Settlement Cheque definition

Settlement Cheque means any cheque issued by the Settlement Administrator payable from the Settlement Fund to a Settlement Class Member for payment of a valid Claim or Claims.
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Examples of Settlement Cheque in a sentence

  • For any Settlement Cheque returned to the Settlement Administrator as undeliverable (including, but not limited to, when the intended recipient is no longer located at the address), the Settlement Administrator shall make reasonable efforts to locate a valid address and resend the Settlement payment within thirty (30) days after the Settlement Cheque is returned to the Settlement Administrator as undeliverable.

  • If a Settlement Cheque is not cashed within sixty (60) days after the date of issue, the Settlement Administer is authorized to send by mail (and, if available, an e-mail) and/or place a telephone call to that Settlement Class Member reminding him/her of the deadline to cash such cheque.

  • February 2012 Change to Settlement Cheque FeeCurrently at settlement customers receive two settlement cheques at no charge with any additional cheques incurring a fee.

  • When this transaction is performed, a ChequeClearance event is emitted which is detected by the Payee Bank’s API and the information in this transaction is used to update the Payee Bank’s database.• Cheque Settlement: Cheque Settlement is a process in which two banks, say A and B, calculate the total amount from the cheques in which they were a payor and subtract the amount from which they were a payee, at the end of the working day.

  • According to the RBI Report there are 205665 Automated Teller Machines (ATMs) and 33, 32,487 Point of Sale devices (POS) as on August, 2018 along with Implementation ofelectronic payment system such as NEFT (National Electronic Fund Transfer), ECS (Electronic Clearing Service), RTGS (Real Time Gross Settlement), Cheque Truncation System, Mobile banking system, Debit cards, Credit Cards, Prepaid cards have all gained wide acceptance in Indian banks.

Related to Settlement Cheque

  • 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 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.

  • Settlement Agent means, with respect to any Transaction the subject of which is a Wet-Ink Mortgage Loan, the entity approved by Buyer, in its sole good-faith discretion, which may be a title company, escrow company or attorney in accordance with local law and practice in the jurisdiction where the related Wet-Ink Mortgage Loan is being originated. A Settlement Agent is deemed approved unless Buyer notifies Seller otherwise at any time electronically or in writing.

  • Settlement Report a report summarizing Revolver Loans and participations in LC Obligations outstanding as of a given settlement date, allocated to Lenders on a Pro Rata basis in accordance with their Revolver Commitments.

  • 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.

  • Settlement Day means, in relation to a date, (i) with respect to a transfer of cash or other property (other than securities), the next Local Business Day and (ii) with respect to a transfer of securities, the first Local Business Day after such date on which settlement of a trade in the relevant securities, if effected on such date, would have been settled in accordance with customary practice when settling through the clearance system agreed between the parties for delivery of such securities or, otherwise, on the market in which such securities are principally traded (or, in either case, if there is no such customary practice, on the first Local Business Day after such date on which it is reasonably practicable to deliver such securities).

  • Settlement Receivable means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person.

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

  • Settlement Price means the agreed upon price at which to purchase and sell a specified type and quantity of a commodity.

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Settlement means the settlement set forth in this Agreement.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Settlement Class means, in respect of each Proceeding, the settlement class defined in Schedule A.

  • Settlement Statement has the meaning set forth in Section 3.2(a).

  • Settlement Hearing means the hearing set by the Court under Rule 23(e)(2) of the Federal Rules of Civil Procedure to consider final approval of the Settlement.

  • Settlement Website means the website created and maintained by the Settlement Administrator which will contain, among other things, the Notice and Claim Forms, and documents related to the settlement.

  • Settlement Costs means all costs incurred by Plaintiff, the Settlement Class Members, and their attorneys, including but not limited to Plaintiff’s attorneys’ fees, costs of suit, Plaintiff’s expert or consultant fees, any incentive payments paid to the Class Representative, notice costs, costs of claims administration, and all other costs of administering the Settlement Agreement.

  • Settlement Bank means a participant whose PM account or sub-account is used to settle AS payment instructions,

  • settlement system means any infrastructure whether or not connected to the auction platform that can provide settlement services, which may include clearing, netting, management of collateral, or any other services, which ultimately enable the delivery of allowances on behalf of an auctioneer to a successful bidder or its successor in title, and the payment of the sum due by a successful bidder or its successor in title to an auctioneer, carried out through either of the following:

  • 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:

  • Settlement Unit means each hour in a day divided into hour-long periods starting at 00:00 on such day.

  • Settlement Date means, with respect to the Called Principal of any Note, the date on which such Called Principal is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Settlement Funds means Standard Settlement Funds and Maximizing Settlement Funds.

  • Settlement Class Counsel means and refers to Xxxxxxxx, Xxxxxxxxxx, & XxXxxxx, P.C.

  • Resettlement means the impact of an involuntary taking of land under the Project, which taking causes affected persons to have their: (i) standard of living adversely affected; or (ii) right, title or interest in any house, land (including premises, agricultural and grazing land) or any other fixed or movable asset acquired or possessed, temporarily or permanently; or (iii) access to productive assets adversely affected, temporarily or permanently; or (iv) business, occupation, work or place of residence or habitat adversely affected, temporarily or permanently.