Interest on Settlement Amount Sample Clauses

Interest on Settlement Amount. Any interest earned on the Settlement Amount, once it has been delivered to the Settlement Administrator, shall be for the benefit of the Settlement Class, unless the Settlement is terminated.
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Interest on Settlement Amount. No interest will accrue on the Settlement Amount provided that valid and properly payable claims made by Class Members are paid within the timeframes set forth in this Settlement Agreement. To the extent any valid and properly payable claims made by Class Members are not paid within the timeframes set forth in this Settlement Agreement, interest will accrue on those unpaid claims only. Such interest will accrue at the Missouri Post-Judgment Interest Rate set forth in the version of §408.040, RSMo, existing at the date of this settlement (9 percent), and shall be measured from the date of the final approval order until the date such claims are paid. Electronically Filed - Xxxx Circuit - March 01, 2018 - 09:01 AM
Sample 1
Interest on Settlement Amount. In the event that COP does not deposit $50,800,000 of the Settlement Amount in the Escrow Account and pay the $250,000 to reimburse the Class Representative for the Confirmation Process within ten (10) business days of Preliminary Approval by the First Judicial District Court of the Settlement Agreement, then, beginning on the eleventh (11th) business day after such preliminary approval, COP shall bear interest at the rate of 6% per annum on that portion of the Settlement Amount and the $250,000 for reimbursement to Class Representative for the Confirmation process until paid into the settlement Escrow Account or to the Class Representative. In the event of any appeal from the Final Approval of the Settlement Agreement, any portion of the Settlement Amount or the $250,000 for reimbursement of the Confirmation Process held by COP shall continue to bear interest at the rate of 6% per annum until deposited in the settlement Escrow Account or paid to Class Representative. SECTION 4.0 -- ATTORNEYS’ FEES AND EXPENSES AND CLASS REPRESENTATIVE INCENTIVE AWARD.
Sample 1
Interest on Settlement Amount. If Burlington does not deposit the Settlement Amount in the Escrow Account within ten (10) business days of Preliminary Approval, then Burlington shall thereafter deposit in the Escrow Account the Settlement Amount plus simple interest at the rate of six percent (6%) per annum, calculated from the eleventh (11th) business day after such Preliminary Approval through the date the Settlement Amount plus such interest is paid into the settlement Escrow Account. In the event of any appeal from the Final Approval of the Settlement Agreement, the Settlement Amount held by Burlington shall continue to bear simple interest at the rate of six percent (6%) per annum until deposited in the Escrow Account. For the avoidance of doubt, after the Settlement Amount is deposited in the Escrow Account, Burlington shall not be responsible for payment of any interest thereafter.
Sample 1

Related to Interest on Settlement Amount

  • Interest on Delinquent Payments Without waiving any other right or action available to Authority, in the event of default of Company's payment of Rents or other charges hereunder, and in the event Company is delinquent in paying to Authority any Rents or other charges for a period of five (5) days after the payment is due, Authority reserves the right to charge Company interest thereon from the date the Rents or other charges became due to the date of payment at one and one-half percent (1.5%) per month, to the maximum extent permitted by Applicable Law.

  • Interest on Payments Any payment by the Receiver pursuant to Section 2.6(d) shall be made together with interest on the amount thereof that accrues with effect from five (5) Business Days after the date on which payment was agreed or determined to be due until such amount is paid. The annual interest rate shall be determined by the Receiver based on the coupon equivalent of the three (3)-month U.S. Treasury Xxxx Rate in effect as of the first Business Day of each Calendar Quarter during which such interest accrues as reported in the Federal Reserve Board Statistical Release for Selected Interest Rates H.15 opposite the caption “Treasury bills (secondary market), 3-Month” or, if not so reported for such day, for the next preceding Business Day for which such rate was so reported.

  • Interest on Loans (a) Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:

  • Interest on Swing Loans Each Swing Loan shall bear interest until maturity (whether by acceleration or otherwise) at a rate per annum equal to (i) the sum of the Base Rate plus the Applicable Margin for Base Rate Loans under the Revolving Credit as from time to time in effect (computed on the basis of a year of 360 days for the actual number of days elapsed) or (ii) the Swing Line Lender’s Quoted Rate (computed on the basis of a year of 360 days for the actual number of days elapsed). Interest on each Swing Loan shall be due and payable by the Borrower on each Interest Payment Date and at maturity (whether by acceleration or otherwise).

  • Interest on Floating Rate Notes (a) Interest Payment Dates Each Floating Rate Note bears interest from (and including) the Interest Commencement Date and such interest will be payable in arrear on either:

  • Interest on Unpaid Balances Interest on any unpaid amount (including amounts placed in escrow) shall be calculated in accordance with the method specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a (a)(2)(iii). Interest on unpaid amounts shall be calculated from the due date of the xxxx to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.

  • Interest on late payment Subject to clause 9.7, the Trader or the Distributor (as the case may be) must pay any Tax Invoice issued under this clause 9. If any part of a Tax Invoice that is properly due in accordance with this Agreement is not paid by the due date, Default Interest may be charged on the outstanding amount for the period that the Tax Invoice remains unpaid.

  • Interest on Late Payments a. State Agencies The payment of interest on certain payments due and owed by Agency may be made in accordance with Article 11-A of the State Finance Law (SFL §179-d et. Seq.) and Title 2 of the New York Code of Rules and Regulations, Part 18 (Implementation of Prompt Payment Legislation -2 NYCRR §18.1 et seq.).

  • Rates and Payment of Interest on Loans (a) Rates. The Borrowers promise to pay to the Agent for the account of each Lender interest on the unpaid principal amount of each Loan made by such Lender for the period from and including the date of the making of such Loan to but excluding the date such Loan shall be paid in full, at the following per annum rates: (i) during such periods as such Loan is a Base Rate Loan, at the Base Rate (as in effect from time to time) plus the Applicable Margin (utilizing the applicable "Base Rate Margin" as identified in the definition of Applicable Margin, it being acknowledged that the Applicable Margin is a negative number, the addition of which will result in an interest rate applicable to Base Rate Loans which is lower than the corresponding Base Rate); (ii) during such periods as such Loan (other than a Competitive Advance) is a LIBOR Loan, at the Adjusted Eurodollar Rate for such Loan for the Interest Period therefor plus the Applicable Margin (utilizing the applicable "LIBOR Margin" as identified in the definition of Applicable Margin); and (iii) with respect to each Competitive Advance, at the margin over the Adjusted Eurodollar Rate determined pursuant to Section 2.3. Notwithstanding the foregoing, during the continuance of an Event of Default, the Borrowers shall pay to the Agent for the account of each Lender interest at the Post-Default Rate on the outstanding principal amount of any Loan made by such Lender, on all Reimbursement Obligations and on any other amount payable by the Borrowers hereunder or under the Notes held by such Lender to or for the account of such Lender (including without limitation, accrued but unpaid interest to the extent permitted under Applicable Law). (b)

  • Interest on Swingline Loans Subject to the provisions of Section 2.8, Swingline Loans shall bear interest at a per annum rate equal to the Alternate Base Rate plus the Applicable Margin for Revolving Loans that are Alternate Base Rate Loans. Interest on Swingline Loans shall be payable in arrears on each Interest Payment Date.

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