Compromise Amount Clause Samples
Compromise Amount. The FDIC as receiver or as manager of the FRF, as the case may be, shall pay to Contractors within a reasonable time following execution of this Agreement by both parties (the "Execution Date"), the sum of THREE HUNDRED EIGHTY-SEVEN THOUSAND NINE HUNDRED SEVENTY-THREE DOLLARS AND 71 CENTS ($387,973.71) (the "Compromise Amount") which upon payment shall constitute full settlement, all as more fully described below, of all claims relating to the SAMDA by Contractors against the FDIC, including without limitation, the Disputed Contractor Claims, except for any obligation of the FDIC as Receiver or as manager of the FRF, as the case may be, to provide indemnification to the Contractors under Article XIV of the SAMDA, provided, however, that Contractors shall have no right to submit or recover all or any portion of the Disputed Contractor Claims under said Article XIV of the SAMDA. The Compromise Amount shall be apportioned among the Contractors as follows: Contractor: Amount: Gree▇▇▇▇▇/▇▇▇l▇▇ ▇▇▇lty Services Co. $276,508.95 Crown Revenue Services, Inc. $111,464.36
Compromise Amount. Subject to the retention of the reserve amount of $200,000.00 provided in Section 3.1(h) below the FDIC as receiver or as manager of the FRF, as the case may be, shall pay to Contractor within a reasonable time following execution of this Agreement by both parties (the "Execution Date"), the sum of Two Million Four Hundred Ninety-Nine Thousand Eight Hundred Fifty-Seven Dollars and 52 Cents ($2,499,857.52) ("the Compromise Amount") which upon payment shall constitute full settlement, all as more fully described below, of all claims relating to the SAMDA by Contractor against the FDIC, including without limitation, the Disputed Contractor Claims, except for any obligation of the FDIC as Receiver or as manager of the FRF, as the case may be, to provide indemnification to the Contractor under Article XIV of the SAMDA, provided, however, that Contractor shall have no right to submit or recover all or any portion of the Disputed Contractor Claims under said Article XIV of the SAMDA.