Class Representative Awards definition

Class Representative Awards means such funds as may be awarded by the Court to be paid solely from the Settlement Fund to the Named Plaintiffs in recognition of their time, effort, and service to the Settlement Class, expended in pursuing the Action and in fulfilling their obligations and responsibilities as representatives of the Settlement Class.
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Class Representative Awards mean the proposed payments specified below in Section 8.B.
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Class Representative Awards means the amounts awarded, if any, to the Representative Plaintiffs by the Court upon application present to paragraphs 2.20 and 2.21 below.
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Examples of Class Representative Awards in a sentence

  • The Net Settlement Class Fund is the Settlement Amount less the amounts for attorneys’ fees and costs, Class Representative Awards, and Settlement Administrator expenses (i.e., ¶ 7.A-7.C above) actually awarded by the Court.

  • Class Counsel shall timely file a motion for final approval seeking a Final Approval Order and Final Judgment, including awards for Class Representative Awards to Plaintiffs, and an order awarding fees and costs to Class Counsel.

  • Defendants shall not oppose these motions provided that Plaintiffs seek no more than $3,500 as payment to the Settlement Administrator; no more than $10,000 total as Class Representative Awards to Plaintiffs; and no more than one- third of the Settlement Amount as payment to Class Counsel for attorneys’ fees and costs (with costs not to exceed the actual out-of-pocket costs and expenses of litigation).

  • The Settlement Administrator shall distribute to Plaintiffs, within 30 days after the Effective Date, the amount awarded by the Court to Plaintiffs as Class Representative Awards.

  • The Court’s determination regarding whether and in what amounts to award attorneys’ fees and costs to Class Counsel, and Class Representative Awards to Plaintiffs, shall not be grounds for terminating the Settlement Agreement or otherwise affect the enforceability of the Settlement Agreement.

Related to Class Representative Awards

  • Class Representatives means Xxxx X. Xxxxx, Xxxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxx, Xxxxxxxx X. Xxxxx, Xxxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxxx, and Xxxx Xxxxx.

  • Class Representative means Plaintiff.

  • Class Representative Service Payment means the payment to the Class Representative for initiating the Action and providing services in support of the Action.

  • Controlling Class Representative shall have the meaning assigned to the term “Directing Certificateholder” in the Lead Securitization Servicing Agreement.

  • Lead Securitization Subordinate Class Representative means the “Controlling Class Representative” as defined in the Lead Securitization Servicing Agreement or such other analogous term used in the Lead Securitization Servicing Agreement.

  • Non-Lead Securitization Subordinate Class Representative means the holders of the majority of the class of securities issued in a Non-Lead Securitization designated as the “controlling class” pursuant to the related Non-Lead Securitization Servicing Agreement or their duly appointed representative; provided that if 50% or more of the class of securities issued in any Non-Lead Securitization designated as the “controlling class” or such other class(es) otherwise assigned the rights to exercise the rights of the “Controlling Noteholder” is held by the Mortgage Loan Borrower or an Affiliate of the Mortgage Loan Borrower, no person shall be entitled to exercise the rights of the related Non-Lead Securitization Subordinate Class Representative.

  • Lead Securitization Directing Certificateholder means the “Directing Certificateholder” as defined in the Lead Securitization Servicing Agreement.

  • Directing Holder means the Holder of Note A-1 or, if Note A-1 is included in a Securitization, the holders of Certificates issued in connection with such Securitization representing the specified interest in the class of Certificates designated as the “Controlling Class” or the duly appointed representative of the holders of such Certificates or such other party that the Note A-1 Holder grants the right to exercise the rights granted to the Directing Holder in this Agreement; provided, that no Borrower Party shall be entitled to act as Directing Holder.

  • Term SOFR Administrator means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Agent in its reasonable discretion).

  • Controlling Person With respect to any Person, any other Person who “controls” such Person within the meaning of the Securities Act.

  • Controlling Holder means, as of any date of determination:

  • Non-Lead Securitization Determination Date means the “determination date” (or any term substantially similar thereto) as defined in the related Non-Lead Securitization Servicing Agreement.