Second Settlement Payment definition

Second Settlement Payment means any payment made by or on behalf of the Borrower to F-K of an agreed upon percentage as required in accordance with Paragraphs 15 or 16 of the Settlement Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Second Settlement Payment means the sum of four million seven hundred thousand United States Dollars ($4,700,000.00) in cash.

Second Settlement Payment means the sum of the Second DST Settlement Payment; the Second Goldfarb Settlement Payment; and the Second RCG Settlement Payment.

Examples of Second Settlement Payment in a sentence

The Case Contribution Award(s) shall be payable from the Qualified Settlement Fund following the deposit of the Second Settlement Payment into the Escrow Account and shall be in addition to any portion of the Net Settlement Fund the Named Plaintiffs would otherwise be entitled to receive as Settlement Class members.
In addition, in the event Company fails to timely pay the First Settlement Payment or the Second Settlement Payment to Investor, Company covenants and agrees that it will not complete the Hope Transaction, or any similar transaction, until after it has repaid the Note in full.
No later than thirty (30) business days after approval of the Settlement by the Delaware Court of Chancery, the Company shall pay or cause to be paid the Second Settlement Payment into the Escrow Account.
Within two (2) business days of Tri-Valley filing the executed Requests for Dismissal of the Actions as described in Paragraph 3, Adept shall release the Second Settlement Payment and any interest thereon to Tri-Valley in its entirety.
The Second Settlement Payment shall be made by check sent via First Class U.S. Mail to the same address as the Initial Payment, or such updated address provided by the Participating Class Member, 60 days after the last outstanding check from the First Settlement Payment or any subsequent payment to a Later Identified Member, is voided or cashed.
Defendant shall transmit to the Financial Institution a check in the amount of the Second Settlement Payment for deposit into the Escrow Account within thirty (30) calendar days after the later of the Effective Date of Settlement or the date any order with respect to Attorneys’ Fees and Expenses and Case Contribution Award(s) is Final.
The First Settlement Payment and the Second Settlement Payment will be made by Borrower to Investor via wire transfer of immediately available funds.
No later than five (5) business days after the entry of the Preliminary Approval Order, Class Counsel shall: (a) establish at a Financial Institution through the Settlement Administrator, an account (the “Escrow Account”) for the purpose of holding the Total Settlement Payment; and (b) provide notice to Defendant of the information needed to deposit the First Settlement Payment and Second Settlement Payment into the Escrow Account.
In the event that Tri-Valley files the executed Requests for Dismissal on or before the date that Adept actually vacates the Property, Adept shall pay the Second Settlement Payment directly to Tri-Valley’s account by wire transfer, in the same manner as described herein for payment of the First Settlement Payment, within two (2) business days after Adept actually vacates the Property, and in any event no later than February 3, 2009.
Within two (2) business days after the later of the dates that Adept has deposited the Second Settlement Payment into the neutral escrow account and the date that Adept actually vacates the Property, Tri-Valley shall execute and file Requests for Dismissal of the Actions, pursuant to Paragraph 3.

More Definitions of Second Settlement Payment

Second Settlement Payment means the sum of two million four

Second Settlement Payment means the payment by the Borrower to the HMI Escrow Agent of $1,350,000 in cash in all respects pursuant to and in accordance with the Restated Stipulation of Partial Settlement.

Second Settlement Payment means the Total Settlement Payment, less the First Settlement Payment, to be paid by Defendant to the Qualified Settlement Fund in the manner set forth in Section 10.1. The Second Settlement Payment shall be Twenty-Six Million Nine Hundred Thousand Dollars ($26,900,000.00) less the aggregate amount of (i) settlement payments made by any of the DST Defendants to any member of the Settlement Class in connection with the Arbitrations up to but not to exceed the amount of the Net Settlement Fund to which such member of the Settlement Class would be entitled under the Plan of Allocation had he or she not received a separate settlement payment; and (ii) any monetary judgment issued to any member of the Settlement Class and not reversed as of the Effective Date of the Settlement in connection with the Arbitrations against any of the Defendants associated with Plaintiffs’ Released Claims up to but not to exceed the amount of the Net Settlement Fund to which such member of the Settlement Class would be entitled under the Plan of Allocation had he or she not received a separate recovery.

Second Settlement Payment means that Twenty One Million Four Hundred Thousand Dollar ($21,400,000.00) portion of the Total Settlement Payment to be paid by Defendant to the Qualified Settlement Fund in the manner set forth in Section 10.1.

Second Settlement Payment means that Thirty Million Four Hundred Thousand Dollar ($30,400,000.00) portion of the Total Settlement Payment to be paid by Defendant to the Qualified Settlement Fund in the manner set forth in Section 10.1.