Common use of Establishment of Settlement Fund Clause in Contracts

Establishment of Settlement Fund. a. Within twenty-one (21) days of Preliminary Approval, Defendant shall create the Settlement Fund by paying to the Settlement Administrator the total sum of $725,000.00 (Seven Hundred Twenty-Five Thousand Dollars). Provided that this Agreement is finally approved by the Court without material change, material amendment, or material modification, the Settlement Fund will be used to satisfy Approved Claims for Settlement Class Members in exchange for a comprehensive release and the covenants set forth in this Agreement, including, without limitation, a full, fair and complete release of all Released Parties from Released Claims, and dismissal of the Litigation with prejudice.

Establishment of Settlement Fund. a. Within twenty-one thirty (2130) days of the entry of the Preliminary ApprovalApproval Order, Defendant Defendants shall create the Settlement Fund by paying pay to the Settlement Administrator the total sum of Five Hundred Thousand Dollars ($725,000.00 (Seven Hundred Twenty-Five Thousand Dollars)500,000.00) to create a Settlement Fund. Provided that this Agreement is finally approved by the Court without material change, material amendment, or material modification, the Settlement Fund will be used to satisfy Approved Claims for Settlement Class Members in exchange for a comprehensive release and the covenants set forth in this Agreement, including, without limitation, a full, fair and complete release of all Released Parties Releasees from Released Claims, and dismissal of the Litigation with prejudice.

Establishment of Settlement Fund. a. Within twenty-one (21) days of Preliminary Approval, Defendant shall create the Settlement Fund by paying to the Settlement Administrator the total sum of $725,000.00 600,000.00 (Seven Six Hundred Twenty-Five Thousand Dollars). Provided that this Agreement is finally approved by the Court without material change, material amendment, or material modification, the Settlement Fund will be used to satisfy Approved Claims for Settlement Class Members and payment of all Administrative Expenses, Fee Awards and Incentive Awards, in exchange for a comprehensive release and the covenants set forth in this Agreement, including, without limitation, a full, fair and complete release of all Released Parties from Released Claims, and dismissal of the Litigation with prejudice.

Establishment of Settlement Fund. a. Within twenty-one (21) days of Preliminary Approval, Defendant shall create the Settlement Fund by paying to the Settlement Administrator the total sum of $725,000.00 467,500 (Four Hundred Sixty-Seven Thousand, Five Hundred Twenty-Five Thousand Dollars). Provided that this Agreement is finally approved by the Court without material change, material amendment, or material modification, the Settlement Fund will be used to satisfy Approved Claims for Settlement Class Members in exchange for a comprehensive release and the covenants set forth in this Agreement, including, without limitation, a full, fair and complete release of all Released Parties from Released Claims, and dismissal of the Litigation with prejudice.