Remaining Settlement Amount definition
Examples of Remaining Settlement Amount in a sentence
Within ten (10) Business Days after such notification, the requisite part of the Reserved Settlement Amount, and if insufficient the requisite part of the Remaining Settlement Amount, will be paid to the Foundation, following which the Foundation shall pay or shall procure payment of the amount to be paid by the Payment Date, in each case unless it is not reasonably possible to make the payments contemplated by this Paragraph 7.2 within the time limits set out therein.
The remainder of the Settlement will remain with Ageas (the "Remaining Settlement Amount ") and must be reserved, and be itemised in the quarterly regulatory filings and statements of Ageas, and evidence thereof must be provided to the Foundation as long as there is still some final payment to be made pursuant to this agreement.
The Remaining Settlement Amount shall, simultaneously with the effectiveness of this Amendment, be released from the Administrative Agent and paid into an account of the Credit Parties which is subject to a Control Agreement.
To the extent that TVG has not received the full amount of the Remaining Settlement Amount from Youbet by July 1, 2004, Youbet shall pay to TVG an amount equal to the difference between (A) the Remaining Settlement Amount, and (B) the aggregate amount of proceeds recovered by Youbet in respect of the D&O Claim and actually paid to TVG prior to July 1, 2004 (such difference being referred herein to as the “Remaining Settlement Payment”).
To the extent that TVG has not received the full amount of the Remaining Settlement Amount from Youbet by July 1, 2004, Youbet shall pay to TVG an amount equal to the difference between (A) the Remaining Settlement Amount, and (B) the aggregate amount of proceeds recovered by Youbet in respect of the D&O Claim and actually paid to TVG prior to July 1, 2004 (such difference being referred herein to as the "REMAINING SETTLEMENT PAYMENT").