Payment of Settlement Funds Sample Clauses

Payment of Settlement Funds. (1) Within thirty (30) days of the Execution Date, the Defendants shall pay the Settlement Funds to Siskinds, in trust, to be deposited into the Settlement Trust from which funds shall be paid toward Settlement Administration Expenses incurred prior to the issuance of the Settlement Approval Order, subject to subsection 4.4(1).
Payment of Settlement Funds a. In consideration of the terms set forth herein, Saxton shall pay to VOA National, VOA Nevada and VOA Saratoga (collectively, the "VOA Entities") the consideration set forth below, hereby valued at One Million Three Hundred Twenty Five Thousand Dollars ($1,325,000.00) (the "Settlement Amount"), which the VOA Entities may distribute among themselves in the manner that they choose. (1) The sum of One Hundred Twenty Five Thousand Dollars ($125,000.00) shall be paid in cash upon execution of this Agreement; (2) The sum of One Hundred Thousand Dollars ($100,000.00) shall be paid in cash on the first anniversary date of the execution of this Agreement; (3) The sum of One Hundred Thousand Dollars ($100,000.00) shall be paid in cash on the second anniversary date of the execution of this Agreement; and (4) Shares of common stock, par value $0.001 per share (the "Common Stock"), of Saxton with an aggregate value of One Million Dollars ($1,000,000.00), with such shares to be valued at the average closing market price of Saxton's Common Stock on the NASDAQ Stock Market (or in the absence of any trading on any such day the average of the closing bid and asked quotations) on each of last twenty (20) trading days immediately preceding the date of this Agreement (the "VOA Common Stock"). The VOA Entities shall be entitled to registration rights with regard to the VOA Common Stock as set forth in Exhibit A attached hereto.
Payment of Settlement Funds. 3. (a) Visa shall pay the Settlement Fund Account, in settlement of the claims released below, a total of two billion and twenty five million dollars ($2,025,000,000), which includes the payment referenced in paragraph 8(b), to be made by wire transfer under the following schedule: Payment One: ten million dollars ($10,000,000) on or before July 4, 2003; Payment Two: two-hundred fifteen million dollars ($215,000,000) on or before December 22, 2003; Payment Three: two-hundred million dollars ($200,000,000) on or before December 22, 2004; Payment Four: two-hundred million dollars ($200,000,000) on or before December 22, 2005; Payment Five: two-hundred million dollars ($200,000,000) on or before December 22, 2006; Payment Six: two-hundred million dollars ($200,000,000) on or before December 22, 2007; Payment Seven: two-hundred million dollars ($200,000,000) on or before December 22, 2008; Payment Eight: two-hundred million dollars ($200,000,000) on or before December 22, 2009; Payment Nine: two-hundred million dollars ($200,000,000) on or before December 22, 2010; Payment Ten: two-hundred million dollars ($200,000,000) on or before December 22, 2011; and Payment Eleven: two-hundred million dollars ($200,000,000) on or before December 22, 2012. Nothing in this Agreement will require the Settlement Fund Account to be funded or established before the Agreement is submitted to the Court for preliminary approval. Visa’s timely payment of Payments One through Eleven into the Settlement Fund Account shall extinguish Visa’s obligations under this subparagraph with respect to each such payment. The satisfaction of Visa’s obligations under this subparagraph shall in no way be contingent on whether or how the Settlement Funds are disbursed.
Payment of Settlement Funds. Subject to the terms and conditions of this Agreement, the PDM Parties agree to pay to Nord up to the sum of $3.6 million (the “Settlement Amount”) in full and final settlement of all claims and disputes between the parties, which sum shall be paid as follows:
Payment of Settlement Funds. A plan of distribution to pay the settlement funds to Class Members must now be approved by the Courts. The proposed Distribution Protocol can be found at www.lawnmowersettlement.ca.
Payment of Settlement Funds. SysPay will initiate a transfer of the applicable Settlement funds to MerchantNominated Bank Account and subject to the terms and conditions of this Agreement, SysPay will use reasonable endeavours to settle Transactions and transfer the Merchant Settlement funds within four (4) Banking Days after the remittance period according to Appendix B.
Payment of Settlement Funds. Within seven (7) days from the full execution of this Agreement, Atain Specialty Insurance Company shall tender a check in the amount of $2,500.00 to counsel for Plaintiffs, and Great American Insurance Company shall tender a check in the amount of $2,500.00 to counsel for Plaintiffs. Both checks shall be made out to “Green, Sapp & Moriarty, LLP.” Within seven (7) days from the full execution of this Agreement, Defendants shall tender a check in the amount of $25,000.00 to counsel for Plaintiffs, made out to “Green, Sapp, & Moriarty, LLP.” It is acknowledged by the Parties that the above settlement funds may be used by Plaintiffs for, inter alia, “re-construction of the Monument on property located off and separate from the Property, reimbursement of Plaintiffs' legal expenses related to the Lawsuit, as well as application for and construction of a Georgia Historical Society historical marker or other sign for the Property as set forth below in Section 3.
Payment of Settlement Funds. 2.1 For complete release of all claims that any party to this Settlement Agreement has against any other party to this Settlement Agreement, and in return for the representations and warranties entered into, the FDIC shall pay to MAXXAM the sum of ten million dollars ($10 FDIC v. Hurwitz Settlement Agreement December 17, 2008 million)(“Settlement Funds”) to be paid by wire transfer in accordance with the instructions provided by MAXXAM’s counsel to the FDIC or its counsel. Payment of the Settlement Funds shall occur within two business days of receipt by the FDIC of a fully executed Settlement Agreement; otherwise, this Agreement shall be null and void.
Payment of Settlement Funds. 22. Within sixty (60) days of the Effective Date, Monsanto, on behalf of the entities described in Paragraphs 5 and 16, agrees to pay to the State, as full and final settlement of the Action, the sum of ninety-five million dollars ($95,000,000.00).

