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.
Individual Settlement Payment means the amount payable from the Net
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.
Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:
Payment Claim means the claim for payment made by the Supplier in accordance with this Contract.
Settlement Amount has the meaning specified in Section 14.02(a)(iv).
Debit Payment means a particular transaction where a debit is made.
Settlement Class means, in respect of each Proceeding, the settlement class defined in Schedule A.
Settlement Price means the agreed upon price at which to purchase and sell a specified type and quantity of a commodity.
Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.
Settlement Receivable means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person.
Adjustment Payment shall have the meaning specified in Section 3.09(a).
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 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.
Installment Payment Date means the date on which an installment payment of an assessment is payable.
Settlement Administrator means the administrator proposed by the Parties and appointed by the Court to administer the Settlement.
Payment card means a credit card, charge card, debit card, or any other card that is issued to an authorized card user and that allows the user to obtain, purchase, or receive goods, services, money, or anything else of value from a merchant.
Installment Payments shall have the meaning set forth in Section 5(b)(ii).