Common use of Allocation of Settlement Amount Following Termination Clause in Contracts

Allocation of Settlement Amount 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 the Settlement Amount, plus all accrued interest thereon and less taxes paid on interest, any costs incurred with respect to the notices required by subsection 11.1, and any costs of translation required by subsection 15.12.

Appears in 11 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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Allocation of Settlement Amount Following Termination. (1) If the Settlement Agreement is terminatednot approved, is terminated or otherwise fails to take effect for any reason, 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 the Settlement Amount, plus all accrued interest thereon and less taxes paid on interest, any costs incurred with respect to the notices and translations required by subsection 11.1, and any costs subsections 11.1 and/or 15.12 up to a maximum of translation required by subsection 15.12CAD $25,000.00.

Appears in 3 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

Allocation of Settlement Amount 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 Defendant the Settlement Amount, plus all accrued interest thereon and less taxes paid on interest, any costs incurred with respect to the notices required by subsection 11.1, and any costs of translation required by subsection 15.12.

Appears in 3 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement, Class Action Settlement Agreement

Allocation of Settlement Amount Following Termination. (1) If the Settlement Agreement is terminatednot approved, is terminated or otherwise fails to take effect for any reason, 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 the Settlement Amount, plus all accrued interest thereon and less taxes paid on interest, any costs incurred with respect to the notices required by subsection Section 11.1, and any costs of translation required by subsection 15.12Section 15.13.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

Allocation of Settlement Amount 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 the Settlement Amount, plus all accrued interest thereon and less taxes paid on interest, any costs incurred with respect to the notices required by subsection 11.1, and any costs of translation required by subsection 15.12.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

Allocation of Settlement Amount Following Termination. (1) If 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 the Settlement Amount, plus all accrued interest thereon and less taxes paid on interest, any costs incurred with respect to the notices required by subsection 11.110.1, and any costs of translation required by subsection 15.1214.12.

Appears in 2 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement

Allocation of Settlement Amount Following Termination. (1) If the Settlement Agreement is terminated, Ontario Counsel shallterminated in accordance with its terms, within thirty (30) business days of the written notice advising that the Settlement Agreement has been terminated in accordance with its terms, return pursuant to Section 14.18 Ontario Counsel shall pay to the Settling Defendants the Settlement Amountmoney in the Trust account, plus all accrued interest thereon and thereon, but less taxes paid on interest, any the costs incurred with respect to of the notices required by subsection 11.1, Section 11.1(1) and actually incurred and any translation costs incurred pursuant to Section 14.12, up to a maximum of translation required by subsection 15.12$50,000,.

Appears in 1 contract

Samples: Settlement Agreement

Allocation of Settlement Amount Following Termination. (1) If the Settlement Agreement is terminatednot approved, is terminated or otherwise fails to take effect for any reason, 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 Defendant the Settlement Amount, plus all accrued interest thereon and less any taxes paid on interest, and any costs actually incurred or payable with respect to the notices required by subsection 11.1Section 9.1(1), and any costs of translation required by subsection 15.12Section 12.12 that have actually been incurred or are payable.

Appears in 1 contract

Samples: National Settlement Agreement

Allocation of Settlement Amount 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 pay to the Settling Defendants Defendant the Settlement Amount, Amount plus all accrued interest thereon and less taxes paid on interest, any the costs incurred with respect to of the notices required by subsection 11.1, Section 11.1(1) and any costs of translation required by subsection 15.12Section 14.12.

Appears in 1 contract

Samples: Settlement Agreement

Allocation of Settlement Amount Following Termination. (1) If the Settlement Agreement is terminatednot approved, is terminated or otherwise fails to take effect for any reason, 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 Defendant the Settlement Amount, plus all accrued interest thereon and less any taxes paid on interest, and any costs actually incurred or payable with respect to the notices required by subsection 11.1Section 10.1(1), and any costs of translation required by subsection 15.12Section 13.12 that have actually been incurred or are payable.

Appears in 1 contract

Samples: Settlement Agreement

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Allocation of Settlement Amount Following Termination. (1) If the Settlement Agreement is terminatednot approved, is terminated or otherwise fails to take effect for any reason, 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 the Settlement Amount, plus all accrued interest thereon and less taxes paid on interest, any costs incurred with respect to the notices required by subsection Section 11.1, and any costs of translation required by subsection 15.12Section 15.13.

Appears in 1 contract

Samples: Settlement Agreement

Allocation of Settlement Amount Following Termination. (1) If the Settlement Agreement is terminatednot approved, is terminated or otherwise fails to take effect for any reason, Ontario Counsel shall, within thirty (30) business days of the written notice advising that the Settlement Agreement has been terminated in accordance with its termspursuant to Section 6.1(1), return to the Settling Defendants the Settlement Amountamount they have paid to Ontario Counsel, plus all accrued interest thereon and thereon, but less taxes paid on interest, any the lesser of the Settling Defendants’ proportional share of the costs incurred with respect to the of notices required by subsection 11.1, Section 11.1(1) and any costs of translation translations required by subsection 15.12Section 15.11 and $250,000.

Appears in 1 contract

Samples: National Settlement Agreement

Allocation of Settlement Amount Following Termination. (1) If the Settlement Agreement is terminated, Ontario Counsel shallterminated in accordance with its terms, within thirty (30) business days of the written notice advising that the Settlement Agreement has been terminated in accordance with its terms, return pursuant to Section 13.18 Ontario Counsel shall pay to the Settling Defendants Defendant the Settlement Amountmoney in the Trust Account, plus all accrued interest thereon and thereon, but less taxes paid on interest, any the costs incurred with respect to of the notices required by subsection 11.1, Section 10.1(1) and actually incurred and any translation costs incurred pursuant to Section 13.12, up to a maximum of translation required by subsection 15.12CAD $50,000.

Appears in 1 contract

Samples: Settlement Agreement

Allocation of Settlement Amount Following Termination. (1) If the Settlement Agreement is terminatednot approved, is terminated or otherwise fails to take effect for any reason, 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 the Settlement Amount, plus all accrued interest thereon and less any taxes paid on interest, and any costs actually incurred or payable with respect to the notices required by subsection 11.1Section 9.1(1), and any costs of translation required by subsection 15.12Section 12.12 that have actually been incurred or are payable.

Appears in 1 contract

Samples: Settlement Agreement

Allocation of Settlement Amount Following Termination. (1) If the Settlement Agreement is terminated, Ontario Counsel shallterminated in accordance with its terms, within thirty (30) business days of the written notice advising that the Settlement Agreement has been terminated in accordance with its terms, return pursuant to Section 13.18 Ontario Counsel shall pay to the Settling Defendants Defendant the Settlement Amountmoney in the Trust Account, plus all accrued interest thereon and thereon, but less taxes paid on interest, any the costs incurred with respect to of the notices required by subsection 11.1, Section 10.1(1) and actually incurred and any translation costs incurred pursuant to Section 13.12, up to a maximum of translation required by subsection 15.12CAD $50,000.

Appears in 1 contract

Samples: Settlement Agreement

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