Final Settlement Payment definition

Final Settlement Payment has the meaning set forth in Section 3.2(d).
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Final Settlement Payment shall equal the excess of (i) the Liabilities, over (ii) the Purchase Price, all as finally determined pursuant to this Section 3.2(d) and reflected on the Final Closing Statement. Interest at the Federal Funds Rate from the Closing Date to, but excluding, the Adjustment Date shall be included in the Final Settlement Payment.
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Final Settlement Payment shall be (i) paid on the Adjustment Date by Seller to Purchaser in the amount by which (A) the Assumed Deposits and the Accrued Expenses exceed (B) the Purchase Price and the Settlement Payment or (ii) paid on the Adjustment Date by Purchaser to Seller in the amount by which (A) the Purchase Price and the Settlement Payment exceed (B) the Assumed Deposits and Accrued Expenses, each as on the Final Closing Statement. In either case, interest on any amounts due and payable hereunder shall accrue at the Federal Funds Rate from the Closing Date to, but excluding, the Adjustment Date and shall be included in the Final Settlement Payment. The Final Closing Statement shall become final and binding on Purchaser and Seller on the earlier of (i) the date it is approved by Purchaser by written notice to Seller or (ii) at 5:00 p.m. on the tenth (10th) Business Day after it is delivered by Seller to Purchaser unless, within such ten (10) Business Day period, Purchaser gives written notice to Seller of its actual or potential disagreement with respect to any item included in such Final Closing Statement. Seller and Purchaser shall use their reasonable best efforts to resolve the disagreement or concern during the ten (10) day period following receipt by Seller of such notice. If the disagreement or concern is not resolved during such ten (10) day period, the dispute shall be referred to a Dispute Resolver, and such Final Closing Statement shall be modified, if required, by the Dispute Resolver and thereupon such Final Closing Statement shall become final and binding. Purchaser and Seller shall share equally the cost of any Dispute Resolver.
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Examples of Final Settlement Payment in a sentence

  • In such an Unexpected Market Closure Event, the Final Settlement Payment referenced in paragraph (c) below may be delayed to a Business Day later than the second Business Day following the termination of trading.

  • Final Settlement Payment shall be made by the Issuer to each Hedging Option Holder no later than 7 business days after the Expiration Date to the specified account of each relevant Hedging Option Holder as communicated by the relevant Hedging Option Holder.

  • The final settlement payment payable by the Issuer to a Hedging Option Holder in respect of each Hedging Option on the Expiration Date is the higher of (i) the Cash Settlement Amount and (ii) the Guaranteed Benefit (the Final Settlement Payment).

  • The adjusted Monthly Clean Coal Rates for the next Contract Year will be utilized to calculate the Initial Settlement Payment and Final Settlement Payment for each Contract Month in the next Contract Year as determined in section 6.2(c).

  • The Final Settlement Payment, therefore, creates a fund for the Phase VIII investors for whom sufficient jobs may not be created to support their right to the unconditional permanent residency application.

  • Preamble Merck Introduction MI EI Payments 4.2.1 MI EI Payments Cap Amount 4.2.2 MI Final Settlement Payment 4.3.1 MI Fixed Payment.

  • Upon receipt of the Final Settlement Payment as set forth in Section 3(b)(iii) above, subject to the approval of the District Court in the SEC Action, the Receiver shall be permitted to use funds from the Final Settlement Payment and the Vermont Settlement Funds to make the payments delineated in Sections 3(d)(i), 3(d)(v), 3(d)(vi), 3(d)(vii), and 3(d)(viii) below and to continue to make the payments delineated in Sections 3(d)(ii), 3(d)(iii) and 3(d)(iv) below.

  • The Final Settlement Payment shall be released by the Escrow Agent to the Tax Escrow Agent for the benefit of BCI at Closing.

  • If the Final Settlement Payment is greater than the Initial Settlement Payment for the fourth Contract Month preceding the Contract Month just ended, then Buyer shall pay Seller the difference.

  • The date the Final Settlement Payment is deposited with the Escrow Agent is referred to as the “Fundraising Date.” The Fundraising Period may be extended by an additional thirty (30) Business Days upon request of ITCP if, within the initial 60 Business Day period following the date of execution of this Settlement Agreement, ITCP pays or causes IPC Cayman to pay to BCI an additional nonrefundable deposit of One Hundred Twenty Five Thousand US Dollars (US$125,000) (the “Extension Cash Deposit Amount”).


More Definitions of Final Settlement Payment

Final Settlement Payment shall equal the excess of (i) the Liabilities, over (ii) the Purchase Price, all as finally determined pursuant to this Section 3.2(d) and reflected on the Final Closing Statement. Interest at the Federal Funds Rate from the Closing Date to, but excluding, the Adjustment Date shall be included in the Final Settlement Payment. (e) Within five (5) Business Days after the Final Closing Statement becomes final and binding pursuant to subsection (d) of this Section (the “Adjustment Date”): (i) if the Final Settlement Payment exceeds the Settlement Payment, Seller shall pay Purchaser the amount of such excess; (ii) if the Final Settlement Payment is less than the Settlement Payment, Purchaser shall pay Seller the amount of such deficiency; and (iii) if the Final Settlement Payment equals the Settlement Payment, then no further payment on returns shall be made. (f) All payments to be made hereunder by one party to the other shall be made by wire transfer of immediately available funds on or before 4:00 p.m. Eastern Time on the Adjustment Date to an account specified by the receiving party at least two (2) calendar days prior to the Adjustment Date. (g) If any instrument of transfer contemplated herein shall be recorded in any public record before the Closing and thereafter the Closing is not completed, then at the request of such transferring party the other party will deliver (or execute and deliver) such instruments and take such other action as such transferring party shall reasonably request to revoke or record such purported transfer. ARTICLE 4
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Final Settlement Payment. A settlement payment, if any, shall be due, for each issue approximately one-hundred (100) days after the off-sale date of such issue, which will include returns to ninety (90) days after the off-sale date.
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Final Settlement Payment means a payment made pursuant to Section 10.2(c).
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Related to Final Settlement Payment

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Final Settlement Date has the meaning set forth in Section 3.1(e).

  • Individual Settlement Payment means the amount payable from the Net

  • Final Settlement Statement has the meaning set forth in Section 2.6(b).

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Daily Settlement Price means the settlement price for a Swap calculated each Business Day by or on behalf of BSEF. The Daily Settlement Price can be expressed in currency, spread, yield or any other appropriate measure commonly used in swap markets.

  • Settlement Price means the agreed upon price at which to purchase and sell a specified type and quantity of a commodity.

  • Cash Settlement Averaging Period means, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity Date.

  • Net Share Settlement On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by Dealer and pay cash to Dealer in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date. Number of Shares to be Delivered: In respect of any Exercise Date, subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii)(A) the excess, if any, of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price, divided by (B) such VWAP Price. The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 4:00 P.M. (local time in New York City) on the relevant Settlement Date.