Allocation of Monies in the Account Sample Clauses

Allocation of Monies in the Account. Following Termination If the Settlement Agreement is terminated, Ontario Counsel shall return to the Settling Defendants all monies in the Account including interest, but less one half of the amount of any costs incurred in respect of notice or any income taxes paid in respect of any interest earned on monies in the Account, within thirty (30) business days of the relevant termination event.
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Allocation of Monies in the Account. Following Termination If the Settlement Agreement is terminated, Class Counsel or the Claims Administrator, as the case may be, shall return to the Defendant as directed in writing by the Defendant, all monies in their Account including accrued interest, but less any Administration Expenses that have been actually incurred as at the date of termination, including the costs of publishing the Notice of Hearing, the Notice of Court Order, or any other notices to the Class (collectively, the “Notices”), including the estimated costs of Administration Expenses to be incurred to provide notice to the Class that the Settlement Agreement has been terminated, if such notice is required by the Court. However, in the event the Settlement Agreement is terminated the Plaintiffs shall be responsible for 50% of the Administration Expenses that have been incurred.
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Allocation of Monies in the Account. Following Termination If the Settlement Agreement is terminated, Xxxxxxxx LLP shall return to the Settling Defendants all monies in the Account, including interest, within thirty (30) business days of the relevant termination event in section 4.1.
Sample 1
Allocation of Monies in the Account. Following Termination‌ If the Settlement Agreement is terminated after the Settlement Amount has been transferred to the Account, the Settlement Amount shall be returned to the Defendants, including accrued interest, but less:
Sample 1
Allocation of Monies in the Account. Following Termination If the Settlement Agreement is terminated, Class Counsel shall return to NVIDIA all monies in the Account including interest, but less the amount of any costs incurred in respect of notice or any income taxes paid in respect of any interest earned on monies in the Account, within thirty business days of the date of termination.
Sample 1
Allocation of Monies in the Account. Following Termination‌ If the Settlement Agreement is terminated, Class Counsel or the Claims Administrator, as the case may be, shall return to the Defendants as directed in writing by the Defendants, all monies in the Account including accrued interest, but less:
Sample 1

Related to Allocation of Monies in the Account

  • Application of Miscellaneous Proceeds upon Damage to Property If the Property is damaged, any Miscellaneous Proceeds will be applied to restoration or repair of the Property, if Lender deems the restoration or repair to be economically feasible and Lender’s security will not be lessened by such restoration or repair. During such repair and restoration period, Lender will have the right to hold such Miscellaneous Proceeds until Lender has had an opportunity to inspect the Property to ensure the work has been completed to Lender’s satisfaction (which may include satisfying Lender’s minimum eligibility requirements for persons repairing the Property, including, but not limited to, licensing, bond, and insurance requirements) provided that such inspection must be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement or in a series of progress payments as the work is completed, depending on the size of the repair or restoration, the terms of the repair agreement, and whether Borrower is in Default on the Loan. Lender may make such disbursements directly to Borrower, to the person repairing or restoring the Property, or payable jointly to both. Unless Lender and Borrower agree in writing or Applicable Law requires interest to be paid on such Miscellaneous Proceeds, Lender will not be required to pay Borrower any interest or earnings on such Miscellaneous Proceeds. If Lender deems the restoration or repair not to be economically feasible or Lender’s security would be lessened by such restoration or repair, the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds will be applied in the order that Partial Payments are applied in Section 2(b).

  • Application of Moneys All moneys received by the Agent and/or the Security Trustee under or pursuant to any of the Security Documents and expressed to be applicable in accordance with the provisions of this clause 13.1 or in a manner determined in the Security Trustee’s or (as the case may be) the Agent’s discretion, shall be applied in the following manner:

  • Payment of Monies The parties acknowledge and agree that any payment of monies required to be made hereunder shall be made in Canadian funds and that any tender of monies or documents hereunder may be made upon the solicitors acting for the party upon whom the tender is desired and it shall be sufficient that a negotiable bank draft is tendered instead of cash.

  • Allocation of Funds A. The Faculty Development Committee shall approve all applications for reassignment of duties that do not require additional funding and have been endorsed by the applicant’s Division.

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