Non-Reversionary Settlement Sample Clauses

Non-Reversionary Settlement. There will be no reversion of any amount in the Net Settlement Fund to Elixir.
Sample 1Sample 2
AutoNDA by SimpleDocs
Non-Reversionary Settlement. The entirety of the Settlement Fund will be utilized to pay Settlement Class Members, Service Awards, Class Counsel Fees and Expenses, Settlement Administrator Fees and Costs and the Cy Pres Amount according to the terms of this Agreement. The Parties agree that no amount of the Settlement Fund will revert back to Defendants once paid pursuant to this Agreement.
Sample 1
Non-Reversionary Settlement. The Gross Settlement Amount of $130,000 is non-reversionary. To the extent that an Individual Settlement Payment check is (1) undeliverable, or (2) uncashed 180 days after issuance, the Individual Settlement Payment check shall be sent to the California Unclaimed Property Fund for the benefit of the Participating Settlement Class Member to whom the Individual Settlement Payment Check is addressed.
Sample 1
Non-Reversionary Settlement. This is a non-revisionary Settlement. No excess, additional or unclaimed amounts from the Gross Settlement Amount, shall revert back to Settling Entities if the Settlement becomes Effective. Notwithstanding the above, if any amounts from the Gross Settlement Amount remain in the Reserve Fund after May 1, 2021, those funds shall be paid to one or more of the following cy pres organization(s) as approved by the Court: (i) the Doe Fund; (ii) the Partnership for the Homeless; and/or (iii) any similar charitable organization that assists economically disadvantaged individuals in New York City in obtaining services, housing and/or employment opportunities, with a preference to be given to organizations whose geographic focus is within Brooklyn, New York.
Sample 1

Related to Non-Reversionary Settlement

  • Monetary Settlement Terms 3.1 Civil Penalty Payment

  • Termination of Settlement If the Settlement is terminated as provided in the Stipulation, the Settlement is not approved, or the Effective Date of the Settlement otherwise fails to occur, this Order shall be vacated, rendered null and void and be of no further force and effect, except as otherwise provided by the Stipulation, and this Order shall be without prejudice to the rights of Lead Plaintiffs, the other Settlement Class Members and Defendants, and the Parties shall revert to their respective positions in the Action as of March 11, 2016, as provided in the Stipulation.

  • Final Settlement The Parties agree and acknowledge that this Compromise Agreement shall constitute a final settlement between the Parties. This Compromise Agreement resolves only issues addressed in the Compromise Agreement.

  • Final Settlement Approval 4.1 No later than ten (10) business days before the Fairness Hearing, Class Counsel shall submit to the Court a motion for entry of the Final Order (Exhibit 5) in the form approved by Class Counsel and Defense Counsel, which shall request approval by the Court of the terms of this Settlement Agreement and entry of the Final Order in accordance with this Settlement Agreement. The Final Order as proposed by the Settling Parties shall provide for the following, among other things, as is necessary to carry out the Settlement consistent with applicable law and governing Plan documents:

Time is Money Join Law Insider Premium to draft better contracts faster.