Common use of Funding the Settlement Clause in Contracts

Funding the Settlement. A. American shall have no obligation to make any payments whatsoever under this Settlement Agreement until after the Court enters a Preliminary Approval Order. Once the Court enters a Preliminary Approval Order, American shall pay 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.

Funding the Settlement. A. American shall have no obligation to make any payments whatsoever under this Settlement Agreement until after the Court enters a Preliminary Approval Order. Once the Court enters a Preliminary Approval Order, American shall pay 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.