Order of Settlement Clause Samples

Order of Settlement. Transactions are not always processed in the order in which you make them. The order in which the transactions are received and processed can affect the Available Balance of your account and the total amount of overdraft fees assessed to your account. Transactions are processed in the order we receive them for settlement. Multiple overdraft fees may be charged if multiple overdraft transactions are authorized on the same day. It is important to keep track of the Available Balance of your account because it is your responsibility to determine if you have overdrawn your account, the day and time the overdraft transaction occurred, and the amount of any Card purchase transactions authorized and paid pursuant to Overdraft Protection.
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Order of Settlement. Unless expressly notified to the contrary by the Company, it shall be assumed that dispositions made by the Company in relation to a Consenting Beneficiary pursuant to the Common Terms shall be made in settlement of: 9.10.1 first, Legal Claims for Money (if any) (excluding Income Amounts (if any)); 9.10.2 then, Legal Claims for Securities (if any); and 9.10.3 lastly, Income Amounts (if any),
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Order of Settlement. If the Company is liquidated (including but not limited to liquidation or bankruptcy liquidation), the order of settlement of the principal and interest of the perpetual securities under the Perpetual Securities Agreement shall be after the ordinary securities issued and other debts of the Company. The Company shall settle the perpetual securities in order of the fees, liquidated damages, compensation, deferred interest and principal amount accordingly when it pays all or a portion of corresponding amount of the perpetual securities to YHTH and YEPI in accordance with the Perpetual Securities Agreement. If the amount repaid by the Company is insufficient to cover all the amounts in the same sequence, the Company will settle the amounts in the order in which they were incurred, and the amounts will be repaid on a pro rata basis if they were incurred at the same time.
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Order of Settlement. As amounts on Default Amounts are received by the ISO, the oldest outstanding amount will be settled first in the order of the creation of such debts.
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Related to Order of Settlement

  • Time of Settlement RSUs shall be settled promptly upon expiration of the Restricted Period without forfeiture of the RSUs (i.e., upon vesting), but in any event within 60 days after expiration of the Restricted Period, by delivery of one share of Common Stock for each RSU being settled, or, at the discretion of the Company, the cash equivalent thereof; provided, however, that settlement of an RSU shall be subject to Plan Section 11(k), including if applicable the six-month delay rule in Plan Sections 11(k)(i)(C)(2) and 11(k)(i)(G); provided further, that no dividend or dividend equivalents will be paid, accrued or accumulated in respect of the period during which settlement was delayed. (Note: This rule may apply to any portion of the RSUs that vest after the time you become Retirement eligible under the Plan, and could apply in other cases as well). Settlement of RSUs which directly or indirectly result from adjustments to RSUs shall occur at the time of settlement of, and subject to the restrictions and conditions that apply to, the granted RSUs. Settlement of cash amounts which directly or indirectly result from adjustments to RSUs shall be included as part of your regular payroll payment as soon as administratively practicable after the settlement date for the underlying RSUs, and subject to the restrictions and conditions that apply to, the granted RSUs. Until shares are delivered to you in settlement of RSUs, you shall have none of the rights of a stockholder of the Company with respect to the shares issuable in settlement of the RSUs, including the right to vote the shares and receive actual dividends and other distributions on the underlying shares of Common Stock. Shares of stock issuable in settlement of RSUs shall be delivered to you upon settlement in certificated form or in such other manner as the Company may reasonably determine. At that time, you will have all of the rights of a stockholder of the Company.

  • TERMS OF SETTLEMENT The Respondent agrees to the following terms of settlement:

  • The Settlement Following mediation with a neutral party, a Settlement has been reached. As part of the Settlement, a Qualified Settlement Fund of $39,500,000 will be established to resolve the Class Action. The Net Settlement Amount is $39,500,000 minus any Administrative Expenses (including taxes and tax expenses), Court-approved Attorneys’ Fees and Costs, and Class Representative Compensation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court.

  • Date of Settlement All offers of Certificated Securities solicited by a Selling Agent or made by a Purchasing Agent and accepted by the Company will be settled on a date (the “Settlement Date”) which is the third business day after the date of acceptance of such offer, unless the Company and the purchaser(s) agree to settlement (a) on another business day after the acceptance of such offer or (b) with respect to an offer accepted by the Company prior to 10:00 a.m., New York City time, on the date of such acceptance.

  • Form of Settlement Notwithstanding any discretion contained in the Plan or anything to the contrary in the Agreement, the RSUs are payable in Shares only.