Common use of Payment of Settlement Amount Clause in Contracts

Payment of Settlement Amount. (1) Within thirty (30) business days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Ontario Counsel for deposit into the Trust Account to be held for the benefit of Settlement Class Members.

Appears in 1 contract

Samples: Canadian LCD Panels Class Action National Settlement Agreement

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Payment of Settlement Amount. (1) Within thirty (30) business days of after the Date of Execution, the Settling Defendants Defendant shall pay the Settlement Amount to Ontario Counsel for deposit into the Trust Account to be held for the benefit of Settlement Class MembersAccount.

Appears in 1 contract

Samples: Canadian Drywall Class Actions National Settlement Agreement

Payment of Settlement Amount. (1) Within thirty (30) business days of the Date of Execution, the Settling Defendants Defendant shall pay the Settlement Amount to Ontario Counsel for deposit into the Trust Account to be held for the benefit of Settlement Class MembersAccount.

Appears in 1 contract

Samples: Canadian LCD Panels Class Action National Settlement Agreement

Payment of Settlement Amount. (1) Within thirty (30) business days of after the Date of Execution, the Settling Defendants Defendant shall pay the Settlement Amount to Ontario Counsel for deposit into the Trust Account to Account. The Settlement Amount shall be held for converted into Canadian currency upon deposit into the benefit of Settlement Class MembersTrust Account.

Appears in 1 contract

Samples: Canadian Drywall Class Actions National Settlement Agreement

Payment of Settlement Amount. (1) Within thirty (30) business days of the Date of Execution, or the date of receipt of the wire transfer information from Ontario Counsel as required by Section 3.1(2), whichever is later, the Settling Defendants shall pay the Settlement Amount to Ontario Counsel Counsel, for deposit into the Trust Account to be held for the benefit of Settlement Class MembersAccount.

Appears in 1 contract

Samples: Canadian Auto Parts Class Actions National Settlement Agreement

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Payment of Settlement Amount. (1) Within thirty sixty (3060) business days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Ontario Counsel for deposit into the Trust Account Account. Apart from the single payment by the Settling Defendants of the Settlement Amount, the Releasees shall have no liability and no obligation to be held pay any amount, for any reason, pursuant to or in furtherance of this Settlement Agreement or the benefit of Settlement Class MembersReleased Claims.

Appears in 1 contract

Samples: Settlement Agreement

Payment of Settlement Amount. (1) Within thirty (30) business days of after the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Ontario Counsel for deposit into the Trust Account to be held for the benefit of Settlement Class MembersAccount.

Appears in 1 contract

Samples: Canadian Drywall Class Actions National Settlement Agreement

Payment of Settlement Amount. (1) Within thirty (30) business days of the Date of Execution, the Settling Defendants Defendant shall pay the Settlement Amount to Ontario Counsel for deposit into the Trust Account to be held for the benefit of Settlement Class Members.

Appears in 1 contract

Samples: Settlement Agreement

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