Common use of Appointment of the Administrator Clause in Contracts

Appointment of the Administrator. (1) The Courts will appoint the Administrator to serve until such time as the Escrow Settlement Amount is distributed in accordance with the Plan of Allocation, to implement the Agreement and the Plan of Allocation, on the terms and conditions and with the powers, rights, duties and responsibilities set out in this Agreement and in the Plan of Allocation. (2) If the Agreement is terminated, the Administrator’s fees, disbursements and taxes will be fixed as set out in section 4.1. (3) If the approval of the Settlement becomes final as contemplated by section 11, the Courts will fix the Administrator’s compensation and payment schedule.

Appointment of the Administrator. (1) The Courts will shall appoint the Administrator to serve until such time as further order of the Escrow Settlement Amount is distributed in accordance with the Plan of AllocationCourts, to implement the Settlement Agreement and the Plan of AllocationPlan, on the terms and conditions and with the powers, rights, duties and responsibilities set out in this the Settlement Agreement and in the Plan of AllocationPlan. (2) If the Settlement Agreement is terminatedterminated by SWR and/or Paterson in accordance with section 11.1, the Administrator’s fees, disbursements and taxes will be are fixed as set out in section 4.13.1(1)(f). (3) If the approval of the Settlement becomes final as contemplated by section 11, 12 the Courts will fix the Administrator’s compensation and payment schedule.

Appointment of the Administrator. (1) The Courts Court will appoint the Administrator to serve until such time as the Escrow Settlement Amount Fund is distributed in accordance with the Plan of Allocation, to implement the Agreement and the Plan of Allocation, on the terms and conditions and with the powers, rights, duties and responsibilities set out in this Agreement and in the Plan of Allocation. (2) If the Agreement is terminated, the Administrator’s fees, disbursements and taxes will be fixed as set out in section 4.1. (3) If the approval of the Settlement becomes final as contemplated by section 11, 11 the Courts Court will fix the Administrator’s compensation and payment schedule.

Appointment of the Administrator. (1) The Courts Court will appoint the Administrator to serve until such time as the Escrow Settlement Amount Fund is distributed in accordance with the Plan of Allocation, to implement the Agreement and the Plan of Allocation, on the terms and conditions and with the powers, rights, duties and responsibilities set out in this the Agreement and in the Plan of Allocation. (2) If the Agreement is terminated, the Administrator’s fees, disbursements and taxes will be fixed as set out in section 4.1. (3) If the approval of the Settlement becomes final as contemplated by section 11, 11 the Courts Court will fix the Administrator’s compensation and payment schedule.