Payment of Settled Claims Sample Clauses

Payment of Settled Claims. CRMC will make settlement payments on behalf of certain of the Clients for which it processes and settles claims. CRMC has no obligation to make any settlement payment until it has received the funds to do so from the relevant CRMC Client, and will not be liable for the Client’s delay or failure to provide settlement funds. Settlement payments may be at a pro rata share of the total settlement value of a claim, which share is determined by the CRMC Client on whose behalf CRMC resolves claims. CRMC will not make a settlement payment until at least 24 hours after the Law firm has communicated acceptance of a settlement offer. For those CRMC Clients for which CRMC does not make settlement payments, CRMC will notify the Client or the Client’s designated payment agent promptly after the Law firm has accepted a claim settlement offer, and CRMC will have no further responsibility for the payment of the claim.
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Payment of Settled Claims. The CRMC may make settlement payments on behalf of the Xxxxxxxx Trust. The CRMC has no obligation to make any settlement payment until it has received the funds to do so from the Xxxxxxxx Trust, and will not be liable for the Xxxxxxxx Trust’s delay or failure to provide settlement funds. Settlement payments may be at a pro rata share of the total settlement value of a claim, which share will be determined by the Xxxxxxxx Trust. The CRMC will make settlement payments pursuant to a payment schedule determined by the Xxxxxxxx Trust. In the event CRMC no longer makes settlement payments on behalf of the Xxxxxxxx Trust, the CRMC will notify the Xxxxxxxx Trust or its designated payment agent promptly after the Law firm has accepted a claim settlement offer, and the CRMC will have no further responsibility for the payment of the claim.
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Payment of Settled Claims. MFR clients will make settlement payments on a regular and frequent basis subject to the terms and conditions set forth in the applicable TDP/CRP. MFR has no obligation to make any settlement payment until it has received the funds to do so from the relevant MFR Client, and will not be liable for any delay or failure to provide settlement funds. Payments will be made subject to the applicable Payment Percentage as determined by each MFR client. For each MFR client for which MFR does not make settlement payments, MFR will notify the MFR client or its designated payment agent promptly within standard practices in effect at that time for the applicable client and MFR will have no further responsibility for the payment of the claim.
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Payment of Settled Claims. CRMC will make settlement payments on behalf of the Manville Trust. CRMC has no obligation to make any settlement payment until it has received the funds to do so from the Manville Trust, and will not be liable for the Client’s delay or failure to provide settlement funds. Settlement payments may be at a pro rata share of the total settlement value of a claim, which share is determined by the Manville Trust on whose behalf CRMC resolves claims. CRMC will not make a settlement payment until at least 24 hours after the Law Firm has communicated acceptance of a settlement offer.
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Related to Payment of Settled Claims

  • 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.

  • Rollovers of Settlement Payments From Bankrupt Airlines If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court, you are allowed to roll over up to 90 percent of the proceeds to your Traditional IRA, within 180 days after receipt of such amount, or by a later date if extended by federal law. If you make such a rollover contribution, you may exclude the amount rolled over from your gross income in the taxable year in which the airline settlement payment was paid to you. If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, you are allowed to roll over any portion of the proceeds into your Xxxx XXX within 180 days after receipt of such amount, or by a later date if extended by federal law. For further detailed information and effective dates you may obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx.

  • Payments to Settlement Class Members (a) Defendant shall pay into the Escrow Account the amount of the Settlement Fund ($1,000,000.00), specified in Paragraph 1.33 of this Agreement, within sixty (60) days after Final Approval.

  • Rollovers of Exxon Xxxxxx Settlement Payments If you receive a qualified settlement payment from Exxon Xxxxxx litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to a Traditional or Xxxx XXX or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the rollover contribution. To obtain more information on this type of rollover, you may wish to visit the IRS website at xxx.xxx.xxx.

  • Notice to Settlement Class Members 5.1 The Parties agree that the following Notice Program provides reasonable notice to the Settlement Class.

  • Certification of Settlement Class Promptly after execution of the Settlement Agreement, Class Counsel will ask the Court to issue an order certifying the Settlement Class for settlement purposes only. Xxxxx agrees not to object to this request without waiver of its right to contest certification or the merits of the Lawsuit if the settlement does not receive final approval or the Effective Date (defined in paragraph 14 below) does not occur.

  • THE SETTLEMENT BENEFITS What You Get

  • Enforcement of Settlement Agreement 11.1 Any party may file suit before the Superior Court of the County of Los Angeles, consistent with the terms and conditions set forth in paragraphs 11.2 and

  • DISPUTES SETTLEMENT (1) Should any dispute arise as to the operation of this agreement and the parties are unable to resolve that dispute by amicable negotiation the parties shall refer such dispute to the Industrial Relations Commission for -

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