Attorneys’ Fees and Costs Amounts. Plaintiff’s Counsel shall make an application to the Court for an award of attorneys’ fees of up to one-third of the Gross Fund, e.g., One Million One Hundred Thirty-Three Thousand Three Hundred Thirty-Three Dollars and Thirty-Three Cents ($1,133,333.33). In addition, Plaintiff’s Counsel shall seek reimbursement of their reasonable costs and expenses from the Gross Fund in an amount not to exceed Eighty Thousand Dollars and Zero Cents ($80,000.00). Defendant will not oppose Plaintiff’s Counsel’s attorneys’ fees, costs, and expenses requests provided they are consistent with the terms of this Agreement. The settlement is not conditioned upon the Court’s approval of Plaintiff’s Counsel’s petition for fees, expenses, and costs. Payment of such attorneys’ fees, expenses, and costs to Plaintiff’s Counsel shall be made in accordance with this Agreement and shall constitute full satisfaction of any and all obligations by Defendant to pay any person, attorney or law firm for attorneys’ fees, expenses or costs incurred on behalf of Qualified Claimants. The Settlement Claims Administrator shall report the payment of these fees, expenses and costs to Plaintiff’s Counsel on an IRS Form 1099. The Parties expressly agree that the Court’s approval or denial of any request for attorneys’ fees and costs is not a material condition to this Agreement, and is to be considered by the Court separately from the fairness, reasonableness, adequacy, and good faith of the settlement. Any order or proceeding relating to the application by Plaintiff’s Counsel for an award for fees and costs shall not operate to terminate or cancel this agreement.
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Samples: Settlement Agreement
Attorneys’ Fees and Costs Amounts. Plaintiff’s Plaintiffs’ Counsel shall make an application to the Court for one-third (1/3) of the Qualified Settlement Fund (i.e., $416,666.67) as an award of attorneys’ fees of up to one-third of the Gross Fund, e.g., One Million One Hundred Thirty-Three Thousand Three Hundred Thirty-Three Dollars and Thirty-Three Cents ($1,133,333.33)fees. In addition, Plaintiff’s Plaintiffs’ Counsel shall also seek reimbursement of their reasonable costs and litigation expenses from the Gross Fund in an amount not to exceed Eighty Thousand Dollars and Zero Cents (totaling $80,000.00)21,000.00. Defendant Liberty Mutual will not oppose Plaintiff’s Plaintiffs’ Counsel’s attorneys’ fees, costs, and litigation expenses requests provided they are consistent with the terms of this Agreementrequest. The settlement is not conditioned upon the Court’s approval of Plaintiff’s Plaintiffs’ Counsel’s petition for fees, costs and litigation expenses, and costs. Payment of such attorneys’ fees, expenses, costs and costs litigation expenses to Plaintiff’s Plaintiffs’ Counsel shall be made in accordance with this Agreement and shall constitute full satisfaction of any and all obligations by Defendant the Company to pay any person, attorney or law firm for attorneys’ fees, costs or expenses or costs incurred on behalf of Qualified the Potential Claimants. For the avoidance of doubt, the Company will not be obligated to pay any attorneys’ fees, costs or litigation expenses amount unless and until the Court awards such attorneys’ fees, costs or litigation expenses to Plaintiffs’ Counsel. The Settlement Claims Administrator shall report the payment of these fees, costs and litigation expenses and costs to Plaintiff’s Plaintiffs’ Counsel on an IRS Form 1099. The Parties expressly agree that In no event shall Plaintiff’s Counsel be entitled to receive any amount in excess of: (a) $416,666.67 as attorneys’ fees, plus costs and litigation expenses of $21,000.00, or, (b) the amount of attorneys’ fees, costs, and litigation expenses awarded by the Court’s approval or denial . Any amount of any request for the attorneys’ fees and costs is not a material condition to this Agreement, and is to be considered approved by the Court separately from the fairness, reasonableness, adequacy, and good faith shall be included as part of the settlement. Any order or proceeding relating to the application by Plaintiff’s Counsel for an award for fees and costs shall not operate to terminate or cancel this agreementNet Settlement Fund.
