Timing of Settlement Program Award and Payments Sample Clauses

Timing of Settlement Program Award and Payments. 9.1.1 HOC agrees, subject to the terms and conditions hereof (including in particular Sections 9.1, 10.2 and Article 17), and in consultation with the Claims Processor, to make the necessary payments that are required to fund the Settlement Program Awards.
AutoNDA by SimpleDocs
Timing of Settlement Program Award and Payments. 9.1.1 HOC agrees, subject to the terms and conditions hereof (including in particular Section 4.3.3, Section 9.1, and Article 17) to make the necessary payments that are required to fund the Settlement Program Awards that will, in turn, be distributed by the Qualified Settlement Fund Administrator to Settlement Program Claimants and their respective Primary Law Firm or the Settlement Program Claimant’s Primary Law Firm in trust for the respective Settlement Program Claimants pursuant to the terms and conditions of this Agreement; and the MDL and MCL Courts’ respective Orders establishing the QSF Award Account and various sub accounts including the MDL Award Fund Account and the MDL Award Fund Account.
Timing of Settlement Program Award and Payments. 7.1.1 HOC agrees, subject to the terms and conditions hereof (including in particular Section 3.2.3, Section 7.1, and Article 15) to make the necessary payments that are required to fund the Settlement Program Awards that will, in turn, be distributed by the Qualified Settlement Fund Administrator to Qualified Claimants and their respective Primary Law Firm or the Qualified Claimant’s Primary Law Firm in trust for the respective Qualified Claimants pursuant to the terms and conditions of this Agreement; and the MDL and MCL Courts’ respective Orders establishing the QSF Award Account and various sub accounts including the MDL Award Fund Account and the MCL Award Fund Account.

Related to Timing of Settlement Program Award and Payments

  • Timing of Payment or Performance When the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of Interest Period) or performance shall extend to the immediately succeeding Business Day.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!