Settlement Payment definition

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 Payment. ’ means a prelimi- nary settlement payment, a partial settlement payment, an interim settlement payment, a settlement payment on account, a final settle- ment payment, or any other similar payment commonly used in the securities trade; and

Settlement Payment means the payment to be made via mailed check and/or electronic payment to a Participating Settlement Class Member from the Settlement Administrator from the Settlement Fund.

Examples of Settlement Payment in a sentence

• In the alternative to the Documented Ordinary Loss Payment, Lost Time Payment, Documented Extraordinary Loss Payment, and the Credit Monitoring benefit, Class Members who are not California residents may submit a claim to receive a pro rata Settlement Payment in cash of $250 (“Alternative Cash Payment”).

• Settlement Class Members will be provided the option to receive any Settlement Payment due to them pursuant to the terms of this Settlement Agreement via various electronic methods.

• California Class Members may submit a claim to receive a pro rata Settlement Payment in cash of $400 (in recognition of their superior statutory claims).

• The Settlement Administrator shall have the authority to determine whether a Claim Form is valid, timely, and complete and whether Settlement Class Members are eligible for a Settlement Payment.

• The Settlement Administrator shall only make one attempt to re-issue a Settlement Payment.

More Definitions of Settlement Payment

Settlement Payment means an Up-MACRO Settlement Payment or a Down-MACRO Settlement Payment, as applicable.

Settlement Payment or “Settlement Check” mean the payment to be made via mailed check to a Participating Settlement Class Member pursuant to Paragraph 40.

Settlement Payment means any payment to be made to any Class Member on Approved Claims pursuant to Section 3.2 herein.

Settlement Payment means a payment made pursuant to Section 2.1(c).

Settlement Payment means an Up Settlement Payment or a Down Settlement Payment, as applicable.

Settlement Payment means a pro rata portion of the Settlement Fund less any Fee Award, incentive award to the Class Representative, and Settlement Administration Expenses.

Settlement Payment means the amount equal to the Net Settlement Fund divided by the number of Settlement Class Members.