Appears in 1 contract
Samples: Settlement Agreement
Attorneys’ Fees and Costs Amounts. Plaintiff’s Plaintiffs’ Counsel shall make an application to the Court for an award of attorneys’ fees of up to one-third of the Gross Fund, e.g.i.e, One Million One Nine Hundred ThirtySixteen Thousand Six Hundred Sixty-Three Thousand Three Hundred Thirty-Three Six Dollars and ThirtySixty-Three Seven Cents ($1,133,333.33916,666.67). In addition, Plaintiff’s Plaintiffs’ Counsel shall seek reimbursement from the Gross Fund of their reasonable costs and expenses from incurred in the Gross Fund in an amount not to exceed Eighty Thousand Dollars and Zero Cents ($80,000.00)Litigations. Defendant will PNC shall not oppose Plaintiff’s Counsel’s attorneys’ fees, costs, and expenses requests provided they are consistent with the terms of this Agreementthese applications. The settlement This Agreement is not conditioned upon the Court’s approval of Plaintiff’s Counsel’s petition for fees, expenses, and costseither application in whole or in part. Payment of such attorneys’ fees, expenses, and costs to Plaintiff’s Plaintiffs’ Counsel shall be made in accordance with this Agreement and shall constitute full satisfaction of any and all obligations by Defendant PNC to pay any person, attorney or law firm for attorneys’ fees, expenses or costs incurred on behalf of Qualified Claimants. The Settlement Claims Administrator shall report the payment of these fees, expenses and costs to Plaintiff’s Plaintiffs’ Counsel on an IRS Form 1099. The Settling Parties expressly agree that the Court’s approval or denial of any request for attorneys’ fees and costs is not a material condition to this Agreement, and is to be considered by the Court separately from the fairness, reasonableness, adequacy, and good faith of the settlement. Any order or proceeding relating to the application by Plaintiff’s Plaintiffs’ Counsel for an award for fees and costs shall not operate to terminate or cancel this agreementAgreement.
Appears in 1 contract
Samples: Settlement Agreement
Attorneys’ Fees and Costs Amounts. Plaintiff’s Plaintiffs’ Counsel shall make an application to the Court for an award of attorneys’ fees of up to one-third of the Gross Fund, e.g., One Two Million One Hundred Thirty-Three Thousand Three Hundred Thirty-Three Dollars and Thirty-Three Zero Cents ($1,133,333.332,000,000.00). In addition, Plaintiff’s Plaintiffs’ Counsel shall seek reimbursement of their reasonable costs and expenses from the Gross Fund in an amount not to exceed Eighty Thousand Dollars and Zero Cents ($80,000.00)Fund. Defendant Equitable will not oppose Plaintiff’s Plaintiffs’ Counsel’s attorneys’ fees, costs, and expenses requests provided they are consistent with the terms of this Agreement. The settlement Settlement is not conditioned upon the Court’s approval of Plaintiff’s Plaintiffs’ Counsel’s petition for fees, expenses, and costs. Payment of such attorneys’ fees, expenses, and costs to Plaintiff’s Plaintiffs’ Counsel shall be made in accordance with this Agreement and shall constitute full satisfaction of any and all obligations by Defendant Equitable to pay any person, attorney or law firm for attorneys’ fees, expenses or costs incurred on behalf of the Named Plaintiff and/or Qualified Claimants. The Settlement Claims Administrator shall report the payment of these fees, expenses and costs to Plaintiff’s Plaintiffs’ Counsel on an IRS a Form 1099. The Settling Parties expressly agree that the Court’s approval or denial of any request for attorneys’ fees fees, expenses, and costs is not a material condition to this Agreement, and is to be considered by the Court separately from the fairness, reasonableness, adequacy, and good faith of the settlementSettlement. Any order or proceeding relating to the application by Plaintiff’s Plaintiffs’ Counsel for an award for fees fees, expenses, and costs shall not operate to terminate or cancel this agreementAgreement.
Appears in 1 contract
Attorneys’ Fees and Costs Amounts. Plaintiff’s Counsel shall make an application to the Court for an award of attorneys’ fees of up to one-third of the Gross Fund, e.g., One Million Hundred Forty-One Thousand Six Hundred ThirtySixty-Three Thousand Three Hundred Thirty-Three Six Dollars and ThirtySixty-Three Seven Cents ($1,133,333.33141,666.67). In addition, Plaintiff’s Counsel shall seek reimbursement of their reasonable costs and expenses from the Gross Fund in an amount not to exceed Eighty Ten Thousand Dollars and Zero Cents ($80,000.0010,000.00). Defendant will not oppose Plaintiff’s Counsel’s attorneys’ fees, costs, and expenses requests provided they are consistent with the terms of this Agreement. The settlement is not conditioned upon the Court’s approval of Plaintiff’s Counsel’s petition for fees, expenses, and costs. Payment of such attorneys’ fees, expenses, and costs to Plaintiff’s Counsel shall be made in accordance with this Agreement and shall constitute full satisfaction of any and all obligations by Defendant to pay any person, attorney or law firm for attorneys’ fees, expenses or costs incurred on behalf of Qualified Claimants. The Settlement Claims Administrator shall report the payment of these fees, expenses and costs to Plaintiff’s Counsel on an IRS Form 1099. The Parties expressly agree that the Court’s approval or denial of any request for attorneys’ fees and costs is not a material condition to this Agreement, and is to be considered by the Court separately from the fairness, reasonableness, adequacy, and good faith of the settlement. Any order or proceeding relating to the application by Plaintiff’s Counsel for an award for fees and costs shall not operate to terminate or cancel this agreement.
Appears in 1 contract
Samples: Settlement Agreement