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.

Class Settlement Fund means and refer to the total amount of settlement funds deposited in the Escrow Account pursuant to Section 10.1, 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.

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.

Examples of Class Settlement Fund in a sentence

• Such incentive award, if approved 7 by the Court, shall be paid from the Class Settlement Fund no later than fifteen (15) days after the 8 Effective Date, and only in the event that the Effective Date occurs.

• Relief to the Settlement Class 3 The Class Settlement Fund shall be available to pay Valid Claims submitted by Participating 4 Claimants who purchased any of the Class Products for personal consumption, and not for re-sale, 5 during the Class Period.

• The Class Settlement Fund shall be administered by the Claims Administrator in conjunction with Class Counsel, from which settlement funds will be distributed out of the Class Claims Fund to eligible members of the Civil Damages Class as provided in this Settlement Agreement, and further described in the proposed Order attached hereto as Exhibit 1-B.

• The Class Settlement Fund will pay for approved attorneys’ fees and costs of $1.625 million, class representative and service payment awards of $62,500, costs and expenses associated with the administration of claims by a court-approved Claims Administrator (estimated to be $28,500), and payments to eligible class members.

• Each Class Member will receive, from the Class Settlement Fund, $30.00, which reflects the average amount of fees paid by Class Members to Santa Xxxxxxx relating to the RAL application process.

More Definitions of Class Settlement Fund

Class Settlement Fund means an account created by the Settlement

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 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 the total settlement payment of up to Seven Million Six Hundred Fifty Thousand Dollars ($7,650,000.00), to be paid by NIBCO 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 Six Million Six Hundred Thousand and

Class Settlement Fund means the sum to be paid by the Defendants subject to the City