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. 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. 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).
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, Xxxx & Xxxxxxxx, 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, & Xxxxxxxx, 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. Defendants shall electronically transfer to an account established by the Settlement Administrator (the “Settlement Account”) sufficient funds to pay the claims of Class Members who have returned claims forms in accordance with the requirements of the Court’s order, within five (5) days of the latter of (1) receipt by Defendants’ Counsel and the Plaintiffs’ Counsel of notification from the Settlement Administrator of the amount required to pay such claims, or (2) five (5) days of the Effective Date. The Settlement Administrator shall mail the settlement checks to the Class Members within thirty (30) days of receipt of the Effective Date. Defendants shall separately electronically transfer, by a check made payable to or wire transfer to an account identified by Plaintiffs’ Counsel for the benefit of the appropriate party, such funds as are necessary to pay any attorneys’ fees and named-plaintiff Incentive Award approved by the Court within five (5) days of the Effective Date.
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. 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 x. Xxxxxxx 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. The City shall pay the sum of $35,000 (the “settlement funds”) to the Law Office of Xxxxxxx Xxxxx, in total payment for, and in full satisfaction of any and all of Petitioner’s claims, including without limitation any claims for damages, attorneys’ fees, litigation expenses and costs against Respondent. Respondent will need a completed Form W-9 from Petitioner’s counsel in order to process the payment.
Payment of Settlement Funds. 5.1 Subject to Clause 5.2 and Clause 8, Wavpay Technology Partner will remit the payment of the Settlement Funds to the Merchant’s bank account in respect of each completed Transaction in the manner as set forth in Appendices as applicable.
Payment of Settlement Funds. Within 7 days after the Effective Date, ERC shall distribute all monies set forth in ¶¶11 and 12 to the Administrator and, within 14 days thereafter, the Administrator shall disburse those monies in accordance with this Agreement.
