Common use of Settlement Payment Clause in Contracts

Settlement Payment. In consideration for the release of the Released Claims and the dismissal with prejudice of the Action, within fourteen business days of the Court’s grant of Preliminary Approval, Xxxxx Farms shall pay or cause to be paid $31,500,000 (thirty-one million five hundred thousand U.S. dollars) into the Settlement Fund. a. Wayne Farms’ payment to the Escrow Agent described herein shall be by wire transfer pursuant to instructions from the Escrow Agent or Interim Co-Lead Counsel. b. The payment described in Section II(A)(1) shall constitute the total Settlement Amount and Xxxxx Farms shall have no other payment obligations to the Settlement Class or owe any further amount under this Settlement Agreement of the Action, and the obligations described in Section II(A)(2) shall continue so long as this Settlement Agreement remains in effect.

Settlement Payment. In consideration for the release of the Released Claims and the dismissal with prejudice of the Action, within fourteen business days of the Court’s grant of Preliminary Approval, Xxxxx Xxxxxxxxx Farms shall pay or cause to be paid $31,500,000 38,300,000 (thirty-one eight million five three hundred thousand U.S. dollars) into the Settlement Fund. a. Wayne x. Xxxxxxxxx Farms’ payment to the Escrow Agent described herein shall be by wire transfer pursuant to instructions from the Escrow Agent or Interim Co-Lead Counsel. b. The payment described in Section II(A)(1) shall constitute the total Settlement Amount and Xxxxx Xxxxxxxxx Farms shall have no other payment obligations to the Settlement Class or owe any further amount under this Settlement Agreement of the Action, and the obligations described in Section II(A)(2) shall continue so long as this Settlement Agreement remains in effect.