Settlement Charge definition

Settlement Charge means a charge of 1 c/kWh to be implemented by PREPA and included in its customer bills by July 1, 2019. (ci) “Settlement Motion” has the meaning given to such term in Section2(a). (cii) “Settlement Payments” means commencing August 30, 2019 andcontinuing through the earliest of (A) a Stipulated Treatment Termination, (B) a termination pursuant to Section 9(d)(vi) as to PREPA or AAFAF, (C) the Effective Date, or (D) dismissal of PREPA’s Title III Case, monthly settlement payments to be made by PREPA equal to (i) the number of kilowatt hours PREPA billed during the previous month, multiplied by (ii) 92% (representing the projected collection percentage and certain statutory exceptions), multiplied by (iii) the Settlement Charge. (ciii) “Solicitation” means the solicitation of votes for the Plan pursuant to, and in compliance with, PROMESA or any applicable nonbankruptcy law, rule, or regulation governing the adequacy of disclosure in connection with such solicitation. (civ) “SPV” or “Issuer” means a bankruptcy remote special purpose vehicle (which may be the Puerto Rico Electric Power Authority Revitalization Corporation, or another entity as agreed by the Required Parties, established by the Government of Puerto Rico, and used for the Restructuring).(cv) “Stay Motion” has the meaning given such term in Section 3(b). (cvi) “Stipulated Treatment” has the meaning given such term in
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Settlement Charge means the amount charged to Merchant for receiving settlement from RMS in relation to the use of the Payment Channels by the Merchant as indicated in the Appendices;
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Settlement Charge means, where included in the Order:
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Examples of Settlement Charge in a sentence

  • For Regular Contribution and Additional Regular Contribution only) The current Trust Settlement Charge is charged on the Regular Contribution and any Additional Regular Contribution in the Initial Account for the entire duration of the CPT.

  • The Trust Settlement Charge is for our obligations throughout ICP once the Trust Plan is in force and the respective Contribution within ICP is verified by Metis.

  • Metis will recognize the non-refundable upfront Trust Settlement Charge after verifying the Contribution received.

  • The monthly Trust Settlement Charge is 0.5% of the Initial Account value at month end and is payable as at the first calendar date of the following month.

  • Subject to Section 8(c), the obligation of a Participant which elects to terminate its business with the Corporation pursuant to this Paragraph shall be limited to the amount of its Aggregate Required Deposit and Investment, as fixed on the day of the pro rata settlement charge that was the subject of the Settlement Charge Notice, plus 100% of the amount thereof.

  • Only CLEC CATS and Non-CATS Messages for which the Transporting LEC is other than PACIFIC or NEVADA shall be included in the calculation of the PACIFIC or NEVADA Settlement Charge.

  • If a Participant, within five Business Days after the issuance of a Settlement Charge Notice pursuant to Section 4 of this Rule gives notice to the Corporation of its election to terminate its business with the Corporation, the Participant shall nevertheless remain obligated for (i) its pro rata settlement charge related to such Settlement Charge Notice and (ii) all other pro rata settlement charges through the Participant Termination Date.

  • The Trust Settlement Charge is for our obligations throughout ICP once the trust plan is in force and the respective contribution within ICP is verified by Metis.

  • As a result of the Settlement Charge taken in the third quarter of 1996, as described in Note 4, the Company obtained a waiver which excludes the Settlement Charge from covenant calculations for the periods covered by the most recent amendment.

  • Metis will recognize the non-refundable upfront Trust Settlement Charge after verifying the contribution received.In terms of deduction of this charge in notional units, it will be accrued and deducted on a monthly basis.


More Definitions of Settlement Charge

Settlement Charge means a charge of 1 c/kWh to be implemented by PREPA and included in its customer bills by July 1, 2019.
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Settlement Charge means the charges incurred by the Borrower in accordance with the Settlement of Shareholder Actions; provided, however, that those charges are in accordance with GAAP and that the aggregate amount of all of those charges shall not exceed Three Million Thirty-Seven Thousand Five Hundred Dollars ($3,037,500)."
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Related to Settlement Charge

  • Management Charge means the sum paid by the Supplier to the Authority being an amount of half (0.5) percent of all Charges for the Services invoiced to the Contracting Bodies (net of VAT) in each Month throughout the Term and thereafter until the expiry or earlier termination of any Call-Off Contract;

  • Account Charge means, in relation to each of the Charged Accounts, the first priority fixed charge or pledge over all such accounts given or to be given by the relevant account holder thereof in favor of and in form and substance satisfactory to the Security Trustee.

