Common use of Cash Settlement Payment Date Clause in Contracts

Cash Settlement Payment Date. The tenth Local Business Day immediately following the last day of the Valuation Period. For the avoidance of doubt, the Seller will remit to the Counterparty on the Cash Settlement Payment Date an amount equal to the Settlement Amount and will not otherwise be required to return to the Counterparty any of the Prepayment Amount, and the Counterparty shall remit to the Seller the Settlement Amount Adjustment.

Appears in 7 contracts

Samples: Priveterra Acquisition Corp., Andretti Acquisition Corp., Complete Solaria, Inc.

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