Way of Settlement Sample Clauses

The "Way of Settlement" clause defines the method and process by which payments or obligations between parties are to be fulfilled under the agreement. It typically specifies whether settlements will be made in cash, by bank transfer, or through another agreed-upon mechanism, and may outline the timing, currency, and documentation required for each transaction. By clearly establishing how settlements are to occur, this clause helps prevent misunderstandings and disputes regarding payment procedures, ensuring both parties have a mutual understanding of their financial interactions.
Way of Settlement. Party A will settle with Party B in way (4) described below:
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Way of Settlement. Party A shall settle the goods payment in the ways like cash, bank drafts, bank telegraphic transfer and cheque. The goods payment of Party A at the end of the year shall be make zero clearing. As for the way of telegraphic transfer, the payment date shall be the date that the payment transferring to the account of Party B (or the account appointed by Party B); as for the way of drafts, the payment date shall be the paying completion date.
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Way of Settlement. The Borrower shall settle the interest in (1) below: （1) On a quarterly basis, the 20th day of the last month of each quarter is the interest settlement date, and the 21st day is the interest payment date. （2) The interest is paid on a monthly basis, with the 20th day of each month as the interest payment date and the 21st day as the Interest payment date. If the last repayment date of the loan principal is not the interest payment date, the last repayment date of the loan principal is the interest payment date, and the Borrower pays off the interest payable in full.
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Related to Way 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.

  • 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.

  • 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.

  • Termination of Settlement If the Settlement is terminated as provided in the Stipulation, this Order shall be vacated, rendered null and void and be of no further force and effect, except as otherwise provided by the Stipulation, and this Order shall be without prejudice to the rights of Plaintiffs, the other Class Members and Defendants, and the Parties shall revert to their respective positions in the Action as of immediately prior to August 24, 2015, as provided in the Stipulation.

  • 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.