Payment of Settlement Funds. (1) Within thirty (30) days of the Execution Date, the Defendants shall pay the Settlement Funds to Siskinds, in trust, to be deposited into the Settlement Trust from which funds shall be paid toward Settlement Administration Expenses incurred prior to the issuance of the Settlement Approval Order, subject to subsection 4.4(1).
Payment of Settlement Funds. 3. (a) Visa shall pay the Settlement Fund Account, in settlement of the claims released below, a total of two billion and twenty five million dollars ($2,025,000,000), which includes the payment referenced in paragraph 8(b), to be made by wire transfer under the following schedule: Payment One : ten million dollars ($10,000,000) on or before July 4, 2003; Payment Two : two-hundred fifteen million dollars ($215,000,000) on or before December 22, 2003; Payment Three: two-hundred million dollars ($200,000,000) on or before December 22, 2004; Payment Four : two-hundred million dollars ($200,000,000) on or before December 22, 2005; Payment Five : two-hundred million dollars ($200,000,000) on or before December 22, 2006; Payment Six: two-hundred million dollars ($200,000,000) on or before December 22, 2007; Payment Seven: two-hundred million dollars ($200,000,000) on or before December 22, 2008; Payment Eight: two-hundred million dollars ($200,000,000) on or before December 22, 2009; Payment Nine : two-hundred million dollars ($200,000,000) on or before December 22, 2010; Payment Ten: two- hundred million dollars ($200,000,000) on or before December 22, 2011; and Payment Eleven: two-hundred million dollars ($200,000,000) on or before December 22, 2012. Nothing in this Agreement will require the Settlement Fund Account to be funded or established before the Agreement is submitted to the Court for preliminary approval. Visa’s timely payment of Payments One through Eleven into the Settlement Fund Account shall extinguish Visa’s obligations under this subparagraph with respect to each such payment. The satisfaction of Visa’s obligations under this subparagraph shall in no way be contingent on whether or how the Settlement Funds are disbursed.
Payment of Settlement Funds. 22. Within sixty (60) days of the Effective Date, Monsanto, on behalf of the entities described in Paragraphs 5 and 16, agrees to pay to the State, as full and final settlement of the Action, the sum of ninety-five million dollars ($95,000,000.00).
Payment of Settlement Funds. Within seven (7) days from the full execution of this Agreement, Atain Specialty Insurance Company shall tender a check in the amount of $2,500.00 to counsel for Plaintiffs, and Great American Insurance Company shall tender a check in the amount of $2,500.00 to counsel for Plaintiffs. Both checks shall be made out to “Green, Xxxx & Xxxxxxxx, LLP.” Within seven (7) days from the full execution of this Agreement, Defendants shall tender a check in the amount of $25,000.00 to counsel for Plaintiffs, made out to “Green, Sapp, & Xxxxxxxx, LLP.” It is acknowledged by the Parties that the above settlement funds may be used by Plaintiffs for, inter alia, “re-construction of the Monument on property located off and separate from the Property, reimbursement of Plaintiffs' legal expenses related to the Lawsuit, as well as application for and construction of a Georgia Historical Society historical marker or other sign for the Property as set forth below in Section 3.
Payment of Settlement Funds. 3. (a) MasterCard shall pay the Settlement Fund Account, in settlement of the claims against it, a total of one billion and twenty five million dollars ($1,025,000,000), which includes the payment referenced in paragraph 8(b) below, to be made by wire transfer under the following schedule: Payment One : ten million dollars ($10,000,000) on or before July 4, 2003; Payment Two : one-hundred fifteen million dollars ($115,000,000) on or before December 22, 2003; Payment Three: one-hundred million dollars ($100,000,000) on or before December 22, 2004; Payment Four : one-hundred million dollars ($100,000,000) on or before December 22, 2005; Payment Five : one-hundred million dollars ($100,000,000) on or before December 22, 2006; Payment Six: one-hundred million dollars ($100,000,000) on or before December 22, 2007; Payment Seven: one-hundred million dollars ($100,000,000) on or before December 22, 2008; Payment Eight: one- hundred million dollars ($100,000,000) on or before December 22, 2009; Payment Nine : one-hundred million dollars ($100,000,000) on or before December 22, 2010; Payment Ten: one- hundred million dollars ($100,000,000) on or before December 22, 2011; and Payment Eleven: one-hundred million dollars ($100,000,000) on or before December 22, 2012. Nothing in this Agreement will require the Settlement Fund Account to be funded or established before the Agreement is submitted to the Court for preliminary approval.
Payment of Settlement Funds. A plan of distribution to pay the settlement funds to Class Members must now be approved by the Courts. The proposed Distribution Protocol can be found at xxx.xxxxxxxxxxxxxxxxxxx.xx.
Payment of Settlement Funds. Within 7 days after the Effective Date, ERC shall distribute all monies set forth in ¶¶11 and 12 to the Administrator and, within 14 days thereafter, the Administrator shall disburse those monies in accordance with this Agreement.
Payment of Settlement Funds. The City shall pay the sum of $35,000 (the “settlement funds”) to the Law Office of Xxxxxxx Xxxxx, in total payment for, and in full satisfaction of any and all of Petitioner’s claims, including without limitation any claims for damages, attorneys’ fees, litigation expenses and costs against Respondent. Respondent will need a completed Form W-9 from Petitioner’s counsel in order to process the payment.
Payment of Settlement Funds. Subject to Clause 5.2 and Clause 8, RMS will remit the payment of the Settlement Funds to the Settlement Agent in respect of each completed Transaction in the manner as set forth in Appendix 1 as applicable. The amount of Settlement Funds due in respect of Transactions shall be deducted for the followings: The Service Charges due as described in Clause 6; Refunds in accordance with Clause 9; Charge Back, and any fines/penalties passed on to RMS by the TPPP in respect of the Merchant’s Transactions; Disputed Transactions and any amounts required to cover potential or expected Refunds, Charge Back or Disputed Transactions; Any applicable taxes (including Sales and Service Tax at 6%), assessments or duties that may be introduced by the relevant authorities, which may vary from time to time; Withholding Tax (both Domestic and International Payment Channels); Foreign Telegraphic Transfer fee for overseas bank account settlement and foreign Payment Channels; or Foreign exchange rate fluctuation (Forex conversion for international Payment Channels); If the Settlement is below the minimum Settlement amount as set forth in the Appendices, such Settlement shall be carried forward to the next Settlement date. In the event that the value of all items listed in Clause 5.2.1 to 5.2.8 exceed the value of all Transactions falling due for Settlement on the Settlement date, the resulting shortfall may be held over by RMS for deduction against the following Settlement when it shall be deducted from that Settlement together with any interest due. However, RMS reserves the right at any time to require payment (including by directly debiting the charges to the Merchant’s account balances) of all or part of such shortfall in such currency as RMS may determine. Settlement payment by RMS to the Settlement Agent shall be in the settlement currency stated in the Appendices. All foreign currencies will be converted to settlement currency if such a conversion is required. RMS shall use the respective local bank’s prevailing bank exchange rates as the conversion rates. RMS may hold back from the Settlement any amounts reasonably required to cover potential or expected Refunds, Charge Back, or Disputed Transactions.
Payment of Settlement Funds. SysPay will initiate a transfer of the applicable Settlement funds to Merchant’ Nominated Bank Account and subject to the terms and conditions of this Agreement, SysPay will use reasonable endeavours to settle Transactions and transfer the Merchant Settlement funds within four (4) Banking Days after the remittance period according to Appendix B.
