Common use of Disbursements Prior to Effective Date Clause in Contracts

Disbursements Prior to Effective Date. (A) Except as provided in Subsection (B) herein or by Court order, no distribution to any Settlement Class Member or disbursement of fees, costs and expenses of any kind may be made from the Settlement Fund until the Effective Date. As of the Effective Date, all fees, costs and expenses and Incentive Awards as approved by the Court may be paid out of the Settlement Fund.

Appears in 2 contracts

Samples: Stipulation and Agreement, Stipulation and Agreement

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Disbursements Prior to Effective Date. (A) No distribution to any Settlement Class Member may be made from the Settlement Fund until the Effective Date. Except as provided in Subsection (B) herein or by Court order, no distribution to any Settlement Class Member or disbursement of fees, costs costs, and expenses of any kind may be made from the Settlement Fund until the Effective Date. As of the Effective Date, all fees, costs costs, and expenses and Incentive Awards as approved by the Court may be paid out of the Settlement Fund.

Appears in 1 contract

Samples: Stipulation and Agreement

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Disbursements Prior to Effective Date. (A) Except as provided in Subsection (B) herein or by Court order, no distribution to any Settlement Class Member or disbursement of fees, costs and expenses of any kind may be made from the Settlement Fund until the Effective Date. As of the Effective Date, all fees, costs and expenses and Incentive Awards as approved by the Court may be paid out of the Settlement Fund.

Appears in 1 contract

Samples: Stipulation and Agreement of Settlement

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