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.
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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
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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.
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Examples of Settlement Payment in a sentence

  • In the event that Solésence has not received the full Settlement Payment of $675,000.00 by January 15, 2026, SOLARIUM HEREBY EXPRESSLY, KNOWINGLY, AND VOLUNTARILY AGREES AND ACKNOWLEDGES that Solésence shall be entitled to take judgment by confession pursuant to 735 ILCS 5/2-1301(c) for the full Settlement Payment, less any payments made pursuant to the Settlement Agreement, plus interest accrued at the statutory rate of 9% per annum from January 16, 2026 up to and including the date of the final payment.

  • Solarium’s Settlement Payment shall be made by ACH to Solésence, whose account information shall be provided to Solarium’s counsel under separate cover within five (5) business days of the Effective Date.

  • Solésence not receiving the full Settlement Payment of $675,000.00 by January 15, 2026 shall constitute an event of default (“Default”) under the Settlement Agreement.


More Definitions of Settlement Payment

Settlement Payment or “Settlement Check” mean the payment to be made via mailed check to a Participating Settlement Class Member pursuant to Paragraph 40.
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Settlement Payment means an Up-MACRO Settlement Payment or a Down-MACRO Settlement Payment, as applicable.
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Settlement Payment means any payment to be made to any Class Member on Approved Claims pursuant to Section 3.2 herein.
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Settlement Payment means a payment made pursuant to Section 2.1(c).
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Settlement Payment means an Up Settlement Payment or a Down Settlement Payment, as applicable.
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Settlement Payment means the amount to be paid to valid Claimants as detailed in Section 4.
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Settlement Payment means the amount equal to the Net Settlement Fund divided by the number of Settlement Class Members.
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