Establishment of the Settlement Fund Sample Clauses

Establishment of the Settlement Fund. 27. Within ten (10) business days of the entry of the Preliminary Approval Order, Plaintiff shall establish an escrow account into which Plaintiff shall deposit all payments made by Defendant under this Settlement as provided pursuant to paragraph 18..
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Establishment of the Settlement Fund a. In addition to the other benefits provided under this Settlement, Costco agrees to establish a Settlement Fund of up to $525,000.00 in exchange for the mutual releases and covenants set forth in this Agreement, including, without limitation, a full, fair, and complete release of all Releasees from Released Claims and dismissal of the Litigation with prejudice.
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Establishment of the Settlement Fund. Within five (5) days of the Effective Date (“Funding Date ”), Defendant shall cause to be paid into an account specified in writing by the Settlement Administrator Three Million Five Hundred Thousand Dollars ($3,500,000.00) (the “Settlement Fund”). Notwithstanding any other provision in this Settlement Agreement, in no event shall Defendant’s liability under this Settlement Agreement be greater than $3,500,000.00. The Settlement Administrator shall distribute the Settlement Fund pursuant to Section 7.03, which shall include a distribution to each Qualified Settlement Class Member.
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Establishment of the Settlement Fund. Subject to approval by the Court, Xxxxxxxxx agrees to establish the Settlement Fund from which payments will be made to Settlement Class Members. Berkshire will deposit the Settlement Payment Amount into the Settlement Fund in accordance with Section IX of this Agreement. The Settlement Fund will be administered by the Settlement Administrator in accordance with Section VI of this Agreement. The Settlement Administrator will make distributions from the Settlement Fund in accordance with the provisions of Section X of this Agreement.
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Establishment of the Settlement Fund. 9. a) Within ten (10) business days of the entry of the Preliminary Approval Order, Defendant shall deposit Twenty Thousand Dollars ($20,000.00) into the Escrow Account established at Monument Bank. Monument Bank shall waive all account-level fees. The remaining Four Hundred Eighty Thousand Dollars ($480,000.00) shall be deposited by Defendants within 5 business days of the Effective Date.
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Related to Establishment of the Settlement Fund

  • ADMINISTRATION OF THE SETTLEMENT 27. Any Settlement Class Member who fails timely to submit a valid Proof of Claim (substantially in the form of Exhibit 2 to Exhibit A) will not be entitled to receive any of the proceeds from the Net Settlement Fund, except as otherwise ordered by the Court, but will otherwise be bound by all of the terms of this Stipulation and the Settlement, including the terms of the Judgment or Alternative Judgment to be entered in the Action and all releases provided for herein, and will be barred from bringing any action against the Released Defendant Parties concerning the Released Claims.

  • Certification of the Settlement Class For purposes of this Settlement only, the Parties stipulate to the certification of the Settlement Class, which is contingent upon the Court entering the Final Approval Order and Judgment of this Settlement and the occurrence of the Effective Date.

  • Separate Accounts The trustee shall maintain within the trust fund a separate account for each Agricultural Contractor that signs the trust agreement to hold deposits made pursuant to this article.

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