Payment of Settlement. In addition, and in consideration for this --------------------- Agreement, the Company agrees to pay Korn separation benefits consisting of cash compensation of $ 103,125, payable 10% on December 1, 2000, 40% on January 1, 2001, 35% on February 1, 2001 and 15% on May 1, 2001. The Company will also pay additional compensation consisting of Common Stock of XxxxxxxXxxxxxxx.xxx (NASDAQ, POSO) equaling $ 75,000 worth of stock issued on the date this agreement is executed. The Company agrees to pay all taxes resulting from the issuance of the securities. The issuance of the Stock is subject to a resolution from the Board of Directors of the Company authorizing the issuance of shares of stock as part of this settlement.
Payment of Settlement. The Company shall pay or deliver, as the case may be, the Settlement Amount on the third Business Day immediately following the relevant Conversion Date, if the Company elects Physical Settlement, or on the third Business Day immediately following the last Trading Day of the relevant Observation Period, in the case of any other Settlement Method. If any shares of Common Stock are due upon conversion, the Company shall issue or cause to be issued, the number of whole shares of Common Stock issuable upon conversion (and deliver payment of cash in lieu of fractional shares as set out in Section 12(h)) and, to the extent applicable, any cash, securities or other property issuable thereon. Such delivery of shares of Common Stock, securities or other property shall be made, at the option of the Company, in certificated form or by book-entry. Any such certificate or certificates shall be delivered by the Company to the appropriate Holder on a book-entry basis or by mailing certificates evidencing the shares to the Holders at their respective addresses as set forth in the Conversion Notice. If a Holder shall not by written notice designate the name in which shares of Common Stock (and payments of cash in lieu of fractional shares) and, to the extent applicable, cash, securities or other property to be delivered upon conversion of shares of Series A Preferred Stock should be registered or paid, or the manner in which such shares, cash, securities or other property should be delivered, the Company shall be entitled to register and deliver such shares, securities or other property, and make such payment, in the name of the Holder and in the manner shown on the records of the Company.
Payment of Settlement. PROCESSOR will make payment to the Merchant’s designated Bank Account as set forth on the Application —Merchant Depository Bank Account Information ("Settlement Account") based on the transactions processed by PROCESSOR less:
i. the fees due PROCESSOR pursuant to the Schedule of Fees;
ii. any Refunds;
iii. any amount withheld for the Reserve; and iv. any Chargebacks and/or Deductions. Collectively, the "Settlement".
Payment of Settlement. Whether or not the indemnification provided herein is available, in respect of any threatened, pending or completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), the Company shall pay, in the first instance, the entire amount of any judgment or settlement of such action, suit or proceeding without requiring Indemnitee to contribute to such payment and the Company hereby waives and relinquishes any right of contribution it may have against Indemnitee. The Company shall not enter into any settlement of any action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding) unless such settlement provides for a full and final release of all claims asserted against Indemnitee.
Payment of Settlement. The Company shall pay or deliver, as the case may be, the Settlement Amount on the third Business Day immediately following the relevant Conversion Date or Redemption Date, if the Company elects Physical Settlement, or on the third Business Day immediately following the last Trading Day of the relevant Observation Period, in the case of any other Settlement Method. If any shares of Common Stock are due upon redemption, the Company shall issue or cause to be issued, the number of whole shares of Common Stock issuable upon redemption (and deliver payment of cash in lieu of fractional shares as set out in Section 12(h)) and, to the extent applicable, any cash, securities or other property issuable thereon. Such delivery of shares of Common Stock, securities or other property shall be made, at the option of the Company, in certificated form or by book-entry. Any such certificate or certificates shall be delivered by the Company to the appropriate Holder on a book-entry basis or by mailing certificates evidencing the shares to the Holders at their respective addresses as set forth in the Conversion Notice. If a Holder shall not by written notice designate the name in which shares of Common Stock (and payments of cash in lieu of fractional shares) and, to the extent applicable, cash, securities or other property to be delivered upon redemption of shares of Series A Preferred Stock should be registered or paid, or the manner in which such shares, cash, securities or other property should be delivered, the Company shall be entitled to register and deliver such shares, securities or other property, and make such payment, in the name of the Holder and in the manner shown on the records of the Company.
