Common use of To Settlement Class Members Clause in Contracts

To Settlement Class Members. The IPEX Funding Entities shall fund a settlement of US $125,000,000.00 to be held in escrow and trust and thereafter distributed in a manner created by Class Counsel and approved by the Courts that grant the Preliminary Approval Orders and the Final Orders and Judgments as part of the Claims Process, including payments of claims to be determined by an independent Claims Administrator to be appointed by the Courts as contemplated in paragraph 67. Consistent with the terms of this Agreement, the IPEX Funding Entities shall deposit the US $125,000,000.00 into a Settlement Fund to be held in escrow and trust, up to US $100,000,000.00 of which may be used to compensate the Settlement Classes, the cost of administration and notice, and up to US $25,000,000.00 of which may be used to pay any award of attorneys' fees and costs, as ordered by the Courts. Accordingly, within 15 business days from entry of the last of the Preliminary Approval Orders, the IPEX Funding Entities shall pay into the settlement account established by this Agreement the sum of US $125,000,000.00.

To Settlement Class Members. The IPEX Funding Entities shall fund a settlement of US $125,000,000.00 to be held in escrow and trust and thereafter distributed in a manner created by Class Counsel and approved by the Courts that grant the Preliminary Approval Orders and the Final Orders and Judgments as part of the Claims Process, including payments of claims to be determined by an independent Claims Administrator to be appointed by the Courts as contemplated in paragraph 67. Consistent with the terms of this Agreement, the IPEX Funding Entities shall deposit the US $125,000,000.00 into a Settlement Fund to be held in escrow and trust, up to US $100,000,000.00 of which may be used to compensate the Settlement Classes, the cost of administration and notice, and up to US $25,000,000.00 of which may be used to pay any award of attorneys' ’ fees and costs, as ordered by the Courts. Accordingly, within 15 business days from entry of the last of the Preliminary Approval Orders, the IPEX Funding Entities shall pay into the settlement account established by this Agreement the sum of US $125,000,000.00.