Common use of Allocation of Monies in the Account Following Termination Clause in Contracts

Allocation of Monies in the Account Following Termination. (1) If the Settlement Agreement is terminated, Ontario Counsel shall, within thirty (30) business days of the written notice advising that the Settlement Agreement has been terminated in accordance with its terms, return to the Settling Defendants all monies in the Account including interest, but less the costs of notice required by section 10 and translation required by section 13.12 if such costs have been incurred prior to termination.

Allocation of Monies in the Account Following Termination. (1) If the Settlement Agreement is terminated, Ontario Counsel shallshall return to the Settling Defendant 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 written notice advising that the Settlement Agreement has been terminated in accordance with its terms, return to the Settling Defendants all monies in the Account including interest, but less the costs of notice required by section 10 and translation required by section 13.12 if such costs have been incurred prior to terminationrelevant termination event.

Allocation of Monies in the Account Following Termination. (1) If the Settlement Agreement is terminated, Ontario Counsel shall, within thirty (30) business days of the written notice advising that the Settlement Agreement has been terminated in accordance with its terms, shall return to the Settling Defendants all monies in the Account including interest, but less the amount of any costs incurred in respect of notice required by section 10 and translation required by section 13.12 if such costs have been incurred prior to terminationor any income taxes paid in respect of any interest earned on monies in the Account, within thirty business days of the relevant termination event.