Examples of Aggregate Settlement Amount in a sentence
The Mediators proposed that Defendants contribute the Aggregate Settlement Amount, according to a payment schedule, to reach a global settlement of all Released Claims.
The Mediators also proposed what each Defendant’s respective share of the Aggregate Settlement Amount would be.
Within twenty-one (21) days after Preliminary Approval, the Parties shall file a joint motion with the Approving Court for a determination that the Class Settlement Agreement and Individual Settlement Agreement, including the Aggregate Settlement Amount, were made in good faith under the provisions of Section 663-15.5, Hawaiʻi Revised Statutes.
Yes No Please provide the Aggregate Settlement Amount received from all asbestos defendants:$ , .
Each time any Defendant makes any payment to satisfy all or part of its Individual Defendant Aggregate Contribution, the Class Settlement Administrator and Individual Settlement Administrator shall, in the aggregate, hold back from that payment for inclusion in the Holdback Fund an amount equal to the total amount of that payment times $500 million divided by the Aggregate Settlement Amount.
Identified Plaintiffs’ Counsel assume all risk of liability for all damages, losses, and any other relief, including attorneys’ fees and costs, for any claim asserted against Releasees related to payment of Individual Plaintiffs, including related to allocation of the Individual Settlement Amount or Aggregate Settlement Amount.
Third, if, and only if, these first two sources are exhausted, the remaining Defendants will collectively pay the remainder of Defendants’ IP Administration Share, with each Defendant paying a proportion that corresponds to its Individual Defendant Aggregate Contribution divided by the Aggregate Settlement Amount.
Defendants will be responsible for, in addition to the Aggregate Settlement Amount, 50% of the Individual Settlement Administration Expenses, up to a cap of $15 million, which shall be known as the Defendants’ IP Administration Share.
The procedures set forth in Exhibit 10 to determine the Class Settlement Amount and the Individual Settlement Amount may not modify or add to any provision of this Individual Settlement Agreement or the Class Settlement Agreement, including, but not limited to, the definition of the Settlement Class in the Class Settlement Agreement, the Releases under Section VII, the Aggregate Settlement Amount, and the terms of Section 4.1.2(k).
If the Issuer shall fail to pay any part of the Aggregate Settlement Amount hereunder (if any) on the Settlement Date, the unpaid portion of such Aggregate Settlement Amount shall accrue interest from the Settlement Date until the date paid, at the rate of 12% per annum, payable monthly.