Resolution Sum definition

Resolution Sum means the amount or amounts of money or the value of benefits for which (a) the Claims are Settled, or (b) for which judgment is given in favour of the Applicant in the Proceeding or (c) any subsequent proceeding brought by any Group Member against the Respondent in reliance on the findings made in any judgment in the Proceeding is Settled or for which judgment is given in favour of the Group Member and including (but not limited to): (A) any interest and costs recovered pursuant to a Costs Order or by agreement; (B) any ex gratia payments and (C) any payments in respect of the Claims where any Respondent (or any property, assets or liabilities of any Respondent) is, or comes under, the control of an external controller.
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Resolution Sum means the amount or amounts for which the Claim is settled, or for which Judgment is given, in favour of the Applicant and Registered Class Action Members in the Legal Proceedings relating to the Taxi Drivers Class Action and includes any interest and costs recovered pursuant to a Costs Order or by agreement. The Resolution Sum will include any ex-gratia payments made to the Applicant and /or Registered Class Action Members in relation to the Claim the subject of the Legal proceedings..
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Resolution Sum means the amount or amounts, or the value of any goods or services, for which the Claims are settled, or for which judgment is given, including the value of any favourable terms of future supply of goods or services and including any interest and including costs recovered pursuant to a Costs Order or by agreement;
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Examples of Resolution Sum in a sentence

  • Without knowing the final totals of factors such as the amount of any Resolution Sum or the number of Claimants involved, it is impossible at this early stage to provide you with a practical estimate of the cost amount you will bear, other than to say it will never exceed any payment you are due upon success.

  • In the event of a Successful Outcome where the Resolution Sum is $80 million or greater, an Uplift Fee of 25% is payable to Xxxxxxx Xxxxxxxxx on the Conditional Percentage of Xxxxxxx Xxxxxxxxx’x Professional Fees.

  • The Peoples Solicitors will be reimbursed from the gross Resolution Sum for Costs incurred between the 10th December 2010 and the commencement date as agreed with LH.

  • Under the Funding Agreement any costs recovered from the Respondents form part of the Gross Resolution Sum for the purposes of calculating the Indemnity Fee payable to LH in accordance with the terms of the Funding Agreement.

  • For example if the Applicant’s and all Registered Class Action Members total claim sum is $10 million dollars the Member shall instruct the Applicant to obtain the written consent of LH prior to accepting on behalf of its self and Registered Class Action Members a Gross Resolution Sum of less than $5 million dollars.

  • To obtain the written consent of LH prior to acceptance of any offer of settlement or compromise for a Gross Resolution Sum of less than 50% on behalf of the Applicant and Registered Class Action Members.

  • The amount the Lawyer is entitled to be paid out of the Resolution Sum may change depending on the award made by the Court.

  • Upon resolution of the Class Action and receipt of the Resolution Sum by the Scheme, the Lawyer will be entitled to a distribution by the Scheme from the Resolution Sum.

  • This is a contingent success fee and payable out of the Resolution Sum as a distribution by the Scheme.

  • If there is a Resolution of the Claims at the time of that Termination or at any later time, clause 10 and clause 11 will continue to apply and the Applicant will be liable to account to the Funder from the relevant Resolution Sum, the amounts set out in sub-clause 11.


More Definitions of Resolution Sum

Resolution Sum means: a) an amount or amounts, or the value of goods or services, received on account of Settlement or judgment in respect of the Claims, in favour of the Claimant (or the Representative on behalf of persons including the Claimant), including the value of any favourable terms of future supply of goods or services and including any interest; as well as b) any amounts received by or on behalf of the Claimant under an order made by a court, or by agreement, that a person pay some or all of the costs and disbursements incurred by any person with Claims (including costs and disbursements incurred in any interlocutory proceedings). For the avoidance of doubt the Resolution Sum includes any amounts and the value of any goods and services received on account of Settlement or judgment in respect of the Claims, which is paid or provided by or on behalf of any entity from whom some or all of the Respondents assert or could assert a claim for contribution. Respondent(s) means the person at Item B of the Schedule and any other party: a) named by the Claimants as a defendant or respondent in the Proceedings, or b) which Xxxxxxx Xxxxxxxxx recommends be joined to Proceedings commenced or yet to be commenced and, if these are funded Claims, the joinder of whom the Funder agrees to fund.
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Resolution Sum means the amount or amounts of money (or the value of any goods, services, receivables or benefits) for which (a) the Claims are Settled, or (b) judgment is given in the Proceeding, or in any subsequent proceeding brought by the Claimant against the Respondent in reliance on the findings made in any judgment in the Proceeding, including (but not limited to) any interest and costs recovered pursuant to a Costs Order or by agreement.
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Resolution Sum means the amount or amounts of money (or the value of any goods, services, receivables or benefits) for which (a) the Claims are Settled, or (b) judgment is given in the Proceeding, or in any subsequent proceeding brought by the Claimant against Toyota in reliance on the findings made in any judgment in the Proceeding, including (but not limited to) any interest and costs recovered pursuant to a Costs Order or by agreement. For the avoidance of doubt, the Resolution Sum includes your share of the aggregate amounts that are deducted from any Group Member’s share of the Resolution Sum pursuant to a “funding equalisation order” (if made by the Court) and redistributed to Funded Persons.
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Resolution Sum means the amount or amounts, or the value of any goods or services, for which the Claims are settled, or for which judgment is given, including the value of any favourable terms of future supply of goods or services and including any interest and including costs recovered pursuant to a Costs Order or by agreement. For the avoidance of doubt, the Resolution Sum includes the Claimant’s share of the aggregate of amounts that are deducted from any unfunded class members under a “funding equalisation order” (if made by the Court) and redistributed to Funded Persons, such share to be determined by reference to the proportion that the Claimant’s Gross Recovery bears to the total Gross Recovery of all Funded Persons.
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Related to Resolution Sum

