Settlement Monies definition

Settlement Monies means the payment from you of sufficient monies to us to pay for the Transaction specified in the Contract Note together with all Account Charges due from you. Settlement Monies must be in Cleared Funds.

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Settlement Monies means the payment due from you of cleared settlement monies to as a result of a Transaction as specified in the Contract Note;

Settlement Monies means HK$96,087,167.05 to be paid on Completion for the Sale Shares, being the amount of the Consideration after deducting stamp duty payable for the sale of the Sale Shares at 0.1%;

Examples of Settlement Monies in a sentence

The payment by Canada of the Settlement Monies to the Trust pursuant to the Settlement Agreement is being made to the Settlor by Canada and is received by the Trustees at the direction of the Settlor in accordance with Section 90 of the Indian Act, notwithstanding the Settlor's direction that such monies be disbursed as provided by Section 3 of this Agreement.
The Trustees will pay to the account of the Settlor stipulated in a Council Resolution, on a one time only basis, an amount of $3,400,000 being 20% of the Settlement Monies for the purpose of completing a per capita distribution to the Members upon such terms as may be set out in the Council Resolution provided that such terms provide for the shares of Members who, at the time of the distribution will be under the age of 19 years.
The Settlement Monies deposited by Canada on behalf of the First Nation with the Trustee shall be deposited into the Trust Account.
Within one business day after counsel’s receipt of the Settlement Monies and the delivery of the Escrow Release Instruction referred to in paragraph 1 above, Glowpoint shall file the original Notice of Dismissal with the Clerk of the Court for the United States District Court for the Southern District of New York.
Immediately upon the filing of the Notice of Dismissal, Glowpoint shall be entitled to receipt of the Settlement Monies from its counsel.
The Trustees will receive and use the Settlement Monies in accordance with Section 3.
Without limiting the definition of “Trust Property”, the Trust Property will, initially, be the Settlement Monies and thereafter such other monies and investments as are held in the Trust Capital Account and the Trust Revenue Account from time to time, including monies invested by the Trustees pursuant to the terms hereof and monies loaned or re- contributed by the Settlor from disbursements of Net Income or otherwise.
Prior to the deposit of the Settlement Monies with the Trustee, the Trustee shall cause to be opened the Trust Account.
As soon as is reasonably possible after the execution of this Agreement, and if possible prior to the deposit of the Settlement Monies with the Trustee, the First Nation shall cause to be opened the Band Account, the Authorized Expense Account and a separate account established by the First Nation at a financial institution for the purpose of making the per capita distributions.
The Trustees will deposit the portion of the Settlement Monies not required for immediate payment under Section 3.1 (a) to (c) into the Trust Capital Account.

More Definitions of Settlement Monies

Settlement Monies means the payment due from you to us as a result of a Transaction as specified in the Contract Note.

Settlement Monies means the amount of the Compensation in the total amount of twenty-one million, seven hundred and three thousand, three hundred and twenty six dollars ($21,703,326.00) to be deposited into the Trust Account pursuant to Article 2 of the Settlement Agreement;

Settlement Monies means the Compensation paid to the Settlor by Canada as defined in the Settlement Agreement;

Settlement Monies means a maximum of $1,300,000 that the Defendants may be liable to pay under this Settlement Agreement to fund payment of the Total Approved Claims Amount, Class Counsel Fees, Claims Administration Costs, any Honoraria, and any Cy Pres Donation.

Settlement Monies means that portion of the settlement monies arising from the RHT Claim settlement contributed to the Trust by Serpent River First Nation;