Payment of Escrow Settlement Amount. The Contributing Parties, or some of them, on behalf of the Defendants, shall pay the Settlement Amount to Strosberg Xxxxx Xxxxx LLP, in trust, within sixty (60) calendar days of June 20, 2018 which will deposit it in an interest-bearing trust account which shall be held to the order of the insurers who are Contributing Parties and shall be paid out upon the Settlement becoming final. The Individual Defendants shall have no liability for the Settlement Amount.
Payment of Escrow Settlement Amount. Within thirty (30) days of execution of this Agreement, the Defendants shall pay or cause to be paid the Settlement Amount to Sutts, Strosberg LLP, in trust, to be held in the Escrow Account until the Opt-Out Deadline and used only for the purposes of paying the anticipated Special Expenses referred to in section 4.1 of this Agreement.
Payment of Escrow Settlement Amount. The Contributing Parties, or any of them, shall pay the Settlement Amount to Xxxxxxxx & Co., P.C., in trust, within twenty (30) calendar days of execution of this Agreement which will deposit it in an interest-bearing trust account which shall be held to the order of the Contributing Parties and shall be paid out upon the Settlement becoming final.
Payment of Escrow Settlement Amount. 1. The Contributing Parties, or any of them, shall pay the Settlement Amount to KSM, in trust, within forty-five (45) calendar days of execution of this Agreement which will deposit it in the Escrow Account, which shall be held to the order of the Contributing Parties and shall be paid out upon the Settlement becoming final in accordance with section 13 of this Agreement.
Payment of Escrow Settlement Amount. The Contributing Parties, or some of them, on behalf of the Defendants, shall pay the Settlement Amount to Sutts, Strosberg LLP, in trust, within (30) calendar days of the execution of this Agreement. The Defendants shall have no individual liability for the Settlement Amount.
Payment of Escrow Settlement Amount. (1) The Contributing Parties will pay into the Escrow Account $15,050,000 calculated as $15,500,000 less the $450,000 paid to Siskinds LLP as Non-Refundable Expenses, in accordance with the following schedule:
Payment of Escrow Settlement Amount. Each Contributing Party’s individual contribution will be paid to Class Counsel no later than thirty (30) days after the execution of this Agreement, and each Contributing Party is liable separately only for its own contribution and shall not be liable solidarily with any other Contributing Party. The Plaintiff and Class Counsel fully understand that TSGI shall not be liable jointly nor solidarily with any Contributing Party. For greater certainty, the Plaintiff and Class Counsel fully understand that they shall have no recourse against the Defendants should any Contributing Party refuse or omit to pay its own contribution.
Payment of Escrow Settlement Amount. (1) On or before May 5, 2010, BLG will pay into the Escrow Account the amount of $200,000. BLG will pay interest at the rate of 5% per year on any portion of $200,000 not deposited in the Escrow Account by May 5, 2010.
Payment of Escrow Settlement Amount. Within ten (10) days of execution of this Agreement, the Defendants shall pay or cause to be paid $75,000 (USD) of the Settlement Amount to Sutts, Strosberg LLP, in trust, to be held in trust and used only for the purposes of paying the anticipated costs referred to in sections 4.1(1)(a), 4.1(1)(b) and 10.1 of this Agreement. Within thirty (30) days after the Court issues the Approval Order, the Defendants shall pay or cause to be paid $5,275,000 (USD), being the balance of the Settlement Amount, to Sutts, Strosberg LLP, in trust, in full satisfaction of the Released Claims against the Releasees. Sutts, Strosberg LLP will transfer the Settlement Amount, less the anticipated costs referred to in sections 4.1(1)(a), 4.1(1)(b) and 10.1 of this Agreement, into the Escrow Account.
Payment of Escrow Settlement Amount. (1) Within 15 calendar days of execution of this Agreement by the Parties, Redline and its Insurer will pay into the Escrow Account the amount of $3,100,000, which amount includes a contribution of $50,000 on behalf of each of the Individual Defendants. Redline will pay interest at the rate of 5% per year on any portion of $3,100,000 not deposited into the Escrow Account by the specified date.