Related to Payment of Settlement Funds

  • Payment of Settlement Amount (1) Within thirty (30) days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP, for deposit into the Trust Account.

  • Net Out of Settlement Amounts The Non-Defaulting Party will aggregate all Settlement Amounts into a single amount by netting out (a) all amounts that are due to the Defaulting Party for Product that has been Delivered and not yet paid for, plus, at the option of the Non-Defaulting Party, any cash, security or other Performance Assurance then available to the Non-Defaulting Party, plus any or all other amounts due to the Defaulting Party under this Agreement against (b) all Settlement Amounts that are due to the Non-Defaulting Party, plus any or all other amounts due to the Non-Defaulting Party under this Agreement, so that all such amounts will be netted out to a single liquidated amount (the “Termination Payment”) payable by the Defaulting Party. The Termination Payment, if any, is due from the Defaulting Party to the Non-Defaulting Party within two Business Days following notice.

  • Settlement Funds The Servicer shall be named as a payee on all insurance loss drafts and upon receipt thereof, the funds shall be credited to the Borrower's Insurance Proceeds balance and deposited into (a) where such funds will be applied to the repair and restoration of the related Mortgaged Property and where required by applicable state law, one or more separate escrow accounts, so that the balance on deposit in such accounts is fully insured at all times by the FDIC through either the BIF or SAIF or (b) where such funds will not be applied to the repair and restoration of the related Mortgaged Property, the respective Custodial P&I Account.

  • Termination of Settlement If the Settlement is terminated as provided in the Stipulation, the Settlement is not approved, or the Effective Date of EXHIBIT A the Settlement otherwise fails to occur, this Order shall be vacated, rendered null and void, and be of no further force and effect, except as otherwise provided by the Stipulation, and this Order shall be without prejudice to the rights of Class Representative, the other Class Members, and Defendants, and the Parties shall revert to their respective positions in the Action immediately prior to the execution of the Term Sheet on October 5, 2021, as provided in the Stipulation.

