Examples of Notice and Administrative Costs in a sentence
The Settlement Funds shall be returned to Xxxxxxx less interest accrued on the Escrow Account, Notice and Administrative Costs paid, incurred, or due and owing Notice and Administrative Costs, and Taxes or Tax Expenses paid, incurred, or due and owing (the “Termination Refund”), pursuant to written instructions from Xxxxxxx’x Counsel.
Upon the Effective Date, any and all remaining interest or right of Xxxxxxx in or to the Settlement Funds, if any, shall be absolutely and forever extinguished, and the Settlement Funds (less any Notice and Administrative Costs, Taxes, Tax Expenses, or Fee and Expense Award paid) shall be transferred from the Escrow Agent to the Notice and Claims Administrators as successor Escrow Agent within ten (10) business days after the Effective Date.
For purposes of clarification, the payment of Taxes and Tax Expenses (as set out in Section IV.D), any Fee and Expense Award, the Notice and Administrative Costs, and any other costs associated with the implementation of this Agreement, shall be exclusively paid from the Settlement Funds.
The Escrow Agent may disburse up to five million U.S. Dollars ($5,000,000.00) to the Notice and Claims Administrators for reasonable Notice and Administrative Costs as approved by the Court.