Timing of Funding. At the later of: (i) thirty (30) calendar days after the Effective Date or (ii) within ten days of the start of classes for the term for which you are requesting funding, and contingent on the Student, the Student’s institution, and College Possible having provided all requested certifications, Xxxxxx will pay to the Institution the Funding set forth on the first page of this Agreement.
Timing of Funding. The net deficit position from any Founding Agency may be paid in a lump sum by the Operational Commencement Date, or a Founding Agency may elect to pay according to a payment plan with terms mutually acceptable to the Founding Agencies who are owed amounts.
Timing of Funding. Individual Settlements will be funded pursuant to, and in the order of, the following steps:
10.4.1 By April 2, 2018, all Eligible Claimants that elect to participate must have uploaded to the Claims Administrator’s electronic portal (1) a Claim Election Form, (2) the documents required by Sections 4.1 and 8, and (3) all health insurance provider information and HIPAA/Proof of Representation Releases (as applicable) for purposes of lien resolution pursuant to Section 7. By May 1, 2018, Plaintiffs’ Counsel will provide to Xxxxxx Medical a 95% Acceptance Report.
10.4.2 By May 31, 2018, Xxxxxx Medical will either (1) confirm that the 95% Acceptance Requirement has been met or waive the 95% Acceptance Requirement, in which case funding will proceed pursuant to the steps below, or (2) terminate the entire Settlement Agreement as provided in Section 5.
10.4.3 The following is the schedule under which funding will be available from Xxxxxx Medical for payment of Individual Settlements, provided that all requirements and prerequisites to payment under this Third Settlement Agreement have been satisfied:
(a) $45,000,000.00 by June 30, 2018; and
(b) $31,750,000.00 by September 30, 2019
10.4.4 Payment of Individual Settlements will be made on a rolling basis based on the available funding schedule in Section 10.4.
Timing of Funding. At the later of: (i) thirty (30) calendar days after the Effective Date or (ii) within ten days of the start of classes for the term for which you are requesting funding, and, for students currently enrolled in school, contingent on the Student and the Student's institution having provided all requested certifications, and for a Student who is not a U.S. Citizen or Permanent Resident, demonstration to the Funder's satisfaction of Student's ability to work legally in the United States, Funder will pay to the Institution (or other parties, where funds under this Agreement are used to cancel or pay off one or more education finance obligations on behalf of the Student) the Funding set forth on the first page of this Agreement.
Timing of Funding. Individual Settlements will be funded pursuant to, and in the order of, the following steps:
10.8.1 By January 31, 2017, all Eligible Claimants that elect to participate must have uploaded to the Claims Administrator’s electronic portal (1) a Claim Election Form, (2) the documents required by Sections 4.1 and 8, and (3) all health insurance provider information and HIPAA/Proof of Representation Releases (as applicable) for purposes of lien resolution pursuant to Section 7. By February 3, 2017, Plaintiffs’ Counsel will provide to Xxxxxx Medical a 95% Acceptance Report. By February 6, 2017, Plaintiff’s Counsel will provide to Xxxxxx Medical a first Funding Request Report,
10.8.2 By March 3, 2017, Xxxxxx Medical will either 1) confirm that the 95% Acceptance Requirement has been met or waive the 95% Acceptance Requirement, in which case funding will proceed pursuant to the steps below, or 2) terminate the entire Settlement Agreement as provided in Section 5.
10.8.3 By March 10, 2017, Xxxxxx Medical will instruct the Escrow Agent to transfer from the Escrow Settlement Account into a QSFA designated by Plaintiffs’ Counsel or the Common Benefit Fund Accounts, as applicable, the sum total of all Payment Item amounts listed in the first Funding Request Report, minus any removed Payment Items.
10.8.4 By March 24, 2017, the Claims Administrator, through the electronic portal, will notify counsel for Eligible Claimants of the amount of each Eligible Claimant’s Individual Settlement, in accordance with the first Payment Report, including amounts paid as Common Benefit Assessments, and amounts withheld for final lien resolutions and/or appropriate full lien holdback amounts for all liens. Thereafter, on a rolling basis, the Claims Administrator will notify counsel for Eligible Claimants of the funding of Individual Settlements as subsequent Payment Reports are issued.
10.8.5 On March 31, 2017, the Claims Administrator will issue payments of Individual Settlements to Eligible Claimants’ counsel in accordance with the first Payment Report. For all subsequent Payment Reports, the Claims Administrator will issue payments of individual settlements to Eligible Claimants’ counsel on the 15th day of each month in accordance with the applicable Payment Report; provided, however, that if the 15th day of a given month is a Saturday, Sunday or Monday, the disbursement will be the following Tuesday.
10.8.6 On or before May 1, 2017, those Eligible Claimants who elected to participat...
Timing of Funding. Upon execution of this Agreement, the Foundation agrees to advance the Funding to the Recipient in instalments according to the payment schedule set out in, and conditional upon the Recipient meeting, the Milestones. The Foundation shall determine whether the Recipient has reached each of the Milestones in the Foundation’s sole discretion, which shall be final and binding on the parties hereto. The Foundation shall determine whether instalments are to he made to the Recipient or directly to Recipient’s payables that have been approved for payment by the Recipient. The Recipient hereby authorizes and directs the Foundation to pay the instalments of the Funding, or any portion thereof, to:
(a) the Recipients;
(b) directly to any one of the Recipient’s payables that have been approved for payment by the Recipient or
(c) directly to any third party that has been approved for payment by the Recipient; and the Recipient acknowledges and agrees that the Recipient will receive consideration for the Recipient’s promise to repay the Funding by such above payment.
Timing of Funding. Individual Settlements will be funded pursuant to, and in the order of, the following steps:
