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.
Sample 1
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.
Sample 1Sample 2
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.
Sample 1

Examples of Second Settlement Payment in a sentence

  • As of the Petition Date, GT Hong Kong still owed the Second Settlement Payment to TXT.

  • Attorneys’ Fees and Expenses as awarded by the Court shall be payable to Class Counsel from the Qualified Settlement Fund following the deposit of the Second Settlement Payment into the Escrow Account, regardless of the existence of any objection to or appeal of the Settlement and/or the award of Attorneys’ Fees and Expenses.

  • 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.

  • 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.

  • 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.

  • Within 10 days of the Second Cutoff Date the Administrator shall provide a declaration and report to counsel for all Parties setting forth the total amount and number of payments sent and cashed in connection with the Second Settlement Payment, and the remaining balance of the Class Fund available for cy pres distribution.

  • Any further request for the approval of disbursements will be made upon receipt of the Second Settlement Payment in the Trust Account.

  • Dr. Kwok claims that Ms. Conway confirmed this during questioning.

  • 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.

  • The First Settlement Payment and the Second Settlement Payment will be made by Borrower to Investor via wire transfer of immediately available funds.


More Definitions of Second Settlement Payment

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.
Sample 1
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.
Sample 1
Second Settlement Payment means the sum of the Second DST Settlement Payment; the Second Goldfarb Settlement Payment; and the Second RCG Settlement Payment.
Sample 1
Second Settlement Payment means the sum of two million four
Sample 1

Related to Second Settlement Payment

  • Individual Settlement Payment means the amount payable from the Net

  • 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.

  • 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:

  • 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.

  • Gross Settlement Amount means $350,000 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 8 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, the Class Representative Service Payment, and the Administrator’s Expenses.

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • Structured settlement agreement means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

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

  • Standard Settlement Period means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

  • Structured settlement means an arrangement for periodic payment of damages for personal injuries established by settlement or judgment in resolution of a tort claim or for periodic payments in settlement of a workers’ compensation claim.

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

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

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