Post-Settlement Date Revisions to Settlement Statement Sample Clauses

Post-Settlement Date Revisions to Settlement Statement. Within 60 calendar days after the Second Settlement Date (or Subsequent Settlement Date, if applicable), if HUD or Purchaser determine that any one or more of the amounts set forth on any Settlement Statement was computed incorrectly, the Party making such determination will, within such 60 calendar day period, provide the other Parties hereto with a written notice identifying the error (such notice a ―Proposed Adjustment Notice‖). The Proposed Adjustment Notice must identify the affected Mortgage Loans and include a reasonably detailed description of any purported error on the Settlement Statement. If HUD determines that an adjustment is required, within five (5) Business Days of receipt of the Proposed Adjustment Notice HUD will either remit any net overpayment to Purchaser or Purchaser will remit any net underpayment to HUD, as applicable, in either case without interest. HUD will also revise Schedule I or Supplement No. 1 (or Supplement No. 2) to Schedule I (as applicable) to reflect such adjustments.
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Related to Post-Settlement Date Revisions to Settlement Statement

  • Objections to Settlement 7.7.1 Only Participating Class Members may object to the class action components of the Settlement and/or this Agreement, including contesting the fairness of the Settlement, and/or amounts requested for the Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment and/or Class Representative Service Payment.

  • 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.

  • THE SETTLEMENT BENEFITS What You Get

  • Gross Settlement Amount Except as otherwise provided by Paragraph 8 below, Defendant promises to pay $290,000.00 and no more as the Gross Settlement Amount and to separately pay any and all employer payroll taxes owed on the Wage Portions of the Individual Class Payments. Defendant has no obligation to pay the Gross Settlement Amount (or any payroll taxes) prior to the deadline stated in Paragraph 4.3 of this Agreement. The Administrator will disburse the entire Gross Settlement Amount without asking or requiring Participating Class Members or Aggrieved Employees to submit any claim as a condition of payment. None of the Gross Settlement Amount will revert to Defendant.

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

  • Monetary Settlement Terms 3.1 Civil Penalty Payment

  • Funding of Gross Settlement Amount Defendant shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant’s share of payroll taxes by transmitting the funds to the Administrator no later than 14 days after the Effective Date.

  • EFFECTIVE DATE OF SETTLEMENT 38. The Effective Date of this Settlement shall be the first business day on which all of the following shall have occurred or been waived:

  • 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.

  • Loss Settlement Covered property losses are settled as follows:

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