Funding the Settlement. Within thirty (30) days of the Preliminary Approval Order, Xxxxxxxx-Xxxxx shall deposit a minimum of two million dollars ($2,000,000.00) into a Fund that will be used to pay the Minimum Settlement Amount and Notice and Administration Expenses (“Settlement Fund”). Preliminarily, this initial deposit in the fund will be used to pay Notice and Administration Expenses, and may be applied toward the Minimum Settlement Amount only as described below. No later than thirty (30) days from the date of the Final Approval Order and Judgment, Xxxxxxxx-Xxxxx shall ensure that all Notice and Administration Expenses (unless otherwise agreed by Xxxxxxxx-Xxxxx and the Settlement Administrator), Service Awards, and Fee Award and Costs approved by the Court are paid. As soon as reasonably practicable after all validly submitted Claims have been reviewed and approved or rejected, the Settlement Administrator shall notify the Parties of the total Amount Payable for Approved Claims. No later than thirty (30) days from the date that the Settlement Administrator provides such notice, Xxxxxxxx-Xxxxx shall deposit, at a minimum, funds into the Settlement Fund sufficient to satisfy its obligation to pay the Minimum Settlement Amount for Approved Claims, and if the Amount Payable for Approved Claims exceeds the Minimum Settlement Amount, Xxxxxxxx-Xxxxx shall deposit funds in the Settlement Fund to satisfy any additional Approved Claims in an amount not to exceed the Maximum Settlement Amount, notwithstanding that there may be a minority of Claims subject to appeal or further determination. If the Amount Payable for Approved Claims is less than the Minimum Settlement Amount, Xxxxxxxx-Xxxxx shall receive a credit towards its other obligations: first to Notice and Administration Expenses, and second to the Fee Award and Costs, in which case Xxxxxxxx-Xxxxx must fund the Settlement sufficient to satisfy the Amount Payable for Approved Claims and the Minimum Settlement Amount less the applicable credits described herein. If the sum of the Amount Payable for Approved Claims exceeds $13.5 million, then payments to Participating Settlement Class Members shall be reduced pro rata so that the total of all payments for valid Claims under the Settlement Agreement does not exceed the Maximum Settlement Amount. If the Amount Payable for Approved Claims and the cost of Notice and Administration Expenses and the Fee Award and Costs together amount to less than the Minimum Settlement Amount, the Partie...
Funding the Settlement. No later than twenty-one (21) calendar days after the Effective Final Settlement Date, Defendant shall deposit the Gross Settlement Amount of One Million and Nine Hundred Thousand Dollars ($1,900,000) needed to pay the entire Gross Settlement Amount by wiring the funds to the Settlement Administrator. Defendant shall also at this time provide any tax information that the Settlement Administrator may need to calculate each Participating Class Member’s Individual Settlement Share.
Funding the Settlement. No later than twenty-one (21) calendar days after the date the Final Approval of the Settlement can no longer be appealed or, if there are no objectors and no Plaintiff in intervention at the time the Court grants Final Approval of the Settlement, the date the court enters judgment granting Final Approval of the Settlement, Defendants shall deposit the Gross Settlement Amount of One Million Dollars ($1,000,000) needed to pay the entire GSA by wiring the funds to the Settlement Administrator. Defendants shall also at this time provide any tax information that the Settlement Administrator may need to calculate each Participating Class Members’ Individual Settlement Shares.
Funding the Settlement. Defendant shall fund the settlement pursuant to the terms of this Stipulation and the Court’s Final Approval Order.
Funding the Settlement. Defendant shall wire to the Settlement Administrator the Gross Settlement Amount within ten (10) business days of the Effective Final Settlement Date.
Funding the Settlement. Within fourteen (14) calendar days of the Effective Final Settlement Date, Defendant shall deposit the Gross Settlement Amount of Two Million Dollars ($2,000,000.00) into the QSF (as defined below). Defendant shall also at this time provide any tax information that the Settlement Administrator may need to calculate each Participating Class Member’s Individual Settlement Share.
Funding the Settlement. A. American shall have no obligation to make any payments under this Settlement Agreement until after the Court enters a Preliminary Approval Order.
B. Once the Court enters a Preliminary Approval Order, American shall pay agreed- upon reasonable Notice and Administration Costs arising under this Settlement Agreement by making such payments directly to the Settlement Administrator (or to such other party incurring such costs) as those costs are incurred and payment becomes due.
C. Within thirty (30) Days of the Effective Date, American will cause an amount sufficient to cover the Refund Total, to be transferred to the Settlement Account as designated by the Settlement Administrator. Any interest that accrues on the Refund Total in the Settlement Account will be added to the Refund Total.
D. Any amounts remaining in the Settlement Account after one hundred and eighty (180) Days from the Settlement Administrator’s final mailing of Refunds to Settlement Class Members, including any interest that accrued, shall revert in full to American.
E. American shall not be obligated to pay more under this Settlement Agreement than the Refund Total, Notice and Administration Costs, the Attorneys’ Fees, Expenses and Costs Award, and the Incentive Award.
Funding the Settlement. Within fourteen (14) calendar days of the Effective Final Settlement Date, Defendants shall deposit the Gross Settlement Amount of One Hundred and Sixty Thousand Dollars ($160,000.00) plus any applicable employer-side payroll taxes into the QSF (as defined below). Defendants shall also at this time provide any tax information that the Settlement Administrator may need to calculate each Participating Class Member’s Individual Settlement Share.
Funding the Settlement. No later than twenty-one (21) calendar days after the Effective Final Settlement Date, Defendant will wire the Gross Settlement Amount to the Settlement Administrator.
Funding the Settlement. No later than twenty-one (21) calendar days after: (a) the date the Final Approval of the Settlement can no longer be appealed; or (b) the date the Court enters judgment granting Final Approval of the Settlement if there are no objectors and no Plaintiffs in intervention at the time the Court grants Final Approval of the Settlement, Defendant shall deposit the Gross Settlement Amount of One Million Two Hundred Thousand Dollars ($1,200,000) by wiring the funds to the Settlement Administrator. Upon the Settlement Administrator’s request, Defendant shall also provide any tax information the Settlement Administrator may need to calculate payments to Participating Class Members and Class Members.
