Settlement Payments and Procedures Sample Clauses

Settlement Payments and Procedures. 3.1 Defendant agrees to pay up to $1,250,000 (the “Maximum Settlement Amount”) to resolve all pending and potential Penal Code §§ 632, 632.7 and 637.2 claims for all Settlement Class Members during the Class Period, as well as to pay a service award to the Settlement Class Representative, all costs of administration and notice, and Settlement Class Counsel’s attorneys’ fees and costs, all of which will be deducted from the Maximum Settlement Amount. In no event shall Defendant or any of the other Released Parties be required to make any payment in excess of the Maximum Settlement Amount for any cause or reason whatsoever. Within 30 calendar days of the Settlement Effective Date, Defendant shall pay to the Claims Administrator an amount equal to either the amount of all Authorized Claims or half of the Net Settlement Fund, whichever is greater. Also, within 30 calendar days of the Settlement Effective Date, Defendant shall pay to the Claims Administrator an amount equal to the sum of the service award to the Settlement Class Representative, and Settlement Class Counsel’s attorneys’ fees and costs. Defendant shall also pay to the Claims Administrator all costs associated with the notice and administration of the settlement. All payments made by Defendant for payment of Authorized Claims shall be deposited by the Claims Administrator into one or more FDIC-insured institutions in a segregated non- interest-bearing account or accounts to be opened and maintained by the Claims Administrator at banks that have passed the most recent Xxxx-Xxxxx Act Stress Test. The Claims Administrator shall maintain those accounts and allow withdrawals from those accounts only if those withdrawals are consistent with the terms of this Agreement and any orders of the Court. Under no circumstances, including in the event of an appeal or appeals, shall Defendant be obligated to pay more than the Maximum Settlement Amount set forth in this Agreement.
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Settlement Payments and Procedures. 3.1 Defendant agrees to pay the non-reversionary (all-in) Gross Settlement Amount of $4,000,000 (four million dollars) to resolve all pending and potential Penal Code §§ 632, 632.7 and 637.2 claims for all Settlement Class Members during the Class Period, as well as to pay a service award to the Settlement Class Representative, all costs of administration and notice, and Settlement Class Counsel’s attorneys’ fees and costs, all of which will be deducted from the Gross Settlement Amount. In no event shall Defendant or any of the other Released Parties be required to make any payment in excess of the Gross Settlement Amount for any cause or reason whatsoever. Within 20 calendar days after the Court enters the order granting preliminary approval, Defendant shall deposit with the Claims Administrator the estimated amount (no more than $20,000) necessary to pay for the notice program described in Section 6 below. Within 30 calendar days of the Settlement Effective Date, Defendant shall fund the remainder of the $4,000,000 Gross Settlement Amount. All payments made by Defendant shall be deposited by the Claims Administrator into one or more FDIC-insured institutions in a segregated, FDIC-insured, non-interest-bearing account or accounts to be opened and maintained by the Claims Administrator at banks that have passed the most recent Xxxx-Xxxxx Act Stress Test. The Claims Administrator shall maintain those accounts and allow withdrawals from those accounts only if those withdrawals are consistent with the terms of this Agreement and any orders of the Court. Under no circumstances, including in the event of an appeal or appeals, shall Defendant be obligated to pay more than the Gross Settlement Amount set forth in this Agreement.
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Settlement Payments and Procedures. 3.1 Defendants agree to fund a Cash Settlement Fund of up to $450,000.00 to pay Authorized Claimants who submit valid and timely Claim Forms-Cash. Defendants will only be required to fund the amount required to pay $27.00 per documented transaction to each Settlement Class Member who submits a valid and timely Claim Form-Cash (i.e., Authorized Claimant) up to a total of $450,000.00. If the number of valid and timely claims paid out at $27.00 per documented transaction will exceed $450,000.00, the payment to each Authorized Claimant per documented transaction shall decrease on a pro-rata basis with the entire $450,000.00 being distributed to Authorized Claimants who submit valid and timely Claim Forms-Cash. Within 10 business days of Settlement Effective Date, Defendants shall fund the amount of the Cash Settlement Fund required to make all required settlement payments.
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Settlement Payments and Procedures 
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Related to Settlement Payments and Procedures

  • Administrative Claims Requirements and Procedures No suit or arbitration shall be brought arising out of this Agreement against City unless a claim has first been presented in writing and filed with City and acted upon by City in accordance with the procedures set forth in Chapter 1.34 of the Chula Vista Municipal Code, as same may be amended, the provisions of which, including such policies and procedures used by City in the implementation of same, are incorporated herein by this reference. Upon request by City, Consultant shall meet and confer in good faith with City for the purpose of resolving any dispute over the terms of this Agreement.

