Examples of Gross Settlement Shares in a sentence
Canadian Class Counsel will apply to their corresponding Canadian Courts for an award of their counsel fees and reimbursement of expenses to be paid from the Gross Cash Settlement Fund and Gross Settlement Shares.
Lead Plaintiffs’ Counsel will apply to the United States District Court for the Southern District of New York for an award of attorneys’ fees and reimbursement of expenses payable from both the Gross Cash Settlement Fund and Gross Settlement Shares.
All Plaintiffs’ Counsel shall further provide to their respective Courts, as part of the motion for approval of the Settlement, all necessary information required by their respective courts concerning the total award of attorneys’ fees and reimbursement of expenses to be payable from the Gross Cash Settlement Fund and Gross Settlement Shares.
In Canada, Nortel intends to issue the Gross Settlement Shares in reliance upon the Exemptive Relief (as defined herein) granted by the applicable securities regulatory authorities.
Nortel shall at no cost to the Class either register the Gross Settlement Shares or confirm that it has received the written opinion of counsel, substantially to the effect that the issuance and delivery to the Authorized Claimants and Plaintiffs’ Counsel of the Gross Settlement Shares are exempt from registration under the (United States) Securities Act of 1933, 15 U.S.C. § 77c(a)(1), as amended, pursuant to Section 3(a)(10) thereunder.
The total amount of shares awarded as attorneys’ fees and reimbursement of expenses may amount to no more than one-third of the Gross Settlement Shares, and in fact shall be substantially less.
Such amounts as are awarded to Plaintiffs’ Counsel by the Courts from the Gross Settlement Shares shall be payable to Plaintiffs’ Counsel at the first date on which the Effective Date has occurred and the award of attorneys’ fees is Final.
However, if Nortel determines that such Exemptive Relief is unlikely to be granted, Nortel would qualify the Gross Settlement Shares by a prospectus filed in each Canadian province and territory.
The mere fact that a person or entity accepts payments through us is not an indication of the legality of the supply or provision of their goods and services.
The Gross Settlement Shares, less any Settlement Shares awarded to Plaintiffs’ Counsel pursuant to ¶ 8 hereof (the “Net Settlement Shares”), shall be distributed to Authorized Claimants.