Settlement Payment definition

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.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Settlement Payment. ’ means a prelimi- nary settlement payment, a partial settlement payment, an interim settlement payment, a settlement payment on account, a final settle- ment payment, or any other similar payment commonly used in the securities trade; and

Settlement Payment means the payment to be made via mailed check and/or electronic payment to a Participating Settlement Class Member from the Settlement Administrator from the Settlement Fund.

Examples of Settlement Payment in a sentence

The Settlement Payment is inclusive of any VAT or other indirect tax and shall be made free and clear of, and without any setoff, counterclaim, deduction, withholding, or other reduction of any kind, including without limitation any wire transfer fees, intermediary bank fees, or other transaction charges, all of which shall be borne solely by Licensee.
This Agreement, including the Settlement Payment and the license granted pursuant to Section 2.1, is entered into as part of a complex negotiated settlement for the purpose of resolving disputed claims and avoiding litigation.
The Settlement Payment is supported by independent and sufficient consideration.
In consideration of the license, releases, and covenants granted by Licensor under this Agreement, Licensee shall pay to Licensor the Settlement Payment of fourteen million nine hundred thousand U.S. Dollars (US$14,900,000), which Settlement Payment shall be a single, one-time, fully paid-up, non-refundable payment.
Licensee further acknowledges that Licensor’s disclosure obligations may require disclosure of the Settlement Payment amount.

More Definitions of Settlement Payment

Settlement Payment means an Up-MACRO Settlement Payment or a Down-MACRO Settlement Payment, as applicable.

Settlement Payment or “Settlement Check” mean the payment to be made via mailed check to a Participating Settlement Class Member pursuant to Paragraph 40.

Settlement Payment means any payment to be made to any Class Member on Approved Claims pursuant to Section 3.2 herein.

Settlement Payment means a payment made pursuant to Section 2.1(c).

Settlement Payment means an Up Settlement Payment or a Down Settlement Payment, as applicable.

Settlement Payment means the amount to be paid to valid Claimants as detailed in Section 4.

Settlement Payment means the amount equal to the Net Settlement Fund divided by the number of Settlement Class Members.