  • Settlement Account 4.1 The Scheduling Coordinator shall maintain at all times an account with a bank capable of Fed-Wire transfer to which credits or debits shall be made in accordance with the billing and Settlement provisions of Section 11 of the CAISO Tariff. Such account shall be the account as notified by the Scheduling Coordinator to the CAISO from time to time by giving at least 20 days written notice before the new account becomes operational, together with all information necessary for the CAISO's processing of a change in that account.

  • Settlement Payments On the first Business Day of each month ("Interest Settlement Date"), Collateral Agent will advise each Lender by telephone, fax or telecopy of the amount of such Lender's share of interest and fees on each of the Loans as of the end of the last day of the immediately preceding month. Provided that such Lender has made all payments required to be made by it under this Agreement, Collateral Agent will pay to such Lender, by wire transfer to such Lender's account (as specified by such Lender on the signature page of this Agreement or the applicable Assignment and Acceptance Agreement, as amended by such Lender from time to time after the date hereof or in the applicable Assignment and Acceptance Agreement) not later than 3:00 p.m. Chicago time on the next Business Day following the Interest Settlement Date, such Lender's share of interest and fees on each of the Loans. Such Lender's share of interest on each Loan will be calculated for that Loan by adding together the Daily Interest Amounts for each calendar day of the prior month for that Loan and multiplying the total thereof by the Interest Ratio for that Loan. Such Lender's share of the Unused Line Fee described in subsection 2.3(A) shall be an amount equal to (a)(i) such Lender's average Revolving Loan Commitment during such month, less (ii) the sum of (x) such Lender's average Daily Loan Balance of the Revolving Loans, plus (y) such Lender's Pro Rata Share of the average daily aggregate amount of Letter of Credit Reserve, in each case for the preceding month, multiplied by (b) the percentage required by subsection 2.3(A). Such Lender's share of all other fees paid to Collateral Agent for the benefit of Lenders hereunder shall be paid and calculated based on such Lender's Commitment with respect to the Loans on which such fees are associated. To the extent Collateral Agent does not receive the total amount of any fee owing by Borrowers under this Agreement, each amount payable by Collateral Agent to a Lender under this subsection 9.8(A)(4) with respect to such fee shall be reduced on a pro rata basis. The Collateral Agent and the Lenders hereby acknowledge and agree that in no event shall the aggregate fee payments received by such Lenders pursuant to this subsection 9.8(A)(4) exceed the total amount of fees pursuant to subsection 2.3.

  • Settlement Fund The contents of the Settlement Fund held by The Huntington National Bank (which the Court approves as the Escrow Agent), shall be deemed and considered to be in custodia legis of the Court, and shall remain subject to the jurisdiction of the Court, until such time as they shall be distributed pursuant to the Stipulation and/or further order(s) of the Court.

  • Settlement Payment If the resulting net amount is positive, it shall be payable by the Defaulting Party to the Non-Defaulting Party, and if it is negative, then the absolute value of such amount shall be payable by the Non-Defaulting Party to the Defaulting Party.

  • Payment on Settlement Date On contractual settlement date, the account of the Fund will be charged for all purchased Investments settling on that day, regardless of whether or not delivery is made. Likewise, on contractual settlement date, proceeds from the sale of Investments settling that day will be credited to the account of Fund, irrespective of delivery. Exceptions to contractual settlement on purchases and sales, that will continue to settle delivery versus payment, include real estate, venture capital, international trades, open-ended mutual funds, non standard depository settlements and in-kind trades.

  • Payment of Funds No federal appropriated funds have been paid or will be paid by or on behalf of the parties to any person for influencing or attempting to influence an officer or employee of any federal agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any federal contract, the making of any federal grant, the making of any federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any federal contract, grant, loan, or cooperative agreement.