Common use of Final Settlement Payments Clause in Contracts

Final Settlement Payments. 4.3.1. After (and only after) (i) all MI Qualifying Program Claimants have completed the Claims Valuation Process and all Points awards to MI Qualifying Program Claimants have become Final, (ii) the actual aggregate dollar amount of all possible MI Fixed Payments and MI EI Payments has been definitively determined and (iii) the final round of audits pursuant to Article 10 have been completed with respect to all MI Qualifying Program Claimants (or, if earlier, the 60th day after the conditions specified in clauses (i) and (ii) have been satisfied), each MI Qualifying Program Claimant (other than those who elected to receive a Fixed Payment pursuant to Section 3.3) shall be paid an amount equal to (x) the product of such MI Qualifying Program Claimant’s MI Points multiplied by the MI Point Value, minus (y) the amount of any Interim Settlement Payment made to such Qualifying Program Claimant (each such payment, an “MI Final Settlement Payment”). 4.3.2. After (and only after) (i) all IS Qualifying Program Claimants have completed the Claims Valuation Process and all Points awards to IS Qualifying Program Claimants have become Final, (ii) the actual aggregate dollar amount of all possible IS Fixed Payments and IS EI Payments has been definitively determined and (iii) the final round of audits pursuant to Article 10 have been completed with respect to all IS Qualifying Program Claimants (or, if earlier, the 60th day after the conditions specified in clauses (i) and (ii) have been satisfied), each IS Qualifying Program Claimant (other than those who elected to receive a Fixed Payment pursuant to Section 3.3) shall be paid an amount equal to (x) the product of such IS Qualifying Program Claimant’s IS Points multiplied by the IS Point Value, minus (y) the amount of any Interim Settlement Payment made to such Qualifying Program Claimant (each such payment, an “IS Final Settlement Payment”). 4.3.3. The MI Final Settlement Payments and the IS Final Settlement Payments may be referred to herein as the “Final Settlement Payments”).

Final Settlement Payments. 4.3.1. After (and only afterA) No final settlement payments (i“Final Payments”) all MI Qualifying Program Claimants have completed the Claims Valuation Process and all Points awards may be made to MI Qualifying Program Claimants have become Final, (ii) the actual aggregate dollar amount of all possible MI Fixed Payments and MI EI Payments has been definitively determined and (iii) the final round of audits pursuant to Article 10 have been completed with respect to all MI Qualifying Program Claimants (or, if earlier, the 60th day after the conditions specified in clauses (i) and (ii) have been satisfied), each MI any Qualifying Program Claimant from the QSF until final Point Awards have been established for each enrolled Claimant, and all EI Payment eligibility and awards determinations for any applicable Claimant have been made, and any Special Master Appeals thereof resolved, and a final dollar value per Point (other than those who elected to receive a Fixed Payment pursuant to Section 3.3“Final Point Value”) has been calculated by the Claims Administrator (“Claims Administrator’s Final Points Valuation”). (B) Final Payments shall be paid to each Qualifying Program Claimant from the QSF in an amount equal to (x) the product of such MI Qualifying Program Claimant’s MI Points Award multiplied by the MI Final Point Value, minus (y) the amount of any Interim Settlement Payment made to such Qualifying Program Claimant (each such paymentClaimant, an “MI Final Settlement Payment”)subject to the provisions of Article XIII, and in accordance with MMSEA and all other applicable laws relating to Lien satisfaction and reporting. 4.3.2. After (and only afterC) (i) all IS Qualifying Program Claimants have completed Subject to the provisions of Section 11.03 regarding Releases, the Claims Valuation Process and all Points awards Administrator shall give notice to IS Qualifying Program Claimants have become Final, (ii) the actual aggregate dollar QSF Administrator of the amount of all possible IS Fixed Payments and IS EI Payments has been definitively determined and (iii) the final round of audits pursuant Final Payment to Article 10 have been completed with respect be made to all IS Qualifying Program Claimants (or, if earlier, the 60th day after the conditions specified in clauses (i) and (ii) have been satisfied), each IS Qualifying Program Claimant within 45 days following the later of: (other than those who elected 1) the Claims Administrator’s Final Points Valuation, or (2) notification given from the Lien Resolution Administrator to receive a Fixed Payment pursuant to Section 3.3) the Claims Administrator and Takeda that such Claimant’s outstanding Liens have been satisfied or otherwise resolved in accordance with Article XIII, and payment shall be paid an made from the QSF within fifteen (15) days of the Claims Administrator’s notification of the amount equal to (x) of the product of such IS Final Payment for the applicable Qualifying Program Claimant. If Claimant has no outstanding Liens, Final Payment shall be made from the QSF within 60 days following the Claims Administrator’s IS Final Points multiplied by the IS Point Value, minus (y) the amount of any Interim Settlement Payment made to such Qualifying Program Claimant (each such payment, an “IS Final Settlement Payment”)Valuation. 4.3.3. The MI Final Settlement Payments and the IS Final Settlement Payments may be referred to herein as the “Final Settlement Payments”).

Final Settlement Payments. 4.3.1. After (and only after) (i) all MI Qualifying Program Claimants have completed the Claims Valuation Process and all Points awards to MI Qualifying Program Claimants have become Final, (ii) the actual aggregate dollar amount of all possible MI Fixed Payments and MI EI Payments has been definitively determined and (iii) the final round of audits pursuant to Article 10 have been completed with respect to all MI Qualifying Program Claimants (or, if earlier, the 60th day after the conditions specified in clauses (i) and (ii) have been satisfied), each MI Qualifying Program Claimant (other than those who elected to receive a Fixed Payment pursuant to Section 3.3) shall be paid an amount equal to (x) the product of such MI Qualifying Program Claimant’s MI Points multiplied by the MI Point Value, minus (y) the amount of any Interim Settlement Payment made to such Qualifying Program Claimant (each such payment, an “MI Final Settlement Payment”” ). 4.3.2. After (and only after) (i) all IS Qualifying Program Claimants have completed the Claims Valuation Process and all Points awards to IS Qualifying Program Claimants have become Final, (ii) the actual aggregate dollar amount of all possible IS Fixed Payments and IS EI Payments has been definitively determined and (iii) the final round of audits pursuant to Article 10 have been completed with respect to all IS Qualifying Program Claimants (or, if earlier, the 60th day after the conditions specified in clauses (i) and (ii) have been satisfied), each IS Qualifying Program Claimant (other than those who elected to receive a Fixed Payment pursuant to Section 3.3) shall be paid an amount equal to (x) the product of such IS Qualifying Program Claimant’s IS Points multiplied by the IS Point Value, minus (y) the amount of any Interim Settlement Payment made to such Qualifying Program Claimant (each such payment, an “IS Final Settlement Payment”)) . 4.3.3. The MI Final Settlement Payments and the IS Final Settlement Payments may be referred to herein as the “Final Settlement Payments”” ).