Examples of Gross Recovery in a sentence
If Client and Attorneys disagree as to the fair market value of any non-monetary property or services included in the Gross Recovery, Attorneys and Client agree that a binding appraisal will be conducted to determine this value.
The Gross Recovery shall include, without limitation, any monetary payments, or the fair market value of any non-monetary property and/or services to be transferred and/or rendered for the benefit of the District, agreed or ordered to be made by the adverse parties or their insurance carriers as a result of the Action, whether by settlement, arbitration award, court judgment (after all appeals exhausted), or otherwise.
District agrees and understands that the Attorneys’ Fees set forth above in Section 5 shall be recoverable to Attorneys in addition to and not withstanding such other fees, and that Attorneys’ Fees are calculated prior to the assessment of any Court ordered assessment, i.e., from the Gross Recovery.
Any statutory attorneys’ fee paid by defendants shall be included in calculating the Gross Recovery.
If there is no Cash Recovery or the Gross Recovery is insufficient to reimburse the firms in full for the Costs advanced, the Firms shall bear the loss for any Costs not reimbursed under this Agreement.