Restitution Payment definition

Restitution Payment or “Restitution Payments” means the Owner Restitution,
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Restitution Payment means any depositor restitution ordered or requested by the Federal Reserve to be paid, and actually paid, pursuant to the Consent Order by: (i) Xxxx Xxxxxx Bank at or prior to the Effective Time; or (ii) Acquiror Bank, as successor to Xxxx Xxxxxx Bank, at any time following the Effective Time.
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Restitution Payment shall have the meaning set forth in Section 2.2.1(a).
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Examples of Restitution Payment in a sentence

  • Restitution: Payment to the university or to other persons, groups, or organizations for damage to property or costs incurred as a result of the violation of this Student Code of Conduct.

  • Restitution: Payment to the Institute or to an affected party for damages resulting from a violation of the Student Code of Conduct.

  • Restitution: Payment to a harmed party, such as to repair or replace vandalized property.

  • To qualify for an Eligible Seller Restitution Payment, you must identify yourself (and Volkswagen must receive any mailed Eligible Seller identification form) during the Eligible Seller identification period.

  • You must have submitted a complete and valid claim by September 1, 2018 to get a Buyback or an Approved Emissions Modification plus Restitution Payment by the time the Class Action Settlement claim program ends.

  • The Owner Restitution Payment is the same whether you choose a Buyback or an Approved Emissions Modification.

  • The Lessee Restitution Payment is the same whether you choose a Lease Termination or an Approved Emissions Modification.

  • The Owner Restitution Payment is designed to compensate class members fully, including for the alleged conduct and for the time and inconvenience involved in choosing and obtaining either the Buyback or the Approved Emissions Modification.

  • In addition, Volkswagen will give you a Lessee Restitution Payment (see Question 19).

  • An Eligible Owner whose Eligible Vehicle is totaled after the opt-out deadline will receive the Owner Restitution Payment, but no Vehicle Value.


More Definitions of Restitution Payment

Restitution Payment means an amount equal to:
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Restitution Payment means the amount equal to:
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Related to Restitution Payment

  • Indemnity Payment shall have the meaning set forth in Section 4.4(a).

  • Production Payment means a production payment obligation (whether volumetric or dollar denominated) of the Borrower or any of its Restricted Subsidiaries which are payable from a specified share of proceeds received from production from specified Oil and Gas Properties, together with all undertakings and obligations in connection therewith.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Completion Payment means the payment for the 20% of the Charges for each Apprenticeship that under the ESFA Rules is only paid once an Apprentice takes their end point assessment, including as the case may be Apprenticeships funded by Transferred Levy Funds;

  • Exception Payments means payments to deposit accounts or brokerage accounts, payments to settle securities transactions (including, without limitation, stocks, bonds, securities, futures (forex), options, or an investment interest in any entity or property).

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Principal Relocation Payment A payment from any Loan Group to REMIC 1 Regular Interests other than those of their corresponding Loan Group as provided in the Preliminary Statement. Principal Relocation Payments shall be made of principal allocations comprising the Principal Amount from a Loan Group.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Termination Payment has the meaning set forth in Section 6.03.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Closing Payment Amount will have the meaning set forth in Section 1.3(a).

  • Accommodation Payment as defined in Section 10.21(d).

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Deficiency Payment has the meaning set forth in Section 9(a).

  • Amortization Payment shall have the meaning set forth in Section 2(d).

  • 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.

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Termination Payments has the meaning specified in Section 10(a).

  • Payment Amount as defined in Section 3.5.

  • Actual Payment means, with respect to a Receivable and a Collection Period, all payments received by the Servicer from or for the account of the related Obligor on such Receivable during such Collection Period, net of any Supplemental Servicing Fees attributable to such Receivable.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Policy Payments Account means a separate special purpose trust account that is an Eligible Account, for the benefit of Holders of the Notes and the Credit Enhancer over which the Indenture Trustee has exclusive control and sole right of withdrawal.

  • Late Payment Surcharge shall have the meaning ascribed thereto in Article 10.3.3 of this Agreement;