Settlement Fund. All payments under this Section IV shall be made into the Settlement Fund, except that, where specified, they shall be made into the Settlement Fund Escrow. The Settlement Fund shall be allocated and used only as specified in Section V.
Settlement Fund. The contents of the Settlement Fund held by The Huntington National Bank (which the Court approves as the Escrow Agent), shall be deemed and considered to be in custodia legis of the Court, and shall remain subject to the jurisdiction of the Court, until such time as they shall be distributed pursuant to the Stipulation and/or further order(s) of the Court.
Settlement Fund. The interest-bearing fund established pursuant to this Agreement into which the Annual Payments are made under Section IV.
Settlement Fund. All funds held in escrow shall be deemed and considered to be in custodia legis of the Court, and shall remain subject to the jurisdiction of the Court until such time as such funds shall be disbursed pursuant to the Stipulation and/or further order of the Court.
Settlement Fund. The contents of the Settlement Fund held by Citibank, N.A. (which the Court approves as the Escrow Agent) shall be deemed and considered to be in custodia legis of the Court, and shall remain subject to the jurisdiction of the Court, until such time as they shall be distributed pursuant to the Stipulation and/or further order(s) of the Court.
Settlement Fund. 22. Each Class member shall look solely to the Settlement Fund for settlement and satisfaction, as provided herein, of all claims released by the Releasors pursuant to Paragraphs 11 to 16 herein. Except as provided by order of the Court upon finally approving and giving effect to the Settlement Agreement, no Class member shall have any interest in the Settlement Fund or any portion thereof.
Settlement Fund. The Consideration collectively referred to in ¶ 3.a. of this Agreement.
Settlement Fund. As described herein, the Settlement Fund shall be used to provide the exclusive recovery and relief for the Class, any Attorneys’ Fees and Expenses, any Service Award, and all Notice and Administrative Costs. The Settlement Fund shall be the sole and exclusive monetary contribution or consideration paid or provided by Defendant under this Settlement Agreement and Defendant shall not, under any circumstances, be obligated to pay any other additional amounts beyond the amount set forth in the definition of Settlement Fund. Any part of the Settlement Fund that is not used to provide relief for the Settlement Class, Attorneys’ Fees and Expenses, any Service Award, and any Notice and Administrative Costs shall remain with Defendant.
Settlement Fund. 6.1. Section 6.1 of the Attorneys General Settlement is incorporated herein by reference.
Settlement Fund. Class Counsel agrees that the account is intended to be, and will be, an interest-bearing Qualified Settlement Fund withing the meaning of 26 C.F.R. §1.468B-1. Interest earned on the Settlement Fund amount shall be applied to the expenses of claims administration, if any, or otherwise shall accrue for the benefit of the Class Members. The Claims Administrator is responsible for the administration and distribution of the Settlement Fund as detailed in Section IV(G)(1). The Settlement Fund shall be established by the Claims Administrator as a qualified settlement fund under the Internal Revenue Code, 26 C.F.R. § 1.468B and the Claims Administrator shall provide the relevant bank identification number, routing and account information to the Agency to permit the electronic funds transfer of the settlement monies into the Settlement Fund. The Agency shall comply with 26 C.F.R. § 1.468B-3(e), no later than February 15th of the year following each calendar year in which it made a transfer to the Settlement Fund. Such statement shall include: (a) a legend “§ 1.468B-3 Statement” at the top of the first page, (b) the Agency’s name, address, and employer identification number (EIN), (c) the Settlement Fund’s name, address, and EIN, (d) the date of each transfer to the Settlement Fund, (e) the amount of cash transferred, and (f) a description of any property, if any, transferred and its fair market value on the date of the transfer.
