Common use of Payment of Escrow Settlement Amount Clause in Contracts

Payment of Escrow Settlement Amount. The Contributing Parties, or some of them, on behalf of the Settling Defendants, shall pay the Settlement Amount to Strosberg Xxxxx Xxxxx LLP, in trust, within ninety (90) calendar days of November 27, 2018. Strosberg Xxxxx Xxxxx LLP shall deposit the Settlement Amount in an interest-bearing trust account which shall be held to the order of the Contributing Parties and shall be paid out to Strosberg Xxxxx Xxxxx LLP upon the Settlement becoming final.

Payment of Escrow Settlement Amount. The Contributing Parties, or some of them, on behalf of the Settling Defendants, shall pay the Settlement Amount to Strosberg Xxxxx Xxxxx LLP, in trust, within ninety sixty (9060) calendar days of November 27June 20, 2018. Strosberg Xxxxx Xxxxx LLP shall 2018 which will deposit the Settlement Amount 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 to Strosberg Xxxxx Xxxxx LLP upon the Settlement becoming final. The Individual Defendants shall have no liability for the Settlement Amount.