Settlement Date Payments Clause Samples
The Settlement Date Payments clause defines the obligations of parties to make payments on a specified date, typically following the completion of a transaction or fulfillment of certain conditions. In practice, this clause outlines when and how funds must be transferred, such as requiring payment within a set number of business days after closing or upon delivery of goods. Its core function is to ensure timely and predictable financial exchanges between parties, reducing uncertainty and minimizing disputes over payment timing.
Settlement Date Payments. 17 SECTION 5.1.1. Purchase Discount.........................................17 SECTION 5.1.2. Purchase Premium..........................................17 SECTION 5.1.3. Operating Expense Fee.....................................18 SECTION 5.1.4. Collection Agent Fee......................................18 SECTION 5.1.5. Unused Facility Fee.......................................18 SECTION 5.1.6. Administration Fee........................................18 SECTION 5.2. Structuring Fee...............................................18 SECTION 5.3. Legal Fees and Expenses.......................................18 SECTION 5.4.
Settlement Date Payments. On a date (the "Settlement Date") within 5 days after the acceptance by Buyer of the Closing Date Value Calculation Schedule (whether expressly or by operation of Section 2.04(c)) or the resolution of any dispute pursuant to Section 2.04(d), or such later date as the parties may agree, the following actions shall be taken:
(a) If the Purchase Price Adjustment is a positive number, Sellers will pay Buyer an amount equal to the Purchase Price Adjustment. If the Purchase Price Adjustment is a negative number, Buyer will pay Sellers an amount equal to the absolute value of the Purchase Price Adjustment.
(b) Each party shall take such other actions, and shall execute and deliver such other instruments or documents, as shall be required in connection with the determination and payment of the Final Purchase Price.
Settlement Date Payments. On a date (the "Settlement Date") within 5 days after the acceptance by Buyer of the Closing Date Value Calculation Schedule (whether expressly or by operation of Section 2.03(c)) or the resolution of any dispute pursuant to Section 2.03(d), or such later date as the parties may agree, the following actions shall be taken:
Settlement Date Payments. On each Settlement Date, the ------------------------ Collection Agent will distribute to the Purchaser from its Ownership Interest in Collections the following, in accordance with Section 7.2.2:
Settlement Date Payments. The Administrative Agent will notify the Seller and the Collection Agent on the last Business Day of each calendar month of the Purchase Discount, Purchase Premium, Operating Expense Fee, the Unused Facility Fee, the Administration Fee and Collection Agent Fee. On each Settlement Date, the Seller will pay to the Purchaser the following, in accordance with Section 7.2.2.
Settlement Date Payments. On the Settlement Date, the Agent and the Lenders shall each remit to the other, in immediately available funds, all amounts necessary so as to ensure that, as of the Settlement Date, the Lenders shall have their proportionate share of all outstanding Obligations.
Settlement Date Payments. On each Settlement Date, the Seller will pay to the Administrative Agent, for the account of the Bank Purchasers, the following, in accordance with, and in the manner provided in, Section 7.2.2:
Settlement Date Payments. On the Settlement Date, the Purchaser shall pay to the Seller an amount equal to [***] percent ([***]%) of the aggregate Purchase Price applicable to the Servicing Rights based on the Preliminary Settlement Report, minus the Estimated Exclusion Amount.