Naylor Settlement Account definition

Naylor Settlement Account means the account selected and established by the Settlement Administrator to receive the deposit of the Settlement Cash Proceeds at the time specified elsewhere in this Agreement. The Settlement Administrator shall, in its sole and unfettered discretion, select the depository for the Settlement Cash Proceeds, whether a national or state banking institution, other financial institution, or trust company, and the type of account, whether interest or non-interest bearing. The selections shall be final and binding on the Class Representative and the Settlement Class. Upon deposit of the Settlement Cash Proceeds into the Naylor Settlement Account, the Settlement Cash Proceeds shall inure first to the benefit of the Settlement Class, subject to (and unless otherwise provided by): (a) the terms of this Agreement;(b) the Final and Non-Appealable Judgments approving this Agreement; and (c) the Plan of Allocation and Distribution. Funds may be withdrawn from this Account only upon court order.
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Examples of Naylor Settlement Account in a sentence

  • The Shares represent units of fractional undivided beneficial interest in and ownership of the Trust and have no par value.

  • If this Agreement is not approved, is voided, terminated, or fails to become effective for any reason, the balance in the Naylor Settlement Account, including interest accrued thereon and less Administration Expenses actually incurred, shall be promptly returned to the Debtors or the Reorganized Debtors, as applicable.

  • CategoryContained within:Policy problem GIC’s statutorily recommended solution The order of gas supply curtailmentThe likelihood of curtailment of consumers for whom curtailment would result in significant social costs can be further minimised.Create a new band for Critical Care Providers6 so that they are the last to be curtailed.

  • It was for the relevant Committee at the following meeting to determine whether this was the case and Members could propose, via a Motion, any valid corrections believed to be required on the grounds of accuracy in accordance with Council Procedure Rule 14.

  • Enforcement.A. Enforcement of the provisions of this Living Wage Chapter may be based on complaints of noncompliance by eligible employees or on monitoring for compliance by the City Finance Department.B. Complaint process.

  • Any distribution of Settlement Consideration, including distribution of any monies or funds from the Naylor Settlement Account, shall be in accordance with a Plan of Allocation and Distribution approved by the Bankruptcy Court.

  • Within five (5) business days of Effective Date, the Defendant, the Debtors, or the Reorganized Debtors shall transfer or cause to be transferred by wire transfer the Settlement Cash Proceeds to the Naylor Settlement Account.

  • Three business days after entry of the Preliminary Approval Order, the Settlement Administrator will establish the Naylor Settlement Account for the benefit of the Settlement Class.

  • Within five business days of the Effective Date, the Debtors or the Reorganized Debtors, as applicable, shall transfer or cause to be transferred by wire transfer the Settlement Cash Payments to the Naylor Settlement Account.

Related to Naylor Settlement Account

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

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

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Viatical settlement provider means a person, other than a viator, who enters into or effectuates a viatical settlement contract. Viatical settlement provider does not include:

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Settlement Funds means Standard Settlement Funds and Maximizing Settlement Funds.

  • Net Settlement Fund means the Settlement Fund less: (i) Court-awarded attorneys’ fees and expenses; (ii) Notice and Administration Expenses; (iii) Taxes; and (iv) any other fees or expenses approved by the Court.

  • 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.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour. Day-ahead System Energy Price:

  • Concentration Accounts has the meaning ascribed to it in Annex C.

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

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

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

  • Collection Accounts As defined in Section 3.10(a).

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

  • 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.

  • Agent Payment Account means account no. 5000000030266 of Agent at Wachovia Bank, National Association, or such other account of Agent as Agent may from time to time designate to Administrative Borrower as the Agent Payment Account for purposes of this Agreement and the other Financing Agreements.

  • Settlement Asset means any cash, receivable or other property, including a Settlement Receivable, due or conveyed to a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person or an Affiliate of such Person.

  • Trading Account means the unique personified register of all completed transactions, open positions, orders and nontrading operations on the trading platform.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • 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).

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Investment Account As defined in Section 3.12(a).