Common use of THE SETTLEMENT PAYMENT Clause in Contracts

THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $2,200,000.00. It will also forgive Uncollected Relevant Fees totaling $625,502.00, as defined in the Settlement Agreement. As discussed separately below, attorneys’ fees, litigation costs, and the costs paid to a third- party Settlement Administrator to administer the Settlement (including mailing and emailing Notice) will be paid out of the Settlement Fund. The Net Settlement Fund will be divided among all Settlement Class Members entitled to Settlement Class Member Payments based on formulas described in the Settlement Agreement.

THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $2,200,000.001,200,000.00. It will also forgive Uncollected Relevant Fees totaling at least $625,502.00180,000, as defined in the Settlement Agreement, and change its practices regarding certain Relevant Fees going forward. As discussed separately below, attorneys’ fees, litigation costs, and the costs paid to a third- party Settlement Administrator to administer the Settlement (including mailing and emailing Noticenotice) will be paid out of the Settlement Fund. The Net Settlement Fund will be divided among all Settlement Class Members entitled to Settlement Class Member Payments based on formulas described in the Settlement Agreement.

THE SETTLEMENT PAYMENT. 9. How much is the Settlement? Defendant has agreed to create a Settlement Fund of $2,200,000.002,040,000.00. It will also forgive Uncollected Relevant Overdraft Fees totaling $625,502.0070,109. Together, these amounts make up the Value of the Settlement as defined in the Settlement Agreement. As discussed separately below, attorneys’ fees, litigation costs, and the costs paid to a third- party Settlement Claims Administrator to administer the Settlement settlement (including mailing and emailing Notice) will be paid out of the Settlement Fund. The Net Settlement Fund will be divided among all Settlement Class Members entitled to Settlement Class Member Payments payments based on formulas described in the Settlement Agreement.

THE SETTLEMENT PAYMENT. 9. How much is the SettlementSettlement and how much will I be paid? Defendant has agreed to create a Settlement Fund of $2,200,000.003,700,000.00. It will also In addition, Defendant has agreed to forgive certain Uncollected Relevant Fees totaling $625,502.00Fees, as defined in the Settlement Agreement, in an approximate amount of $276,031. As discussed separately below, attorneys’ fees, litigation costs, and the costs paid to a third- third-party Settlement Administrator to administer the Settlement settlement (including mailing and emailing Noticethis notice) will be paid out of the Settlement Fund. The Net balance of the Settlement Fund will be divided among all Settlement Class Members entitled to Settlement Class Member Payments based on formulas as described in the Settlement Agreement.