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.
Funding the Settlement. No later than thirty (30) calendar days after the date the Final Approval of the Settlement can no longer be appealed or, if there are no objectors and no Plaintiffs 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, Defendant shall deposit the Gross Settlement Amount of One Million Nine Hundred Thousand Dollars ($1,900,000) needed to pay the entire GSA 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 Members’ Individual Settlement Shares.
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 Three Million One Hundred Fifty Thousand Dollars ($3,150,000) 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. 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. Defendant shall fund the settlement pursuant to the terms of this Stipulation and the Court’s Final Approval Order.
Funding the Settlement. No later than thirty (30) calendar days after the final approval of the settlement can no longer be appealed, or, if there are no objectors and no Plaintiffs 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, Defendant shall pay the Gross Fund Value of One Million One Hundred Fifty Thousand Dollars ($1,150,000.00) into the Qualified Settlement Fund set up by the Settlement Administrator by wiring the funds. Defendant shall also at this time provide any tax information that the Settlement Administrator may need to calculate each Participating Class Members’ Individual Settlement Share.
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. 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. Defendants shall wire to the Settlement Administrator the Gross Settlement Amount no later than twenty- one (21) calendar days of the Effective Final Settlement Date.
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, Defendant shall deposit the Gross Settlement Amount of Three Hundred Eighty Thousand Dollars and Zero Cents ($380,000) needed to pay the entire GSA 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 Members’ Individual Settlement Shares.
