Net Settlement Payment definition

Net Settlement Payment means (a) in the event that the Total Settlement Demand Amount is funded as of the Effective Date, the Total Settlement Demand Amount less the Professional Fee Hold-Back; and (b) in the event that the Partial Settlement Option is jointly elected by the Debtor and the Survivors’ Committee, all payments received from a Partial Settlement Option Accepted Party less the Professional Fee Hold-Back.‌
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Net Settlement Payment means the Settlement Payment less the Escrow Expenses (as defined below) and the Fee Award (as defined below).
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Net Settlement Payment means the Gross Settlement Payment to each Participating Class Member, less applicable income and payroll taxes deducted and reported to the IRS by the Claims Administrator.
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Examples of Net Settlement Payment in a sentence

  • Specifically, within thirty (30) calendar days following the Effective Date, the Claims Administrator shall mail to each Participating Class Member at his or her Last Known Address, or Updated Address if obtained, his or her Net Settlement Payment in accordance with the Settlement Agreement.

  • To distribute the Net Settlement Payment to NCI, via wire transfer instructions provided by NCI, within ten (10) business days after the Settlement Payment Date.

  • The Claim Administrator’s determination of eligibility and the amounts of any Gross Settlement Payment and Net Settlement Payment under the terms of the Settlement Agreement shall be conclusive, final and binding on all Settling Parties, including Participating Class Members.

  • Any Net Settlement Payment checks issued to Participating Class Members pursuant to this Settlement Agreement shall remain valid and negotiable for a period of one hundred and fifty (150) calendar days from the date of their issuance.

  • Within thirty (30) calendar days following the Effective Date, the Claims Administrator shall use best efforts to mail to each Participating Class Member at his or her Last Known Address, or Updated Address if obtained, his or her Net Settlement Payment from the Settlement Fund in accordance with Section V.G. of this Settlement Agreement.

  • In accordance with the Settlement Agreement, Net Settlement Payment checks issued tothe Participating Class Members pursuant to the Settlement shall remain valid and negotiable for a period of one hundred and fifty (150) calendar days from the date of their issuance.

  • Peterson said she still has a $30,000 contingency built into the budget because she does not believe the City of Lamberton is at the fund balance percentage suggested by the State of Minnesota.

  • The Future Claimant Reserve will be funded with one percent (1.0%) of the Net Settlement Payment.

  • Upon receipt of the Agreed CGL Insurer Payments from the Settling Insurers, the Debtor will wire the Net Settlement Payment to the Trust.

  • Net Settlement Payment: [insert start date(s) and end date(s) of employment from 5/26/2016 – December 4, 2020 and number of workweeks].b.


More Definitions of Net Settlement Payment

Net Settlement Payment means the Total Settlement Demand Amount less the Twistars Payment and the Professional Fee Hold-Back.‌
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Net Settlement Payment means the remainder of the Settlement Payment described in Section 3.1 after deductions for payment of the Claim Administrator’s fees as described in Section 2.1, court-approved attorneys’ fees and costs as described in Section 3.4, and court-approved service payments to Plaintiffs as described in Section 3.5, and after setting aside the reserve fund described in Section 3.3(E), state and federal payroll taxes as described in 3.7(C).
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Net Settlement Payment means the aggregate of all potential Allocated Amounts to be paid to the Authorized Claimants after deducting: (a) the court-approved attorneys’ fees and costs as described in Section 3.2; and (b) the court-approved service payment to Plaintiff as described in Section 3.3; and (c) the payment to the Claims Administrator as described in Section 2.1; and (d) the employer’s share of payroll taxes as described in Section 3.5 from the Gross Settlement Fund
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Net Settlement Payment means the remainder of the Settlement Payment after court-approved attorneys’ fees and costs as described in Section 3.2, Service Awards described in 3.3, and any taxes incurred directly or indirectly as a result of investing the Settlement Payment.
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Related to Net Settlement Payment

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Net Settlement Fund means the Settlement Fund less: (i) any Taxes;

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Individual Settlement Payment means the amount payable from the Net

  • Cash Settlement Payment Date means in relation to a Series of Notes, the date specified as such or otherwise determined as provided in the relevant Final Terms.

  • Gross Settlement Amount means Two Hundred Forty Thousand Dollars and Zero Cents ($240,000.00) which is the total amount Defendant agrees to pay under the Settlement. The Gross Settlement Amount will be used to pay Individual Settlement Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, Class Representative Service Payment, and the Administration Expenses.

  • TARGET Settlement Day means any day on which TARGET2 is open for the settlement of payments in euro;

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

  • Purchase Contract Settlement Date means [ ].

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Disruption Cash Settlement Price means in respect of each Security, an amount in the Settlement Currency equal to the fair market value of the Share Amount (taking into account, where the Settlement Disruption Event affected some but not all of the Shares comprising the Share Amount and such non-affected Shares have been duly delivered as provided above, the value of such Shares), less the cost to the Issuer of unwinding any underlying related hedging arrangements, all as determined by the Issuer.

  • Net Share Settlement Amount: For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Viatical settlement broker means a person, including a life insurance producer as provided for in section 508E.3, who, working exclusively on behalf of a viator and for a fee, commission, or other valuable consideration, offers or attempts to negotiate viatical settlement contracts between a viator and one or more viatical settlement providers or one or more viatical settlement brokers. Notwithstanding the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator, and not the insurer or the viatical settlement provider, and owes a fiduciary duty to the viator to act according to the viator’s instructions and in the best interest of the viator. “Viatical settlement broker” does not include an attorney, certified public accountant, or a financial planner accredited by a nationally recognized accreditation agency who is retained to represent the viator and whose compensation is not paid directly or indirectly by the viatical settlement provider or purchaser.

  • Settlement Price means the agreed upon price at which to purchase and sell a specified type and quantity of a commodity.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Relevant Settlement Method In respect of any Option:

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • Daily Settlement Price means the settlement price for a Swap calculated each Business Day by or on behalf of BSEF. The Daily Settlement Price can be expressed in currency, spread, yield or any other appropriate measure commonly used in swap markets.