  • Resolution shall have the meaning specified in Section 8(E).

  • resolution action means the decision to place an institution or entity referred to in point (b), (c) or (d) of Article 1(1) under resolution pursuant to Article 32 or 33, the application of a resolution tool, or the exercise of one or more resolution powers;

  • Resolution of Directors means either:

  • resolution plan means a plan proposed by resolution applicant for insolvency resolution of the corporate debtor as a going concern in accordance with Part II;

  • Resolution Time means 1:00 p.m., New York time, on the Local Business Day following the date on which the notice is given that gives rise to a dispute under Paragraph 5.

  • Resolution date means the date the funded amount, plus the

  • Special Resolution means a resolution passed by a majority of not less than two-thirds (2/3) of the votes cast on that resolution.

  • unanimous resolution means, subject to subsection (3), a resolution-

  • Resolution of Shareholders means either:

  • resolution power means a power referred to in Articles 63 to 72;

  • Series Resolution means a resolution of the Corporation authorizing the issuance of a Series of Bonds in accordance with the terms and provisions of the General Trust Indenture, adopted by the Corporation in accordance with Section 204 of the General Trust Indenture.

  • Convention support order means a support order of a tribunal of a foreign country described in section 102(e)(iv).

  • Supplemental Resolution means any resolution or resolutions of the Trust amending, modifying or supplementing this Bond Resolution, authorizing the issuance of a Series of Refunding Bonds, or any other Supplemental Resolution adopted by the Trust pursuant to the provisions of this Bond Resolution.

  • Master Resolution means the Amended and Restated Master Resolution Establishing The University of Texas System Revenue Financing System adopted by the Board on February 14, 1991, as amended on October 8, 1993, and August 14, 1997.

  • U.S. Special Resolution Regime means each of (i) the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii) Title II of the Xxxx-Xxxxx Xxxx Street Reform and Consumer Protection Act and the regulations promulgated thereunder.

  • Resolution Period has the meaning set forth in Section 2.04(c)(ii).

  • Resolutions shall have the meaning set forth in Section 7.5.

  • Informal resolution means options for resolving a formal complaint that do not involve a full investigation and adjudication. Informal resolution may encompass a broad range of conflict resolution strategies, including mediation or restorative justice.

  • Transaction Support Agreement means that certain Transaction Support Agreement, together with all exhibits, annexes, and schedules thereto, dated as of March 15, 2019, and as amended on April 10, 2019, by and among NMG, Inc. and its subsidiaries, the Consenting Sponsors, an ad hoc committee of holders of 2013 Term Loans, an ad hoc committee of holders of Cash Pay Notes and PIK Toggle Notes, and each of the additional parties who delivered a joinder thereto.

  • certificate of fitness means a certificate issued by the Department to a contract bus carrier.

  • U.S. Special Resolution Regimes has the meaning specified in Section 11.21.

  • construction supervisor means a competent person responsible for supervising construction activities on a construction site;

  • Litigation support contractor means a contractor (including its experts, technical consultants, subcontractors, and suppliers) providing litigation support under a contract that contains the clause at 252.204-7014, Limitations on the Use or Disclosure of Information by Litigation Support Contractors.

  • Certified Resolution means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification.

  • Certificate of a Firm of Independent Public Accountants means a certificate signed by an independent public accountant or a firm of independent public accountants who may be the independent public accountants regularly retained by the Company or who may be other independent public accountants. Such accountant or firm shall be entitled to rely upon an Opinion of Counsel as to the interpretation of any legal matters relating to such certificate.

  • Termination Sum means the percentage of the Tariff payable by the Client to the Service Provider pursuant to Clause 18.4 and as set out in Appendix B; and