finality definition

finality means the confirmation explicitly or implicitly, that a payment or settlement is irreversible and irrevocable;

finality or ‘final’ shall mean that the settlement of a payment order cannot be revoked, reversed or made void by the sending NCB/ECB, by the sending participant or by any third party, or even in the event of insolvency proceedings against a participant, except in cases of imperfections in the underlying transaction(s) or payment order(s) arising from criminal offences or fraudulent acts (whereby fraudulent acts shall also include preferences and transac- tions at under-value during suspect periods in the case of insolvency) provided that such has been decided on a case-by-case basis by a court of competent jurisdiction or another competent dispute resolution body, or arising from error,

finality means: (i) the Court’s entry of both a Final Approval Order and Final Judgment Order; and (ii) either (a) no Party or other person has initiated a timely appeal or otherwise sought review of the Final Approval Order or Final Judgment Order, or (b) if the Final Approval Order or Final Judgment Order entered by the Court with respect to the Settlement are appealed to any Appellate Courts, the Final Approval Order and Final Judgment Order have been affirmed in their entirety by the Appellate Courts to which such appeal has been taken and such affirmance is no longer subject to further appeal or review.

Examples of finality in a sentence

• Promptly following the occurrence of State-Specific Finality in any Settling State, such Settling State and the Original Participating Manufacturers shall notify the Independent Auditor of such occurrence.

• The payments to be made by each of the Original Participating Manufacturers pursuant to this subsection (b) shall be subject to no adjustments, reductions, or offsets, and shall be paid to the Escrow Agent (to be credited to the Subsection VI(b) Account), who shall disburse such payments to the Foundation only upon the occurrence of State-Specific Finality in at least one Settling State.

• The Independent Auditor shall promptly thereafter notify each Notice Party of the occurrence of State-Specific Finality in at least one Settling State and of the amounts held in the Subsection VI(b) Account, Subsection VI(c) Account (First), and Subsection VIII(c) Account (as such Accounts are defined in the Escrow Agreement), if any.

• If neither the Settling State in question nor any Participating Manufacturer disputes such amounts or the occurrence of such State-Specific Finality by notice delivered to each other Notice Party not later than 10 Business Days after delivery by the Independent Auditor of the notice described in the preceding sentence, the Independent Auditor shall promptly instruct the Escrow Agent to make such transfer.

• Each Settling State shall use its best efforts to cause State-Specific Finality to occur as to such Settling State.

More Definitions of finality

finality means: with respect to any judicial ruling or order in the Action, that the period for any appeals, petitions, motions for reconsideration, rehearing or certiorari or any other proceeding for review (“Review Proceeding”) has expired without the initiation of a Review Proceeding, or, if a Review Proceeding has been timely initiated, that there has occurred a full and final disposition of any such Review Proceeding, including the exhaustion of proceedings in any remand and/or subsequent appeal on remand.

finality means that a settlement or transfer is unconditional, enforceable and irrevocable;

finality or ‘final’ shall mean that the settlement of a payment order cannot be revoked, reversed or made void by the sending NCB/ECB, by the sending participant or by any third party, or even in the event of insolvency proceed- ings against a participant, except in cases of imperfections

finality means the state of an instruction having become irrevocable;

finality. It is the agreement of Buyer and Sellers that adjustments to the Purchase Price, pursuant to the provisions regarding "Finality" shall be such that the value received by Sellers from Buyer, after the conversion by the Sellers of the Class A special convertible shares of Pacific TelCom [Canada] Inc. into common shares of Pacific TelCom, Inc., shall be an amount equal to Eleven Million Two Hundred Fifty Thousand Dollars ($11,250,000) as the aggregate value of common shares of Pacific TelCom, Inc., after the net affect of, or pursuant to, an adjustment to the purchase price hereto.

finality means the confirmation explicit irreversible and irrevocable;

finality means that the settlement is unconditional and irrevocable ‘real-time’ means that payment orders are continuously executed, while