Australia Breast Implant Optional Settlement Fund definition

Australia Breast Implant Optional Settlement Fund means the fund established pursuant to the Australia Breast Implant Settlement Option for the payment of Claims of Australia Breast Implant Settlement Claimants.
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Examples of Australia Breast Implant Optional Settlement Fund in a sentence

  • Claimants in Class 6D shall receive payment of their Claims pursuant to the Australia Breast Implant Settlement Option from the Australia Breast Implant Optional Settlement Fund administered by a claims administrator supervised by Trustees appointed pursuant to the Australia Breast Implant Settlement Option.

  • The Settlement Facility, the Litigation Facility, the Quebec Class Action Fund, the Ontario Class Action Fund, the B.C. Class Action Fund and the Australia Breast Implant Optional Settlement Fund shall be funded pursuant to the terms of the Funding Payment Agreement.

  • The Reorganized Debtor shall receive a credit as payments are made against its obligations under the Funding Payment Agreement for all amounts paid by it to the Australia Breast Implant Optional Settlement Fund.

  • The Reorganized Debtor shall receive a credit as payments are made against its obligations under the Funding Payment Agreement for all amounts paid by it to the Quebec Class Action Fund, the Ontario Class Action Fund, the B.C. Class Action Fund and the Australia Breast Implant Optional Settlement Fund.

  • The treatment afforded the class members in Class 6D shall be cumulative of the Claims of Family Members of such Claimants, and such Family Member Claims shall be deemedreleased in consideration of the payments of the Reorganized Debtor to the Australia Breast Implant Optional Settlement Fund.

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  • The Australia Breast Implant Settlement Option permits the Trustees appointed to manage the Australia Breast Implant Optional Settlement Fund to assign the right to receive the scheduled payments from the Reorganized Debtor to a third-party financial institution in exchange for a single lump-sum payment.

  • The Reorganized Debtor will provide funding, in the aggregate amount of up to $36 million (nominal), over a seven-year period, to fund the Australia Breast Implant Optional Settlement Fund.

  • Claimants electing any of the other settlement options (medical condition/rupture) will receive their pro rata shares of the remaining Australia Breast Implant Optional Settlement Fund distributed in proportion to the base compensation ratio for the condition documented by the Claimant.

  • All payments made to Claimants in Class 6D from the Australia Breast Implant Optional Settlement Fund will be in Australian Dollars while all payments made to Claimants in Class 6.1 will be made in U.S. dollars.

Related to Australia Breast Implant Optional Settlement Fund

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  • 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).

  • Ontario Settlement Class means the settlement class in respect of the Ontario Action as defined in Schedule A.

  • Net Settlement Fund means the Settlement Fund less: (i) Court-awarded attorneys’ fees and expenses; (ii) Notice and Administration Expenses; (iii) Taxes; and (iv) any other fees or expenses approved by the Court.

  • 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.

  • Cash Settlement Averaging Period means, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity Date.

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

  • 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.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

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

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

  • 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.

  • Settlement Method Election Date With respect to any Settlement of any Transaction, the 2nd Scheduled Trading Day immediately preceding (x) the Valuation Date for such Transaction, in the case of Physical Settlement, or (y) the First Unwind Date for such Transaction, in the case of Cash Settlement or Net Share Settlement.

  • Automatic Investment Plan means a program in which regular periodic purchases (or withdrawals) are made automatically in (or from) investment accounts in accordance with a predetermined schedule and allocation. An Automatic Investment Plan includes a dividend reinvestment plan.

  • Class Prepayment Distribution Trigger For a Class of Subordinate Certificates for any Distribution Date, the Class Prepayment Distribution Trigger is satisfied if the fraction (expressed as a percentage), the numerator of which is the aggregate Current Principal Amount of such Class and each Class of Subordinate Certificates subordinate thereto, if any, and the denominator of which is the Scheduled Principal Balance of all of the Mortgage Loans as of the related Due Date, equals or exceeds such percentage calculated as of the Closing Date.

  • 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.

  • Retail Settlement Code or “Code” means this code approved by the Board and in effect at the relevant time, which, among other things, establishes a distributor’s obligations and responsibilities associated with financial settlement among retailers and consumers and provides for tracking and facilitating consumer transfers among competitive retailers.

  • Cash Payment System means a payment system that generates any transfer of funds through a transaction originated by cash, check, or similar paper instrument. This includes electronic payments to a financial institution or clearing house that subsequently issues cash, check, or similar paper instrument to the designated payee.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Settlement Classes means all Persons included in the Electrolytic Settlement Classes and the Film Settlement Classes.

  • Settlement Class Period means the period from and including January 1, 2000 through July 20, 2021.