Final Net Settlement Amount definition

Final Net Settlement Amount has the meaning given to it in Section 4.4(a).
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Final Net Settlement Amount means the sum of the Settlement Amounts, provided that (i) in the event the sum of the Settlement Amounts is positive, it shall be reduced by any amount received by the non-defaulting party (if any) to the extent the non-defaulting party shall exercise its rights to apply Margin delivered by the defaulting party; or (ii) in the event the sum of the Settlement Amounts is negative, it shall be added to the value of any Margin held by the non-defaulting party. If the Final Net Settlement Amount is a positive amount, then such amount shall be owed by the defaulting party to the non-defaulting party; and if the Final Net Settlement Amount is a negative amount, then the absolute value of such amount shall be owed by the non-defaulting party to the defaulting party, subject to the rights of the non-defaulting party to setoff, recoup, withhold or suspend payment as set forth in this Master Agreement or at law.
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Final Net Settlement Amount means the sum of the Settlement Amounts, provided that in the event the sum of the Settlement Amounts is positive, it shall be reduced by any amount received by the non-defaulting Party (if any) to the extent the non-defaulting Party shall exercise its rights to apply Margin delivered by the defaulting Party.
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Examples of Final Net Settlement Amount in a sentence

  • The Parties agree that the obligation of each Party to pay each Settlement Amount and Final Net Settlement Amount is mutual with the obligation of each other Party to pay each other Settlement Amount and Final Net Settlement Amount.

  • If the Party owing the Final Net Settlement Amount has more than one branch, there shall be no limitation as to the place of payment of the obligation, unless otherwise specified by the Parties hereto.

  • Each Final Net Settlement Amount shall bear interest at the Base Rate plus 1% per annum from (and including) the relevant Final Settlement Date to (but excluding) the date of actual payment.

  • Subject to the last sentence of Section 3.2 hereof, each Final Net Settlement Amount shall be paid in the Base Currency, together with interest thereon as determined pursuant to Section 4.5(c) hereof.

  • The Final Net Settlement Amount shall bear interest at the rate specified in Section 4.5(b) hereof plus 1% per annum from (and including) the Final Settlement Date to (but excluding) the date of actual payment.

  • Subject to the last sentence of Section 3.2 hereof, the Final Net Settlement Amount shall be paid in the Base Currency, together with interest thereon, from (and including) the Final Settlement Date to (but excluding) the date such amount is paid, at the rate specified in Section 4.5(c) hereof.

  • If any Settlement Amount, Net Set-Off Amount or Final Net Settlement Amount is set off against such indemnity obligation of Party B, such Settlement Amount, Net Set-Off Amount or Final Net Settlement Amount shall be reduced to extent of such application for purposes of Section 4.

  • If a Final Net Settlement Amount is payable to AEMO and AEMO has the benefit of Credit Support and/or if there is a Security Deposit Balance in respect of the Auction Participant, then AEMO is entitled to apply the Credit Support and/or Security Deposit Balance (as applicable) against the Final Net Settlement Amount.

  • The Parties [do] [do not] agree to the following: The obligations of the Party A Entities in respect of interest provided in Section 4.5 shall be reduced to the same extent that interest provided therein may not lawfully be included in calculating the obligations of Party B in respect of any Settlement Amount, Net Set- Off Amount or Final Net Settlement Amount.

  • Each Limited Guarantor shall be entitled to set off any obligation to make a payment under any Principal Agreement or the Agreement (including, without limitation, any Final Net Settlement Amount determined pursuant to Section 4.4(a), regardless of whether a calculation statement with respect to such Final Net Settlement Amount has been delivered) to Party B against such indemnity obligation of Party B.

Related to Final Net Settlement Amount

  • 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.

  • Gross Settlement Amount means $950,000.00 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.

  • Maximum Settlement Amount means the maximum amount The Company is required to pay pursuant to this Settlement, which is the sum of Seven Hundred and Fifty Thousand Dollars ($750,000.00), inclusive of 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.

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

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of: