Common use of Class Counsel’s Fees and Costs Clause in Contracts

Class Counsel’s Fees and Costs. Class Counsels’ reasonable attorneys’ fees and costs, as determined and approved by the Court, shall be paid from the Settlement Fund within 10 days after entry of the Final Approval Order. Class Counsel shall apply for an award of attorneys’ fees of up to 33.33% of the Value of the Settlement, plus reimbursement of reasonable litigation costs, to be approved by the Court. Defendant agrees not to oppose an application for attorneys’ fees of up to 33.33% of the Value of the Settlement, but reserves the right to oppose an application for attorneys’ fees in excess of that amount. Should the Final Approval Order be reversed on appeal, Class Counsel shall immediately repay all attorneys’ fees and costs to the Settlement Administrator; should the award of attorneys’ fees and costs be reduced on appeal, Class Counsel shall immediately repay into the Settlement Fund an amount equal to the reduction ordered by the appellate court.

Appears in 4 contracts

Samples: Settlement Agreement and Releases, Revised Settlement Agreement and Releases, Settlement Agreement and Releases

AutoNDA by SimpleDocs

Class Counsel’s Fees and Costs. Class Counsels’ reasonable attorneys’ fees and costs, as determined and approved by the Court, shall be paid from the Settlement Fund within 10 days after entry of the Final Approval Order. Class Counsel shall apply for an award of attorneys’ fees of up to 33.33% of the Value of the SettlementSettlement Fund, plus reimbursement of reasonable litigation costs, to be approved by the Court. Defendant agrees not to oppose an application for attorneys’ fees of up to 33.33% of the Value of the Settlement, Settlement Fund but reserves the right to oppose an application for attorneys’ fees in excess of that amount. Should the Final Approval Order be reversed on appeal, Class Counsel shall immediately repay all attorneys’ fees and costs to the Settlement Administrator; should the award of attorneys’ fees and costs be reduced on appeal, Class Counsel shall immediately repay into the Settlement Fund an amount equal to the reduction ordered by the appellate court.

Appears in 1 contract

Samples: Settlement Agreement and Release

AutoNDA by SimpleDocs

Class Counsel’s Fees and Costs. Class Counsels’ reasonable attorneys’ fees and costs, as determined and approved by the Court, shall be paid from the Settlement Fund within 10 days after entry of the Final Approval Order. Class Counsel shall apply for an award of attorneys’ fees of up to 33.33% of the Value of the SettlementSettlement Fund, plus reimbursement of reasonable litigation costs, to be approved by the Court. Defendant agrees not to oppose an application for attorneys’ fees of up to 33.33% of the Value of the SettlementSettlement Fund, but reserves the right to oppose an application for attorneys’ fees in excess of that amount. Should the Final Approval Order be reversed on appeal, Class Counsel shall immediately repay all attorneys’ fees and costs to the Settlement Administrator; should the award of attorneys’ fees and costs be reduced on appeal, Class Counsel shall immediately repay into the Settlement Fund an amount equal to the reduction ordered by the appellate court.

Appears in 1 contract

Samples: Settlement Agreement and Release

Time is Money Join Law Insider Premium to draft better contracts faster.