Settlement Escrow definition

Settlement Escrow means an account established by the Settlement Administrator to hold the Settlement Amount paid by SkyZone under Section C hereof, and from which amounts due pursuant to this Agreement will be paid.
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Settlement Escrow means an escrow account established by the Administrator for the purpose of receiving the Settlement Fund and from which the Administrator will issue payments to effectuate this Settlement Agreement.
Sample 1
Settlement Escrow means that certain $2.5 million escrow established by the Debtors for the benefit of the Debtors’ unsecured creditors and the beneficiaries of the Litigation Trust pursuant to the UCC- LT Settlement Order.
Sample 1

Examples of Settlement Escrow in a sentence

  • In addition to the accounting described above, the Settlement Administrator will provide to Class Counsel and Defendant’s Counsel an accounting of the Settlement Escrow 60, 100, and 120 days after the Effective Date, as well as on the date that the Settlement Administrator’s services are concluded.

  • Within thirty (30) days after the Court enters Final Approval, the Settlement Administrator shall provide Class Counsel and Defendant’s Counsel an accounting of the Settlement Escrow, a calculation of the Net Settlement Fund, and a calculation of the Award.

  • The funds in the Settlement Escrow shall be deemed a “qualified settlement fund” within the meaning of United States Treasury Reg.

  • The Settlement Administrator will provide Class Counsel and Defendant’s Counsel monthly invoices for all services rendered and may distribute from the Settlement Escrow the full amount of each invoice within seven (7) days after submitting such invoice if no objection is raised to the charges listed on the invoice.

  • The Settlement Escrow shall indemnify and hold Innovative Heights and Defendant’s Counsel and Plaintiff and Class Counsel harmless for all Taxes (including, without limitation, Taxes payable by reason of any such indemnification).

  • In exchange for the mutual promises and covenants in this Agreement, including, without limitation, the Releases set forth in Section K, the dismissal of the claims against CenterEdge in the Action upon Final Approval, and granting of CenterEdge’s Motion for Good Faith Finding of Settlement, CenterEdge agrees to pay the Settlement Amount into the Settlement Escrow.

  • The Settlement Escrow shall indemnify and hold CenterEdge and Defendant’s Counsel and Plaintiff and Class Counsel harmless for all Taxes (including, without limitation, Taxes payable by reason of any such indemnification).

  • Within ten (10) days after the Preliminary Approval Date, Innovative Heights will deposit the Settlement Amount into the Settlement Escrow pursuant to the payment instructions of the Settlement Administrator.

  • Within ten (10) days after the Preliminary Approval Date, CenterEdge will deposit the Settlement Amount into the Settlement Escrow pursuant to the payment instructions of the Settlement Administrator.

  • In exchange for the mutual promises and covenants in this Agreement, including, without limitation, the Releases set forth in Section J, and the dismissal of the claims against Innovative Heights in the Action upon Final Approval, Innovative Heights agrees to pay the Settlement Amount into the Settlement Escrow.

Related to Settlement Escrow

  • 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.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • 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.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • 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.

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • 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.

  • Indemnification Escrow Amount has the meaning set forth in Section 2.2(b).

  • Escrow Payment Any payment received by the Master Servicer or the Special Servicer for the account of any Mortgagor for application toward the payment of real estate taxes, assessments, insurance premiums, ground lease rents and similar items in respect of the related Mortgaged Property, including amounts for deposit to any reserve account.

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

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.