Settlement Fees definition

Settlement Fees means the fees charged by a recognised bank for the processing and settlement of the merchant or any other funds.
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Settlement Fees means any fees, fines, penalties or sanctions paid by an Insured to a governmental authority pursuant to a Settlement Program for the actual or alleged inadvertent non-compliance by a Plan with any statute, rule or regulation. Settlement Fees does not include: (1) any costs to correct the non-compliance, or any other charges, expenses, taxes or damages; or (2) any fees, fines, penalties or sanctions relating to a Plan, which, as of the earlier of the Inception Date of this Policy stated in ITEM 2(a) of the Declarations or the inception of the first policy in an uninterrupted series of policies issued by the Underwriter of which this Coverage Section is a direct or indirect renewal or replacement, any Insured Person knew to be actually or allegedly non-compliant.
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Settlement Fees mean any fees, penalties or sanctions imposed by law under a Settlement Program that any Insured becomes legally obligated to pay as a result of a Wrongful Act. Settlement Fees shall not include any costs or expenses other than such fees, penalties or sanctions.
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Examples of Settlement Fees in a sentence

  • The Underwriter shall pay, on behalf of the Insureds, Settlement Fees and Defense Expenses with respect to a Settlement Program Notice first given to the Underwriter during the Policy Period or applicable Extended Reporting Period; provided, that such Settlement Fees and Defense Expenses are incurred after such Settlement Program Notice is first given to the Underwriter.

  • If Settlement Program Coverage is granted in ITEM 3 of the Declarations, the Insurer shall pay Settlement Fees on behalf of the Insureds resulting from a Settlement Program for which a Settlement Program Notice is received by the Insurer during the Policy Period or Discovery Period, if applicable, for a Wrongful Act by the Insureds.

  • Transaction Settlement Fees: Payment of SAR 140.63 to the Custodian in return for the settlement of all the executed transactions on the shares of any company the Fund invested therein, either by sale or purchase at any single date.

  • The Insured will not enter into a Voluntary Settlement Program or incur any Voluntary Settlement Fees or Defense Expenses in connection with a Voluntary Settlement Program Notice without the Insurer’s prior written consent, such consent not to be unreasonably withheld.

  • Prior to the funding of the Cash Fund, Defendants will make payments necessary to cover the costs of Class Notice and other Settlement Fees and Expenses.

  • The Insurer will pay no Voluntary Settlement Fees or Defense Expenses with respect to any Claim or investigation in connection with a Voluntary Settlement Program, of which any Insured first became aware or received notice prior to the applicable Prior and Pending Litigation Date set forth in Item 4.

  • Late Registration and Late Settlement Fees First week: $100 Second week: $100 Third week: $100 The university assesses a 1% monthly finance charge on all past-due balances.By registering for classes, you enter into a legally binding financial obligation for all charges on your student account.

  • Settlement Programs The Insurer shall pay on behalf of the Insureds, Settlement Fees incurred by the Insureds in connection with a Settlement Program Notice; provided that the Insureds’ participation in any Settlement Program commences during the Policy Period or the Extended Reported Period (if applicable).

  • Other fees and expenses as specified in this Agreement or as may otherwise be provided in Schedule A, including, upon each occurrence, Expedited Settlement Fees.

  • Late Registration and Late Settlement Fees First week: $100 Second week: $100 Third week: $100 The university assesses a 1% monthly finance charge on all past-due balances.By registering for classes, you enter into a legally binding financial obligation for all charges on your student account.


More Definitions of Settlement Fees

Settlement Fees has the meaning assigned to such term in Section 8.2.
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Settlement Fees means any fees, fines, penalties or sanctions imposed by law under a Settlement Program that an Insured becomes legally obligated to pay as a result of a Wrongful Act. Settlement Fees also mean the reasonable and necessary legal fees and expenses incurred by the Insured in connection with a Settlement Program; provided that Settlement Fees do not include the wages, salaries, fees or any other compensation paid to an Insured.
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Settlement Fees means any fees, penalties or sanctions imposed by law under a Settlement Program that any Insureds become legally obligated to pay as a result of a Wrongful Act. SPECIMENSettlement Fees shall not include costs of corrections, other than fees or penalties.
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Settlement Fees means any:
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Settlement Fees means any fees, penalties or sanctions imposed by law under a "settlement program" that any "insured" becomes legally obligated to pay as a result of a "wrongful act". The "settlement fees" shall not include any costs or expenses other than such fees, penalties or sanctions.
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Related to Settlement Fees

  • 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.

  • Management Fees means, with respect to each Project for any period, an amount equal to the greater of (i) actual management fees payable with respect thereto and (ii) three percent (3%) per annum on the aggregate base rent and percentage rent due and payable under leases at such Project.

  • Tax Fees means the aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s external auditor for tax compliance, tax advice and tax planning.

  • Upfront Fees means, with respect to any Receivable, the sum of any fees charged by Holdings or the Receivables Account Bank, as the case may be, to a Receivables Obligor in connection with the disbursement of a loan, as set forth in the Receivables Agreement related to such Receivable, which are deducted from the initial amount disbursed to such Receivables Obligor, including the “Origination Fee” set forth on the applicable Receivable Agreement.

  • Agent Fees has the meaning assigned to such term in Section 2.10(c).

  • Closing Fees means those fees required to be paid on the Closing Date pursuant to the Fee Letter.

  • Consent Fees With respect to any Serviced Loan, any and all fees actually paid by a Mortgagor with respect to any consent or approval (or review thereof) required or requested pursuant to the terms of the Loan Documents that does not involve a modification evidenced by a signed writing, assumption, extension, waiver or amendment of the terms of the Loan Documents.

  • 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.

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

  • Monthly Fees means, collectively, [INSERT FOR HFS: the Monthly Food and Beverage Fee,] the Monthly Program Fee and the Monthly Royalty Fee, each of which is set forth in the Addendum. [INSERT FOR HFS: “Monthly Food and Beverage Fee” means the fee we require from you in Subsection 8.2, which is set forth in the Addendum.]

  • Late Payment Fee means the excess of the Price Differential paid as a result of its calculation at the Post-Default Rate over the Price Differential as would have been calculated at the Pricing Rate.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Management Fee shall have the meaning set forth in Section 10(a).

  • Commitment Fees has the meaning set forth in Section 2.11(a).

  • L/C Fees has the meaning set forth in Section 3.4(c).

  • Enrolment Fee means the fee paid by the Parent(s)/Guardian(s) to cover all the administrative costs involved in enrolling a Student at the School. It is not refundable, and it is not offset against any other fees.

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Transaction Fees means fees paid or payable by the Service Recipients, which are on market terms, with respect to financial advisory services ordinarily carried out by investment banks in the context of mergers and acquisitions transactions.

  • Deferred Sales Charge Payment Date means October 10, 2013 and the tenth day of each month thereafter through February 10, 2014.

  • Contract Adjustment Payments means the payments payable by the Company on the Special Payment Date or the Payment Dates in respect of each Purchase Contract, at a rate per year of [•]% of the Stated Amount per Purchase Contract.

  • Placement Fee has the meaning given thereto in Section 2(a) hereof;

  • Settlement Value means the amount which the holder of a Contract may receive for a Contract held until Expiration. The Settlement Value of a Binary Contract is $100. The Settlement Value of a Variable Payout Contract is determined as described in the definitions of Long and Short Variable Payout Contracts.

  • Expense Fees As to each Mortgage Loan, the sum of the Servicing Fee and the Trustee Fee.

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

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

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.