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, Class Counsel, 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 amount Settling Defendants have paid to Class Counsel, plus all accrued interest thereon and less any costs incurred with respect to the notices required by Section 11.1(1), and any costs of translation required by Section 15.12, such costs in total not to exceed CAD$50,000.

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, Class CounselCounsel 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 Defendant the amount Settling Defendants have it has paid to Class Counsel, plus all accrued interest thereon and less any thereon, but less: (a) the costs incurred with respect to the of notices required by Section 11.1(1), and any ; and (b) half of the costs of translation required the notice requires by Section 15.1211.1(2), such costs in total not up to exceed CAD$50,000a maximum of $5,000.00.

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, Class CounselCounsel 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 5.1(1), return to the Settling Defendants the amount Settling Defendants they have paid to Class Counsel, plus all accrued interest thereon and thereon, but less any the Settling Defendants’ proportional share of the costs incurred with respect to the of notices required by Section 11.1(1), 10.1(1) and any costs of translation translations required by Section 15.12, such costs in total not to exceed CAD$50,00014.11.