Settlement Fees definition

Settlement Fees means the fees charged by a recognised bank for the processing and settlement of the merchant or any other funds.

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Settlement Fees means any fees, fines, penalties or sanctions paid by an Insured to a governmental authority pursuant to a Settlement Program for the actual or alleged inadvertent non-compliance by a Plan with any statute, rule or regulation. Settlement Fees does not include: (1) any costs to correct the non-compliance, or any other charges, expenses, taxes or damages; or (2) any fees, fines, penalties or sanctions relating to a Plan, which, as of the earlier of the Inception Date of this Policy stated in ITEM 2(a) of the Declarations or the inception of the first policy in an uninterrupted series of policies issued by the Underwriter of which this Coverage Section is a direct or indirect renewal or replacement, any Insured Person knew to be actually or allegedly non-compliant.

Settlement Fees mean any fees, penalties or sanctions imposed by law under a Settlement Program that any Insureds become legally obligated to pay as a result of a Wrongful Act. Settlement Fees shall not include costs of corrections, other than fees or penalties.

Examples of Settlement Fees in a sentence

The Underwriter shall pay, on behalf of the Insureds, Settlement Fees and Defense Expenses with respect to a Settlement Program Notice first given to the Underwriter during the Policy Period or applicable Extended Reporting Period; provided, that such Settlement Fees and Defense Expenses are incurred after such Settlement Program Notice is first given to the Underwriter.
Such repayments will be applied to the Repayment Schedule in inverse order of maturities, and the Borrower shall pay the Bank the Early Settlement Fees stated in the Sanction Letter.
Subject to Sections 6.07 and 9.02, the Holders of at least a majority in aggregate principal amount of Notes then outstanding by notice to the Trustee may waive an existing Default or Event of Default and its consequences, except a continuing Default or Event of Default in payment of (i) interest, additional interest or premium on, or the principal of, the Notes, including any optional redemption payments or Change of Control or Asset Sale Offer payments or (ii) the Settlement Fees and Expenses .
Other fees and expenses as specified in this Agreement or as may otherwise be provided in Schedule A, including, upon each occurrence, Expedited Settlement Fees.
After Defendants have created the Settlement Fund, Defendants and ClearLight will have no further obligation to pay any amount under this Settlement, and any additional Settlement Fees And Expenses will be paid out of the Settlement Fund.
Subject to ▇▇▇▇▇▇▇▇’s receipt of each of the Settlement Fees in full in accordance with Sections 1.1(a) and 1.1(b), Order Form #1 and the MSA shall be deemed terminated by the Parties effective as of, and contingent upon the occurrence of, the date that all of the Settlement Fees are paid in full by Faraday (“Termination Date”).
Settlement Fees and Defense Expenses incurred with respect to a Settlement Program Notice will be subject to the applicable Retention set forth in ITEM 5 of the Declarations.
Excepting however, that Purchaser and Seller shall be responsible for their own Settlement Fees, Attorney ▇▇▇▇ and title work ordered by each respective party.
If an Event of Default related to (i) bankruptcy or insolvency of the Company, any Significant Subsidiary of the Company or any Subsidiaries of the Company that, taken together as a whole, would constitute a Significant Subsidiary or (ii) failure to pay the Settlement Fees and Expenses occurs, all unpaid principal of, and accrued interest on, the Notes then outstanding shall become due and payable immediately, without any declaration or other act on the part of the Trustee or any Holder.
Fees & Terms of Settlement Fees Policy Our aim is to effect a mutually agreed fixed price agreement for all the services as supplied.

More Definitions of Settlement Fees

Settlement Fees has the meaning assigned to such term in Section 8.2.

Settlement Fees means any:

Settlement Fees means any fees, penalties or sanctions imposed by law under a "settlement program" that any "insured" becomes legally obligated to pay as a result of a "wrongful act". The "settlement fees" shall not include any costs or expenses other than such fees, penalties or sanctions.

Settlement Fees has the meaning given in Section 14.2(b)(iv).

Settlement Fees means any fees, fines, penalties or sanctions imposed by law under a Settlement Program that an Insured becomes legally obligated to pay as a result of a Wrongful Act. Settlement Fees also mean the reasonable and necessary legal fees and expenses incurred by the Insured in connection with a Settlement Program; provided that Settlement Fees do not include the wages, salaries, fees or any other compensation paid to an Insured.