Settlement Administrator’s Fees Clause Samples
The Settlement Administrator’s Fees clause defines how the costs and expenses of the settlement administrator are handled in a legal agreement. Typically, this clause specifies who is responsible for paying these fees—such as the defendant, the settlement fund, or another party—and may outline the timing and method of payment. For example, it might state that all administrative costs related to processing claims, distributing settlement funds, and providing notice to class members are covered by the settlement fund. The core function of this clause is to ensure clarity and prevent disputes over the allocation and payment of administrative costs associated with implementing the settlement.
Settlement Administrator’s Fees. The Settlement Administrator’s fees and costs, including estimated fees and costs to fully implement the terms of this Agreement, as approved by the Court, shall be paid within ten (10) days after the Effective Date.
Settlement Administrator’s Fees. The Settlement Administrator’s fees and costs, including estimated fees and costs to fully implement the terms of this Agreement, as approved by the Court, shall be paid from the Settlement Fund within ten
Settlement Administrator’s Fees. The Settlement Administrator’s fees and costs, including estimated fees and costs to fully implement the terms of this Agreement, as approved by the Court, shall be payable twenty four (24) days after the Effective Date. The Settlement Administrator’s fees chall be paid out of the Settlement Fund.
Settlement Administrator’s Fees. Payment of the Settlement Administrator’s fees shall be made by Class Counsel within thirty (30) days following the Effective Date, or may be deducted from Class Counsel’s cost reimbursement payment at Class Counsel’s option.
Settlement Administrator’s Fees. The Settlement Administrator’s fees and costs, including estimated fees and costs to fully implement the terms of this Agreement, as approved by the Court, shall be paid within ten (10) days after entry of the Final Approval Order. The Parties Settlement Administrator agree that any fees or costs incurred by the Settlement Administrator prior to funding of the Settlement Fund shall be deferred and not invoiced until the Settlement Fund has been funded. In the event the Final Approval Order is not entered or this Agreement is terminated pursuant to Section 18 below, Defendant agrees to cover any costs incurred or fees charged by the Settlement Administrator for costs incurred and services provided prior to the denial of Final Approval or the termination of this Agreement.