Aggregate Settlement Fund definition

Aggregate Settlement Fund means the Settlement Fund described in Paragraph 4 of the Terms of the Settlement below.
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Aggregate Settlement Fund means the sum of Eighty Million and no/100 Dollars ($80,000,000.00) that Defendants collectively will pay into an Escrow Account pursuant to the terms and conditions of the Escrow Agreement, in a proportion to which they have agreed and which shall be disclosed only to the Escrow Agent (in accordance with Sections IV.A.1., IV.A.2 and VII.A.2(d)) ) and to no one else in a confidential side letter from Defendants, plus any interest, dividends and other distributions and payments earned on that sum.‌
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Aggregate Settlement Fund means the sum of the Settlement Fund and the $2,150,000.00 Sempris previously paid as consideration for settlement of the claims alleged against it.
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Examples of Aggregate Settlement Fund in a sentence

  • These amounts shall be subtracted from the Aggregate Settlement Fund to calculate the Net Aggregate Settlement Fund.

  • Only the Class Administrator may disburse money from the Aggregate Settlement Fund.

  • The Parties acknowledge and agree that the Aggregate Settlement Fund is established solely to compromise the damages claims asserted by Settlement Class Members in the Class Actions and for no other purpose.

  • The Settling Parties agree to treat the Aggregate Settlement Fund at all times as a “qualified settlement fund” (“QSF”) within the meaning of Section 468B of the Internal Revenue Code of 1986, as amended, and United States Treasury Regulations thereunder, including § 1.468B-1.

  • Within ten (10) business days of the Effective Date, Virgin Scent or its Insurers shall deposit the amount of the Net Aggregate Settlement Fund into an escrow account to be managed by the Class Administrator or bank to be approved by the Parties, from which individual settlement payments shall be allocated and paid to Settlement Class Members in the manner approved by the Court.

  • Settlement Class Members shall be eligible for monetary payments from the Net Aggregate Settlement Fund as follows.

  • If so directed, the Custodian shall also calculate daily the net income of the Fund as described in the Fund's currently effective prospectus related to the Fund and shall advise the Fund and the Transfer Agent daily of the total amounts of such net income and, if instructed in writing by an officer of the Fund to do so, shall advise the Transfer Agent periodically of the division of such net income among its various components.

  • All reasonable Class Notice and Administration Costs will be paid from the Aggregate Settlement Fund, as set forth in Paragraph 10 above.

  • Any Attorneys’ Fee, Costs, and Expenses Award shall be paid from the Aggregate Settlement Fund.

  • The cost of CAFA Notice shall be paid from the Aggregate Settlement Fund.


More Definitions of Aggregate Settlement Fund

Aggregate Settlement Fund means the settlement fund created within five (5) business days following the Final Effective Date by transferring the Comdata/Ceridian Settlement Fund, the Love’s Settlement Fund, the Pilot Settlement Fund, and the TA Settlement Fund into a single sub-account within the Escrow Account.
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Related to Aggregate Settlement Fund

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • Settlement Funds means moneys allocated to this state from the environmental mitigation trust specified in par. (d) and received by the state from the trustee.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Net Settlement Fund means the Settlement Fund, plus accrued interest, less any award of attorneys’ fees or reimbursement of expenses and less applicable taxes, tax preparation expenses, and costs of notice and administration, that may be awarded or approved by the Court.

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Qualified Settlement Fund or “Settlement Fund” means the interest-bearing, settlement fund account to be established and maintained by the Escrow Agent in accordance with Article 5 herein and referred to as the Qualified Settlement Fund (within the meaning of Treas. Reg. § 1.468B-1).

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • PIPE Investment Amount means the aggregate gross purchase price received by Acquiror prior to or substantially concurrently with Closing for the shares in the PIPE Investment.

  • Individual Settlement Payment means the amount payable from the Net

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

  • Investment Amount means the dollar amount to be invested by Investor to purchase Put Shares with respect to any Put as notified by the Company to Investor in accordance with Section 2.2.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Settlement Amount has the meaning specified in Section 14.02(a)(iv).

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Available Distribution Amount As to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, an amount equal to (a) the sum of (i) the amount relating to the Mortgage Loans on deposit in the Custodial Account as of the close of business on the immediately preceding Determination Date, including any Subsequent Recoveries, and amounts deposited in the Custodial Account in connection with the substitution of Qualified Substitute Mortgage Loans, (ii) the amount of any Advance made on the immediately preceding Certificate Account Deposit Date, (iii) any amount deposited in the Certificate Account on the related Certificate Account Deposit Date pursuant to the second paragraph of Section 3.12(a), (iv) any amount deposited in the Certificate Account pursuant to Section 4.07, (v) any amount that the Master Servicer is not permitted to withdraw from the Custodial Account or the Certificate Account pursuant to Section 3.16(e), (vi) any amount received by the Trustee pursuant to the Surety Bond in respect of such Distribution Date and (vii) the proceeds of any Pledged Assets received by the Master Servicer, reduced by (b) the sum as of the close of business on the immediately preceding Determination Date of (w) aggregate Foreclosure Profits, (x) the Amount Held for Future Distribution, and (y) amounts permitted to be withdrawn by the Master Servicer from the Custodial Account in respect of the Mortgage Loans pursuant to clauses (ii)-(x), inclusive, of Section 3.10(a). Such amount shall be determined separately for each Loan Group. Additionally, with respect to any Mortgage Pool that is comprised of two or more Loan Groups, if on any Distribution Date Compensating Interest provided pursuant to this Section 3.16(e) is less than Prepayment Interest Shortfalls incurred on the Mortgage Loans in connection with Principal Prepayments in Full and Curtailments made in the prior calendar month, such Compensating Interest shall be allocated on such Distribution Date to the Available Distribution Amount for each Loan Group on a pro rata basis in accordance with the respective amounts of such Prepayment Interest Shortfalls incurred on the Mortgage Loans in such Loan Group in respect of such Distribution Date.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Early Settlement Amount has the meaning specified in Section 5.9(a).