Settlement Payments definition

Settlement Payments has the meaning set forth in Section 1.4(h).

Settlement Payments means the payments from the Net Settlement Fund to be made to Settlement Class Members with Approved Claims according to the plan of allocation attached as Exhibit E (the “Plan of Allocation”).

Settlement Payments means payments by certain insurance companies pursuant to settlement agreements entered into by UTC and various subsidiaries, including the Company, with insurers under which the parties settled claims of UTC and various subsidiaries, including the Company and certain of the Subsidiaries, for coverage for environmental liabilities and losses under certain general liability and property policies.

Examples of Settlement Payments in a sentence

• Should the Settlement Claim Payments, when combined with the remainder of the Settlement Payments, exceed the Settlement Amount, the Settlement Claim Payments will be reduced on a pro rata basis such that the Settlement Amount is not exceeded.

• The Franchise Defendants shall, on behalf of the Defendants, pay the Settlement Payments to the Claims Administrator within thirty (30) days after the Effective Date.

• The Settlement Administrator is directed to provide Claim Settlement Payments to those Settlement Class Members who submit valid, timely, and complete Claims.

• Plaintiff has provided Defendant’s American Express bills showing discretionary spending during the same time period that he was failing to make payments under the Settlement Agreement including, but not limited to, the weekly property Settlement Payments.

• The employer’s share of taxes on the wage portion of Individual Settlement Payments will be paid by Defendants separately and in addition to the Gross Settlement Amount.

More Definitions of Settlement Payments

Settlement Payments has the meaning ascribed thereto in Section 6.01.

Settlement Payments means settlement payments made to the State or itsSubdivisions pursuant to the National Settlement Agreement.

Settlement Payments means the payment necessary to cover (i) Settlement Claim Payments, (ii) attorneys’ fees and costs approved by the Court, (iii) any Incentive Payment, and (iv) the costs of notice and administration. The Franchise Defendants shall make the Settlement Payments as set forth herein, but in no event shall the Settlement Payments exceed the Settlement Amount.

Settlement Payments means payments by the Borrower of approximately $2.775 billion to asbestos and silica claimants as described in the Disclosure Statement.

Settlement Payments means the payments from the Net Settlement Fund to 19 be made to Settlement Class Members with Approved Claims according to the plan of allocation 20 attached as Exhibit E (the “Plan of Allocation”).

Settlement Payments means, collectively, the Remediation Payment, the Estate Payment, the Insurance Payment, and the payment by the ChemicaInvest Parties of

Settlement Payments means the payments that will be made from the Net Settlement Fund to the Class Members who actually submit valid and timely Claim Forms, and that will be made according to the Plan of Allocation, which includes an interest component.