THE BENEFITS OF THE SETTLEMENT. 3.1. Settlement Class Counsel believes that the proposed settlement set forth in this Settlement Agreement confers substantial benefits upon the Settlement Class.
THE BENEFITS OF THE SETTLEMENT. In consideration of the Settlement, Defendants have agreed to cause the sum of $89,400,000.00 (the “Settlement Amount”) to be paid for the benefit of the Settlement Class. Del Monte shall fund sixty five million seven hundred thousand dollars ($65,700,000) of the Settlement Amount in cash, which shall include the payment by Del Monte of certain amounts previously withheld at Closing, and Barclays shall fund twenty three million seven hundred thousand dollars ($23,700,000) of the Settlement Amount in cash. The Settlement Amount, less any Fee and Expense Award approved by the Court and Administrative Costs (the “Net Settlement Amount”), will be distributed as follows, as set forth in Section B.2 , Settlement Consideration, of the Stipulation:
THE BENEFITS OF THE SETTLEMENT. In consideration of the Settlement, the Parties have implemented or have agreed to implement the following actions:
