Supplemental Settlement Payment definition

Supplemental Settlement Payment means an amount up to Seventy-Five Thousand Dollars ($75,000.00) that Venus will pay into the Settlement Fund if the number of timely, valid, and approved claims before any pro rata or decrease is made exceeds the Settlement Fund after all claims, class notice and administration costs, and Attorneys’ Fees and Expenses are paid. Venus shall only be required to pay into the Settlement Fund as much as is necessary to compensate Settlement Class Members for their Initial Claim Amounts. Under no circumstance shall Venus be required to pay any more than Nine Hundred Twenty-Five Thousand Dollars ($925,000.00) into the Settlement Fund.
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Related to Supplemental Settlement Payment

  • Individual Settlement Payment means the amount payable from the Net

  • 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.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Viatical settlement provider means a person, other than a viator, who enters into or effectuates a viatical settlement contract. Viatical settlement provider does not include:

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.