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.
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.
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.
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.
Without knowing the final totals of factors such as the amount of any Resolution Sum or the number of Group Members involved, it is impossible at this early stage to provide you with an estimate of the cost amount you will pay out of any Resolution Sum.
Common Fund Order Means, where the Class Action is pursued on an “open class” basis and the Court makes orders requiring all Group Members (whether Funded Persons or not) to pay to the Co-Funders a percentage of a common fund comprising any amounts they may receive in any settlement or judgment in the proceedings (including any Resolution Sum) or any other amount, as approved by the Court.
Common Fund Order Means, where the Class Action is pursued on an “open class” basis, and in the course of those proceedings the Court makes orders requiring all group members (whether Funded Persons or not) to pay to Omni Bridgeway a percentage of a common fund comprising any Condition Precedent Condition Precedent Date Conflicts Management Policy amounts they may receive in any settlement or judgment in the proceedings (including any Resolution Sum) or any other amount, as approved by the Court.
Claimant’s Share The share borne by the Claimant calculated by reference to the proportion that the Resolution Sum bears to the total amount of the resolution sums in respect of the claims of all Funded Persons the subject of the Proceedings or the Settlement concerned.
The Claimant must notify the Co-Funders upon receipt by the Claimant of any Resolution Sum.