The Settlement Terms. What does the settlement provide?
The Settlement Terms. The settlement class is defined as: All persons identified by the records of Xxx Xxxxx to whom Xxx Xxxxx has sent text messages after the recipient requested to no longer receive text messages from Ima Pizza.
The Settlement Terms. 3.1 Red Brick Ltd and Blue Brick Ltd hereby agree that:
1.1.1. Red Brick Limited shall forfeit, give up and forego in its entirety the monetary claim for the sum of [One Million Naira] (N 1,000,000) against Blue Brick in relation to or arising from the Dispute; and Full content to be unlocked upon purchase
The Settlement Terms. The principal terms of the Settlement are as follows:
The Settlement Terms. 4.1 In consideration for the complete and final settlement of the claims against it, the Releases, and other promises and covenants set forth herein, Charter agrees to pay Four Hundred Five Thousand Dollars ($405,000.00) into a common fund for the benefit of the Settlement Class (the “Settlement Fund”).
4.2 Within forty-five (45) days of entry of the Court’s Preliminary Approval Order, Charter shall transfer by wire the entirety of the Settlement Fund into a Qualified Settlement Fund (“QSF”) pursuant Section 1.468B-1 et seq. of the Treasury Regulations promulgated under Section 468B of the Internal Revenue Code of 1986, as amended. The QSF shall be maintained by the Claims Administrator and held at an FDIC-insured financial institution. Any interest earned shall accrue to the benefit of the Settlement Class. Any bank fees associated with the QSF shall be paid by the escrow agent from the Settlement Fund. The Claims Administrator will timely and properly file all information and other tax returns necessary or available with respect to the settlement amounts including without limitation the returns described in Treas. Reg. Sections 1.468B-2(k)(1) and 1.468B-(2)(l).
The Settlement Terms. 22 The proposed Settlement Class consists of approximately 273,073 Earnin users who 23 incurred at least one overdraft fee or insufficient funds event fee charged by a bank that the bank 24 attributed to a withdrawal from Earnin between September 3, 2015 to May 28, 2020. 25 Per the Settlement Agreement’s terms and in exchange for a release of Settlement Class 26 Members’ claims, Earnin will provide three million dollars ($3,000,000.00) in total monetary 27 relief to fund the Settlement that will be borne by Defendant, and out of which will be paid the 28 Settlement Relief (see Section IV of the Settlement Agreement), the costs of the Settlement [PROPOSED] ORDER RE: PLAINTIFFS’ No. 5:19-cv-05543 1 MOTION 1 Administrator (see Section IV of the Settlement Agreement), any attorney’s fees awarded Class 2 Counsel by this Court after motion (see Section XI of the Settlement Agreement), and any 3 service awards the Court grants the Named Plaintiffs (see Section XI of the Settlement 4 Agreement).
The Settlement Terms. The Settlement of the Consolidated Action has been reached among Plaintiffs, acting in their individual capacities and as representatives of the Class, and Defendants. The terms and conditions of the Settlement are set forth in detail in the Stipulation, which has been filed with the Court. The Settlement is subject to and becomes effective only upon approval by the Court. This Notice only includes a summary of various terms of the Settlement, and does not purport to be a comprehensive description of its terms, which are available for review as described below.
The Settlement Terms. This Notice provides a summary of the settlement terms. Further details of the settlement including a copy of the Settlement Agreement and other relevant Judgments, notices or proceedings may be found on the Settlement Website at [Insert Settlement Website]. The Settlement Agreement provides that the Defendants will pay a total of $6,000,000.00 CAD (the “Settlement Fund”), which includes the payment of Class Counsel fees, plus taxes and disbursements, and also includes all Administration Expenses. In return for the Settlement Fund, Defendants will receive a release from all Class Members and a declaration of settlement out of court of the Class Action. The attorneys representing the Class (“Class Counsel”) is the firm of Lex Group Inc. (c/o Mtre Xxxxx Xxxxx), which can be reached at xxxxxxxxxx@xxxxxxxx.xx.
The Settlement Terms. Closing will occur upon the following being completed to the satisfaction of the Agent:
The Settlement Terms
