Allocation of Monies in the Trust Account Following Termination Sample Clauses

Allocation of Monies in the Trust Account Following Termination. (1) If the Settlement Agreement is terminated, BC Counsel or the Claims Administrator, as the case may be, shall within thirty (30) days of the written notice pursuant to Section 6.1(1) return to the Settling Defendants the Settlement Amount, plus all accrued interest thereon and less any taxes paid on interest, less the Settling Defendants’ proportional share (to a maximum of $50,000 for the Settling Defendants collectively) of any costs actually incurred or payable with respect to notices required by Section 11.1 and any costs actually incurred or payable with respect to any translations required under Section 14.11.
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Allocation of Monies in the Trust Account Following Termination. (1) If the Settlement Agreement is terminated, BC Counsel or the Claims Administrator, as the case may be, shall return to the Settling Defendants all monies in the Trust Account including interest but less the costs of notice expended in accordance with Section 12 and Section 14 up to a maximum of $30,000 and less the cost of translations required under Section 15.12 up to a maximum of $7,750.
Allocation of Monies in the Trust Account Following Termination. (1) If the Settlement Agreement is terminated, Class Counsel or the Claims Administrator, as the case may be, shall within thirty (30) days of the written notice pursuant to section 7.1(1) return to the Settling Defendants all monies paid by the Settling Defendants including interest but less the costs of notice expended in accordance with Section 12 up to a maximum of $30,000 and less the cost of any translations required under Section 15.12 up to a maximum of $7,750.
Allocation of Monies in the Trust Account Following Termination. (1) If the Settlement Agreement is terminated, the Escrow Agent shall pay to Hershey Canada the Settlement Amount plus all accrued interest thereon, less the costs of the Escrow Agent, and less the costs of the Notices referred to in section 10.1, within thirty (30) business days of a final judgment being entered by a Court denying the certification or authorization of a Main Proceeding as a class proceeding or denying the approval of the Settlement Agreement, whichever is earlier. The Releasees, the Main Plaintiffs, and the Additional Plaintiffs expressly reserve all of their respective rights if this Settlement Agreement is terminated.
Allocation of Monies in the Trust Account Following Termination. (1) If the Settlement Agreement is terminated, BC Counsel or the Claims Administrator, as the case may be, shall within thirty (30) days of the written notice pursuant to Section 6.1(1) return to the Settling Defendants the Settlement Amount, plus all accrued interest thereon and less any taxes paid on interest, less any costs actually incurred or payable with respect to notices required by Section 11.1 (up to a maximum of CDN $30,000) and less any costs actually incurred or payable with respect to any translations required under Section 14.11 (up to a maximum of CDN $7,750).
Allocation of Monies in the Trust Account Following Termination. (1) If the Settlement Agreement is terminated in accordance with its terms, then within thirty (30) business days of written notice advising that the Settlement Agreement has been terminated, Ontario Counsel shall pay to the Settling Defendant the money in the Trust Account, plus all accrued interest thereon, but less any already-accrued costs of the notices required by Section 11.1(1) and any already-accrued translation costs pursuant to Section 14.12.
Allocation of Monies in the Trust Account Following Termination. 12.3.1 If the Settlement Agreement is terminated in accordance with its terms after the Settlement Amount is paid into the Trust Account, the Claims Administrator shall return to the Defendant all monies remaining in the Trust Account after deduction of Administrative Expenses reasonably incurred up to the date of termination within thirty (30) business days of notice of termination by the Defendant.
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Allocation of Monies in the Trust Account Following Termination. If the Settlement Agreement is terminated, the Escrow Agent shall return to the Settling Defendants all monies in the Trust Account including all accrued Pre-Deposit Interest, less the costs of the Escrow Agent, and the Opt Out Administrator, and less the costs of the Notices referred to in section 11.1 including any costs that exceed the sum of $250,000 (to the extent that the Settling Defendants have not already paid such costs in accordance with section 13(1)), within thirty (30) business days of a final judgment being entered by a Court denying the certification or authorization of a Main Proceeding as a class proceeding or denying the approval of the Settlement Agreement, whichever is earlier. The Settling Defendants, the Main Plaintiffs, and the Additional Plaintiffs expressly reserve all of their respective rights if this Settlement Agreement is terminated.

