Common Contracts

SETTLEMENT AGREEMENT

Settlement Agreement • March 30th, 2010 • New York

• Contract Type
  Settlement Agreement
• Filed
  March 30th, 2010
• Jurisdiction
  New York

the WMB Recipient. Such direct distributions shall be made in the proportion to which the refunds to which such interest relates are divided between WMI, JPMC and the WMB Recipient under this Agreement (it being understood that such interest which relates to the Homeownership Carryback Refund Amount shall be paid fifty-nine and six-tenths percent (59.6%) to the FDIC Receiver and forty and four-tenths percent (40.4%) to WMI; all other such interest shall be paid seventy percent (70%) to JPMC and thirty percent (30%) to WMI). Such direct distributions to WMI, JPMC and the WMB Recipient shall be treated, for all computational purposes of this Agreement, as if such distributions were distributions to the Washington Mutual Escrow Account, the JPMC Escrow Account and the WMB Escrow Account, respectively, and released therefrom.