Net Settlement Proceeds definition

Net Settlement Proceeds means the EIX Settlement Proceeds less Cash in an amount equal to the amount of Cash in the EIX Escrow Account (as such amount may be reduced from time to time in accordance with the EIX Settlement Agreement).

Net Settlement Proceeds means the Maximum Settlement Amount less the Fee and Expense Award, the Service Payments, the PAGA Payment and Administration Costs, as approved and awarded by the Court.

Net Settlement Proceeds means the remaining balance of the Settlement Proceeds, including all interest earned thereon, following payment of any Fee and 18 Expense Award as allowed by the Court.

Examples of Net Settlement Proceeds in a sentence

• Should the Court approve lesser amounts, the difference shall be added to the Net Settlement Proceeds.

• If there are insufficient Net Settlement Proceeds to meet the required Interest Reserve Deposit after payment of the Unit Release Payment, the Borrower shall pay any deficiency from its own funds for deposit in the Interest Reserve Account (any amounts paid from the Interest Reserve Account do not constitute a part of the Interest Reserve and shall not be added to the principal balance of the Loan).

• Should the Service Payments approved by the Court be less than the amount sought, the difference shall be added to the Net Settlement Proceeds prior to the allocations to the California Class and FLSA Class.

• The Individual Settlement Payments for the Claimants in the California Class will be calculated by multiplying 65% of the Net Settlement Proceeds by each California Class Member's California Percentage Share.

• The Individual Settlement Payments for the Claimants in the FLSA Class will be calculated by multiplying 35% of the Net Settlement Proceeds by each FLSA Class Member's FLSA Percentage Share.

More Definitions of Net Settlement Proceeds

Net Settlement Proceeds means the gross sales price of the Lot less customary and usual settlement charges and real estate commissions approved by the Beneficiary, without payment of any sums to the Grantor or any affiliated person or entity of the Grantor;

Net Settlement Proceeds means the Gross Settlement Payment less the Expense Award, the Fee Award, the Class Representative Service Awards, the Other Named Plaintiff Settlement Awards, and Class Members’ Administrative Costs.

Net Settlement Proceeds means the Maximum Settlement Amount less the Fee and Expense Award, the Service Payments, the PAGA Payment and Administration Costs, as approved and awarded by the Court. At this time, the Net Settlement Proceeds is estimated to be $417,690.00. 90% of the Net Settlement Proceeds shall be allocated to the California Class and 10% of the Net Settlement Proceeds shall be allocated to the California FLSA Class.

Net Settlement Proceeds means the Settlement Amount less Class Counsel Fees, Class Counsel Disbursements and Administration Expenses (excluding the Non-Refundable Administration Expenses Fund);

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

Net Settlement Proceeds means the Settlement Amount less the amounts payable in respect of Claims Administration Costs, Class Counsel Legal Fees and any other costs associated with claims administration and notice of settlement approval hearing and, where the settlement is approved, notice of settlement approval;

Net Settlement Proceeds means the Settlement Proceeds less Attorneys’ Fees and Costs less Incentive Awards and less Administration Costs.