Related to Allocation of Monies in the Trust Account Following Termination

  • Termination of Agreement, Resignation, or Removal of Custodian Either party may terminate this agreement at any time by giving written notice to the other. We can resign as custodian at any time effective 30 days after we send written notice of our resignation to you. Upon receipt of that notice, you must make arrangements to transfer your Xxxx XXX to another financial organization. If you do not complete a transfer of your Xxxx XXX within 30 days from the date we send the notice to you, we have the right to transfer your Xxxx XXX assets to a successor Xxxx XXX trustee or custodian that we choose in our sole discretion, or we may pay your Xxxx XXX to you in a single sum. We will not be liable for any actions or failures to act on the part of any successor trustee or custodian, nor for any tax consequences you may incur that result from the transfer or distribution of your assets pursuant to this section. If this agreement is terminated, we may charge to your Xxxx XXX a reasonable amount of money that we believe is necessary to cover any associated costs, including but not limited to one or more of the following. • Any fees, expenses, or taxes chargeable against your Xxxx XXX • Any penalties or surrender charges associated with the early withdrawal of any savings instrument or other investment in your Xxxx XXX If we are a nonbank custodian required to comply with Regulations section 1.408-2(e) and we fail to do so or we are not keeping the records, making the returns, or sending the statements as are required by forms or regulations, the IRS may require us to substitute another trustee or custodian. We may establish a policy requiring distribution of the entire balance of your Xxxx XXX to you in cash or property if the balance of your Xxxx XXX drops below the minimum balance required under the applicable investment or policy established.

  • Certification of Funds; Budget and Fiscal Provisions; Termination in the Event of Non-Appropriation This Agreement is subject to the budget and fiscal provisions of the City’s Charter. Charges will accrue only after prior written authorization certified by the Controller, and the amount of City’s obligation hereunder shall not at any time exceed the amount certified for the purpose and period stated in such advance authorization. This Agreement will terminate without penalty, liability or expense of any kind to City at the end of any fiscal year if funds are not appropriated for the next succeeding fiscal year. If funds are appropriated for a portion of the fiscal year, this Agreement will terminate, without penalty, liability or expense of any kind at the end of the term for which funds are appropriated. City has no obligation to make appropriations for this Agreement in lieu of appropriations for new or other agreements. City budget decisions are subject to the discretion of the Mayor and the Board of Supervisors. Contractor’s assumption of risk of possible non-appropriation is part of the consideration for this Agreement. THIS SECTION CONTROLS AGAINST ANY AND ALL OTHER PROVISIONS OF THIS AGREEMENT.

  • Termination of Trust Section 9.01

  • TERMINATION OF CARD ACCOUNT 10.1 Your option to terminate You may terminate your card account if you:-

  • For Force Account or Indefinite Amount Change Order The payment and extension of time (if any) provided by this Change Order constitutes interim compensation to the Contractor and its Subcontractors and Suppliers for actual costs and markups directly and indirectly attributable to the Change Order herein, for all delays related thereto and for performance of changes within the time stated.

  • Transfer of Project Records Following Termination Following the termination of this Agreement for any reason, Contractor, without additional compensation, will provide any and all records relating to the goods and/or services provided by Contractor pursuant to this Agreement to the District and any other vendors that the District may engage to provide the same or similar goods and/or services in the future. Without additional compensation, Contractor shall in good faith cooperate with the District and any other vendors that the District may engage to ensure a smooth transition from Contractor to another vendor and to minimize any disruption in the provision of goods and/or services provided by Contractor to the District.

  • Obligations Following Termination If a Non-Defaulting Party terminates this Agreement pursuant to this Section 13(b), then following such termination, Seller shall, at the sole cost and expense of the Defaulting Party, remove the equipment (except for mounting pads and support structures) constituting the System. The Non-Defaulting Party shall take all commercially reasonable efforts to mitigate its damages as the result of a Default Event.

  • Termination of Trust Agreement Section 9.01.

  • Application of Miscellaneous Proceeds upon Condemnation, Destruction, or Loss in Value of the Property In the event of a total taking, destruction, or loss in value of the Property, all of 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. In the event of a partial taking, destruction, or loss in value of the Property (each, a “Partial Devaluation”) where the fair market value of the Property immediately before the Partial Devaluation is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the Partial Devaluation, a percentage of the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument unless Borrower and Lender otherwise agree in writing. The amount of the Miscellaneous Proceeds that will be so applied is determined by multiplying the total amount of the Miscellaneous Proceeds by a percentage calculated by taking (i) the total amount of the sums secured immediately before the Partial Devaluation, and dividing it by (ii) the fair market value of the Property immediately before the Partial Devaluation. Any balance of the Miscellaneous Proceeds will be paid to Borrower. In the event of a Partial Devaluation where the fair market value of the Property immediately before the Partial Devaluation is less than the amount of the sums secured immediately before the Partial Devaluation, all of the Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not the sums are then due, unless Borrower and Lender otherwise agree in writing.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

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