Net Settlement Funds definition

Net Settlement Funds means, for each class action identified in paragraph 1, the aggregate of the Settlement Amounts recovered pursuant to the Settlement Agreements, plus accrued interest, less:

Net Settlement Funds means the Settlement Amount less Class Counsel Fees, Class Counsel Disbursements, and Settlement Administration Expenses;

Net Settlement Funds means the Net Settlement Funds - Fixed and the Net Settlement Funds - Claimable;

Examples of Net Settlement Funds in a sentence

• In such an event, no Net Settlement Funds will be distributed to Claimants with Approved Claims for Cash Fund Payments.

• In such an event, no Net Settlement Funds will be distributed to Claimants for Approved Claims for Documented Loss Payments or for Cash Fund Payments.

• The Claims Administrator shall make arrangements to pay claims from the Net Settlement Funds as expeditiously as possible.

• If the Claims Administrator does not receive a substantially complete claims form from a claimant by the Claims Bar Deadline, then the claimant shall not be eligible for any compensation from the Net Settlement Funds or otherwise.

• The objective of this Distribution Protocol is to distribute the Net Settlement Funds among Eligible Claimants in a simplified manner.

More Definitions of Net Settlement Funds

Net Settlement Funds means the aggregate of the Settlement Amounts recovered pursuant to the Settlement Agreements, plus accrued interest, less:

Net Settlement Funds means the balance after all Fees have been deducted from the Settlement Funds received on a Business Day;

Net Settlement Funds means the Escrow Settlement Funds after payment of Administration Expenses and Class Counsel Fees. For greater certainty, Net Settlement Funds includes the after tax amount of any accrued interest income earned on the Escrow Settlement Funds; and

Net Settlement Funds means the amount of the Settlement Funds after adjustment for the payment of Court- approved litigation expenses, costs of settlement administration, attorneys’ fees, and class representative incentive awards.

Net Settlement Funds means the Settlement Funds after deduction of the Member Services Fees, reserves and any applicable taxes.

Net Settlement Funds means the Net Settlement Funds –Fixed and the Net Settlement Funds – Claimable, as defined in the Settlement Agreement.

Net Settlement Funds means those funds which are to be transferred by the Member to the Payment Facilitator Bank Account/s and which comprise the amounts received by the Member from the Card Schemes less Adjustments due by the Payment Facilitator or Sub-Merchant under this Agreement or the Card Scheme Rules;