is herein called the "Time of Delivery". (c) Delivery." (b) The documents to be delivered at the any Time of Delivery by or on behalf of the parties hereto pursuant to Section 8 hereof, including the cross-receipt for the Securities Shares and any additional documents requested by the Underwriters pursuant to Section 8(l) 8(i) hereof, will be delivered at the offices of Cleary Gottlieb Steen & Hamilton LLP, One Liberty Plaza, Jones Day, 250 Vesey Street, New York, New York 10006 (the "Closing Location"), 10281, at 11:00 A.M., New York City time, and the Securities Shares will be delivered at the Designated Office, at the Time of Delivery. A meeting will be held at At the Closing Location at 4:00 p.m., New York City time, request of any party hereto, on the New York Business Day immediately preceding the Time of Delivery, at which meeting the final drafts of the documents to be delivered pursuant to the preceding sentence will be available in electronic format for review by the parties hereto. For the purposes of Section 2 and of this Section 4, "New York Business Day" shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City are generally authorized or obligated by law or executive order to close.View More
Settlement. (a) The Securities Shares to be purchased by each Underwriter hereunder, in book-entry only form represented by one or more Depositary Receipts deposited with The Depository Trust Company ("DTC") definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight 48 hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, through the facilities of DTC, The Depository Tr...ust Company ("DTC"), for the account of such Underwriter, against payment by or on behalf of such Underwriter of the Purchase Price purchase price therefor by wire transfer of immediately available federal (same-day) funds to the account(s) account specified by the Company to the Representatives at least forty-eight 48 hours in advance. The Depositary Receipts Company will cause the certificates representing the Shares to be made available for checking and packaging at least twenty-four 24 hours prior to the Time of Delivery (as defined below) with respect thereto at the office of DTC or its designated custodian (the "Designated Office"). 9 (b) The time and date of such delivery of and payment for the Securities shall be 11:00 9:30 a.m., New York City time, on August 1, 2016 July 30, 2018 or such other time and date as the Representatives and the Company may agree upon in writing. Such time and date for delivery of the Securities Shares is herein called the "Time of Delivery". (c) Delivery." (b) The documents to be delivered at the any Time of Delivery by or on behalf of the parties hereto pursuant to Section 8 hereof, including the cross-receipt for the Securities Shares and any additional documents requested by the Underwriters pursuant to Section 8(l) 8(i) hereof, will be delivered at the offices of Cleary Gottlieb Steen & Hamilton LLP, One Liberty Plaza, Jones Day, 250 Vesey Street, New York, New York 10006 (the "Closing Location"), 10281, at 11:00 A.M., New York City time, and the Securities Shares will be delivered at the Designated Office, at the Time of Delivery. A meeting will be held at At the Closing Location at 4:00 p.m., New York City time, request of any party hereto, on the New York Business Day immediately preceding the Time of Delivery, at which meeting the final drafts of the documents to be delivered pursuant to the preceding sentence will be available in electronic format for review by the parties hereto. For the purposes of Section 2 and of this Section 4, "New York Business Day" shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City are generally authorized or obligated by law or executive order to close.View More
Settlement. (a) The Securities Shares to be purchased by each Underwriter hereunder, in book-entry only form represented by one or more Depositary Receipts deposited with The Depository Trust Company ("DTC") definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight 48 hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, through the facilities of DTC, The Depository Tr...ust Company ("DTC"), for the account of such Underwriter, against payment by or on behalf of such Underwriter of the Purchase Price purchase price therefor by wire transfer of immediately available federal (same-day) funds to the account(s) account specified by the Company to the Representatives at least forty-eight 48 hours in advance. The Depositary Receipts Company will cause the certificates representing the Shares to be made available for checking and packaging at least twenty-four 24 hours prior to the Time of Delivery (as defined below) with respect thereto at the office of DTC or its designated custodian (the "Designated Office"). 9 (b) The time and date of such delivery of and payment for the Securities shall be 11:00 be, 9:30 a.m., New York City time, on August 1, September 9, 2016 or such other time and date as the Representatives and the Company may agree upon in writing. writing Such time and date for delivery of the Securities Shares is herein called the a "Time of Delivery". (c) Delivery." (b) The documents to be delivered at the any Time of Delivery by or on behalf of the parties hereto pursuant to Section 8 hereof, including the cross-receipt for the Securities and any additional documents requested by the Underwriters pursuant to Section 8(l) 8(i) hereof, will be delivered at the offices of Cleary Gottlieb Steen & Hamilton LLP, One Liberty Plaza, Jones Day, 250 Vesey Street, New York, New York, at 11:00 A.M., New York 10006 (the "Closing Location"), City time, and the Securities Shares will be delivered at the Designated Office, at the Time of Delivery. A meeting will be held at At the Closing Location at 4:00 p.m., New York City time, request of any party hereto, on the New York Business Day immediately preceding the Time of Delivery, at which meeting the final drafts of the documents to be delivered pursuant to the preceding sentence will be available in electronic format for review by the parties hereto. For the purposes of Section 2 and of this Section 4, "New York Business Day" shall mean each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City are generally authorized or obligated by law or executive order to close.View More
