Settlement Transactions Sample Clauses
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Settlement Transactions. The Parties, as indicated, shall complete, or cause third parties to complete, the transactions below in accordance with the following terms and conditions:
a. On the Effective Date (as defined in Section 8 below), CMM shall cause Wells Fargo Bank Minnesota, N.A. ("Wells Fargo"), as dis▇▇▇▇▇ng agent, to release from esc▇▇▇ to FUNB the Series A Note having a face amount of $7,517,630.54 as of November 30, 2001 and the Series B Notes having an aggregate face amount of $4,809,273.10 (collectively, the "Notes"). The Notes will be sold pursuant to the provisions of Section 3 below. FUNB shall, by the close of business on the day (i.e. the trade date) that FUNB reaches an agreement with a third party to sell the Notes, provide (1) written notice to CMM stating the settlement date of the Notes (the "Settlement Date") and the agreed upon purchase price for the Notes and (2) appropriate evidence of the proceeds (the "Proceeds") expected to be realized from the sale of the Notes on the Settlement Date, and (3) a breakdown of the Proceeds including the principal amount (which aggregate amount for the Series B Notes may have increased because of the semi-annual payment of interest in-kind on the principal amount of such Note at the rate of 7% per annum), accrued interest, and commissions separately identified provided such information is provided to FUNB by such third party.
b. On the Settlement Date, (1) FUNB shall release from escrow to CMM an amount totaling $16,072,662.91 as of November 30, 2001, plus all interest thereon through and including the Settlement Date; (2) CMM shall cause Wells Fargo, as disbursing agent, to release from escrow to (▇) FUNB the escrow cash amount of $5,382,894.66 (the "Escrow Cash Amount") and (B) CMM an amount totaling $1,315,394.24 as of November 30, 2001, plus all cash interest and principal payments on the Notes through and including the Settlement Date, plus any remaining amounts held in escrow by Wells Fargo after giving effect to Section 2(b)(2)(A) abo▇▇; ▇nd
Settlement Transactions. The parties shall consummate the following transactions on the date of this Settlement Agreement:
(a) The Employment Agreement between Dart and RSH, dated August 1, 1993 (the "Employment Agreement"), shall be amended to increase to One Hundred Forty Dollars ($140) per share the exercise price of the option to purchase the Option Shares provided for in the Employment Agreement.
(b) RSH shall exercise the amended option to purchase the Option Shares under the amended Employment Agreement and, pursuant to such exercise, Dart shall issue the Option Shares to RSH in exchange for (i) the payment of One Hundred Ninety-Seven Thousand Forty-Eight Dollars ($197,048) from RSH to Dart and (ii) a promissory note executed and delivered by RSH to Dart in the principal amount of Twenty-Seven Million Three Hundred Eighty-Nine Thousand Six Hundred
Settlement Transactions. With respect to short settlement transactions, as may be permitted for certain Funds from time to time, each Trust may assess a cash collateral buffer as a percentage of the total order value. The cash collateral buffer would be added to the Cash Component of the basket. On the Business Day following the trade date of a short settlement transaction, each Trust will calculate the true-up amount and either instruct a return wire to the Participant with all or a portion of the cash collateral or require additional funds from the Participant. Each Trust requires the true-up amount from the Participant to be paid same day. The following individuals are Authorized Persons pursuant to Section 6 of the Participant Agreement between ALPS Distributors, Inc. and Participant, subject to acceptance by the Transfer Agent , Participant Name NSCC # Certified By (Signature): Print Name: Title:
(1) Required information.
(2) Required information to use the Web Order Site.
Settlement Transactions. For purposes of this Agreement, the “Closing Date” shall be the date on which all of the following actions are or have been taken:
Settlement Transactions. The parties hereto agree that they shall implement the settlement contemplated by this Agreement by entering into the documents and performing the transactions set forth below at the times, in accordance with the procedures and subject to the conditions set forth in this Agreement and the other Settlement Documents.
Settlement Transactions. The parties hereto agree that the agreements contemplated by this First Supplemental Agreement shall be implemented on the First Supplemental Closing Date (as defined in Section 1.3(b)) by the execution and delivery of the documents and the performance of the transactions set forth below, at the times, in accordance with the procedures and subject to the conditions set forth in this Section 1.1 and Sections 1.2 and 1.
Settlement Transactions. In consideration of the mutual covenants and releases reflected in this Agreement, the Parties agree as follows:
(a) Concurrently with the execution of this Agreement, Ver▇▇ ▇▇all transfer and deliver to PentaStar 80,000 of the Ver▇▇ ▇▇quisition Shares, along with stock powers duly executed in blank. The shares to be so transferred shall be shares which are not Contingent Shares. The Parties acknowledge and agree that, following such transfer, Mr. ▇▇▇▇▇ ▇▇ns a total of 344,100 shares of PentaStar Common Stock, of which 219,100 are Ver▇▇ ▇▇under Shares and 125,000 are Ver▇▇ ▇▇quisition Shares. Of the 125,000 Ver▇▇ ▇▇quisition Shares, 68,265 shares are the Contingent Shares and shall remain subject to the Contingent Stock Agreement.
(b) The Stock Restriction Letter Agreement is hereby terminated. However, Ver▇▇ ▇▇rees with PentaStar as follows with respect to (1) the 275,835 shares (the "Subject Shares") which consists of the 344,100 shares of PentaStar Common Stock owned by Mr. ▇▇▇▇▇, ▇ess the 68,265 Contingent Shares, and (2) the Contingent Shares:
(i) Except as otherwise provided in clauses (ii), (iii), (iv) or (v) below, until a PentaStar Liquidity Event (as defined below) Ver▇▇ ▇▇all not, and shall not attempt, agree or contract to, transfer, sell, assign, exchange, transfer, pledge, hypothecate, encumber, grant any option with respect to, grant any security interest in, or otherwise dispose (each of the foregoing, including any attempt, agreement or contract with respect thereto, is referred to as a "Transfer") of any of the Subject Shares or any interest therein (which shall expressly include (A) any stock dividends issues by PentaStar and attributable to the Subject Shares and (B) any shares of capital stock of PentaStar issued or issuable as a result of stock splits or stock dividends). Moreover, PentaStar shall not recognize any attempted Transfer which does not comply with this Section 2(b). "PentaStar Liquidity Event" means the sale of all or substantially all of the assets or outstanding shares of PentaStar, whether by way of merger, acquisition or other method (except a merger or consolidation immediately after which the persons who were shareholders of PentaStar before the transaction own a majority of the outstanding equity securities of the surviving or resulting entity).
Settlement Transactions. The Board wishes to announce that on 22 June 2022 (after trading hours), JBB Builders (an indirect wholly-owned subsidiary of the Company), Bukit Pelali and Astaka Padu had entered into the Master Supplemental Agreement, pursuant to which, JBB Builders had conditionally agreed to settle the Outstanding Contract Sum in the total amount of approximately RM59.0 million owed to JBB Builders and payable by Bukit Pelali under the Contractor Agreements by way of:
(i) accepting twenty (20) Contra Properties from Astaka Padu by way of contra and set-off; and
Settlement Transactions