Settlement Limit definition

Settlement Limit means an amount equal to ten percent (10%) of the Company’s “free cash flow” as shown on the Company’s accumulation financial measures that form part of the Company’s financial statements as of December 31 of the preceding year. The purpose of the Settlement Limit is to ensure that the total amount payable by the Company pursuant to the exercise or settlement of all outstanding Awards and any Non-Plan Awards in any calendar year does not exceed the Settlement Limit. For avoidance of doubt, except as may be expressly provided under the Plan document or an Agreement issued thereunder (or an amendment thereto), the Settlement Limit applies to all Awards and other long-term incentive awards granted by the Company that have been, are being, or reasonably could be expected to be, exercised or settled during the calendar year. Application of the Settlement Limit, including reductions thereto (and corresponding definitions associated with such reductions), are addressed in Section 4.1.

Settlement Limit nor shall Borrower permit the total gross amount of all Exchange Contracts to which Borrower is a party, outstanding at any one time, to exceed the lesser of the (i) Contract Limit and (ii) lesser of (A) the Committed Revolving Line minus all outstanding Credit Extensions and (B) the Borrowing Base minus all outstanding Credit Extensions. Notwithstanding the above, however, the amount which may be settled on any one (1) Business Day may be increased above the Settlement Limit up to, but in no event to exceed, the amount of the Contract Limit under either of the following circumstances:

Settlement Limit means $15,863,535.93.

Examples of Settlement Limit in a sentence

• Trading limits are based on Net Daily Settlement Limit (“DSL NET”) and/or Net Open Position (“NOP”).

• Any Converted CSAR under this Award that is an Expiring CSAR, a Death/Disability Accelerated CSAR or an Early Retirement Accelerated CSAR will be deemed exercised and will be automatically settled as of the Expiration Date (without regard to the Settlement Limit under Section 4.1 of the Plan).

• With respect to the Specified Counterparty Transactions for each Agent, this authority is expressly limited to a Net Daily Settlement Amount equal to the Settlement Limit specified in the applicable Notice (or its equivalent in any other currency) (the “Settlement Limit”) and a Counterparty Net Open Position equal to the Maximum Counterparty Net Open Position specified in the applicable Notice (or its equivalent in any other currency) (the “Maximum Counterparty Net Open Position”).

• The Settlement Limit and the Maximum Counterparty Net Open Position shall apply only to Specified Counterparty Transactions entered into between DBAG and the Counterparty, acting through the Counterparty Branch.

• If Sub-Merchant wishes to initiate an Entry through Fattmerchant that would cause the amount of In-Process Entries to exceed the Entry Settlement Limit, Sub-Merchant may submit to Fattmerchant its request to initiate an Entry that otherwise would be an Overlimit Entry.

More Definitions of Settlement Limit

Settlement Limit means the maximum amount of the Price outstanding and

Settlement Limit means Five Million, Five Hundred Thousand Dollars ($5,500,000.00).

Settlement Limit means, with respect to Settlement Per Amount, the standard of amount for settlement which shall trigger settlement; Settlement Threshold Means, with respect to Settlement Per Period, the lowest standard of amount for settlement which may trigger settlement;

Settlement Limit means the settlement limit as defined in paragraph l.0l(m) of the Accounting Procedure;

Settlement Limit means twenty-five thousand ($25,000.00) Dollars;

Settlement Limit means the maximum amount of the Price outstanding and ---------------- unpaid by all of the Purchasers to the Supplier hereunder at any one time being US $1,000,000 or such other amount as the parties may agree in writing;

Settlement Limit means $15,471,994.45.