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

Class Counsel’s Fees and Costs. Class Counsel's reasonable attorneys' fees and costs, as determined and approved by the Court, shall be paid by the Settlement Administrator from the Settlement Fund ten (10) days after entry of the Final Approval Order. Class Counsel shall apply for an award of attorneys' fees of up to one­ third (33-1/3%) of the value of this settlement to the Settlement Class members plus reimbursement of reasonable litigation costs, to be approved by the court. Defendant agrees not to oppose an application up to one-third (33-1/3%) ofthe Settlement Fund, but reserves the right to oppose an application for fees in excess of that amount. Should the judgment approving the settlement be reversed on appeal, Class Counsel shall immediately repay all fees and costs to Defendant; should the award of 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. This paragraph was negotiated and agreed to only after all material terms of the Settlement were agreed upon. CORE/00125 !6.1241/160771506.4

Appears in 1 contract

Samples: Settlement Agreement

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Class Counsel’s Fees and Costs. Class Counsel's Counsels’ reasonable attorneys' fees and costs, as determined and approved by the Court, shall be paid by the Settlement Administrator from the Settlement Fund ten (10) days after entry of the Final Approval Order. Class Counsel shall apply for an award of attorneys' fees of up to one­ one-third (33-1/3%) of the value Value of this settlement to the Settlement Class members Settlement, plus reimbursement of reasonable litigation costs, to be approved by the courtCourt. Defendant agrees not to oppose an application for attorneys’ fees of up to one-third (33-33- 1/3%) ofthe Settlement Fundof the Value of the Settlement, but reserves the right to oppose an application for fees in excess of that amount. Should the judgment approving the settlement be reversed on appeal, Class Counsel shall immediately repay all fees and costs to Defendantthe Settlement Administrator; should the award of 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. This paragraph was negotiated and agreed to only after all material terms of the Settlement were agreed upon. CORE/00125 !6.1241/160771506.4.

Appears in 1 contract

Samples: Settlement Agreement

Class Counsel’s Fees and Costs. Class Counsel's ’s reasonable attorneys' fees and costs, as determined and approved by the Court, shall be paid by the Settlement Administrator from the Settlement Fund ten (10) days after entry of the Final Approval Order. Class Counsel shall apply for an award of attorneys' fees of up to one­ one-third (33-1/3%) of the value of this settlement to the Settlement Class members Fund, plus reimbursement of reasonable litigation costs, to be approved by the court. Defendant agrees not to oppose an application up to one-third (33-1/3%) ofthe of the Settlement Fund, but reserves the right to oppose an application for fees in excess of that amount. Should the judgment approving the settlement be reversed on appeal, Class Counsel shall immediately repay all fees and costs to Defendant; should the award of 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. This paragraph was negotiated and agreed to only after all material terms of the Settlement were agreed upon. CORE/00125 !6.1241/160771506.4.

Appears in 1 contract

Samples: Settlement Agreement

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Class Counsel’s Fees and Costs. Class Counsel's reasonable attorneys' fees and costs, as determined and approved by the Court, shall be paid by the Settlement Administrator from the Settlement Fund ten (10) days after entry of the Final Approval Order. Class Counsel shall apply for an award of attorneys' fees of up to one­ third (33-1/3%) of the value of this settlement to the Settlement Class members plus reimbursement of reasonable litigation costs, to be approved by the court. Defendant agrees not to oppose an application up to one-third (33-1/3%) ofthe of the Settlement Fund, but reserves the right to oppose an application for fees in excess of that amount. Should the judgment approving the settlement be reversed on appeal, Class Counsel shall immediately repay all fees and costs to Defendant; should the award of 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. This paragraph was negotiated and agreed to only after all material terms of the Settlement were agreed upon. CORE/00125 !6.1241/160771506.4

Appears in 1 contract

Samples: Settlement Agreement and Release

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