Common use of THE SETTLEMENT CONSIDERATION Clause in Contracts

THE SETTLEMENT CONSIDERATION. 6. In full settlement of the claims asserted in the Action against Defendants and in consideration of the releases specified in ¶¶ 4-5 above, all of which the Parties agree are good and valuable consideration, the Defendants shall cause the Settlement Amount to be paid into the Escrow Account within ten (10) business days of the later of (i) the execution of this Stipulation and (ii) Labaton Sucharow providing to Defendants’ Counsel the information necessary to effectuate payment of funds to the Escrow Account, including but not limited to, payee name and telephone number, wire transfer instructions, check delivery instructions, payment address, and a complete and executed Form W-9 for the Settlement Fund that reflects a valid tax identification number.

THE SETTLEMENT CONSIDERATION. 6. In full settlement of the claims asserted in the Action against Defendants and in consideration of the releases specified in ¶¶ 4-5 5, above, all of which the Parties agree are good and valuable consideration, the Defendants shall cause to be paid the Settlement Amount to be paid into the Escrow Account within ten twenty (1020) business days of the later of (i) the execution date of this Stipulation entry of the Preliminary Approval Order and (ii) Labaton Sucharow providing to Defendants’ Counsel the information necessary to effectuate payment of funds to the Escrow Account, including but not limited to, payee name and telephone number, wire transfer instructions, check delivery instructions, payment address, and a complete and executed Form W-9 for the Settlement Fund that reflects a valid tax identification number.