UPLIFT FEE Sample Clauses

UPLIFT FEE. 7.1. If there is a Successful Outcome and the Resolution Sum is equal to or greater than $80 million, the Claimant must (subject to clause 7.2) pay to Xxxxxxx Xxxxxxxxx an amount equal to a percentage (being the percentage set out at item K of the Schedule) of the amount payable under clause 6.1.

UPLIFT FEE. 7.1. If there is a Successful Outcome, the Claimant must (subject to clause 7.2) pay to Xxxxxxx Xxxxxxxxx an amount equal to a percentage (being the percentage set out at item K of the Schedule) of the amount payable under clause 6.1.

UPLIFT FEE. An Uplift Fee of up to 25% is allowed under the LPUL and can be charged as a premium for conducting the proceeding on a conditional fee basis; LHD Lawyers will not charge an Uplift Fee for conducting your claim. However as stated in clause 20 an additional amount of Professional Costs is charged to cover your commitment to management fees, This could be interpreted as an uplift and as such we draw your attention to this charge to avoid any confusion.

UPLIFT FEE. In the event that your claim is successful, under the Uniform Law we are entitled to charge you an additional fee of no more than 25% of the professional fees incurred on your behalf in connection with the IVS/TFS class action. This is known as the "uplift fee", and it applies to your individual costs and your share of the group costs, but excludes expenses.

UPLIFT FEE. 5.1 The Lawyers have a reasonable belief that a Resolution of the Proceeding is reasonably likely. 5.2 You acknowledge and understand that the Funder will pay:‌ (a) 75% of BLCA’s professional fees in respect of the Work (“BLCA Discount”); and‌ (b) 85% of Xxxxxxx + Xxxxx’x professional fees in respect of the Work (“G+T Discount”, and together with the BLCA Discount, the Discounts). 5.3 In consideration of the Lawyers bearing the risk that the Claims may not succeed, if an Uplift Fee Payment Event occurs in connection with the Proceeding, subject to any order of the Court, you agree that the Lawyers will be entitled to be paid from the Resolution Sum:‌ (a) the difference between:‌ (i) the amount of professional fees which the Lawyers have invoiced or will invoice applying the Discounts in respect of the time spent on the Work; and (ii) the amount of professional fees which the Lawyers have invoiced or will invoice without the Discounts in respect of the time spent on the Work; and (b) a 25% uplift fee (success premium) on the difference referred to in paragraph 5.3(a) above, (being the Deferred Fees).‌ (a) BLCA would have billed $1 million in Professional Fees but for the BLCA Discount; and (b) Xxxxxxx + Xxxxx would have billed $1 million in Professional Fees but for the G+T Discount, then following application of the Discounts: (c) only $750,000 of that amount will be due and payable to BLCA by the Funder; and (d) only $850,000 of that amount will be due and payable to Xxxxxxx + Xxxxx by the Funder. Upon an Uplift Fee Payment Event, in addition to the Professional Fees described in (c) and the Disbursements described in (d) above: (e) BLCA will be entitled to recover from the Resolution Sum, Deferred Fees equal to (f) Xxxxxxx + Xxxxx will be entitled to recover from the Resolution Sum, Deferred Fees equal to $150,000 in conditional fees for the Work pursuant to paragraph 5.3(a) above and an uplift fee of $37,500 pursuant to paragraph 5.3(b) above. 5.4 The Deferred Fees will be paid in accordance with clause 7.3(b) of the Funding Agreement. 5.5 The Uplift Fees are charged as a premium for conducting the Proceeding on a conditional fee basis and are warranted for the following reasons: (a) the extensive, complex and specialised skill required to prosecute the Claims as a class action; (b) the nature and circumstances of the Claims and the Proceedings, including their size and the amount and complexity of facts, evidence and documents to be considered; and (c)...