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, 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, Class Counsel or shall pay to the Claims AdministratorSettling Defendants the Settlement Amount plus all accrued interest thereon, as less the case may becosts of the notices required by section 8.1 which are intended to be paid out of the Trust Account and not yet paid, shall within thirty (30) business days of the written notice pursuant to section 7.1(1) return to advising that the Settling Defendants all monies paid by the Settling Defendants including interest but less the costs of notice expended Settlement Agreement has been terminated 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 $7,750its terms.

Allocation of Monies in the Trust Account Following Termination. (1) If the Settlement Agreement is terminatedterminated in accordance with Section 7.1(1), Class Counsel or the Claims Administratormoney in the Trust Account, as the case may beplus all accrued interest thereon, 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 already paid or incurred (but not yet paid) to disseminate the Notice of notice expended in accordance with Hearing and/or translate the Settlement Agreement (if required) pursuant to Section 12 up 12(3), will be reimbursed to a maximum of $30,000 and less the cost of any translations required under Section 15.12 up to a maximum of $7,750Defendants.

Allocation of Monies in the Trust Account Following Termination. (1) If the Settlement Agreement is terminated, Class Counsel or shall pay to the Claims AdministratorSettling Defendant the Settlement Amount plus all accrued interest thereon, as less the case may becosts of the notices required by section 9.1 which are intended to be paid out of the Trust Account and not yet paid, shall within thirty (30) business days of the written notice pursuant to section 7.1(1) return to advising that the Settling Defendants all monies paid by the Settling Defendants including interest but less the costs of notice expended Settlement Agreement has been terminated 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 $7,750its terms.