  • BILLING PROCEDURES AND PAYMENT COMMERCE shall reimburse the Contractor for eligible Project expenditures, up to the maximum payable under this Contract. When requesting reimbursement for expenditures made, Contractor shall submit all Invoice Vouchers and any required documentation electronically through COMMERCE’s Contracts Management System (CMS), which is available through the Secure Access Washington (SAW) portal. If the Contractor has constraints preventing access to COMMERCE’s online A-19 portal, a hard copy A-19 form may be provided by the COMMERCE Project Manager upon request. The voucher must be certified by an official of the Contractor with authority to bind the Contractor. The final voucher shall be submitted to COMMERCE no later than November 15, 2020. COMMERCE will pay Contractor upon acceptance of services provided and receipt of properly completed invoices, which shall be submitted to the Representative for COMMERCE not more often than monthly. The invoices shall describe and document, to COMMERCE's satisfaction, reimbursable expenditures as set forth under the Scope of Work (Attachment A) and Budget & Invoicing (Attachment B). The invoice shall include the Contract Number as stated on the Face Sheet. Each voucher must be accompanied by an A-19 Certification (Attachment C) and A-19 Activity Report (Attachment D). The A-19 Certification must be certified by an authorized party of the Contractor to certify and attest all expenditures submitted on the voucher are in compliance with the United States Treasury Coronavirus Relief Fund (“Fund”) Guidance for State, Territorial, Local, and Tribal Governments: xxxxx://xxxx.xxxxxxxx.xxx/system/files/136/Coronavirus-Relief-Fund-Guidance-for-State-Territorial-Local- and-Tribal-Governments.pdf The A-19 Activity Report must be submitted which describes, in Excel spreadsheet and narrative form, a detailed breakdown of the expenditures within each applicable budget sub-category identified in the voucher, as well as a report of expenditures to date. COMMERCE will not release payment for any reimbursement request received unless and until the A-19 Certification and A-19 Activity Report is received. After approving the Invoice Voucher, A-19 Certification and Activity Report, COMMERCE shall promptly remit a warrant to the Contractor. Payment shall be considered timely if made by COMMERCE within thirty (30) calendar days after receipt of properly completed invoices. Payment shall be sent to the address designated by the Contractor. COMMERCE may, in its sole discretion, terminate the Contract or withhold payments claimed by the Contractor for services rendered if the Contractor fails to satisfactorily comply with any term or condition of this Contract. No payments in advance or in anticipation of services or supplies to be provided under this Agreement shall be made by COMMERCE.

  • Safeguarding requirements and procedures (1) The Contractor shall apply the following basic safeguarding requirements and procedures to protect covered contractor information systems. Requirements and procedures for basic safeguarding of covered contractor information systems shall include, at a minimum, the following security controls:

  • Contractor Requirements and Procedures For Business Participation Opportunities For NYS Certified Minority- and Women-Owned Business Enterprises and Equal Employment Opportunities for Minority Group Members and Women

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  • Settlement Procedures (a) The collection of the Pool Receivables shall be administered by the Servicer in accordance with this Agreement. The Seller shall provide to the Servicer on a timely basis all information needed for such administration, including notice of the occurrence of any Termination Day and current computations of the Purchased Interest.

  • Payment Procedures Upon receipt of a Right Certificate representing exercisable Rights, with the form of election to purchase and certification duly executed, accompanied by payment of the aggregate Purchase Price for the total number of one one-hundredths of a Preferred Share to be purchased and an amount equal to any applicable transfer tax required to be paid by the holder of such Right Certificate in accordance with Section 9, in cash or by certified or cashier's check or money order payable to the order of the Company, the Rights Agent shall thereupon promptly (i)(A) requisition from any transfer agent of the Preferred Shares (or make available, if the Rights Agent is the transfer agent) certificates for the number of Preferred Shares to be purchased and the Company hereby irrevocably authorizes its transfer agent to comply with all such requests, or (B) if the Company shall have elected to deposit the total number of Preferred Shares issuable upon exercise of the Rights hereunder with a depository agent, requisition from the depositary agent depositary receipts representing interests in such number of one one-hundredths of a Preferred Share as are to be purchased (in which case certificates for the Preferred Shares represented by such receipts shall be deposited by the transfer agent with the depositary agent) and the Company hereby directs the depositary agent to comply with all such requests, (ii) when appropriate, requisition from the Company the amount of cash to be paid in lieu of the issuance of fractional shares in accordance with Section 14 or otherwise in accordance with Section 11.1.3, (iii) promptly after receipt of such certificates or depositary receipts, cause the same to be delivered to or upon the order of the registered holder of such Right Certificate, registered in such name or names as may be designated by such holder and (iv) when appropriate, after receipt, promptly deliver such cash to or upon the order of the registered holder of such Right Certificate. In the event that the Company is obligated to issue other securities of the Company, pay cash and/or distribute other property pursuant to Section 11.1.3, the Company will make all arrangements necessary so that such other securities, cash and/or other property are available for distribution by the Rights Agent, if and when appropriate.

  • Dispute Settling Procedures (1) The principles of conciliation and direct negotiation shall be adopted for the purpose of prevention and settlement of any questions, disputes or difficulties that may arise in the operation of this Agreement.

  • Dispute Settlement Procedures (1) If a dispute relates to:

  • Account Procedures and Records (a) Grantee shall establish for the Project one or more separate accounts that shall be approved by the Project Monitor. Said account or accounts shall be maintained within Grantee's existing accounting system or set up independently. Said account or accounts shall be referred to herein collectively as "the Project Account."

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