Settlement Credit definition

Settlement Credit means (a) the Settlement Amount ($29,850,000, or $28,850,000 as per paragraph 1.40.1.3) — constituting the maximum possible aggregate of the Settlement Amount, Supplemental Settlement Amount, and Xxxxxx Supplemental Settlement Amount; unless the Court shall determine when assessing liability against the Barred Person that some portion of the damages claimed which were settled by the Settlement, are different from those for which the Barred Person is liable, then (b) the Settlement Amount ($29,850,000, or $28,850,000 as per paragraph 1.40.1.3) minus the portion of the Combined Settlement Amount determined by the Court to have been paid with respect to such different damages claimed; provided that the Settlement Credit shall not reduce the total amount of the Settlement Class’ recovery against all Barred Persons by more than the Settlement Amount; and further provided that nothing in this paragraph shall permit the Settlement Class to recover more than their total amount of damages for the Claims asserted in the ERISA Action;
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Settlement Credit has the meaning ascribed thereto in Section 7.6(b).
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Settlement Credit means (a) $25 million – constituting the aggregate of the Settlement Amount, unless the Court shall determine when assessing liability against the Barred Person that some portion of the damages claimed which were settled by the Settlement, are different from those for which the Barred Person is liable, then (b) $25 million minus the portion of the Settlement Amount determined by the Court to have been paid with respect to such different damages claimed; provided that the Settlement Credit shall not reduce the total amount of the Settlement Class’ recovery against all Barred Persons by more than the Settlement Amount; and further provided that nothing in this paragraph shall permit the Settlement Class to recover more than their total amount of damages for the Claims asserted in the ERISA Action;
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Examples of Settlement Credit in a sentence

  • Performing Second Liens (0-90 days delinquent)$1.00 Write-down=$0.90 CreditMenu Item Credit Towards Settlement Credit Cap ii.

  • The Rural and Remote Settlement Credit reduces the price of electricity on which the HST is charged.

  • It is used to fund the Rural and Remote Settlement Credit, which is paid to distributors in rural and remote areas to subsidize their purchases of electricity.

  • If you do not respond within 5 business days, the CMSC included in the IESO’s notice shall be recovered.The CMSC recovery is applied as a manual entry to charge type 105 “Congestion Management Settlement Credit for Energy” on your preliminary settlement statement and final settlement statement for the last trading day of the month.

  • There are two charge types for transactions in the Transmission Rights market:• Transmission Rights Auction Settlement Debit (charge type 52); and• Transmission Rights Settlement Credit (charge type 104).In its operation of the Transmission Rights market, on a periodic basis, the IESO will conduct an auction of Transmission Rights.

  • Further, where a non-resident market participant only imports electricity into Canada for sale into the IESO market (i.e., they do not also withdraw electricity from the IESO-controlled grid, and are not engaged in Physical Bilateral Contracts), the value of imports for CBSA purposes should coincide with charge type 100 (Net Energy Market Settlement for Generators and Dispatchable Load) and charge type 1131 (Intertie Offer Guarantee Settlement Credit – Energy) amounts recorded on the IESO invoice.

  • If you do not respond within 5 business days, the CMSC included in the IESO’s notice shall be recovered.The CMSC recovery is applied as a manual entry to charge type 124 “SEAL Congestion Management Settlement Credit Amount” on your preliminary settlement statement and final settlement statement for the last trading day of the month.

  • Charge type 1131 replaces the following charge types:• charge type 130 – Intertie Offer Guarantee Settlement Credit-Energy;• charge type 1130 – Day-Ahead Intertie Offer Guarantee Settlement Credit; and• charge type 1137 – Intertie Offer Guarantee Reversal.

  • If you do not respond within 5 business days, the CMSC included in the IESO’s notice shall be recovered.ArchiveThe CMSC recovery is applied as a manual entry to charge type 105 “Congestion Management Settlement Credit for Energy” on your preliminary settlement statement and final settlement statement for the last trading day of the month.

  • Settlement, Credit and Counterparty Risks Settlement risk occurs when a transaction is not completed as duly agreed between the parties.


