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Net Fund definition

Net Fund means the amount that remains in the Settlement Fund after payment of Settlement Administrator costs, Class Representatives’ service awards, and Attorney’s Fees and Expenses.
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Net Fund means the Total Settlement Amount less (1) Arbitrator-approved Claimants’ attorney’s fees and expenses; (2) Arbitrator-approved Service Awards;
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Net Fund. The right to set-off and deduct any fees, penalties, or other sums owed to New Penn Financial by the Lender under the terms of the Program Documents, which may include indemnification and repurchase invoices.
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Examples of Net Fund in a sentence

  • By way of illustration, if the Court were to approve Class Counsel fees and litigation expenses in the sum of $11,800,000.00 and $150,000.00, respectively, administrative expenses of $100,000.00, and Class Representative service awards of $40,000 to each named Plaintiff, the Net Fund would be $17,290,000.00.

  • All funds remaining after distribution(s) of the Net Fund to Class Members shall be distributed by the Settlement Administrator to these cy pres recipients, as called for in the Settlement Agreement.

  • Each Cash Payment Eligible Class Member would receive their pro rata share of the Net Fund based on the statutory formula.

  • Cash Payment Eligible Class Members shall be entitled to a pro rata share of the Settlement Fund, pursuant to the statutory formula set forth in 13 Pa.C.S. § 9625(c)(2) (for Pennsylvania Class Members) and NY UCC 9-625(c)(2) (for New York Class Members) from the Net Fund.


More Definitions of Net Fund

Net Fund means the remainder of the Total Settlement Amount after deductions/payments for: (1) Arbitrator-approved Attorneys’ Fees and Costs; (2) Arbitrator-approved Service Award; (3) the PAGA Fund; (4) settlement administration costs, and (5) any applicable arbitration approval fees.
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Net Fund means the proceeds of the Settlement Fund after the deduction of approved Class Counsel fees and expenses, approved class representative service awards, and administrative costs.
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Net Fund means the amount remaining in the Common Fund after payment of Attorneys’ Fees and Expenses, Class Representative Service Awards, and Notice and Claim Administration Expenses.
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Net Fund means the amount remaining in the Common Fund after payment of
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Net Fund means the Settlement Payment minus Class Counsel’s Attorneys’ Fees and Costs and Class Representatives’ service payments as approved by the Court.
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Net Fund means the Gross Fund less court-approved Plaintiffs' attorneys' fees, costs, and expenses, court-approved general release payments, and court approved settlement administration expenses. By way of clarification, the employer's share of the taxes on the W-2 portion of the Individual Settlement Payment for Qualified Claimants shall be taken from each Qualified Claimant's Individual Settlement Payment.
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Net Fund means the remainder of the Gross Fund after deductions, payments, or allocations for: (a) the Settlement Class Counsel’s attorneys’ fees and costs; and (b) Service Awards to be paid to Named Plaintiffs Xxxxxxx and Xxxxxxxx, which are both subject to Court approval. The allocation to the Settlement Class Members for their Settlement Checks will be made from the Net Fund. The estimated proportionate share of the Net Fund for each Settlement Class Member will be determined by the Settlement Administrator pursuant to the following formula:
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