Second Settlement Payment definition

Second Settlement Payment means any payment made by or on behalf of the Borrower to F-K of an agreed upon percentage as required in accordance with Paragraphs 15 or 16 of the Settlement Agreement.
Sample 1
Second Settlement Payment means the Total Settlement Payment, less the First Settlement Payment, to be paid by Defendant to the Qualified Settlement Fund in the manner set forth in Section 10.1. The Second Settlement Payment shall be Twenty-Six Million Nine Hundred Thousand Dollars ($26,900,000.00) less the aggregate amount of (i) settlement payments made by any of the DST Defendants to any member of the Settlement Class in connection with the Arbitrations up to but not to exceed the amount of the Net Settlement Fund to which such member of the Settlement Class would be entitled under the Plan of Allocation had he or she not received a separate settlement payment; and (ii) any monetary judgment issued to any member of the Settlement Class and not reversed as of the Effective Date of the Settlement in connection with the Arbitrations against any of the Defendants associated with Plaintiffs’ Released Claims up to but not to exceed the amount of the Net Settlement Fund to which such member of the Settlement Class would be entitled under the Plan of Allocation had he or she not received a separate recovery.
Sample 1
Second Settlement Payment means the payment by the Borrower to the HMI Escrow Agent of $1,350,000 in cash in all respects pursuant to and in accordance with the Restated Stipulation of Partial Settlement.
Sample 1

Examples of Second Settlement Payment in a sentence

  • No later than five (5) business days after the entry of the Preliminary Approval Order, Class Counsel shall: (a) establish at a Financial Institution through the Settlement Administrator, an account (the “Escrow Account”) for the purpose of holding the Total Settlement Payment; and (b) provide notice to Defendant of the information needed to deposit the First Settlement Payment and Second Settlement Payment into the Escrow Account.

  • Defendant shall transmit to the Financial Institution a check in the amount of the Second Settlement Payment for deposit into the Escrow Account within thirty (30) calendar days after the later of the Effective Date of Settlement or the date any order with respect to Attorneys’ Fees and Expenses and Case Contribution Award(s) is Final.

  • Within 10 days of the Second Cutoff Date the Administrator shall provide a declaration and report to counsel for all Parties setting forth the total amount and number of payments sent and cashed in connection with the Second Settlement Payment, and the remaining balance of the Class Fund available for cy pres distribution.

  • Attorneys’ Fees and Expenses as awarded by the Court shall be payable to Class Counsel from the Qualified Settlement Fund following the deposit of the Second Settlement Payment into the Escrow Account, regardless of the existence of any objection to or appeal of the Settlement and/or the award of Attorneys’ Fees and Expenses.

  • The Case Contribution Award(s) shall be payable from the Qualified Settlement Fund following the deposit of the Second Settlement Payment into the Escrow Account and shall be in addition to any portion of the Net Settlement Fund the Named Plaintiffs would otherwise be entitled to receive as Settlement Class members.

  • The Second Settlement Payment shall be made by check sent via First Class U.S. Mail to the same address as the Initial Payment, or such updated address provided by the Participating Class Member, 60 days after the last outstanding check from the First Settlement Payment or any subsequent payment to a Later Identified Member, is voided or cashed.


More Definitions of Second Settlement Payment

Second Settlement Payment means that Thirty Million Four Hundred Thousand Dollar ($30,400,000.00) portion of the Total Settlement Payment to be paid by Defendant to the Qualified Settlement Fund in the manner set forth in Section 10.1.
Sample 1
Second Settlement Payment means that Twenty One Million Four Hundred Thousand Dollar ($21,400,000.00) portion of the Total Settlement Payment to be paid by Defendant to the Qualified Settlement Fund in the manner set forth in Section 10.1.
Sample 1
Second Settlement Payment means the sum of the Second DST Settlement Payment; the Second Goldfarb Settlement Payment; and the Second RCG Settlement Payment.
Sample 1

Related to Second Settlement Payment

  • Individual Settlement Payment means the amount payable from the Net

  • 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.

  • 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:

  • 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.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • 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.

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

  • Net Share Settlement On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by Dealer and pay cash to Dealer in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date. Number of Shares to be Delivered: In respect of any Exercise Date, subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii)(A) the excess, if any, of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price, divided by (B) such VWAP Price. The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 4:00 P.M. (local time in New York City) on the relevant Settlement Date.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

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

  • Structured settlement agreement means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

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

  • Standard Settlement Period means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

  • Structured settlement means an arrangement for periodic payment of damages for personal injuries established by settlement or judgment in resolution of a tort claim or for periodic payments in settlement of a workers’ compensation claim.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Share Settlement means a number of shares of Class A Common Stock (together with any Corresponding Rights) equal to the number of Redeemed Units.

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

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

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Mandatory Settlement Date means the earliest of:

  • Ontario Settlement Class means the settlement class in respect of the Ontario Action as defined in Schedule A.