Termination Settlement Statement definition

Termination Settlement Statement means the statement substantially in the form set forth on Exhibit B.
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Termination Settlement Statement means a statement setting forth, in reasonable detail, the summary information for each transaction entered into pursuant to this Agreement during the Term and the related calculations made pursuant to the terms of this Agreement.
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Termination Settlement Statement means a statement identifying the payment due from Energy Manager to MMC or from MMC to Energy Manager when this Agreement is terminated, calculated pursuant to Sections 8.1 and 8.3.
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Examples of Termination Settlement Statement in a sentence

  • As soon as reasonably practicable following either delivery of the Termination (Default) Notice or the Early Termination Date, the non-defaulting Party or the non-terminating Party, as the case may be, will calculate and deliver the Termination Settlement Statement to the other Party, reflecting the unpaid amounts owing to the Party delivering such statement and the unpaid amounts owing to the other Party.

  • Each Party shall render to the other Party by wire transfer payment in immediately available funds, the amount due under the Termination Settlement Statement within two (2) Business Days following delivery of the Termination Settlement Statement by the second Party to provide the settlement statement.

  • Unless otherwise provided in the Master Netting Agreement, the Party owing the greater aggregate amount shall pay the difference between the amounts owed to the other Party by wire transfer in immediately available funds within two (2) Business Days of delivery of the Termination Settlement Statement.

  • In no event shall calculation and payment of the Termination Settlement Statement delay the Termination Date.

  • In no event shall calculation and payment of the Termination Settlement Statement delay the Default Termination Date or the Early Termination Date, as the case may be.

  • In the event of any such termination of this Agreement the parties shall settle activity with respect to Sold Receivables in accordance with the methodology set forth in the Termination Settlement Statement set forth in Exhibit B until such time as Buyer’s owned balance of Receivables (excluding all Uncollectible Receivables) is brought down to zero.

  • The Party owing the greater aggregate amount shall pay the difference between the amounts owed to the other Party by wire transfer in immediately available funds within two (2) Business Days of delivery of the Termination Settlement Statement.

  • The Party owing the greater aggregate amount shall pay the difference between the amounts owed to the other Party by wire tr ansfer in immediately available funds within two (2) Business Days of delivery of the Termination Settlement Statement.

  • In no event shall calculation and payment of 24 the Termination Settlement Statement delay the Default Termination Date or the Early Termination Date, as the case may be.


More Definitions of Termination Settlement Statement

Termination Settlement Statement means a statement setting forth, in reasonable detail, the summary information for each transaction entered into pursuant to this Agreement during the Term and the related calculations made pursuant to the terms of this Agreement. “Transfer” means payment or delivery by wire transfer to Party’s bank account as specified in Section 14.9 in immediately available funds not later than (i) if a demand for the Transfer is made by the Notification Time, then the relevant Transfer will be made not later than the close of business on the next Business Day; and (ii) if a demand is made after the Notification Time, then the relevant Transfer will be made not later that the close of business on the second (2nd) Business Day following demand by such Party. 7 “Tri-Party Agreement” has the meaning set forth in the fourth Whereas clause of this Agreement. “TUA Agreement” has the meaning set forth in the first Whereas clause of this Agreement. “Valuation Date” means each Business Day during the Term. “Valuation Time” means the close of business (5:00 p.m.) in New York, New York on the Business Day immediately preceding the Valuation Date or date of calculation, as applicable. “Volume Statement Report” has the meaning set forth in Section 3.1. 1.2
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Related to Termination Settlement Statement

  • Final Settlement Statement has the meaning set forth in Section 2.6(b).

  • Termination Settlement Date means, for any Terminated Obligation, the date customary for settlement, substantially in accordance with the then-current market practice in the principal market for such Terminated Obligation (as determined by the Calculation Agent), of the sale of such Terminated Obligation with the trade date for such sale occurring on the related Termination Trade Date.

  • Preliminary Settlement Statement shall have the meaning given such term in Section 3.2.

  • Settlement Statement has the meaning set forth in Section 3.2(a).

  • Payment Statement As defined in Section 6.01 hereof.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Adjustment Statement has the meaning set forth in Section 2.6(a).

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 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.

  • Final Settlement Date has the meaning set forth in Section 2.4(c).

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Final Adjustment Statement has the meaning set forth in Section 2.6(c).

  • Share Termination Settled in relation to the Transaction means that the Share Termination Alternative is applicable to the Transaction.

  • Final Redemption Settlement Date means the day that falls three Currency Business Days after the Final Redemption Date.

  • Scheduled Settlement Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Subscription Settlement Date means the second Valuation Date after the Subscription Trade Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Final Payment Statement shall have the meaning set forth in Clause 19.13;

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Individual Settlement Payment means the amount payable from the Net

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;