Common use of Fixed Payment Clause in Contracts

Fixed Payment. On the Effective Date of this Agreement, Hurt shall transfer to the United States, Trustee, and/or their agent(s) the balance of Defendants’ liquid assets, which is currently estimated to be three million, seven hundred and sixty-one thousand, four hundred and forty-nine dollars, and sixty-eight cents ($3,761,449.68), after excluding the “Forfeited Amount” in Paragraph 1(c), below, and approximately eight hundred and twenty-nine thousand, two hundred and forty-two dollars, and eighty-eight cents ($829,242.88) of expenses owed by Defendants, which Defendants will pay within seven (7) business days of the Effective Date of this Agreement from funds held in the ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ trust account. Any funds in the ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ trust account in the name of Defendants that are not paid toward these expenses will be remitted to the United States under the terms of this Agreement.