Common use of Settlement Class Resolution, or Case-Specific Resolution Clause in Contracts

Settlement Class Resolution, or Case-Specific Resolution. 1. If Xxxxxxx made a payment as a result of the existence of a Bar, Settlement Class Resolution, or Case-Specific Resolution in a Settling State, and that Bar, Settlement Class Resolution, or Case-Specific Resolution is subject to a Revocation Event, Xxxxxxx shall receive a dollar-for-dollar offset against its obligation to make remaining payments that would be apportioned to that State or Participating Subdivisions listed on Exhibit G. This offset will be calculated as the dollar amount difference between (1) the total amount of incentive payments paid by Xxxxxxx during the time the Bar, Settlement Class Resolution, or Case- Specific Resolution subject to the Revocation Event was in effect, and (2) the total amount of Incentive Payments that would have been due from Xxxxxxx during that time without the Bar, Settlement Class Resolution, or Case-Specific Resolution subject to the Revocation Event being in effect. The amount of incentive payments that would have been due, referenced in (2) above, will be calculated based on considering any Subdivision that provides a release within one hundred eighty (180) days after the Revocation Event as having been a Participating Subdivision (in addition to all other Participating Subdivisions) during the time that the Bar, Settlement Class Resolution, or Case-Specific Resolution subject to the Revocation Event was in effect. If a Revocation Event causes a Settling State to no longer qualify for Incentive D, the Settling State shall return to Xxxxxxx all payments made under Incentive D.

Appears in 13 contracts

Samples: Janssen Settlement Agreement, Janssen Settlement Agreement, Janssen Settlement Agreement

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Settlement Class Resolution, or Case-Specific Resolution. 1. If Xxxxxxx Allergan made a payment as a result of the existence of a Bar, Settlement Class Resolution, or Case-Specific Resolution in a Settling State, and that Bar, Settlement Class Resolution, or Case-Specific Resolution is subject to a Revocation Event, Xxxxxxx Allergan shall receive a dollar-for-dollar offset against its obligation to make remaining payments that would be apportioned to that State or Participating Subdivisions or Participating Special Districts listed on Exhibit G. This offset will be calculated as the dollar amount difference between (1) the total amount of incentive payments Incentive Payments paid by Xxxxxxx Allergan during the time the Bar, Settlement Class Resolution, or Case- Case-Specific Resolution subject to the Revocation Event was in effect, and (2) the total amount of Incentive Payments that would have been due from Xxxxxxx Allergan during that time without the Bar, Settlement Class Resolution, or Case-Specific Resolution subject to the Revocation Event being in effect. The amount of incentive payments Incentive Payments that would have been due, referenced in (2) above, will be calculated based on considering any Subdivision or Special District that provides a release within one hundred eighty (180) days after the Revocation Event as having been a Participating Subdivision or Participating Special District (in addition to all other Participating SubdivisionsSubdivisions and Participating Special Districts) during the time that the Bar, Settlement Class Resolution, or Case-Specific Resolution subject to the Revocation Event was in effect. If a Revocation Event causes a Settling State to no longer qualify for one or both parts of Incentive D, the Settling State and its Exhibit G participants shall return to Xxxxxxx Allergan all relevant payments made under Incentive D.D through offsets as set forth above.

Appears in 2 contracts

Samples: Opioid Settlement Agreement, Opioid Settlement Agreement

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Settlement Class Resolution, or Case-Specific Resolution. 1. If Xxxxxxx Teva made a payment as a result of the existence of a Bar, Settlement Class Resolution, or Case-Specific Resolution in a Settling State, and that Bar, Settlement Class Resolution, or Case-Specific Resolution is subject to a Revocation Event, Xxxxxxx Teva shall receive a dollar-for-dollar offset against its obligation to make remaining payments that would be apportioned to that State or Participating Subdivisions listed on and its Exhibit G. G Participants. This offset will be calculated as the dollar amount difference between (1) the total amount of incentive payments Incentive Payments paid by Xxxxxxx Teva during the time the Bar, Settlement Class Resolution, or Case- Case-Specific Resolution subject to the Revocation Event was in effect, and (2) the total amount of Incentive Payments that would have been due from Xxxxxxx Teva during that time without the Bar, Settlement Class Resolution, or Case-Specific Resolution subject to the Revocation Event being in effect. The amount of incentive payments Incentive Payments that would have been due, referenced in (2) above, will be calculated based on considering any Subdivision or Special District that provides a release within one hundred eighty (180) days after the Revocation Event as having been a Participating Subdivision or Participating Special District (in addition to all other Participating SubdivisionsSubdivisions and Participating Special Districts) during the time that the Bar, Settlement Class Resolution, or Case-Specific Resolution subject to the Revocation Event was in effect. If a Revocation Event causes a Settling State to no longer qualify for one or both parts of Incentive D, the Settling State and its Exhibit G participants shall return to Xxxxxxx Teva all relevant payments made under Incentive D.D through offsets as set forth above.

Appears in 1 contract

Samples: Opioid Settlement Agreement (Teva Pharmaceutical Industries LTD)

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