Examples of Preliminary Approval Orders in a sentence
The Settlement Notice to be provided to Settlement Class Members shall be pursuant to a Notice Plan approved by the Courts that make the Preliminary Approval Orders and effectuated by a Court-approved notice provider.
In seeking the Preliminary Approval Orders, the Settling Parties will request that the deadline for submission of requests for exclusion be set on a date 60 days after the initial dissemination of the Court-approved Settlement Notice (the “Opt-out Period”).
At least 14 days before the Formal Approval Hearings, the Settling Parties shall file a joint motion requesting that all of the Courts that made Preliminary Approval Orders grant final approval of the Settlement embodied in this Agreement and that those Courts enter Final Orders and Judgments as required by and conforming to the terms and conditions of this Agreement and as approved by all Parties in writing prior to submission to the Courts.
Further, Class Counsel agrees that reasonable notice of this Settlement Agreement consistent with the due process requirements of the United States Constitution and Canadian law shall be given to any and all Settlement Class Members pursuant to the Preliminary Approval Orders of the Courts.
Accordingly, within 15 business days from entry of the last of the Preliminary Approval Orders, the IPEX Funding Entities shall pay into the settlement account established by this Agreement the sum of US $125,000,000.00.
The IPEX Funding Entities shall fund a settlement of US $125,000,000.00 to be held in escrow and trust and thereafter distributed in a manner created by Class Counsel and approved by the Courts that grant the Preliminary Approval Orders and the Final Orders and Judgments as part of the Claims Process, including payments of claims to be determined by an independent Claims Administrator to be appointed by the Courts as contemplated in paragraph 67.
Within the time periods established by any of the applicable Courts, Class Counsel may apply to the Courts from which the Preliminary Approval Orders and the Final Orders and Judgments are sought for entry of an award of attorneys' fees and costs to be paid from the Settlement Fund in an amount that shall not exceed in the aggregate US $25,000,000.00.