New Settlement Amount definition

New Settlement Amount means the amount of tax, National Insurance and other liabilities that a counterparty will be obliged to pay under the settlement agreement once the Legal Documentation becomes legally binding on all parties to it;
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Examples of New Settlement Amount in a sentence

  • Decora will pay to the Holders the sum of Fifty Thousand Dollars ($50,000) (herein, the "Monthly Payments") on or before the last day of each of the months of September and October of 1999 (or until such earlier date as the New Settlement Amount is paid to the Holders in full) in immediately available funds in accordance with the instructions for wiring such funds to Holders set forth in Section 2 hereof.

  • Decora shall pay to the Holders the New Settlement Amount on the earlier of (x) November 30, 1999, or (y) six (6) Trading Days after any Public Offering of Decora Common Stock (the "New Payment Date").

  • Within 120 days after the Effective Date, amend the Amended and Restated Payment and Deferral Agreement, dated as of September 23, 1999, by and among the Parent, the Borrower and each of the Holders identified and listed on Schedule A thereto, to provide for the payment by the Loan Parties of the New Settlement Amount (as defined therein) by delivery to the Holders of Capital Stock of the Parent.