More Definitions of Settlement Credit

Settlement Credit means a credit given in place of a repayment of income tax paid pursuant to the provisions of the benefits code (as defined in section 63 of ITEPA 2003), Class 1A National Insurance contributions, corporation tax or repayment interest thereon and set off in the settlement agreement against any part of the tax, National Insurance or other liabilities the counterparty settled under that settlement agreement;
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Settlement Credit has the meaning ascribed thereto in Section 7.5(b). “Settlement System Revenue Value” means (i) on or prior to December 31, 2011, Initial Revenue Value, and (ii) on any date on or after January 1, 2012, Actual System Operating Revenue for the preceding Reporting Year, divided by the simple average of the Monthly System in Service Percentages for the preceding Reporting Year, plus the sum of all Required Closure Payments due in the preceding Reporting Year.
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Settlement Credit means a specific redeemable credit offered by the Defendant to a Settlement Class Member pursuant to this Settlement and apportioned from the Settlement Value as defined herein;
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Settlement Credit has the meaning ascribed thereto in Section 7.5(b). “Settlement System Revenue Value” means (i) on or prior to , 2011 [Last Day of First Full Reporting Year], Initial Revenue Value, (ii) on any date from 1, 2011 to , 2012 [Last Day of Second Reporting Year], both dates inclusive, Actual System Operating Revenue for the preceding Reporting Year multiplied by the Initial Reporting Year Multiplier with the result divided by the simple average of the Monthly System in Service Percentages for the preceding Reporting Year, plus the sum of all Required Closure Payments due in the preceding Reporting Year multiplied by the Initial Reporting Year Multiplier, and (iii) on or after 1, 2012 [First Day of Third Reporting Year], Actual System Operating Revenue for the preceding Reporting Year, divided by the simple average of the Monthly System in Service Percentages for the preceding Reporting Year, plus the sum of all Required Closure Payments due in the preceding Reporting Year.
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Settlement Credit means a credit in respect of a settlement with an Excluded Customer.
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Settlement Credit means either (a) $47,000,000, or (b) such other amount determined by the Court at the time of entry of judgment against any Barred Person to have been the value realized by the Class from the Settlement; provided that if the Court shall determine when assessing liability against the Barred Person that some portion of the damages claims settled in the Settlement are different from those for which the Barred Person is liable, then the amount described in clauses (a) or (b) of this Paragraph minus the portion of the Settlement Amount determined by the Court to have been paid with respect to such different damages claims.
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Related to Settlement Credit

  • 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 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.

  • Billing Adjustment Credit To provide Customer the benefit of the rates and discounts in the Amendment as of the Effective Date and until such rates and discounts are implemented, the Company shall provide Customer with a one-time billing adjustment credit equal to $152,300.00 plus applicable taxes and surcharges. This credit shall compensate Customer for the difference between the Tariff/Guide/list rates invoiced during the 1st full billing cycle following Customer's signature date above and the rates and discounts in this Agreement.

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

  • Settlement Claim means a claim for settlement benefits made under the terms of this Settlement Agreement.

  • Settlement Funds means moneys allocated to this state from the environmental mitigation trust specified in par. (d) and received by the state from the trustee.

  • Settlement Amount has the meaning specified in Section 14.02(a)(iv).

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) hereof.

  • Settlement Asset means any cash, receivable or other property, including a Settlement Receivable, due or conveyed to a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person or an Affiliate of such Person.

  • 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.

  • 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.

  • 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.

  • Resettlement Plan or “RP” means the resettlement plan for the Project, including any update thereto, prepared and submitted by the Borrower and cleared by ADB;

  • 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.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any interest or other amounts earned thereon.

  • Settlement Day means the Business Day which is 2 Business Days after the relevant Dealing Day (or such Business Day as is permitted in relation to such Dealing Day pursuant to the Operating Guidelines) or such other number of Business Days after the relevant Dealing Day as determined by the Manager in consultation with the Trustee from time to time and notified to the relevant Participating Dealers or as otherwise described in the relevant Appendix.

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

  • Individual Settlement Payment means the amount payable from the Net

  • Settlement Interval has the meaning set forth in the CAISO Tariff.

  • Settlement Administrator means the third party settlement administrator proposed by the Parties, as approved by the Court.

  • judgment creditor means the person in whose favour the judgment was given, and includes any person in whom the rights under the judgment have become vested by succession or assignment or otherwise;

  • Settlement Class Member means each person and entity who or which is a member of the Settlement Class.

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Settlement Lien means any Lien relating to any Settlement or Settlement Indebtedness (and may include, for the avoidance of doubt, the grant of a Lien in or other assignment of a Settlement Asset in consideration of a Settlement Payment, Liens securing intraday and overnight overdraft and automated clearing house exposure, and similar Liens).

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.