Payment to Citizens. Centerline shall pay Citizens the total sum of $950,000 in respect of Citizens’ CRA Shares (the “Settlement Amount”). Centerline shall also pay Citizens’ attorneys’ fees with respect to the Arbitration in the total sum of $227,500 and the nonrefundable portion of Citizens’ arbitration costs in the total sum of $6,150 (together, the “Fees and Costs”). Payment of the Settlement Amount and the Fees and Costs in the total sum of $1,183,650 shall be made on or before December 27, 2012 via wire transfer of immediately available funds pursuant to the following instructions: Bank: ABA #: Account Name: Client Trust Account #:
Appears in 4 contracts
Samples: Waiver and Other Agreements (Centerline Holding Co), Settlement Agreement (Centerline Holding Co), Waiver and Other Agreements (Centerline Holding Co)
