Common use of Distribution of Settlement Benefits for the DHEPDS Class Clause in Contracts

Distribution of Settlement Benefits for the DHEPDS Class. The occurrence of the Effective Date is a condition precedent to distribution of any funds to the DHEPDS Class. After the Effective Date, the portion of the Aggregate Payment allocated to the DHEPDS Class, minus any relevant previously-incurred Administrative Costs will be placed in a sub-fund of the Settlement Fund created for the DHEPDS Class subject to further order of the Court as described in Section 9.

Appears in 3 contracts

Samples: Claims Settlement Agreement, Claims Settlement Agreement, www.sec.gov

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Distribution of Settlement Benefits for the DHEPDS Class. The occurrence of the Effective Date is a condition precedent to distribution of any funds to the DHEPDS Class. After the Effective Date, the portion of the Aggregate Payment allocated to the DHEPDS Class, minus any relevant previously-incurred Administrative Costs will be placed in a sub-fund of the Settlement Fund Grantor Trust created for the DHEPDS Class subject to further order of the Court as described in Section 9.

Appears in 2 contracts

Samples: Claims Settlement Agreement (Halliburton Co), Damages and Assigned Claims Settlement Agreement

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