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.
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First Settlement Payment means the sum of fifty thousand
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First Settlement Payment means the sum of the First DST Settlement Payment; the First Goldfarb Settlement Payment; and the First RCG Settlement Payment.
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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.

  • Defendant shall transmit to the Financial Institution a check in the amount of the First Settlement Payment within fifteen (15) business days from the later of: (a) entry of the Preliminary Approval Order by the Court; or (b) receipt from Class Counsel of the information needed to issue the Total Settlement Payment (identity and address of the payee, W-9 form and taxpayer identification number).

  • In addition to the Cash Payment, as good and valuable consideration, the sufficiency of which is hereby acknowledged, Defendants agree to waive and release any Defendants’ Claims they hold against all Participating Class Members as advanced in their proposed Cross-Complaint effective on the date of mailing of the First Settlement Payment.

  • The Settlement Administrator shall allocate the Unclaimed Amounts among the members of the Settlement Class who accepted the First Settlement Payment and Later Identified Members who accepted their payment (collectively, “Accepting Members”).

  • 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.

  • Within 180 days of the First Settlement Payment, the Administrator shall provide a declaration to counsel for all Parties for filing with the Court, detailing the number and total dollar amount of settlement checks sent and cashed, the number of Later Identified Members and those who declined to accept the settlement, and the number and total amount of payments sent to Later Identified Members and those cashed.

  • The Second Settlement Payment shall be made by check sent via First Class U.S. Mail to the same address as the Initial Payment, or such updated address provided by the Participating Class Member, 60 days after the last outstanding check from the First Settlement Payment or any subsequent payment to a Later Identified Member, is voided or cashed.


More Definitions of First Settlement Payment

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.
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Related to First Settlement Payment

  • First Settlement Date means the date set forth in footnote 3 under "Summary of Essential Financial Information" in the Prospectus Part I for a Trust.

  • 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;

  • 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.

  • Retail Settlement Code means the code approved by the Board and in effect at the relevant time, which, among other things, establishes a distributor’s obligations and responsibilities associated with financial settlement among retailers and customers and provides for tracking and facilitating customer transfers among competitive retailers;

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • 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.

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.

  • 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.

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

  • Settlement Price Date means the Valuation Date. "Valuation Date" means the Redemption Valuation Date.

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