First Settlement Payment definition

First Settlement Payment means that One Hundred Thousand Dollar ($100,000.00) portion of the Total Settlement Payment to be paid by Defendant to the Qualified Settlement Fund in the manner set forth in Section 10.1.
Sample 1Sample 2Sample 3
First Settlement Payment means the payment by the Borrower to the HMI Escrow Agent of $3,200,000 in cash in all respects pursuant to and in accordance with the Restated Stipulation of Partial Settlement.
Sample 1
First Settlement Payment means the sum of fifty thousand
Sample 1

Examples of First Settlement Payment in a sentence

  • This First Settlement Payment shall be used by Class Counsel to pay for settlement administration and notice costs.

  • GT Hong Kong paid the First Settlement Payment to TXT on or about September 2, 2014.

  • In the early 1970s shipbuilding was developed as one of the core export industries and received stronger support from the state than before.

  • Stated otherwise, the subregulatory guidance is illegal, hence Chevron deference is moot, except that what makes it illegal is Chevron deference.

  • At present, $365 million of the $370 million First Settlement Payment is being held in a trust account by counsel for Mayer Brown’s insurers, until the appeals period on the Partial Final Judgment has concluded.

  • Dr. Kwok claims that Ms. Conway confirmed this during questioning.

  • No later than five (5) business days after the entry of the Preliminary Approval Order, Class Counsel shall: (a) establish at a Financial Institution through the Settlement Administrator, an account (the “Escrow Account”) for the purpose of holding the Total Settlement Payment; and (b) provide notice to Defendant of the information needed to deposit the First Settlement Payment and Second Settlement Payment into the Escrow Account.

  • The First Settlement Payment and the Second Settlement Payment will be made by Borrower to Investor via wire transfer of immediately available funds.

  • Pursuant to the Court-approved settlement, the Receiver will obtain $390 million, beginning with a First Settlement Payment of $370 million, and with interest on part of the deferred payments of the balance, over a period of four years (“Settlement Amount”).

  • One June 20, 2015, GT Hong Kong commenced an adversary proceeding against TXT seeking to avoid and recover from TXT a preferential transfer in the amount of $7 million made on or about September 2, 2014 (i.e., the First Settlement Payment).


More Definitions of First Settlement Payment

First Settlement Payment means the sum of the First DST Settlement Payment; the First Goldfarb Settlement Payment; and the First RCG Settlement Payment.
Sample 1

Related to First Settlement Payment

  • 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.

  • Net Settlement Fund means the Settlement Fund less: (i) any Taxes;

  • TARGET Settlement Day means any day on which TARGET2 is open for the settlement of payments in euro;

  • 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 the sum of thirty-nine million eight- hundred thousand dollars ($39,800,000), contributed to the Qualified Settlement Fund in accordance with Article 5. The Gross Settlement Amount shall be the full and sole monetary payment, whether to the Class, Plaintiffs, Class Counsel, or otherwise, made by or on behalf of Reliance Trust Company in connection with the Settlement effectuated through this Settlement Agreement.

  • 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:

  • Standard Settlement Period means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

  • 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.

  • Viatical settlement broker means a person, including a life insurance producer as provided for in section 508E.3, who, working exclusively on behalf of a viator and for a fee, commission, or other valuable consideration, offers or attempts to negotiate viatical settlement contracts between a viator and one or more viatical settlement providers or one or more viatical settlement brokers. Notwithstanding the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator, and not the insurer or the viatical settlement provider, and owes a fiduciary duty to the viator to act according to the viator’s instructions and in the best interest of the viator. “Viatical settlement broker” does not include an attorney, certified public accountant, or a financial planner accredited by a nationally recognized accreditation agency who is retained to represent the viator and whose compensation is not paid directly or indirectly by the viatical settlement provider or purchaser.

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