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

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.

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(15.1(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 10.1 and any costs actually incurred or payable with respect to any translations required under Section 14.1113.11.