finality definition

finality means the confirmation explicitly or implicitly, that a payment or settlement is irreversible and irrevocable;
finality or ‘final’ shall mean that the settlement of a payment order cannot be revoked, reversed or made void by the sending NCB/ECB, by the sending participant or by any third party, or even in the event of insolvency proceedings against a participant, except in cases of imperfections in the underlying transaction(s) or payment order(s) arising from criminal offences or fraudulent acts (whereby fraudulent acts shall also include preferences and transac- tions at under-value during suspect periods in the case of insolvency) provided that such has been decided on a case-by-case basis by a court of competent jurisdiction or another competent dispute resolution body, or arising from error,
finality means: (i) the Court’s entry of both a Final Approval Order and Final Judgment Order; and (ii) either (a) no Party or other person has initiated a timely appeal or otherwise sought review of the Final Approval Order or Final Judgment Order, or (b) if the Final Approval Order or Final Judgment Order entered by the Court with respect to the Settlement are appealed to any Appellate Courts, the Final Approval Order and Final Judgment Order have been affirmed in their entirety by the Appellate Courts to which such appeal has been taken and such affirmance is no longer subject to further appeal or review.

More Definitions of finality

finality means: with respect to any judicial ruling or order in the Action, that the period for any appeals, petitions, motions for reconsideration, rehearing or certiorari or any other proceeding for review (“Review Proceeding”) has expired without the initiation of a Review Proceeding, or, if a Review Proceeding has been timely initiated, that there has occurred a full and final disposition of any such Review Proceeding, including the exhaustion of proceedings in any remand and/or subsequent appeal on remand.
finality or ‘final’ shall mean that the settlement of a payment order cannot be revoked, reversed or made void by the sending NCB/ECB, by the sending participant or by any third party, or even in the event of insolvency proceed- ings against a participant, except in cases of imperfections
finality means the state of an instruction having become irrevocable;
finality means that a settlement or transfer is unconditional, enforceable and irrevocable;
finality means that the settlement is unconditional and irrevocable ‘real-time’ means that payment orders are continuously executed, while
finality means: (1) If no timely appeal has been taken from the Order Granting Final Appoval, the day after the day on which all periods of time for any Party or Class Member to appeal have expired; or (2) If any timely appeal is undertaken, the day after the day on which any such appeal shall have been fully resolved, the Final Order shall have been affirmed in all material respects, and no further appeal to, or discretionary review remains in any court (whether by expiration of the time for any further appeal or otherwise).
finality. It is the agreement of Buyer and Sellers that adjustments to the Purchase Price, pursuant to the provisions regarding "Finality" shall be such that the value received by Sellers from Buyer, after the conversion by the Sellers of the Class A special convertible shares of Pacific TelCom [Canada] Inc. into common shares of Pacific TelCom, Inc., shall be an amount equal to Eleven Million Two Hundred Fifty Thousand Dollars ($11,250,000) as the aggregate value of common shares of Pacific TelCom, Inc., after the net affect of, or pursuant to, an adjustment to the purchase price hereto.