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Settlement Proceeds Sample Clauses

Settlement ProceedsThe Parties agree that the Settlement Proceeds and other consideration provided by Anadarko herein will resolve the Adversary Proceeding on the terms stated herein, with approximately 88% of the net proceeds distributed pursuant to the Distribution Scheme as and to the extent set forth in the Litigation Trust Agreement, Environmental Settlement Agreement and the Environmental and Tort Trust Agreements for the benefit of trusts created to conduct Environmental Actions at one or more Covered Sites and to federal, state, or tribal governments in satisfaction of claims for costs previously expended, or to be expended, at Covered Sites or for Environmental Actions expected to be performed at Covered Sites, and approximately 12% of the net proceeds distributed to the Tort Trust on account of Bankruptcy Tort Claims.
Settlement Proceeds. Hangover Joe's shall cause Assignees to enter into and execute the Assignment Agreements, pursuant to which the Assignees shall pay to the TCA Fund a total of Four Hundred Sixty Thousand Dollars ($460,000.00) in a series of tranches set forth in the Assignment Agreements. In addition, Hangover Joe's shall pay to the TCA Fund a total of Fifty-Three Thousand Dollars ($53,000.00) by a date that is not later than sixty (60) days after the date when the full amount payable by the Assignees under the Assignment Agreements is paid in full to the TCA Fund (all the payments payable by the Assignees to the TCA Fund under the Assignment Agreement, together with the payment due from Hangover Joe's, are collectively referred to as the "Settlement Proceeds"). In the event that Assignees and Hangover Joe's discharge all obligations as provided for herein and in the Assignment Agreements and the TCA Fund is paid in full for all obligations owing by Hangover Joe's to TCA Fund under the "Transaction Documents" (as hereinafter defined), this Agreement and the Assignment Agreements (collectively, the "Obligations"), then the TCA Fund shall file an Amended Joint Stipulation of Dismissal of Complaint With Prejudice with respect to all parties and defendants in the Pending Litigation, and the Parties shall execute mutual general releases in form and substance acceptable to all Parties. The Obligations of Hangover Joe's and Validity Guarantor to TCA Fund shall not exceed the total unpaid balance of the Settlement Proceeds, except as provided in Sections 5 and 16 below.
Settlement Proceeds. CardConnect has agreed to pay up to Seven Million, Six Hundred and Fifty Thousand U.S. Dollars and Zero Cents ($7,650,000.00) to settle the Action (“Settlement Proceeds”). From the Settlement Proceeds, the following amounts will be paid: (a) payment of the Court-authorized Attorneys’ Fees and Costs awarded to Class Counsel; (b) payment of the Court-authorized Incentive Awards awarded to the Class Representatives; and (c) payment of the Administration Costs of the Settlement, including the cost of providing notice.
Settlement Proceeds. Any recovery or settlement received in connection with any suit initiated by Licensee under Section 6.5.2 above shall first be used to reimburse each Party’s litigation costs. Any recovery in excess of litigation costs of Licensee and Licensor shall be shared between Licensee and Licensor as follows: for any suit initiated by Licensee, [***]; and in any suit initiated by Licensor, at its expense, in which Licensee does not participate, [***].
Settlement Proceeds. In settlement of all claims, disputes and differences that Xx. Xxxxxx alleged or could have alleged in the Lawsuit or otherwise based on the Incident or arising from it in any way, including any claim for attorney’s fees, the MBTA agrees as follows: (i) to pay Xx. Xxxxxx the total sum of $57,500 (“Settlement Proceeds”) no later than 45 days after the receipt by the MBTA of this Agreement, signed by all parties, by sending a check made payable to “Xxxx Xxxxxxx Xxxxxxby hand or overnight courier to the American Civil Liberties Union Foundation of Massachusetts (the “ACLU”); (ii) to pay the ACLU the total sum of $67,500 in legal fees and costs no later than 45 days after the receipt by the MBTA of this Agreement, signed by all parties , by sending a check made payable to “ACLU Foundation of Massachusetts, Inc.” by hand or overnight courier to the ACLU; and (iii) if either check is sent later than 45 days after the MBTA’s receipt of a fully executed copy of this Agreement, the MBTA shall pay interest on that sum at a prorated amount of 1.5% each month it is past due.
Settlement Proceeds. Notwithstanding anything else contained herein to the contrary, Mid-Power acknowledges and agrees that the proceeds of any settlement reached with Petroleum Development Corporation ("PDC") regarding a contractual dispute between Xxxxx and PDC shall be payable solely to Xxxxx. Xxxxx believes that the amount of such settlement proceeds may be $287,500.00 and Mid-Power agrees that all negotiations are to be conducted at the sole and absolute discretion of Xxxxx without any direction by or from Mid-Power. In the event a settlement with PDC is not reached, Xxxxx, on the same basis as set forth above, may pursue any and all causes of action or claims against PDC arising from the agreements between PDC and Xxxxx, including mediation, arbitration and/or suits at law and the like, all at Xxxxx' cost and expense. Mid-Power agrees to cooperate with Xxxxx to effect the intent of this Section 6.09. Xxxxx agrees to indemnify Mid-Power as related to acts/actions covered within this Section 6.09.
Settlement Proceeds. ABCX agrees to pay, and Broady hereby accepts payment of, an aggregate net amount of $185,000.00 (the "SETTLEMENT PROCEEDS") to Broady in full settlement of all claims, potential claims, demands, xxxxxxial litigation and disputes between the parties that arise out of, relate to or in any way concern Broady's employment relationship with ABCX or services he provided fxx XXXX or the Severance Agreement. The Settlement Proceeds to be paid to Broady are net of applicable required withholding taxes. ABCX shall xxxxxxr to Broady appropriate documentation itemizing the gross amounts of the Xxxxxxment Payments.
Settlement ProceedsThe Acquirer is responsible for payment of the Settlement Proceeds to you in accordance with your Merchant Account Agreement.
Settlement ProceedsSubject to the Settlement taking effect and the Effective Date occurring, Defendants shall pay a total of $493,227.84 (the “Settlement Fund”) with reversion to Defendants as set out below. The Settlement Fund shall be “all inclusive,” meaning that it shall be used to satisfy all of the following: (1) the settlement awards to be paid to Eligible Class Members, (2) all employer and employee payroll taxes and withholdings associated with the Settlement Awards, (3) the incentive award to be paid to the Plaintiff, (4) the award of attorneys’ fees to Class Counsel, (5) the expenses and costs of litigation to be paid to Class Counsel, and (6) an award of settlement administration expenses to be paid to the Settlement Administrator, all as approved by the Superior Court. Notwithstanding any other provision of this Agreement, in no event shall Defendants be obligated to pay more than $493,227.84 in settlement of this case, other than for their attorneys’ fees. The Settlement Fund shall be allocated as follows: 1. An incentive award to Plaintiff of $5,000, subject to Court approval, for his service as the Settlement Class Representative. If the Court awards anything less than $5,000 in relation to the incentive award request, then the difference between $5,000 and the amount received by Plaintiff shall be treated as part of the Class Fund as defined below.
Settlement Proceeds. The Woodside Settlement Sum, the JPMorgan Settlement Sum, and the Pioneer Settlement Sum will together be referred to as the “Settlement Proceeds.”