Cash Settlement Payment Sample Clauses

Cash Settlement Payment. ▇▇▇▇ agrees to pay ▇▇▇▇▇▇▇▇▇, and ▇▇▇▇▇▇▇▇▇ agrees to accept, Two Million Three Hundred Thousand U.S. Dollars ($2,300,000) in cash (the “Cash Settlement Payment”), payable in full no later than the date (the “Settlement Deadline”) that is the twelve (12) month anniversary of the Effective Date (such period, the “Settlement Period”). During the period from the Effective Date through the Settlement Deadline, ▇▇▇▇ agrees to pay ▇▇▇▇▇▇▇▇▇ out of any equity or equity-linked financing (excluding any convertible debt financing until such convertible debt is converted into equity) following the date hereof (an “Equity Financing”) a minimum of twenty five percent (25%) of the gross proceeds of each Equity Financing within two (2) Business Days of the Company’s receipt of the proceeds from such Equity Financing, and which payment to ▇▇▇▇▇▇▇▇▇ would be applied toward the Cash Settlement Payment. Notwithstanding the foregoing, in the event that FOXO has received proceeds from its Strata Purchase Agreement with ClearThink Capital Partners, LLC prior to the Effective Date, ▇▇▇▇▇▇▇▇▇ shall be entitled to a minimum of 25% of the gross proceeds thereof, payment of which to ▇▇▇▇▇▇▇▇▇ would be applied toward the Cash Settlement Payment. The Company will use commercially reasonable efforts to pay $300,000 in cash to ▇▇▇▇▇▇▇▇▇ by December 31, 2023 toward the Cash Settlement Payment. In the event that the Company has not paid in full the Cash Settlement Payment prior to the Settlement Deadline, ▇▇▇▇▇▇▇▇▇ shall be entitled to retain all proceeds received pursuant hereto, the Mutual Releases addressed in paragraph 8 below will be returned to their respective parties, and ▇▇▇▇▇▇▇▇▇ may pursue any claims against, among others, ▇▇▇▇.

Cash Settlement Payment. Class Members who are former or current customers and elect to receive a Cash Settlement Payment shall receive a one-time payment as follows: a. Class Members who are Low Electric Usage Customers shall receive $2.50 for each Customer Month, subject to a cap of 15 Customer Months. b. Class Members who are High Electric Usage Customers shall receive $3.50 for each Customer Month, subject to a cap of 15 Customer Months. c. Class Members who are Low Gas Usage Customers shall receive $0.75 for each Customer Month, subject to a cap of 15 Customer Months. d. Class Members who are High Gas Usage Customers shall receive $1.00 for each Customer Month, subject to a cap of 15 Customer Months. e. In addition to the payments provided for above, if a Class Member: (i) elects to receive the Cash Settlement Payment; (ii) is a Rebate Customer; and (iii) is not a Rebate Recalculation Customer, such Class Member shall receive an additional $1.00 payment.

Cash Settlement Payment. You may receive a cash payment if you select the Ticket Cash and Interest Cash option for an Unused Credit and/or Partial Unused Credit.

Cash Settlement Payment. Upon execution of this Agreement by all parties hereto, NGI shall remit payment in the amount of US$5,208.50 for the Interest Dispute, in cash, payable to Bhindi (collectively the "Payment"). Bhindi acknowledges that the Payment satisfies the Interest Dispute and the Triple Net Dispute in entirety.

Cash Settlement Payment. Any vested RSUs shall be settled in cash paid to the Participant promptly following the vesting date in an amount equal to the product of (a) the number of vested RSUs and (b) the Fair Market Value of the Company’s Common Stock on the vesting date, net of any applicable withholding amounts. The Participant shall have no right to receive any shares of Common Stock upon the vesting and settlement of the RSUs.

Cash Settlement Payment. Any vested PRSUs shall be settled in cash paid to the Participant promptly following the vesting date in an amount equal to the product of (a) the number of vested PRSUs and (b) the Fair Market Value of the Company’s Common Stock on the vesting date, net of any applicable withholding amounts. The Participant shall have no right to receive any shares of Common Stock upon the vesting and settlement of the PRSUs.