Examples of Past damages in a sentence
Past Damages Amounts and claims for Past Damages Amounts shall not be assignable or otherwise transferable by Eligible Class Members to any person or entity, although an Eligible Class Member’s executor, administrator or trustee (for a trust that is in existence as of the Preliminary Approval Date or is a special needs trust) may file or accept payment of that Class Member’s claims.
The Settlement, Settlement Formula and Past Damages Amounts shall not include any amount based on any claim or calculation of treble damages, any other punitive damages, or fines.
By way of example, if the Eligible Class Member had a twelve month Lease Term that recited a rent of $1,500 per month, and the Settlement Formula rent during that Lease Term was $1,000 per month, but the Eligible Class Member was given one month’s free rent during that Lease Term, the Past Damages Amount would be calculated as follows: [1,500 X 11 = 16,500] – [11 X 1,000 = 11,000] = 5,500.
Except as otherwise set forth herein, the Past Damages Amount of each Class Member will be used to determine that Class Member’s entitlement to a portion of the Pool on a pro-rata basis.
Subject to the exception in Section IV, each Party hereby irrevocably and perpetually covenants to the other Party not to xxx the other Party or its Authorized Licensees (“Covered Entities”), or otherwise seek recovery from such Covered Entities, for Past Damages with respect to the other Party’s products and technology.