Payments for the Action Fund Sample Clauses

Payments for the Action Fund. Tyco shall make payments for the Action Fund in multiple installments over time, as set forth in the Payment Schedule in Exhibit H. The total amount of all payments described in this Paragraph will be $750,000,000. Within five (5) Business Days after each payment described in the Payment Schedule in Exhibit H, the Escrow Agent shall transfer seven percent (7%) of the payment amount into the Supplemental Fund and five percent (5%) of the payment amount into the Special Needs Fund. EXHIBIT H EXHIBIT H Payment Schedule Tyco’s payment of the Settlement Amount totaling $750,000,000 shall be made in accordance with the Settlement Agreement and with the schedule laid out herein. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Settlement Agreement. Payment Designation Earliest Possible Payment Date Amount First Payment May 28, 2024 $250,000,000 (plus, if applicable, Insurance Payment(s) as described below) Interim Payment(s), if any, as described below Last Payment October 15, 2024 $500,000,000 (with adjustments as described below based on Interim Payment(s) (if any)) Definitions
Sample 1
AutoNDA by SimpleDocs
Payments for the Action Fund. Tyco shall make payments for the Action Fund in multiple installments over time, as set forth in the Payment Schedule in Exhibit H. The total amount of all payments described in this Paragraph will be $750,000,000. Within five (5) Business Days after each payment described in the Payment Schedule in Exhibit H, the Escrow Agent shall transfer seven percent (7%) of the payment amount into the Supplemental Fund and five percent (5%) of the payment amount into the Special Needs Fund. EXHIBIT B Aqueous Film-Forming Foam (AFFF) Products Liability Litigation (MDL 2873) Public Water System Settlement Claims Form CLAIM SUBMISSION DEADLINE: 60 DAYS AFTER THE EFFECTIVE DATE INSTRUCTIONS All capitalized terms not otherwise de𝑓inedherein shall have the meanings set forth in the Settlement Agreement, available for review at xxx.XXXXXxxxxXxxxxxxxxx.xxx
Sample 1

Related to Payments for the Action Fund

  • Denominations: Provisions for Payment The Securities shall be issuable as registered Securities and in the denominations of one thousand U.S. dollars ($1,000) or any integral multiple thereof, subject to Section 2.01(a)(13). The Securities of a particular series shall bear interest payable on the dates and at the rate specified with respect to that series. Subject to Section 2.01(a)(23), the principal of and the interest on the Securities of any series, as well as any premium thereon in case of redemption or repurchase thereof prior to maturity, and any cash amount due upon conversion or exchange thereof, shall be payable in the coin or currency of the United States of America that at the time is legal tender for public and private debt, at the office or agency of the Company maintained for that purpose. Each Security shall be dated the date of its authentication. Interest on the Securities shall be computed on the basis of a 360-day year composed of twelve 30-day months. The interest installment on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date for Securities of that series shall be paid to the Person in whose name said Security (or one or more Predecessor Securities) is registered at the close of business on the regular record date for such interest installment. In the event that any Security of a particular series or portion thereof is called for redemption and the redemption date is subsequent to a regular record date with respect to any Interest Payment Date and prior to such Interest Payment Date, interest on such Security will be paid upon presentation and surrender of such Security as provided in Section 3.03. Any interest on any Security that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date for Securities of the same series (herein called “Defaulted Interest”) shall forthwith cease to be payable to the registered holder on the relevant regular record date by virtue of having been such holder; and such Defaulted Interest shall be paid by the Company, at its election, as provided in clause (1) or clause (2) below:

  • Application of Insufficient Payments If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties.

Time is Money Join Law Insider Premium to draft better contracts faster.