Settlement Funds. The Servicer shall be named as a payee on all insurance loss drafts and upon receipt thereof, the funds shall be credited to the Borrower's Insurance Proceeds balance and deposited into (a) where such funds will be applied to the repair and restoration of the related Mortgaged Property and where required by applicable state law, one or more separate escrow accounts, so that the balance on deposit in such accounts is fully insured at all times by the FDIC through either the BIF or SAIF or (b) where such funds will not be applied to the repair and restoration of the related Mortgaged Property, the respective Custodial P&I Account.
Settlement Funds. For the purpose of settling a Securities transaction, Customer will provide BNY Mellon with sufficient immediately available funds or Securities, as applicable, in the relevant Account by such time and date as is required to enable BNY Mellon to settle such transaction in the country of settlement and in the currency to be used to settle such transaction.
Settlement Funds. You appoint Stripe as your agent for the limited purpose of directing, receiving, holding and settling funds under this Agreement. Notwithstanding the prior sentence, no agency is established for tax purposes. All settlement funds Stripe receives for Transactions are combined with settlement funds held for other Stripe users and safeguarded as Safeguarded Funds. Once Stripe receives settlement funds, the relevant Customer has no further obligation to make payments to you with respect to a Transaction. Stripe will promptly update your Stripe Account balance to reflect processed Transactions. If, in the capacity as your agent, Stripe provides a receipt for a Transaction to the applicable Customer, that receipt is binding on you. Prior to transferring settlement funds to the User Bank Account, Stripe may invest Safeguarded Funds as described in Section 5.2 of the General Terms. You have no rights to any earnings generated by Safeguarded Funds and are not entitled to draw funds from any Pooled Account.
Settlement Funds. The Buyer will transfer the Purchase Price in immediately available funds to the Seller care of the escrow agent, Xxxxxxx & Xxxx, X.X.
Settlement Funds. The Buyer will transfer the Purchase Price in immediately available funds to the Seller at the Closing.
Settlement Funds. (A) Subject to the Walk Away Right, as set forth in Article X, Organon shall deposit funds in the amount of $100,000,000 (the “Settlement Funds”) into the Qualified Settlement Fund (also referred to herein as the “QSF”) within thirty (30) days following the Effective Date of this Agreement.
Settlement Funds. (A) BHCP shall deposit into the Qualified Settlement Fund only those funds necessary for the payment of settlement awards in accordance with the terms hereof. Payments shall be made on an as needed basis within thirty
Settlement Funds. The Client must ensure that its SFT Account holds sufficient sold funds in order to settle each Contract for Currencies. The Client will not receive purchased funds unless at settlement its SFT Account holds the required sold funds.
Settlement Funds. Defendant agrees to deposit the Settlement Funds into the Escrow Account within fifteen (15) business days after the Effective Date. When Defendant makes its deposit of the Settlement Funds, Defendant shall simultaneously furnish to Lead Class Counsel an electronic spreadsheet(s) and other documentation reflecting Defendant’s calculation of the Settlement Funds and the underlying basis thereof.
Settlement Funds. Within thirty (30) days after the Effective Date, Defendant shall deposit the Expungement Settlement Fund into the Expungement Escrow Account and the Source and Chart Settlement Fund into the Source and Chart Escrow Account. These two Settlement Funds will be the amount awarded by the Court as the total monetary consideration to the Settlement Classes identified in this Settlement Agreement, and inclusive of any and all payment of attorneys’ fees, costs, administrative fees, notice expenses, and any other expenses described herein. The amount awarded by the Court as the Expungement Settlement Fund shall total, and not exceed, One Hundred Forty-Three Thousand Dollars ($143,000.00). The amount awarded by the Court as the Source and Chart Settlement Fund shall total, and not exceed, Nine Hundred Thirty-Six Thousand Two Hundred Dollars ($936,200.00). Defendant shall not be ordered or required to pay any other award or any other fees, costs, or expenses aside from the Settlement Funds as provided for herein. The two escrow accounts will be managed by the Escrow Agent.
