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 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. 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 sixty ninety (6090) calendar days of June 20November 27, 2018 which will 2018. Strosberg Xxxxx Xxxxx LLP shall deposit it the Settlement Amount 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.