Common use of Timing of Class Counsel Fees Clause in Contracts

Timing of Class Counsel Fees. The Settlement Administrator shall issue 22 the Class Counsel Fees by 13 business days after the Effective Date. Within two business days after the 23 Effective Date, Class Counsel shall instruct the Settlement Administrator as to how the Class Counsel 24 Fee may be paid. The Settlement Administrator shall issue an appropriate Internal Revenue Service Form 25 1099 to Class Counsel. Class Counsel shall be solely responsible for paying all applicable taxes on any 26 Class Counsel Fee and shall indemnify and hold harmless Defendant from any claim or liability for taxes, 27 penalties, or interest arising as a result of the Class Counsel Fees. 28

Timing of Class Counsel Fees. The Settlement Administrator shall issue 22 28 the Class Counsel Fees by 13 within 15 business days after the Effective Date. Within two business days after 1 the 23 Effective Date, Class Counsel shall instruct the Settlement Administrator as to how the Class Counsel 24 2 Fee may be paid. The Settlement Administrator shall issue an appropriate Internal Revenue Service Form 25 3 1099 to Class Counsel. Class Counsel shall be solely responsible for paying all applicable taxes on any 26 4 Class Counsel Fee Fees and shall indemnify and hold harmless Defendant from any claim or liability for 5 taxes, 27 penalties, or interest arising as a result of the Class Counsel Fees. 28.

Timing of Class Counsel Fees. The Settlement Administrator shall issue 22 12 the Class Counsel Fees by 13 business days after the Effective Date. Within two business days after the 23 13 Effective Date, Class Counsel shall instruct the Settlement Administrator as to how the Class Counsel 24 14 Fee may be paid. The Settlement Administrator shall issue an appropriate Internal Revenue Service 15 Form 25 1099 to Class Counsel. Class Counsel shall be solely responsible for paying all applicable taxes 16 on any 26 Class Counsel Fee and shall indemnify and hold harmless Defendant from any claim or liability 17 for taxes, 27 penalties, or interest arising as a result of the Class Counsel Fees. 28.