Cash Settlement Fund definition

Cash Settlement Fund means the Cash Settlement Amount plus any and all interest earned thereon while in escrow.

Cash Settlement Fund means the $30,000,000 non- reversionary cash settlement fund.

Cash Settlement Fund means the Cash Settlement Amount and any cash amounts, if paid, deemed included under ¶¶ 8, 10(d)(i) and 10(m) of this Stipulation, plus any and all interest earned thereon.

Examples of Cash Settlement Fund in a sentence

• An Independent Fiduciary has recommended that the $4 million Cash Settlement Fund be distributed among those class members who are no longer employed by Sprint and who will not receive a share of the $1.6 million Increased Vesting described in Paragraph C, below.

• By three business days after such termination or disapproval, the Cash Settlement Amount shall be returned by the Settlement Administrator to BNY Mellon; provided, however, that the interest accrued in the Cash Settlement Fund shall first be used to pay settlement administration costs already incurred by the Settlement Administrator pursuant to the Agreement, and, if any interest money remains, it too shall be returned to BNY Mellon.

• Any attorneys’ fees and expenses awarded by the Court will be paid from the Cash Settlement Fund.

• Various expenses, such as the costs of notice and claims administration and attorneys’ fees for Settlement Class Counsel, also will be paid out of the Cash Settlement Fund.

• The Settlement establishes a Cash Settlement Fund in the amount of $350,000,000 plus accrued interest.

More Definitions of Cash Settlement Fund

Cash Settlement Fund means the Cash Consideration plus any interest earned thereon.

Cash Settlement Fund means the fund described in Section II.B. below.

Cash Settlement Fund means the $6,250,000 non- reversionary cash settlement fund.

Cash Settlement Fund means as described in Section 4.1.

Cash Settlement Fund means a fund that will be used to pay Settlement Costs and all Cash Settlement Awards (as defined herein). The Cash Settlement Fund will not exceed one Million Four Hundred and Fifty Thousand Dollars ($1,450,000 USD).

Cash Settlement Fund means the fund consisting of the Cash Settlement Payment.

Cash Settlement Fund means the sum of $2,500,000, to be paid by Defendants at the time set forth in Section 17 of the Agreement. Xxx Energy I, LLC and/or Xxx Energy Corporation shall wire transfer such amount into a Special Escrow Account at PNC Bank, Pittsburgh, PA, which account will bear the title “Xxx Energy Class Settlement Fund” or similar name. Such Fund shall be a Qualified Settlement Fund within the meaning of the Treasury Reg. §§ 1.468 B-1 through 1.468 B-2, and shall bear its own federal tax identification number (E.I.N.), as obtained by the Settlement Administrators. It is currently anticipated that such account will be maintained as a Non-IOLTA Account within the meaning of Pennsylvania Rules of Professional Conduct, Rule 1.15(a) (7), unless the Court directs otherwise, in which case all interest will be paid into the IOLTA fund as provided by law. The Settlement Administrators may in their discretion, but shall not be obligated, to place portions of the Settlement Fund into related sub-accounts or Certificates of Deposit also maintained at PNC Bank, it being desirable that liquidity be maintained to permit distribution of funds at the earliest permissible and practical time. Defendants, if requested, shall cooperate with the Settlement Administrators for purposes of establishing the settlement fund as a Qualified Settlement Fund.