  • Prepayment Charge With respect to any Mortgage Loan, the charges or premiums, if any, due in connection with a full or partial prepayment of such Mortgage Loan during a Prepayment Period in accordance with the terms thereof (other than any Servicer Prepayment Charge Payment Amount).

  • Late Payment Charge means the charge that is applied when either Party fails to remit payment for any charges by the Bill Due Date, or if payment for any portion of the charges is received after the Bill Due Date, or if payment for any portion of the charges is received in funds which are not immediately available or received by either Party as of the Bill Due Date, or if either Party does not submit the Remittance Information.

  • Default Management Charge has the meaning given to it in paragraph 6.2 of Framework Schedule 9 (Management Information);

  • Prepayment Charge Schedule A data field in the Mortgage Loan Schedule attached hereto as Exhibit A which sets forth the amount or method of calculation of the Prepayment Charge and the term during which such Prepayment Charge is imposed with respect to a Mortgage Loan.

  • Contract Charges means charges that accrue during a given month as defined in Article III. “Contract Term” is defined in Article IV.

  • development charge means a charge imposed pursuant to this By-law;

  • Prepayment Charges Any prepayment premium or charge payable by a Mortgagor in connection with any Principal Prepayment on a Mortgage Loan pursuant to the terms of the related Mortgage Note or Mortgage, as applicable.

  • Government Charges means all charges or duties on deposits into, or withdrawals from your account that are payable under a law of the Commonwealth or any State or Territory or any other jurisdiction whether or not you are primarily liable to pay these charges.

  • Settlement Cycle means the period of Clearance System Business Days following a transaction on the Relevant Exchange in the Underlying, during which period settlement will customarily take place according to the rules of such Relevant Exchange.

  • Settlement Costs means all costs incurred by the Settlement Class and their attorneys, including but not limited to Plaintiffs’ attorneys’ fees, their costs of suit, Plaintiffs’ expert or consultant fees, any incentive payments paid to the Class Representatives, notice costs, costs of Claims Administration, and all other costs of administering the settlement.

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located.

  • Development Charges or “DC” shall mean the amount charged by the Company from the Applicant(s) towards carrying out the developmental works inside or around the Project, including but not limited to the payment of the following:

  • Adviser Charge : means the fee agreed with your financial adviser in remuneration for the personal recommendation received prior to submission of an Application Form.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Sales Charge and "Dealer Commission" apply only to the Load Funds and the CDSC Funds. All commissions and concessions are subject to change without notice by us and will comply with any changes in regulatory requirements. You agree that you will not combine customer orders to reach breakpoints in commissions for any purpose whatsoever unless authorized by the Prospectus or by us in writing.

  • Penalty Charge means a penalty charge which is payable by virtue of paragraph 3(1) and (2) of Schedule 3 to this Act;

  • transaction charge means any amount charged to a client by a registered firm in respect of a purchase or sale of a security and includes any federal, provincial or territorial sales taxes paid on that amount;

  • Room charge means the charge imposed for the use or occupancy of a room, excluding charges for food, beverages, state use tax, telephone service, or like services paid in connection with the charge, and excluding reimbursement of the assessment imposed by this act.

  • Track Charges means the charges payable by or on behalf of the Train Operator to Network Rail, as set out in paragraph 1 of Part 2 of Schedule 7 or under the Traction Electricity Rules;

  • State premium tax liability means any liability

  • Prepayment Charge Period As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.

  • 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.

  • Bank Charges means the charges levied by the Merchant Acquiring Bank for Transactions and Refunds. “Bank System” means the banking system operated by any approved bank, financial institution or other body.

  • Adjustment Escrow Account means the escrow account established by the Escrow Agent pursuant to the Escrow Agreement for purposes of holding the Adjustment Escrow Amount and any interest or earnings accrued thereon or in respect thereof.