Payment of Settlement. 4.1 Subject to Clauses 3, 4 and 5, RM shall remit the Settlement to the Merchant on the Settlement time period (“Settlement Date”) less such Rebates as set forth in the Merchant Application Form or otherwise agreed by the Parties. For the avoidance of doubt, RM shall remit the Settlement less the agreed Rebates on the Settlement Date however RM makes no guarantee regarding the actual date of receipt of such Settlement by the Merchant. RM may together with each Settlement to the Merchant provide a report (“Settlement Report”) containing a breakdown of Settlement for the relevant Transactions undertaken.
4.2 In the event that the value of the Deductions exceed the value of all Customer Charges falling due for Settlement on the Settlement Date, the resulting shortfall may be held over by RM for deduction against the following Settlement when it shall be deducted from that Settlement together with any interest due. However, RM reserves the right at any time to require payment (including by directly debiting Merchant’s RewardMama wallet) of all or part of such shortfall as RM may determine.
4.3 RM will remit all net Settlements to the Merchant’s Designated Bank in Malaysia Ringgit (RM) by wire transfer or such other method preferred by RM.
4.4 RM may hold back from the Settlement any amounts reasonably required to cover potential or expected Refunds or Charge Back (if applicable).
4.5 With respect to each Settlement made, the Merchant shall reconcile its sales report against the Settlement Report (where the same is provided by RM) for the relevant Transactions. If the Merchant discovers any discrepancy in the Settlement by RM, the Merchant shall within three (3) ordinary days from the Settlement Date notify RM of such discrepancy together with the relevant supporting documents evidencing the discrepancy, failing which the Merchant waives its rights to raise any dispute and is deemed to have accepted the Settlement made by RM as correct. Where the Merchant notifies RM of a discrepancy within the timelines stated herein, the Parties shall resolve the discrepancies in good faith as soon as practicable.
4.6 Should there is any dispute in relation to the Settlement or any payment between the Parties, RM shall only remit the undisputed amount or part thereof to the Merchant prior to the resolution of such dispute.
4.7 Both Parties shall bear their own cost of any obligation imposed upon them under the applicable law with respect to any taxes or similar items in conne...
Payment of Settlement. 3.01 Subject to all of the terms and conditions contained in this Agreement, the ACE Companies agree that they shall deliver a check in the amount of One Million Two Hundred and Fifty Thousand Dollars ($1,250,000.00) (the “Settlement Payment”) to Patriot, in full and final settlement and satisfaction of any and all past, present and future Claims and liability under the Policies in connection with, arising out of, or relating in any way to the Xxxxx County Insurance Coverage Action, and any and all past, present and future Claims arising out of the Xxxxx County Well Water Litigation (“the Released Claims”). The Settlement Payment shall be made payable to Patriot Coal Corporation, and delivered to Patriot at the address below within five (5) days of the date on which the ACE Companies receive notice that the Approval Order has become final and unappealable. Patriot Coal Corporation 00000 Xxxxx Xxxxxxxxx, Xxxxx 000 Xx. Xxxxx, XX 00000
3.02 Payment of the Settlement Payment, and all other obligations set forth in this Agreement, are contingent upon the Approval Order becoming final and unappealable.
3.03 Upon payment of the Settlement Payment, the ACE Companies shall have no further obligation to Patriot or any other person with respect to the Released Claims.
Payment of Settlement. EIRTH will make payment to the Merchant’s designated Bank Account as set forth on the Application — Merchant Depository Bank Account Information ("Settlement Account") based on the t ransactions processed by EIRTH less:
i. the fees due EIRTH pursuant to the Schedule of Fees; ii. any Refunds; iii. any amount withheld for the Reserve; and iv. any Deductions. Collectively, the "Settlement".
Payment of Settlement. No later than April 10, 2021, Youngevity shall make a $195,000.00 payment to Mangless (the “Initial Payment”). In addition, beginning on May 1, 2021, and on the first day of every month thereafter through and including January 1, 2022, Youngevity will pay Mangless $101,668.35. Those payments will be applied to principal and interest in accordance with the amortization schedule attached as Exhibit A. Youngevity shall deliver all payments by wire transfer to Mangless at the following account: [ ]
Payment of Settlement. Subject to Clauses 4 and 5, Ecode shall remit the Settlement to the Merchant:
