Interest on Settlement Amount Sample Clauses

Interest on Settlement Amount. Any interest earned on the Settlement Amount, once it has been delivered to the Settlement Administrator, shall be for the benefit of the Settlement Class.
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Interest on Settlement Amount. No interest will accrue on the Settlement Amount provided that valid and properly payable claims made by Class Members are paid within the timeframes set forth in this Settlement Agreement. To the extent any valid and properly payable claims made by Class Members are not paid within the timeframes set forth in this Settlement Agreement, interest will accrue on those unpaid claims only. Such interest will accrue at the Missouri Post-Judgment Interest Rate set forth in the version of §408.040, RSMo, existing at the date of this settlement (9 percent), and shall be measured from the date of the final approval order until the date such claims are paid.
Sample 1
Interest on Settlement Amount. In the event that COP does not deposit $50,800,000 of the Settlement Amount in the Escrow Account and pay the $250,000 to reimburse the Class Representative for the Confirmation Process within ten (10) business days of Preliminary Approval by the First Judicial District Court of the Settlement Agreement, then, beginning on the eleventh (11th) business day after such preliminary approval, COP shall bear interest at the rate of 6% per annum on that portion of the Settlement Amount and the $250,000 for reimbursement to Class Representative for the Confirmation process until paid into the settlement Escrow Account or to the Class Representative. In the event of any appeal from the Final Approval of the Settlement Agreement, any portion of the Settlement Amount or the $250,000 for reimbursement of the Confirmation Process held by COP shall continue to bear interest at the rate of 6% per annum until deposited in the settlement Escrow Account or paid to Class Representative. SECTION 4.0 -- ATTORNEYS’ FEES AND EXPENSES AND CLASS REPRESENTATIVE INCENTIVE AWARD.
Sample 1
Interest on Settlement Amount. If Burlington does not deposit the Settlement Amount in the Escrow Account within ten (10) business days of Preliminary Approval, then Burlington shall thereafter deposit in the Escrow Account the Settlement Amount plus simple interest at the rate of six percent (6%) per annum, calculated from the eleventh (11th) business day after such Preliminary Approval through the date the Settlement Amount plus such interest is paid into the settlement Escrow Account. In the event of any appeal from the Final Approval of the Settlement Agreement, the Settlement Amount held by Burlington shall continue to bear simple interest at the rate of six percent (6%) per annum until deposited in the Escrow Account. For the avoidance of doubt, after the Settlement Amount is deposited in the Escrow Account, Burlington shall not be responsible for payment of any interest thereafter.
Sample 1

Related to Interest on Settlement Amount

  • Payment of Settlement Amount (1) Within thirty (30) days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP, for deposit into the Trust Account.

  • Net Out of Settlement Amounts The Non-Defaulting Party will aggregate all Settlement Amounts into a single amount by netting out (a) all amounts that are due to the Defaulting Party for Product that has been Delivered and not yet paid for, plus, at the option of the Non-Defaulting Party, any cash, security or other Performance Assurance then available to the Non-Defaulting Party, plus any or all other amounts due to the Defaulting Party under this Agreement against (b) all Settlement Amounts that are due to the Non-Defaulting Party, plus any or all other amounts due to the Non-Defaulting Party under this Agreement, so that all such amounts will be netted out to a single liquidated amount (the “Termination Payment”) payable by the Defaulting Party. The Termination Payment, if any, is due from the Defaulting Party to the Non-Defaulting Party within two Business Days following notice.

  • Settlement Amount If the Non-Defaulting Party has declared an Early Termination Date pursuant to Section 7.2(b), the Non-Defaulting Party shall have the right to (i) accelerate all amounts owing between the Defaulting Party and the Non-Defaulting Party and to liquidate and terminate the undertakings set forth in this Agreement as between the Defaulting Party and the Non-Defaulting Party; and (ii) withhold any payments due to the Defaulting Party under this Agreement pending payment of the Termination Payment. The Non-Defaulting Party will calculate, in a commercially reasonable manner, the Settlement Amount with respect to the Defaulting Party’s obligations under the Agreement and shall net the Settlement Amount in the manner provided for in Section 7.3(c).

  • Gross Settlement Amount Except as otherwise provided by Paragraph 8 below, Defendant promises to pay $290,000.00 and no more as the Gross Settlement Amount and to separately pay any and all employer payroll taxes owed on the Wage Portions of the Individual Class Payments. Defendant has no obligation to pay the Gross Settlement Amount (or any payroll taxes) prior to the deadline stated in Paragraph 4.3 of this Agreement. The Administrator will disburse the entire Gross Settlement Amount without asking or requiring Participating Class Members or Aggrieved Employees to submit any claim as a condition of payment. None of the Gross Settlement Amount will revert to Defendant.

  • Interest on Delinquent Payments Without waiving any other right or action available to Authority, in the event of default of Company's payment of Rents or other charges hereunder, and in the event Company is delinquent in paying to Authority any Rents or other charges for a period of five (5) days after the payment is due, Authority reserves the right to charge Company interest thereon from the date the Rents or other charges became due to the date of payment at one and one-half percent (1.5%) per month, to the maximum extent permitted by Applicable Law.

  • Payments from the Gross Settlement Amount The Administrator will make and deduct the following payments from the Gross Settlement Amount, in the amounts specified by the Court in the Final Approval:

  • Funding of Gross Settlement Amount Defendant shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant’s share of payroll taxes by transmitting the funds to the Administrator no later than 14 days after the Effective Date.

  • Interest on Loans (a) Except as otherwise set forth herein, each Class of Loan shall bear interest on the unpaid principal amount thereof from the date made through repayment (whether by acceleration or otherwise) thereof as follows:

  • Interest on Floating Rate Notes (a) Interest Payment Dates Each Floating Rate Note bears interest from (and including) the Interest Commencement Date and such interest will be payable in arrear on either:

  • Interest on Unpaid Balances Interest on any unpaid amount (including amounts placed in escrow) shall be calculated in accordance with the method specified for interest on refunds in the Commission’s regulations at 18 C.F.R. § 35.19a (a)(2)(iii). Interest on unpaid amounts shall be calculated from the due date of the xxxx to the date of payment. Invoices shall be considered as having been paid on the date of receipt of payment.

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