Net Settlement Payment definition

Net Settlement Payment means (a) in the event that the Total Settlement Demand Amount is funded as of the Effective Date, the Total Settlement Demand Amount less the Professional Fee Hold-Back; and (b) in the event that the Partial Settlement Option is jointly elected by the Debtor and the Survivors’ Committee, all payments received from a Partial Settlement Option Accepted Party less the Professional Fee Hold-Back.‌
Sample 1Sample 2Sample 3
Net Settlement Payment means the Total Settlement Demand Amount less the Twistars Payment and the Professional Fee Hold-Back.‌
Sample 1Sample 2
Net Settlement Payment means the Gross Settlement Payment to each Participating Class Member, less applicable income and payroll taxes deducted and reported to the IRS by the Claims Administrator.
Sample 1Sample 2

Examples of Net Settlement Payment in a sentence

  • Specifically, within thirty (30) calendar days following the Effective Date, the Claims Administrator shall mail to each Participating Class Member at his or her Last Known Address, or Updated Address if obtained, his or her Net Settlement Payment in accordance with the Settlement Agreement.

  • In accordance with the Settlement Agreement, Net Settlement Payment checks issued tothe Participating Class Members pursuant to the Settlement shall remain valid and negotiable for a period of one hundred and fifty (150) calendar days from the date of their issuance.

  • The Claim Administrator’s determination of eligibility and the amounts of any Gross Settlement Payment and Net Settlement Payment under the terms of the Settlement Agreement shall be conclusive, final and binding on all Settling Parties, including Participating Class Members.

  • Any Net Settlement Payment checks issued to Participating Class Members pursuant to this Settlement Agreement shall remain valid and negotiable for a period of one hundred and fifty (150) calendar days from the date of their issuance.

  • To distribute the Net Settlement Payment to NCI, via wire transfer instructions provided by NCI, within ten (10) business days after the Settlement Payment Date.

  • Within thirty (30) calendar days following the Effective Date, the Claims Administrator shall use best efforts to mail to each Participating Class Member at his or her Last Known Address, or Updated Address if obtained, his or her Net Settlement Payment from the Settlement Fund in accordance with Section V.G. of this Settlement Agreement.

  • Other than as provided herein, Defendants and the Released Parties shall have no involvement in, responsibility for, or liability relating to the distribution of the Net Settlement Payment to Class Members.

  • Net Settlement Payment: [insert start date(s) and end date(s) of employment from 5/26/2016 – December 4, 2020 and number of workweeks].b.

  • The Settlement Administrator shall distribute this payment to the Class Representative in addition to her pro rata share of the Net Settlement Payment, and Class Counsel’s Fees shall not be deducted from the Class Representative Service Payment.

  • Upon receipt of the Agreed CGL Insurer Payments from the Settling Insurers, the Debtor will wire the Net Settlement Payment to the Trust.


More Definitions of Net Settlement Payment

Net Settlement Payment means the Settlement Payment less the Escrow Expenses (as defined below) and the Fee Award (as defined below).
Sample 1Sample 2
Net Settlement Payment means the remainder of the Settlement Payment after court-approved attorneys’ fees and costs as described in Section 3.2, Service Awards described in 3.3, and any taxes incurred directly or indirectly as a result of investing the Settlement Payment.
Sample 1
Net Settlement Payment means the aggregate of all potential Allocated Amounts to be paid to the Authorized Claimants after deducting: (a) the court-approved attorneys’ fees and costs as described in Section 3.2; and (b) the court-approved service payment to Plaintiff as described in Section 3.3; and (c) the payment to the Claims Administrator as described in Section 2.1; and (d) the employer’s share of payroll taxes as described in Section 3.5 from the Gross Settlement Fund
Sample 1
Net Settlement Payment means the remainder of the Settlement Payment described in Section 3.1 after deductions for payment of the Claim Administrator’s fees as described in Section 2.1, court-approved attorneys’ fees and costs as described in Section 3.4, and court-approved service payments to Plaintiffs as described in Section 3.5, and after setting aside the reserve fund described in Section 3.3(E), state and federal payroll taxes as described in 3.7(C).
Sample 1

Related to Net 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) Court-awarded attorneys’ fees and expenses; (ii) Notice and Administration Expenses; (iii) Taxes; and (iv) any other fees or expenses approved by the Court.

  • 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.

  • Individual Settlement Payment means the amount payable from the Net

  • 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.

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

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

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

  • Purchase Contract Settlement Date means ________________________, ____.]

  • 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:

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • Disruption Cash Settlement Price means in respect of each Security, an amount in the Settlement Currency equal to the fair market value of the Share Amount (taking into account, where the Settlement Disruption Event affected some but not all of the Shares comprising the Share Amount and such non-affected Shares have been duly delivered as provided above, the value of such Shares), less the cost to the Issuer of unwinding any underlying related hedging arrangements, all as determined by the Issuer.

  • Net Share Settlement On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by Dealer and pay cash to Dealer in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date. Number of Shares to be Delivered: In respect of any Exercise Date, subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii)(A) the excess, if any, of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price, divided by (B) such VWAP Price. The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 4:00 P.M. (local time in New York City) on the relevant Settlement Date.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

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

  • Cash Settlement Averaging Period means, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity Date.

  • 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.

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

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

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

  • 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.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.