Class Settlement Fund definition

Class Settlement Fund means the fund that will be established and maintained to resolve the claims at issue, as described in Section III.A. below, and which is intended to be a qualified settlement fund within the meaning of Internal Revenue Code § 468B and Treasury Regulation § 1.468B-1.

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Class Settlement Fund has the meaning described in Article III of the Class Settlement Agreement.

Class Settlement Fund means and refer to the total amount of settlement funds deposited in the Escrow Account pursuant to Section 10.1(a), together with all interest earned or accrued thereon, and less (a) the charges, expenses, etc., specified in the Escrow Agreement, and (b) the reserves, if any, established in furtherance of this Settlement Agreement.

Examples of Class Settlement Fund in a sentence

The arbitrator will consolidate all claims for non-payment against a Non-State Defendant, whether for non-payment to the Class Settlement Fund or Individual Settlement Fund.
The cost of the Notice Plan shall be paid out of the Class Settlement Fund.
Upon payment of any Defendant’s Initial Defendant Payment, the Class Settlement Administrator and Individual Settlement Administrator shall begin to hold back certain funds from the Class Settlement Fund and Individual Settlement Fund, respectively, as described more fully below, and ensure they are not used to pay Monetary Awards or any other costs or expenses of settlement except as specified herein.
Although the Holdback Fund shall comprise amounts held back from the Class Settlement Fund and Individual Settlement Fund, the Class and Individual Settlement Administrators shall ensure that the Holdback Fund operates as a single fund to satisfy the requirements of Section 8.3.
The money held back in the Class Settlement Fund and Individual Settlement Fund, in the aggregate, is known as the “Holdback Fund.” The total amount in the Holdback Fund shall be $500 million.

More Definitions of Class Settlement Fund

Class Settlement Fund means the total settlement payment of up to Eight Million Twenty-Five Thousand Dollars ($8,025,000.00), to be paid by Bow for the benefit of the Settlement Class, to be funded pursuant to the schedule set forth in Paragraph 5 below, and to be used to pay all Claims of Eligible Claimants and Settlement Administration Costs that are approved by the Court. The Class Settlement Fund is separate from, and will not be depleted at all by, the payment of the Attorneys’ Fee, Cost, and Service Award (as set forth in Paragraph 41).

Class Settlement Fund means the sum to be paid by the Defendants, totaling 10 $1,025,000, not subject to reversion, which will be funded and distributed as further 11 described in this Agreement.

Class Settlement Fund means One Hundred Thirty-Five Thousand and 00/100 ($135,000.00) of the Settlement Fund less any contributions from the Settlement Amount as approved by the Court to: (a) Service Payment to the PSG Class Representative as described in Section VII.B; (b) attorneys’ fees and costs awarded to Class Counsel as described in Section VII.A; (c) Administration Costs, and (d) the employer’s share of payroll taxes.

Class Settlement Fund means the total settlement consideration, consisting of the principal amount of $462,500 in cash, plus any interest earned thereon, and the Smart Online Settlement Stock. The Class Settlement Fund will be paid pursuant to ¶5.1-5.2 below;

Class Settlement Fund means a minimum payment of $125,000.00 (“Minimum 28 Payment”) and a maximum payment of $600,000.00 (“Maximum Payment”) that Defendant may 1 become obligated to pay by operation of the Settlement Agreement, if it gains Final Approval. The

Class Settlement Fund means an account created by the Settlement

Class Settlement Fund means the escrow fund established by Class Co-Lead Counsel to accept distributions and recoveries on behalf of the Class, including (i) distributions of cash and securities from the Estate on account of the Allowed Class Claim, (ii) recoveries obtained pursuant to the terms hereof, and (iii) all other Class recoveries.