CAFA definition
Examples of CAFA in a sentence
Defendant agrees to establish the Settlement Fund, a non-reversionary common fund of $3,100,000 which shall be used to pay all Settlement expenses, including Notice and Other Administrative Costs; CAFA notice, the Fee Award; Service Awards; and Settlement Class Members’ Claims.
The amount of the cash payment shall be increased or decreased on a pro rata basis, based on the funds remaining in the Settlement Fund following the payment of the following: the Fee Award, any Service Awards, the Costs of Settlement Administration, CAFA Notice, claims for Documented Out-of-Pocket Losses (as may be reduced pro rata, if required), and the cost of credit monitoring (as may be reduced pro rata, if required) (collectively, the “Total Cost of Settlement”).
The Settlement Administrator shall also provide CAFA Notice as directed by that statute.
In the event that any of the government officials who received a CAFA Notice object to and request modifications to the Settlement, Class Representatives and Class Counsel agree to cooperate and work with Defendants and Defense Counsel to overcome such objection(s) and requested modifications.
Amounts equal to the cost of publishing the Notice Plan, CAFA Notice, and other administrative costs (as incurred), to be paid within thirty (30) days of when such amounts are invoiced to Defendant along with wire instructions and other required documentation and become due and owing.