Common use of Establishment of Settlement Fund Clause in Contracts

Establishment of Settlement Fund. a. Within fourteen (14) business days of entry of the Final Approval Order, Defendant shall create the Settlement Fund by paying to the Settlement Administrator the total sum of $8,000,000.00 (Eight Million Dollars) less the sum of $150,000.00 (One Hundred and Fifty Thousand Dollars), which shall be paid to the Settlement Administrator for notice and administration expenses within ten (10) business days of the entry of the Preliminary Approval Order.

Appears in 1 contract

Samples: Settlement and Release Agreement

AutoNDA by SimpleDocs

Establishment of Settlement Fund. a. Within fourteen twenty-one (1421) business days of the entry of the Final Preliminary Approval Order, Defendant shall create the Settlement Fund by paying to the Settlement Administrator the total sum of $8,000,000.00 (Eight Million Dollars) less deposit the sum of $150,000.00 (One Hundred 850,000 into an account established and Fifty Thousand Dollars), which shall be paid to administered by the Settlement Administrator for notice at a financial institution agreed upon by the Settlement Administrator, Defendant, and administration expenses Class Counsel. The Settlement Administrator shall provide wiring instructions and a properly completed and duly executed IRS Form W-9 to Defendant within ten five (105) business days of the entry of the Preliminary Approval Order.

Appears in 1 contract

Samples: Settlement Agreement and Release

Establishment of Settlement Fund. a. Within fourteen twenty-one (1421) business days of entry of the Final Approval Order, Defendant shall create the Settlement Fund by paying to the Settlement Administrator the total sum of $8,000,000.00 (Eight Million Dollars) less the sum of $150,000.00 (One Hundred and Fifty Thousand Dollars), which shall be paid to the Settlement Administrator for notice and administration expenses within ten (10) business days of the entry of the Preliminary Approval Order., Defendant shall cause to be deposited the sum of One Million Four Hundred and Twenty-Five Thousand Dollars ($1,425,000.00), into an account established and administered by the Settlement Administrator at a financial institution agreed upon by the Settlement Administrator,

Appears in 1 contract

Samples: Settlement Agreement and Release

AutoNDA by SimpleDocs

Establishment of Settlement Fund. a. Within fourteen twenty-one (1421) business days of the entry of the Final Preliminary Approval Order, Defendant shall create the Settlement Fund by paying cause to the Settlement Administrator the total sum of $8,000,000.00 (Eight Million Dollars) less be deposited the sum of $150,000.00 (One Hundred 875,000, into an account established and Fifty Thousand Dollars), which shall be paid to administered by the Settlement Administrator for notice at a financial institution agreed upon by the Settlement Administrator, Defendant, and administration expenses Class Counsel. The Settlement Administrator shall provide wiring instructions and a properly completed and duly executed IRS Form W-9 to Defendant within ten five (105) business days of the entry of the Preliminary Approval Order.

Appears in 1 contract

Samples: Settlement Agreement and Release

Time is Money Join Law Insider Premium to draft better contracts faster.