Common use of Taxes and Interest Clause in Contracts

Taxes and Interest. (1) Except as hereinafter provided, all interest earned on the Settlement Amount in the Escrow Account shall accrue to the benefit of Class Members and shall become and remain part of the Settlement Fund.

Appears in 2 contracts

Samples: Fresco and Sarah Gaudet, Fresco and Sarah Gaudet

AutoNDA by SimpleDocs

Taxes and Interest. (1) Except as hereinafter providedprovided hereinafter, all interest earned on the Settlement Amount in the Escrow Account shall accrue to the benefit of the Class Members and shall become and remain part of the Settlement FundAmount held in the Escrow Account.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!