Fonds Levy definition

Fonds Levy means the amounts payable to the Fonds pursuant to the Act respecting the Fonds d’aide aux actions collectives, C.Q.L.R., c. F- 3.2.0.1.1, the Regulation respecting the percentage withheld by the Fonds d’aide aux actions collectives, C.Q.L.R., c. F-3.2.0.1.1, r. 2, and applicable Quebec law;
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Fonds Levy means the amounts payable to the Fonds d’aide aux actions collectives pursuant to section 42 of the Act respecting the Fonds d’aide aux action collectives, CQLR, c. F-3.2.0.1.1 and calculated in accordance with the governing regulations.
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Fonds Levy means the amount which is payable to the Fonds pursuant to applicable legislation and regulation, and which Defendants have agreed to pay pursuant to this Settlement Agreement, and which shall be applied against and reduce the Total Settlement Cap. The Parties agree that the Fonds is legally entitled to receive, pursuant to article 592 of the Code of Civil Procedure, Section 42 of the Act respecting the Fonds d’aide aux actions collectives (chapter F-3.2.0.1.1), and Section 3(a) of the Regulation respecting the percentage withheld by the Fonds d’aide aux actions collectives (chapter F-3.2.0.1.1, r. 2), two percent (2%) of any liquidated claim. Pursuant to this Settlement Agreement, each Settlement Class Member submitting a valid claim may receive Settlement Benefits of up to a maximum amount of CAD $7.50, in which case the Fonds Levy would be of a maximum amount of CAD $0.15 per valid claim (paid in addition to the CAD $7.50 maximum individual claim amount). For greater certainty, pursuant to this Settlement Agreement, each Settlement Class Member submitting a valid claim may receive Settlement Benefits of less than CAD $7.50, if the amount remaining from the Total Settlement Cap to satisfy each valid claim, after deducting all applicable fees, disbursements, costs, expenses, taxes, and after being pro-rated among all valid claims, is less than CAD $7.50. Under such circumstances, the Fonds Levy would be of less than CAD $0.15 per valid claim, and would be calculated as two (2%) of the amount of the Settlement Benefits before deduction of the Fonds Levy.
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Examples of Fonds Levy in a sentence

  • Settlement benefits payable to members of the Quebec Settlement Class will be subject to deductions in respect of the Fonds Levy.


More Definitions of Fonds Levy

Fonds Levy means the amounts payable to the Fonds pursuant to the Act respecting the Fonds d’aide aux actions collectives, CQLR, c. F- 3.2.0.1.1, the Regulation respecting the percentage withheld by the Fonds d’aide aux actions collectives, CQLR, c. F-3.2.0.1.1, r. 2, and applicable Quebec law, if any;
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Related to Fonds Levy

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