Settling Supplier Refund Escrow definition

Settling Supplier Refund Escrow means the escrow identified in Section 4.1.1.4 and established pursuant to Section 4.1.4.
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Settling Supplier Refund Escrow means that interest-bearing escrow fund estab- lished pursuant to Section 4.1.4.
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Settling Supplier Refund Escrow means that interest-bearing escrow fund established pursuant to Section 4.1.4.
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Examples of Settling Supplier Refund Escrow in a sentence

  • Amounts remaining in the Settling Supplier Refund Escrow, after payments are made to the Parties and Additional Settling Participants pursuant to this Agreement, may be allocated and distributed to the California Utilities and CERS as provided in Section 5.5 to offset the costs associated with assuming these obligations.

  • Each Party shall reasonably and in good faith cooperate with each other and the ISO and PX and take all reasonable steps to secure (i) the release and transfer of funds to the Settling Supplier Refund Escrow and California Litigation Escrow as contemplated by this Agreement, (ii) the accounting treatment contemplated under this Article VI, and (iii) any other acts of the PX or the ISO necessary to effectuate the terms of this Agreement.

  • Such proceeds will be distributed from the Settling Supplier Refund Escrow to each of the Settling Participants that are not Deemed Distribution Participants.

  • The Settling Supplier Refund Escrow shall be maintained in a commercially reasonable interest-bearing account.

  • Sections 4.1.5, 4.1.6, 5.3, 5.6, and 5.7.The California Parties are responsible for the costs associated with establishing and maintaining the Settling Supplier Refund Escrow.

  • The California Parties shall identify for the ISO and PX the amounts of any Deemed Distributions, as provided in Section 5.2.2.4.1.1.4 Transfer by PX to Settling Supplier Refund Escrow.

  • The PX and ISO shall reflect on their books and records all distributions from the PX Settlement Clearing Account to the Settling Supplier Refund Escrow that represent payments of amounts owed by the ISO to Settling Supplier for the Settling Supplier Receivables.

  • Settling Participants classified as Net Refund Recipients will receive their allocated distributions in the form of cash payments from the Settling Supplier Refund Escrow.

  • The costs and maintenance of the Settling Supplier Refund Escrow and the California Litigation Escrow (including related accounting costs) shall be borne by the California Parties.

  • Settling Supplier consents to any combination of the Settling Supplier Refund Escrow and the California Litigation Escrow with other similar escrows being established by the California Parties pursuant to the terms of an escrow agreement that is used for purposes of this Agreement and for settlement agreements with other parties.

Related to Settling Supplier Refund Escrow

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Purchase Price Allocation Schedule has the meaning set forth in Section 5.11(f)(ii).

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Adjustment Escrow Amount means $1,000,000.

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Allocation Schedule has the meaning set forth in Section 2.07.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Professional Fee Escrow Amount means the aggregate amount of Professional Fee Claims and other unpaid fees and expenses Professionals estimate they have incurred or will incur in rendering services to the Debtors prior to and as of the Confirmation Date, which estimates Professionals shall deliver to the Debtors as set forth in Article II.C hereof.

  • Purchase Price Allocation has the meaning set forth in Section 2.6(a).

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Company, Xxxx Capital Partners, LLC and the escrow agent (the “Escrow Agent”) identified therein, in the form of Exhibit B hereto.

  • Unallocated annuity contract means any annuity contract or group annuity certificate which is not issued to and owned by an individual, except to the extent of any annuity benefits guaranteed to an individual by an insurer under such contract or certificate.

  • Completion Accounts has the meaning given in Paragraph 4.1, 4.2(A) or 4.2(B) (as applicable) of Part A of Schedule 8 (Completion Accounts);

  • Escrow Items means those items that are described in Section 3.

  • Undisputed Amounts has the meaning set forth in Section 2.04(c)(iii).

  • Prepayment Charge Schedule As of any date, the list of Prepayment Charges included in the Trust Fund on such date, attached hereto as Schedule 2 (including the prepayment charge summary attached thereto). The Prepayment Charge Schedule shall set forth the following information with respect to each Prepayment Charge:

  • 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.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Disputed Amount means an amount which Customer disputes. A Disputed Amount may relate to the whole or part of an invoice(s).

  • Indemnity Escrow Agreement has the meaning set forth in Section 1.5.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Disputed Items has the meaning set forth in Section 3(b)(3)(A).