Common use of Custody of the Settlement Fund Clause in Contracts

Custody of the Settlement Fund. The Settlement Fund shall be deposited into an appropriate trust established by the Settlement Administrator but shall remain subject to the jurisdiction of the Court until such time as the entirety of the Settlement Fund is distributed pursuant to the Settlement Agreement or returned to those who paid the Settlement Fund in the event this Settlement Agreement is voided, terminated, or cancelled.

Appears in 7 contracts

Samples: Class Action Settlement Agreement, Settlement Agreement, Settlement Agreement

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Custody of the Settlement Fund. The Settlement Fund shall be deposited into in an appropriate trust qualified settlement fund established by the Settlement Administrator but shall remain subject to the jurisdiction of the Court until such time as the entirety of the Settlement Fund is distributed pursuant to the this Settlement Agreement or returned to those who paid the Settlement Fund in the event this Settlement Agreement is voided, terminated, or cancelled.

Appears in 2 contracts

Samples: Settlement and Release Agreement, Settlement Agreement

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Custody of the Settlement Fund. The Settlement Fund shall be deposited into an appropriate trust established by the Settlement Administrator but shall remain subject to the jurisdiction of the Court until such time as the entirety of the Settlement Fund is distributed pursuant to the Settlement Agreement or returned to those who paid the Settlement Fund Defendant in the event this Settlement Agreement is voided, terminated, or cancelled.

Appears in 1 contract

Samples: Settlement Agreement

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