Common use of Use of Settlement Payments Clause in Contracts

Use of Settlement Payments. It is the intent of the Parties that the payments disbursed from the Settlement Fund to Settling States and Exhibit G Participants be for Opioid Remediation, subject to limited exceptions that must be documented in accordance with subsection VII.C. In no event may less than 85% of Allergan’s payments pursuant to Section VI.A.1-3 over the entirety of all Payment Years (but not any single Payment Year) be spent on Opioid Remediation.

Appears in 9 contracts

Samples: Opioid Settlement Agreement, Opioid Settlement Agreement, Opioid Settlement Agreement

AutoNDA by SimpleDocs

Use of Settlement Payments. It is the intent of the Parties that the payments disbursed from the Settlement Fund to Settling States and Exhibit G Participants be for Opioid Remediation, subject to limited exceptions that must be documented in accordance with subsection VII.C. VIII.C. In no event may less than 85% of AllerganTeva’s payments pursuant to Section VI.A.1-3 subsection VI.A.1–4 over the entirety of all Payment Years (but not any single Payment Year) be spent on Opioid Remediation.

Appears in 7 contracts

Samples: Opioid Settlement Agreement (Teva Pharmaceutical Industries LTD), Opioid Settlement Agreement, Opioid Settlement Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.