Common use of COSTS OF NOTICE AND ADMINISTRATION Clause in Contracts

COSTS OF NOTICE AND ADMINISTRATION. The Parties shall select as a Settlement Administrator one of the entities identified in Section 2.45 after a review and comparison of estimates made available by such entities. Xxxxxxxx agrees to pay the fees and costs of the Settlement Administrator in an amount not to exceed the $380,000.00 estimate for such fees and costs received from one of the entities identified in Section 2.45. If the fees and costs of the administrator that is chosen exceed $380,000 for the services that were the basis of the $380,000 estimate, Class Counsel will agree to pay the additional amount, and such amount shall be deducted from any award of Class Counsel fees and costs.