Settlement Interest definition

Settlement Interest means, with respect to any payment required to be made pursuant to Section 3.2(c) (a “Settlement Payment”), the sum of accrued interest on the amount of such Settlement Payment, calculated at the Settlement Rate as from time to time in effect, for the period from the Closing Date to and including the date upon which such Settlement Payment is made (calculated on the basis of the actual number of days elapsed in a year of 365 or 366 days, as the case may be).
Sample 1Sample 2Sample 3
Settlement Interest. — means, with respect to any payment required to be made pursuant to Section 3.2(c) (a “Settlement Payment”), the sum of accrued interest on the amount of such Settlement Payment, calculated at the Settlement Rate as from time to time in effect, for the period from the Closing Date to and including the date upon which such Settlement Payment is made (calculated on the basis of the actual number of days elapsed in a year of 365 or 366 days, as the case may be).
Sample 1Sample 2Sample 3
Settlement Interest means the amount of accrued interest on the Settlement Payment calculated at the Settlement Rate, as in effect on the Settlement Date for the period from the Cut-Off Date to, but not including, the date upon which the Settlement Payment is made (calculated on the basis of the actual number of days elapsed in a year of 365 or 366 days, as the case may be).
Sample 1

Examples of Settlement Interest in a sentence

  • Any amounts paid under Section 8.3 or Section 8.5, shall bear interest for the period from and including the day following Bank Closing to and including the day preceding the payment at the Settlement Interest Rate.

  • The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

  • The Assuming Bank or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(d) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

  • On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

  • On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of the Bank Closing Date) from and including the day following the Bank Closing Date to and including the day preceding the Payment Date at the Settlement Interest Rate.

  • The Assuming Bank or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(e) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

  • On the Payment Date, the Assuming Bank will pay to the Corporation, or the Corporation will pay to the Assuming Bank, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

  • The Assuming Institution or the Receiver, as the case may be, shall pay the purchase price determined pursuant to this Section 3.4(e) not later than the twentieth (20th) Business Day following the applicable Put Date, together with interest on such amount at the Settlement Interest Rate for the period from and including such Put Date to and including the day preceding the date upon which payment is made.

  • On the Payment Date, the Assuming Institution will pay to the Corporation, or the Corporation will pay to the Assuming Institution, as the case may be, the Initial Payment, together with interest on such amount (if the Payment Date is not the day following the day of Bank Closing) from and including the day following Bank Closing to and including the day preceding the Payment Date at the Settlement Interest Rate.

  • Any amounts paid under Section 8.3 or Section 8.5 shall bear interest for the period from and including the day following the Bank Closing Date to and including the day preceding the payment at the Settlement Interest Rate.


More Definitions of Settlement Interest

Settlement Interest means interest on (i) the Purchaser Adjustment Amount, if such amount is greater than zero, at a rate per annum equal to the LIBOR Rate for the Expiration Date, for the period from and including the Expiration Date to but excluding the Settlement Date or other date when the Purchaser Adjustment Amount is paid; provided that Settlement Interest shall be zero (0) if the Purchaser pays the Purchaser Adjustment Amount in cash on the Final Settlement Date (without any extension pursuant to the definition of Final Settlement Date) in accordance with Section 3.01(e) hereof or (ii) the Seller Adjustment Amount, if such amount is greater than zero, at a rate per annum equal to the LIBOR Rate for the Expiration Date, for the period from and including the Expiration Date to but excluding the Settlement Date or other date when the Seller Adjustment Amount is paid; provided that Settlement Interest shall be zero (0) if the Seller pays the Seller Adjustment Amount in cash on the Final Settlement Date (without any extension pursuant to the definition of Final Settlement Date) in accordance with Section 3.01(e) hereof.
Sample 1
Settlement Interest means interest on the applicable Adjustment Amount at a rate per annum equal to the LIBOR Rate for the applicable Adjustment Date, for the period from and including the applicable Adjustment Date to but excluding the applicable Settlement Date or other date when the applicable Adjustment Amount is paid. “Settlement Price” means, for any Purchase Date, the total price paid by Seller for shares of Common Stock purchased pursuant to Section 4.01(a) or Section 4.01(b). “Settlement Price per Share” means, for any Purchase Date, the Settlement Price for such Purchase Date, divided by the Daily Share Purchase Amount for such Purchase Date. “Share Deficit Notice Date” has the meaning set forth in Section 3.04(a). “Share De-listing Event” has the meaning set forth in Section 7.01(c). “Shelf Registration Request” has the meaning set forth in Section 3.06. “Strike Adjustment Amount” means an amount (which may be positive or negative), with respect to any Adjustment Date, equal to (i) the sum of the Strike Adjustment Amount Calculations for each day in the related Adjustment Period, divided by (ii) the sum of the Daily Share Purchase Amounts for each Purchase Date occurring during such Adjustment Period. 10
Sample 1
Settlement Interest means the amount of accrued interest on the Purchase Price (subject to Section 2.4(b)(ii) hereof) calculated at the Settlement Rate, as in effect on the date prior to the Funding Date for the period from the Effective Closing Date to, but not including, the Funding Date (calculated on the basis of the actual number of days elapsed in a year of 365 or 366 days, as the case may be).
Sample 1

Related to Settlement Interest

  • Investment interest means investment interest as defined in section 163(d)(3) of the Internal Revenue Code.

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour.

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

  • 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.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 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.

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