Settlement Sum definition

Settlement Sum means: (a) if the Claim relates to any period of time during which the Vehicle is not available for use during the Term in circumstances where we are liable for such unavailability: an amount equal to the Daily Hire Charge multiplied by the number of full days during the relevant period;

Settlement Sum means three million five hundred thousand dollars ($3,500,000.00).

Settlement Sum means the sum of: (1) the amount of a proposed compromise or settlement of an Indemnifiable Claim agreed to by all parties to such Indemnifiable Claim (other than the Indemnified Party); and (2) the amount of all other Indemnified Losses to which the Indemnified Party is entitled with respect to such Indemnifiable Claims outstanding at the expiration of the thirty day calendar period beginning on the date on which the last Compromise Notice relating to such indemnified claim has been received by the Indemnified Party;

Examples of Settlement Sum in a sentence

• All Residual Liens which are not the responsibility of the Respondents under clause8.2 will be the responsibility of the respective Group Members affected by any such Residual Liens and (subject to the other requirements of this clause 8) will be paid from the Settlement Sum.

• The payment of the Fast Track Resolution does not affect the Group Member’s rights to have their Residual Liens paid from the Settlement Sum in accordance with clause 8, in addition to the Fast Track Resolution.

• Upon the Approval Order being made and the Respondents paying the Settlement Sum into the Settlement Account pursuant to clause 3.1 of the Deed, and subject to the terms of the Deed and any applicable statutory requirements, the Administrator will hold the money standing from time to time in the Settlement Account on trust for Group Members.

• The foregoing payments and benefits will be referred to collectively as the “Settlement Sum,” and the parties hereto agree that the Settlement Sum provides Employee with full recompense for any and all claims for lost or unpaid wages, benefits, damages, interest and any other claim related to Employee’s employment or to the separation of such employment.

• Employee acknowledges and agrees that Mindspeed is permitted to disclose this Agreement and the Settlement Sum in order to comply with any Securities and Exchange Commission or stock exchange disclosure requirements.

More Definitions of Settlement Sum

Settlement Sum means Thirty-Eight Million Two Hundred Twenty-Five Thousand Dollars ($38,225,000) as described in Section XI.A. of this Settlement Agreement.

Settlement Sum means the aggregate of: the Termination Sum; and the Total Loss Value of the Vehicle, less any monies actually received and retained by the Supplier as payment from the Customer's insurers for the Total Loss;

Settlement Sum means $7,200,000. The Settlement Sum represents the maximum possible payment by Defendant under this Agreement from which payments for all (a) Approved Claims to Class Members, (b) Settlement Administration Expenses, (c) CAFA Notice, and (d) any Fee Award, will be made.

Settlement Sum means the Maximum Settlement Amount described in paragraph 2,

Settlement Sum means an amount equal to the accrued interest recorded in each Client’s Accrued Interest Capital and Income Ledger and Accrued Interest Income Ledger (if any) when business opens on each

Settlement Sum means the aggregate of:

Settlement Sum means the maximum of three million eight hundred thousand dollars and zero cents ($3,800,000) that Defendant will make available to resolve the Action. The Settlement Sum represents Defendant’s all-inclusive, sole, exclusive, and full payment for all monetary consideration of any kind whatever to Plaintiffs, Class Representatives, Settlement Class Members, and Class Counsel, including the total amount of monetary relief available to Settlement Class Members for payment of all Valid Claims, for Class Representative Service Awards, and for Class Counsel’s Fee Award. The Settlement Sum does not include reasonable Administration Expenses. Defendant shall not, under any circumstances, be obligated to pay any other additional amounts beyond the Settlement Sum and the Administration Expenses. Defendant need not segregate funds or otherwise create special accounts to hold the Settlement Sum and will not relinquish control of any money until payments are due as set forth in the Settlement Agreement. The Parties agree that any and all undistributed funds—that is, funds not used to pay the Valid Claims, awarded Class Representative Incentive Awards, and the awarded Fee Award—will remain with Defendant and uncashed checks will promptly revert to Defendant. The Settlement Sum amount and structure are material terms of this Agreement.