Common use of Mechanics of Administration Clause in Contracts

Mechanics of Administration. (1) Except to the extent provided for in this Settlement Agreement, the mechanics of the implementation and administration of this Settlement Agreement and the Distribution Protocol shall be determined by the Courts on motions brought by Class Counsel. (2) The Settling Defendants shall not have any responsibility, financial obligations or liability whatsoever with respect to the investment, distribution or administration of monies in the Trust Account including, but not limited to, Administration Expenses and Class Counsel Fees.

Appears in 3 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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Mechanics of Administration. (1) Except to the extent provided for in this Settlement Agreement, the mechanics of the implementation and administration of this Settlement Agreement and the Distribution Protocol shall be determined by the Courts Federal Court on motions brought by Class Counsel. (2) The Settling Defendants Releasees shall not have any responsibility, financial obligations or liability whatsoever with respect to the investment, distribution or administration of monies in the Trust Account including, but not limited to, Administration Expenses and Class Counsel Fees.

Appears in 1 contract

Samples: Class Action Settlement Agreement

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Mechanics of Administration. β€Œ (1) Except to the extent provided for in this Settlement Agreement, the mechanics of the implementation and administration of this Settlement Agreement and the Distribution Protocol shall be determined by the Courts on motions brought by Class Counsel at a time within the discretion of Class Counsel. (2) The , except that the timing of the motions to approve the Settlement Agreement shall be determined after consultation with the Settling Defendants shall not have any responsibilityDefendants, financial obligations or liability whatsoever with respect and subject to the investment, distribution or administration of monies in the Trust Account including, but not limited to, Administration Expenses and Class Counsel Fees.Section 2.3. SECTION 13β€Œ

Appears in 1 contract

Samples: Settlement Agreement

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