Initial Settlement definition

Initial Settlement means the settlement agreement entered into by the Initial Settling States and the Settling Defendants on March 15, 1996.

Initial Settlement means the sum of $10.00 (ten dollars) initially contributed by the Settlor to the Trustee to establish the Trust;

Initial Settlement means the sum of Rs. 10,000 (Rupees Ten Thousand only), being the initial sum irrevocably transferred and delivered by the Settlor to the Trustee towards the creation of the Corpus of the Trust5.

Examples of Initial Settlement in a sentence

• If the Secretary grants the ROWs, then on the day that all ROWs are granted and upon the Escrow Agent’s transfer of the Initial Settlement Payment to the Pueblo in accordance with Section 2(B)(i), the Department and the Pueblo shall irrevocably and forever release and discharge the County, former and current County employees, and former and current County elected officials from any and all claims of Trespass Damages.

• The County shall pay the Pueblo $1,750,000.00 (“Initial Settlement Payment”), which Initial Settlement Payment shall be deposited with the Escrow Agent in accordance with Section 2(C) below.

• The payment will be based on data in the Initial Settlement Statement.

• 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).

• To the extent that the Receiver uses any portion of the Vermont Settlement Funds to pay contractor claims or expenses pursuant to Section 3(d)(iii) below, upon receipt of the Initial Settlement Payment, the Receiver shall promptly replenish the Vermont Settlement Funds with the amount so used by the Receiver.

• The Seller’s obligation to deliver the Initial Number of Shares to the Purchaser on the Initial Settlement Date is subject to the condition that the representations and warranties made by the Purchaser in the Agreement shall be true and correct as of the date hereof and the Initial Settlement Date.

• In the event that there are Excluded Members who, when combined, would be allocated five percent (5%) or more of the Initial Settlement Payment, Defendant shall have the right, in its sole and absolute discretion, within twenty (20) calendar days after the opt-out deadline set by the Court, to notify Lead Class Counsel in writing that Defendant has elected to dissolve this Settlement Agreement and withdraw from the Settlement.

• The Initial Settlement Payment, Monthly Settlement Payments, and Final Settlement Payment (collectively, the “Settlement Payment”) shall satisfy payment under this Agreement.

• As soon as practicable, but no later than 20 days after the Court’s entry of the Preliminary Approval Order unless otherwise ordered by the Court, Class Counsel shall send or cause to be sent, by first-class United States Mail, a copy of the Initial Settlement Notice, Claim Form, and Form W-9 to every Class Member who can be identified through reasonable effort.

• Once Plaintiffs have received the Initial Settlement Payment (defined below) from Defendants, they shall file with the Court a Stipulation of Dismissal with Prejudice and Retention of Jurisdiction, dismissing the Lawsuit in its entirety.

More Definitions of Initial Settlement

Initial Settlement. Completion shall take place on the Completion Date at the offices of the Company at 2.15 p.m. or at such other time or place as the parties shall agree at which time the Purchaser shall be entitled to the possession of the business conducted by the Company and the Vendors will hand to the Purchaser:

Initial Settlement. Completion shall take place on the Completion Date at the offices of the Purchasers' solicitors Lowndes Jordan at 2.15 p.m. or at such other time or place as the parties shall agree at which time the Purchaser shall be entitled to the possession of the business conducted by the Company and the Vendor will hand to the Purchaser: