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.
Settlement Funds. For the purpose of settling a Securities transaction, Customer will provide BNY Mellon with sufficient immediately available funds or Securities, as applicable, in the relevant Account by such time and date as is required to enable BNY Mellon to settle such transaction in the country of settlement and in the currency to be used to settle such transaction.
Settlement Funds. You appoint Stripe as your agent for the limited purpose of directing, receiving, holding and settling funds under this Agreement. Notwithstanding the prior sentence, no agency is established for tax purposes. All settlement funds Stripe receives for Transactions are combined with settlement funds held for other Stripe users and safeguarded as Safeguarded Funds. Once Stripe receives settlement funds, the relevant Customer has no further obligation to make payments to you with respect to a Transaction. Stripe will promptly update your Stripe Account balance to reflect processed Transactions. If, in the capacity as your agent, Stripe provides a receipt for a Transaction to the applicable Customer, that receipt is binding on you. Prior to transferring settlement funds to the User Bank Account, Stripe may invest Safeguarded Funds as described in Section 5.2 of the General Terms. You have no rights to any earnings generated by Safeguarded Funds and are not entitled to draw funds from any Pooled Account.
Settlement Funds. The Buyer will transfer the Purchase Price in immediately available funds to the Seller care of the escrow agent, Xxxxxxx & Xxxx, X.X.
Settlement Funds. The Buyer will transfer the Purchase Price in immediately available funds payable to Sellers according to the instructions provided to Buyer by the Sellers at the Closing.
Settlement Funds. (A) BHCP shall deposit into the Qualified Settlement Fund only those funds necessary for the payment of settlement awards in accordance with the terms hereof. Payments shall be made on an as needed basis within thirty
Settlement Funds. (A) Subject to the Walk Away Right, as set forth in Article X, Organon shall deposit funds in the amount of $100,000,000 (the “Settlement Funds”) into the Qualified Settlement Fund (also referred to herein as the “QSF”) within thirty (30) days following the Effective Date of this Agreement.
Settlement Funds. The Client must ensure that its SFT Account holds sufficient sold funds in order to settle each Contract for Currencies. The Client will not receive purchased funds unless at settlement its SFT Account holds the required sold funds.
Settlement Funds. No later than ten (10) business days after the Effective Date of this Settlement, Defendants shall pay, by wire transfer to the Claims Administrator: (i) the sum of Seven Hundred Seventy-Five Thousand Dollars ($775,000) as the “Individual Named Plaintiffs’ Settlement Fund” and (ii) Thirty-Eight Million Two Hundred Twenty-Five Thousand Dollars ($38,225,000) (the “Settlement Sum”) minus the amount previously paid to Plaintiffs’ Counsel for attorneys’ fees and costs (as specified in Section XII) and minus the Claims Administrator’s reasonably anticipated fees and costs advanced to the Claims Administrator upon Preliminary Approval of the Settlement Agreement (the “Settlement Fund”). These amounts shall be placed into an interest bearing escrow account established by the Claims Administrator. The Settlement Sum together with the Individual Named Plaintiffs’ Settlement Fund constitute the total settlement cash outlay by Defendants in connection with the resolution of this Action, except for payments to the Independent Consultant and the Independent Settlement Monitor, the costs of the Programmatic Relief and Defendants’ share of taxes. The Settlement Sum together with the Individual Named Plaintiffs’ Settlement Fund shall cover all expenses, costs, fees and taxes related in any way to the Settlement, except for payments to the Independent Consultant and the Independent Settlement Monitor, the Programmatic Relief, and the employer share of FUTA/FICA/SUTA and Medicare taxes on settlement proceeds. No other money shall be separately paid by Defendants in connection with this Settlement (including, without limitation, in connection with any taxes, attorneys’ fees, retirement or other employee benefits, or in any other respect). This Settlement Sum together with the Individual Named Plaintiffs’ Settlement Fund is inclusive of payment for: (a) all amounts paid to Settlement Class Members, including the Named Plaintiffs, which are to be distributed pursuant to Section C, below; (b) all amounts paid to Named Plaintiffs, which includes amounts paid as Service Awards (as described in Section XII.D.), amounts paid as Settlement Class Members and amounts paid to Named Plaintiffs Xxxxx Xxxx, Xxxxxx Xxxxxxx, Xxxx Xxxxx and Xxxx XxXxxxxxxxx for signing individual releases (as described in Section V.B.); (c) attorneys’ fees associated or incurred in connection with Named Plaintiffs’ individual claims up through Preliminary Approval or, if later, the date Xxxx, Xxxxxxx, Xxxxx a...
Settlement Funds. (A) Subject to the Walk Away Right, as set forth in Article V, Daiichi Sankyo, or its designee(s), shall pay funds on behalf of Daiichi Sankyo and Forest in the aggregate amount of $300,000,000 (the “Settlement Funds”) in accordance with the following schedule: $100,000,000 shall be deposited into the QSF within thirty (30) days after the Claims Administrator has given notice to the QSF Administrator of the total amount of Settlement Payment(s) to be made to each Qualifying Program Claimant, as set forth in Section 7.04; $110,000,000 shall be deposited into the QSF within sixty (60) days after the Claims Administrator has given notice to the QSF Administrator of the total amount of Settlement Payment(s) to be made to each Qualifying Program Claimant; and the remainder of the $300 million aggregate amount, minus any amounts that have already been deposited into the QSF or paid directly to the Claims Administrator by or on behalf of Daiichi Sankyo and Forest, shall be deposited into the QSF within ninety (90) days after the Claims Administrator has given such notice (“Final Funding Date”). For the avoidance of doubt, under no circumstances shall Daiichi Sankyo, Forest, any other Defendant, or any other Released Persons, be obligated for the payment of any monies more than the aggregate amount of $300,000,000 nor for any additional monies associated with the Program (including but not limited to additional monies for EI Payments, attorneys’ fees or expenses, or common benefit attorneys’ fees or expenses), with the exception of the payment of any expenses for audits and appeals thereto, where applicable, as explicitly provided for in Sections 8.05(A) and 9.05.
