Settlement Administration Account definition

Settlement Administration Account means an interest bearing account to be maintained by the Settlement Administrator for payment of the expenses of administering the Settlement.
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Settlement Administration Account means an interest bearing account 10 to be maintained by the Settlement Administrator for payment of the expenses of administering 11 the Partial Settlement.
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Settlement Administration Account means an interest-bearing account to be maintained by Class Counsel with the Escrow Agent for payment of the expenses incurred by the Settlement Administrator in administering the Settlement.
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Examples of Settlement Administration Account in a sentence

  • The Settlement Administrator shall establish the Settlement Administration Account.

  • Prior to or upon entry of the Preliminary Approval Order, Class Counsel shall cause to be established the Settlement Administration Account at a financial institution selected by Class Counsel.

  • Upon deposit in the Escrow Account of the Settlement Consideration, the Escrow 24 Agent may transfer two hundred fifty thousand dollars ($250,000.00) from the Escrow Account to 25 the Settlement Administration Account in order to pay reasonable and necessary notice and 26 administration costs related to the Partial Settlement.

  • One-hundred and twenty (120) days after the Notice Date, the Settlement Administrator shall make final determinations on all Claims and provide notice to the Parties (the “Claims Determination Notice”), including an accounting of all Claims to be paid and instructions to Hometrust to fund the Settlement Administration Account.

  • Ninety (90) days after the Notice Date, the Settlement Administrator shall make final determinations on all Claims and provide notice to the Parties (the “Claims Determination Notice”), including an accounting of all Claims to be paid and instructions to BRSI to fund the Settlement Administration Account.

  • Upon BRSI’s funding of the Settlement Administration Account, the Settlement Administrator shall promptly make payment to Claimants.

  • Ninety (90) days after the Notice Date, the Settlement Administrator shall make final determinations on all Claims and provide notice to the Parties (the “Claims Determination Notice”), including an accounting of all Claims to be paid and instructions to XxXxxxx RentCorp to fund the Settlement Administration Account.

  • In the event of a termination as provided therein, this Agreement shall be considered null and void; all of BRSI’s obligations under the Agreement shall cease to be of any force and effect, the amounts in the Settlement Administration Account, if any, shall be returned to BRSI; and the Parties shall return to the status quo ante in the Action as if the Parties had not entered into this Agreement.

  • Upon TransPerfect’s funding of the Settlement Administration Account, the Settlement Administrator shall promptly make payment to Claimants.

  • BRSI shall then cause funds to be deposited into the Settlement Administration Account for the payment of Claims within forty-five (45) days of receiving the Claims Determination Notice.


More Definitions of Settlement Administration Account

Settlement Administration Account means the bank account created by the Settlement Administrator to maintain funds for the payment of Claims.
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Settlement Administration Account means the account maintained by the Claims Administrator to pay reasonable and necessary notice and Administrative Costs.
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Settlement Administration Account means the escrow account to be established by Class Counsel at Huntington Bank, which shall be an interest-bearing account into which the Settlement Payment will be paid pursuant to Section C of this Settlement Agreement.
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Settlement Administration Account means an interest
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Related to Settlement Administration Account

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Account Administrator means the person(s) who have been granted authority by Customer to set up, amend, or otherwise control settings and/or make additional purchases for the Account via the Administrative Portal. Account Administrators may have varying levels of Account rights, skills, or permissions.

  • Settlement Administrator means the administrator proposed by the Parties and appointed by the Court to administer the Settlement.

  • Settlement Administration Costs means all costs and fees of the Settlement Administrator regarding Notice and Settlement administration.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

  • Administration Fund means the Administration Fund established by the Fiscal Agent pursuant to Section 4.01 hereof.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.

  • Clearing Account means the account so designated and established by Section 5.04(1) hereof.

  • Collection Accounts As defined in Section 3.10(a).

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Agency Account means any deposit account opened on the books of a Subcustodian or other banking institution in accordance with Section 7.1.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Settlement Administration Expenses means all fees, disbursements, expenses, costs, taxes and any other amounts incurred or payable for the approval, implementation and operation of this Settlement Agreement, including the costs of notices and including the Settlement Administration Expenses Fund, but excluding Class Counsel Fees and Class Counsel Disbursements;