Class Proceedings Fund definition

Class Proceedings Fund means the Class Proceedings Fund of the Law Foundation of Ontario as provided for by section 59.1 of the Law Society Act;
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Class Proceedings Fund means the entity established by the Law Foundation of Ontario to provide financial assistance to plaintiffs in Ontario class actions pursuant to the Law Society Act, R.S.O. 1990, c. L.8.
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Class Proceedings Fund means the Class Proceedings Fund of the Law Foundation of Ontario;
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Examples of Class Proceedings Fund in a sentence

  • So that this action could proceed, the Class Proceedings Fund provided an indemnity to the representative Plaintiff (for the potential adverse costs that he would risk on behalf of the class) and funded some disbursements.

  • The plaintiff has been granted funding and indemnification from an adverse costs award and funding from the Class Proceedings Fund (“CPF”).

  • The Representative Plaintiff has been granted funding and indemnification from an adverse costs award by the Class Proceedings Fund (“CPF”).

  • Therefore, pursuant to Regulation 771/92 of the Law Society Act, the Class Proceedings Fund must be paid a levy of 10% of the net proceeds of the retroactive payments, as well as repayment of the disbursements it funded.

  • In reaching these conclusions, Justice Nishikawa noted that Rodger had admitted to dissipating 125’s assets after selling its Pet Valu franchise and had not availed himself of funding sources for the Class Action (such as an indemnity from class counsel, the Class Proceedings Fund, or any third party litigation funders).

  • IICA shall advise the contractor of instances where sub-standard performance is observed and the associated Default Scores deducted as per below.

  • The $37 million, less the lawyers’ fees, disbursements and taxes, the costs of administration of the settlement and the amount owed to the Class Proceedings Fund will be distributed to the Class in accordance with a plan of allocation.

  • Distributions to the Ontario Class Members will be subject to a ten (10) percent deduction for the Class Proceedings Fund.

  • This includes a requirement that the plaintiff notify the other class members, if the class is certified, that the recipient has received financial support from the Class Proceedings Fund in respect of the proceeding; and that there will be a levy that reduces the amount of any award or settlement funds to which the class members may become entitled.

  • In this case, the Plaintiff has received financial support from the Class Proceedings Fund (the "Fund"), which is a body created by statute and designed to allow access to the courts through class actions in Ontario.


More Definitions of Class Proceedings Fund

Class Proceedings Fund has the same meaning as defined in section 59.1 of the
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Related to Class Proceedings Fund

  • winding-up proceedings means collective proceedings involving realisation of the assets and distribution of the proceeds among the creditors, shareholders or members as appropriate, which involve any intervention by administrative or judicial authorities, including where the collective proceedings are terminated by a composition or other analogous measure, whether or not they are founded on insolvency or are voluntary or compulsory;

  • CCAA Proceedings means the proceedings commenced by the Applicant under the CCAA as contemplated by the Initial Order;

  • civil proceedings means any proceedings in or before any court or tribunal that are not criminal proceedings;

  • Released Class Claims means the claims being released as described in Paragraph 6.2 below.

  • principal class of shares means the class or classes of shares representing a majority of the voting power and value of the company;

  • Formal proceedings means proceedings conducted before a judge with notice to interested persons.

  • ADR Proceeding means either an Arbitration or a Mediation.

  • Bankruptcy Proceedings has the meaning set forth in clause (b) of paragraph 9 hereof.

  • Tax Claims means any Claim against the Participating CCAA Parties (or any one of them) for any Taxes in respect of any taxation year or period ending on or prior to the applicable Filing Date, and in any case where a taxation year or period commences on or prior to the applicable Filing Date, for any Taxes in respect of or attributable to the portion of the taxation period commencing prior to the applicable Filing Date and up to and including the applicable Filing Date. For greater certainty, a Tax Claim shall include, without limitation, (a) any and all Claims of any Taxing Authority in respect of transfer pricing adjustments and any Canadian or non- resident Tax related thereto, and (b) any Claims against any BL/Wabush Released Party in respect of such Taxes;

  • Adjudicative proceeding means the procedure to be followed in contested cases, as set forth in RSA 541-A:31 through RSA 541-A:36.

  • Preferred claim means a claim with respect to which the terms of this chapter accord priority of payment from the general assets of the insurer.

  • General Unsecured Claims means any unsecured claim (other than an Administrative Claim, a Priority Tax Claim, an Other Priority Claim, a Prepetition Term Loan Claim, or an Intercompany Claim) against one or more of the Debtors including (a) Claims arising from the rejection of Unexpired Leases and Executory Contracts to which a Debtor is a party, and (b) Claims arising from any litigation or other court, administrative or regulatory proceeding, including damages or judgments entered against, or settlement amounts owing by a Debtor related thereto.

  • General Unsecured Claim means any Claim that is not a/an: Administrative Claim; DIP Facility Claim; Professional Fee Claim; Priority Tax Claim; Secured Tax Claim; Other Priority Claim; Other Secured Claim; Intercompany Claim; Prepetition Debt Claim; or 510(b) Equity Claim.

  • Class Action means a legal action:

  • Unsecured Claims means claims which are not secured by any property of the Debtor’s Estate and which are not part of any other class defined in this Plan.

  • Disputed Claims Reserve means a reserve of Cash that may be funded on or after the Effective Date pursuant to Article VII.E hereof.

  • Intercompany Claim means any Claim held by a Debtor against another Debtor.

  • Senior Liquidation Amount For any Distribution Date, the sum of (A) the aggregate, for each Mortgage Loan which became a Liquidated Mortgage Loan during the Prior Period, of the lesser of: (i) the Senior Percentage of the Principal Balance of such Mortgage Loan and (ii) the Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan and (B) the Senior Prepayment Percentage of any Subsequent Recoveries for such Distribution Date.

  • First Liquidation Target Amount has the meaning assigned to such term in Section 6.1(c)(i)(D).

  • relevant proceedings means proceedings for contempt of court or proceedings under Schedule 2 to the Anti-social Behaviour, Crime and Policing Act 2014;

  • Intercompany Claims means, collectively, any Claim held by a Debtor against another Debtor.

  • Proceedings means any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration.

  • Equitable Defenses means any bankruptcy, insolvency, reorganization or other Laws affecting creditors’ rights generally and, with regard to equitable remedies, the discretion of the court before which proceedings may be pending to obtain same.

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Informal proceedings means proceedings for probate of a will or appointment of a personal representative conducted by the probate register without notice to interested persons.

  • Subordinate Liquidation Amount For any Distribution Date and each Loan Group, the excess, if any, of the aggregate Liquidation Principal of Mortgage Loans related to that Loan Group which became Liquidated Mortgage Loans during the prior calendar month over the related Senior Liquidation Amount for that Distribution Date.