Payment of Settlement Proceeds Sample Clauses

Payment of Settlement Proceeds. Borrower shall direct the applicable Investor to pay Settlement Proceeds for the related Mortgage Loan to the Payoff Account on the applicable Settlement Date. To the extent that Settlement Proceeds received from the sale of any Mortgage Loan are less than the related Release Amount, Borrower shall pay the difference to Lender prior to or concurrently with the payment of the Settlement Proceeds and prior to the release of Lender’s security interest in the related Mortgage Loan. Lender reserves the right to refuse to accept or approve a Takeout Commitment from Investors, either initially, or on a go-forward basis, if Borrower is unable to direct such Investor to pay the Settlement Proceeds directly into the Payoff Account as provided in this Section 1.10, Borrower understanding that this provision is a material inducement to Lender agreeing to enter into the transactions contemplated by this Agreement.
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Payment of Settlement Proceeds. Defendants will pay the Administrator the Gross Settlement Amount within five (5) days following the Effective Date of Approval as set forth in Subsection 8.6.
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Payment of Settlement Proceeds. (a) Timing of Payments to the Plaintiff Class If no appeal is filed, the “Effective Date” for payment by Defendant will be ten (10) business days after expiration of the appeals period whether or not any objections to the settlement have been filed. If any appeal is filed, then the “Effective Date” shall be ten (10) business days after the final resolution of all such appeals (affirming the settlement).
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Payment of Settlement Proceeds. Within 180 days of the finalization of the Eligibility List, the Claims Administrator will deliver or mail a check to each Settlement Participant in the amount of his/her Settlement Award, as described in paragraph 8 above, less any amounts withheld for state, federal and/or local income and employment taxes.
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Payment of Settlement Proceeds. Not later than twenty (20) business days after the full execution of this Agreement, CRS shall deliver the settlement proceeds identified in paragraph 4 above payable to “Forsyth County” and delivered to Xxxx Xxxxxxxxxx, 000 Xxxx Xxxxxx, Cumming, Georgia 30040. Not later than twenty (20) business days after the signature of this Agreement, Auto-Owners shall deliver the settlement proceeds identified in paragraph 5 above by check to CRS Building Corporation c/o Xxxxx X. Xxx, 000 Xxxxxx Xxxxxx Xxxxx, Xxxxx 000-X, Xx. Xxxxxxxxxx, Xxxxxxx 00000.
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Payment of Settlement Proceeds. (a) As used in this Agreement, “Effective Date” means the date by which this settlement is finally approved as provided herein and the Court’s Final Judgment and Order of Dismissal with Prejudice (“Final Judgment” or “Judgment”) becomes final. For purposes of this Agreement, the Court’s Final Judgment “becomes final” upon the latter of (i) the date of final affirmance of an appeal of the Final Judgment; (ii) the expiration of the time for a petition for a writ of certiorari to review the Final Judgment; (iii) the date of final dismissal of any appeal from the Final Judgment or the final dismissal of any appeal or proceeding on certiorari to review the Final Judgment; or (iv) if no appeal is filed, the expiration date of the time for the filing or noticing of any appeal from the Court’s Final Judgment.
Sample 1
Payment of Settlement Proceeds. Any payment made pursuant to this Settlement Agreement shall be made to the registry of the Court; provided, that any such payments due to be made before Final Approval shall be paid into a special escrow account (the "Escrow Account"), to be held in escrow pending Final Approval pursuant to the terms of a mutually acceptable escrow agreement (the "Escrow Agreement"), and shall be disbursed only as provided by the terms of the Escrow Agreement. Upon Final Approval and pursuant to the terms of the Escrow Agreement, the amounts held in escrow pursuant to this paragraph 11 and the terms of the Escrow Agreement shall be transferred into the registry of the Court. Any funds held in the registry of the Court shall be disbursed only in accordance with the orders of the Court.
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Payment of Settlement Proceeds 
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Related to Payment of Settlement Proceeds

  • PAYMENT AND SETTLEMENT You shall deliver to the Manager on the date and at the place and time specified in the applicable AAU (or on such later date and at such place and time as may be specified by the Manager in a subsequent Wire) the funds specified in the applicable AAU, payable to the order of Xxxxxxx Xxxxx Xxxxxx Inc., for (i) an amount equal to the Offering Price plus (if not included in the Offering Price) accrued interest, amortization of original issue discount or dividends, if any, specified in the Prospectus or Offering Circular, less the applicable Selling Concession in respect of the Firm Securities to be purchased by you, (ii) an amount equal to the Offering Price plus (if not included in the Offering Price) accrued interest, amortization of original issue discount or dividends, if any, specified in the Prospectus or Offering Circular, less the applicable Selling Concession in respect of such of the Firm Securities to be purchased by you as shall have been retained by or released to you for direct sale as contemplated by Section 3.6 hereof or (iii) the amount set forth or indicated in the applicable AAU, as the Manager shall advise. You shall make similar payment as the Manager may direct for Additional Securities, if any, to be purchased by you on the date specified by the Manager for such payment. The Manager will make payment to the Issuer or Seller against delivery to the Manager for your account of the Securities to be purchased by you, and the Manager will deliver to you the Securities paid for by you which shall have been retained by or released to you for direct sale. If the Manager determines that transactions in the Securities are to be settled through the facilities of DTC or other clearinghouse facility, payment for and delivery of Securities purchased by you shall be made through such facilities, if you are a member, or, if you are not a member, settlement shall be made through your ordinary correspondent who is a member.

  • Payment of Amounts The Death Benefit payable on the death of the Owner, or after the death of the first Owner, or upon the death of the spouse who continues the Contract, will be distributed to the designated Beneficiary(s) as follows:

  • Settlement Payment If the resulting net amount is positive, it shall be payable by the Defaulting Party to the Non-Defaulting Party, and if it is negative, then the absolute value of such amount shall be payable by the Non-Defaulting Party to the Defaulting Party.

  • Payment on Settlement Date On contractual settlement date, the account of the Fund will be charged for all purchased Investments settling on that day, regardless of whether or not delivery is made. Likewise, on contractual settlement date, proceeds from the sale of Investments settling that day will be credited to the account of Fund, irrespective of delivery. Exceptions to contractual settlement on purchases and sales, that will continue to settle delivery versus payment, include real estate, venture capital, international trades, open-ended mutual funds, non standard depository settlements and in-kind trades.

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