Settlement Statements definition

Settlement Statements has the meaning set forth in Section 5.2.

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Settlement Statements means the statements detailing all inflows, outflows, costs and expenses of the transaction for both parties, including without limitation the Disbursement Request and Authorization to be executed by Borrower at Closing.

Settlement Statements means one or more statements, signed by each of the Sellers and the Purchaser and to be received by the Escrow Agent at or prior to the Closing, identifying all funds to be received by the Escrow Agent at or prior to the Closing and further identifying how and to whom all such funds are to be paid by the Escrow Agent, such that all Acquired Assets, the Businesses and the Premises are transferred to Purchaser and/or its designee(s) free and clear of any and all Liens whatsoever, except for Permitted Encumbrances.

Examples of Settlement Statements in a sentence

• All Monthly Settlement Statements, Daily Reports, financial statements, records, and other information furnished by or on behalf of BAFC, the Servicer or the Guarantor to the Administrative Agent or any Liquidity Bank hereunder shall be accurate in all material respects as of their respective date.

• Without limiting the foregoing, prior to termination, the failure of the Seller to deliver computer records of Receivables or Settlement Statements shall not render such transfer or obligation executory, nor shall the continued duties of the parties pursuant to Section 5 or Section 9.1 of this Agreement render an executed sale executory.

• All Monthly Settlement Statements, Funding Period Settlement Statements and certificates delivered by the Master Servicer pursuant to Sections 4.3 and 4.4 of the Servicing Agreement.

• Settlement Statements or, as applicable, Local Statements issued under another Ancillary Agreement may be issued by Parent or a Subsidiary of Parent in the relevant local currency as further set out in the relevant Ancillary Agreement.

• In each case unless otherwise required by applicable Law, all Settlement Statements shall be issued in U.S. dollars and all Local Statements (if applicable) shall be issued in the relevant local currency stated in Appendix B.

• For clarity, any such adjustment pursuant to this Section 4.1 shall only apply as from the date of the written notice provided by Service Provider but not retroactively; the Parties acknowledge and agree that any such adjustment pursuant to this Section 4.1 does not require an amendment of this Agreement (including the Transition Service Schedules) but will be set-out in a separate line item in the applicable Settlement Statements.

• Any such information shall be deemed to have been requested reasonably only if it is necessary or appropriate for a determination of the adequacy of the Buyer’s reserve for Receivables losses, the rate of collection of Receivables, the risk of uncollectibility thereof, or whether amounts collected on Sold Receivables are being properly accounted for by Seller, or to ascertain the appropriateness of the Settlement Statements or Termination Settlement Statements.

• The Servicer shall direct the Trustee in writing (which may be given in the form of the Monthly Settlement Statements or the Daily Reports) to apply all Collections with respect to the Purchased Loans as described in this Article III and in the Supplement with respect to each Outstanding Series.

• Notwithstanding Section 13.1(a), if EFS fails to settle any amount that is not disputed in good faith, within three (3) Business Days after the date on which Bank shall have given notice thereof in accordance with Section 2.15 (Settlement Statements).

• At any time during the Term and during the period up to 180 days after the Final Settlement Statement is finalized under Section 5.8, ▇▇▇▇▇ shall have the right to conduct one audit of the books and records of LINN insofar as they pertain to the Services, the Monthly Settlement Statements, the Monthly Statements, or the Final Settlement Statement.

More Definitions of Settlement Statements

Settlement Statements means the statement prepared in accordance with Section 2.5 showing the particulars of the calculation of the Net Working Capital and the adjustment of the Purchase Price in respect thereof, calculated in accordance with Section 2.6;

Settlement Statements shall have the meaning set forth in Section 4(c)(ii)(2) of this Agreement.

Settlement Statements of ZFT (the "Settlement Statement") for the immediately preceding fiscal quarter, prepared in accordance with the requirements of the Receivables Facility Documents and such other information with respect to the purchase and sale of ZFT Receivables pursuant to the Receivables Facility Documents as the Agent shall request in the exercise of its reasonable discretion;