THE SETTLEMENT PAYMENT. How much is the Settlement?
THE SETTLEMENT PAYMENT. How much is the Settlement and how much will I be paid?
THE SETTLEMENT PAYMENT. In consideration of the agreements made by the Company under this Settlement Agreement, BCP V shall pay, or cause to be paid, to the Company, in accordance with the Limited Guarantee, an aggregate amount of $50 million (collectively, the “Payment”) no later than January 4, 2008 (the “Payment Date”) in the form of bank-wired funds, sent as follows: JX Xxxxxx Cxxxx NY Account name—PHH Corporation ABA # Account #
THE SETTLEMENT PAYMENT. After discharging all legal and other service provider fees and expenses (including, but not limited to, the cost and expense of documenting and implementing this Agreement and the AA Liquidation), AA shall pay to the Trustee the balance of funds available to it (the "Settlement Payment"), an amount expected to be approximately $3 million. AA shall make the Settlement Payment in the following two installments: (1) on the Closing Date, AA shall pay the Trustee ninety percent (90%) of the expected Settlement Payment, and (2) upon the conclusion of AA Liquidation (at which time AA expects that it will incur no further costs or expenses and at which time the precise amount of the Settlement Payment will be known), AA (through its Liquidator) shall pay the Trustee such additional amount as necessary to satisfy the Settlement Payment in full (the "Final Settlement Payment"). The AA Liquidation, and accordingly the payment of the Final Settlement Payment, are expected to occur within six months of the Closing Date, but there is no certainty in that estimate. The foregoing amounts shall be wire-transferred to the Trustee as follows: Account Name: Xxxxxx X. Xxxxxx, Trustee for the Liquidation of Xxxxxxx X. Madoff Investment Securities LLC
THE SETTLEMENT PAYMENT. The maximum amount that Defendants will pay pursuant to terms set forth in this Agreement is Seven Million Five Hundred Thousand Dollars ($7,500,000.00, the “Settlement Payment”).
A. No later than thirty (30) business days after the Court enters the Approval Order, Defendants shall transfer one half of the Settlement Payment (i.e., $3,750,000.00) to the Collective Settlement Fund.
B. No later than forty (40) days following the Bar Date, Defendants shall transfer the remainder of the Settlement Payment to the Collective Settlement Fund, less the portions corresponding to (i) any Settlement Collective Member who submits a valid Exclusion Request (including such Settlement Collective Member’s pro rata share of attorneys’ fees); and
THE SETTLEMENT PAYMENT. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $5,500,000.00. As discussed separately below, any court-awarded Service Awards, Attorneys’ Fees and Costs Payment, and Settlement Administration Costs will be paid out of the Settlement Fund.
THE SETTLEMENT PAYMENT. As consideration for this settlement, Fortified and Sxxxxxx have agreed to jointly accept $100,000.00 in cash to be divided among them as they deem fit (the “Settlement Payment”). On the Effective Date—after Rxxxxxx Vxxxx has received the Lost Note Affidavit—Curative shall pay the Settlement Payment by wire to the Mxxx Xxxxxx & Hxxxxx Trust Account c/x Xxxxx Xxxx, Esq., 80 X.X. 0xx Xxxxxx, Xxxxx 0000, Xxxxx, Xxxxxxx 00000 (“Mxxx Xxxxxx”).
THE SETTLEMENT PAYMENT. (a) In full and final settlement of the claims asserted by Plaintiff Xxxxxxxxx and the Settlement Class in both the Xxxxxxx Action and the Xxxxxxxxx Action against Cigna and in consideration of the releases specified in ¶6 herein, Cigna agrees to pay the Total Settlement Amount, by paying the Settlement Amount as set forth in ¶2.3.
THE SETTLEMENT PAYMENT. On or prior to the fifth (5th) business day after the Release Effective Date, Web shall pay Debtor the sum of five hundred thousand dollars ($500,000) (the “Settlement Payment”). Such payment shall be made by wire transfer of funds to Debtor’s account in accordance with the following wire transfer instructions or such other wire transfer instructions as may be provided by Debtor to Steel Partners in writing: Bank: PNC Bank, Pittsburgh, PA ABA No.: Beneficiary Name: Reunion Industries, Inc. Beneficiary Account No.:
THE SETTLEMENT PAYMENT
