Settlement Cap definition

Settlement Cap means the amount of $2,350,000.
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Settlement Cap means Eleven Million Five-Hundred Thousand Dollars and 00/100 ($11,500,000.00), which shall be the maximum amount of money that Defendants shall be obligated to pay for benefit of the Settlement Class, inclusive of all Settlement Shares to Settlement Class Members, all Settlement Administration Costs, any Fee Award and Service Awards, and any other costs, expenses, and fees associated with the Settlement pursuant to the terms set forth in this Agreement. The Settlement Cap, to the extent funded, will be funded solely by SmileDirectClub, LLC on behalf of Defendants. Defendants do not need to create a separate, segregated fund, and shall not be obligated to pay any monies until such times as set forth in this Agreement. Any monies from the Settlement Cap not paid in Aggregate Fees, Costs, and Expenses and Total Class Member Benefits Payout shall be retained by Defendants and shall not otherwise be considered “Residual Funds” under 735 ILCS 5/2-807
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Settlement Cap means the amount of CDN $325,000.00, inclusive of all Class Counsel Fees and Expenses, Claim Administration fees with any applicable taxes, Pre-Approval Notice costs, Award to the Representative Plaintiff, all valid Claims and all amounts that may be due to the Fonds d’aide aux recours collectifs;
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Examples of Settlement Cap in a sentence

  • In case of forfeitures and adjustments pursuant to § 3.3 and § 3.4, the Settlement Cap will be adjusted accordingly.Example: A Beneficiary has been granted an Initial Number of RSUs of 550.

  • As a consequence, the Settlement Cap amounts to 96 RSUs (subject to further forfeitures and adjustments).


More Definitions of Settlement Cap

Settlement Cap means the amount of $155,00.00, inclusive of all valid Claims, costs of the Pre-Approval Notice and all amounts that may be due to the Fonds d’aide aux recours collectifs;
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Settlement Cap the amount set forth in the table below for any given fiscal year or all fiscal years in the aggregate, as applicable: Fiscal Year Settlement Cap 2014 $7,500,000 2015 $8,500,000 2016 $6,000,000 2017 $7,000,000 2018 $7,000,000 Aggregate $36,000,000 Settlement Report: a report summarizing Revolver Loans and participations in LC Obligations outstanding as of a given settlement date, allocated to Lenders on a Pro Rata basis in accordance with their Revolver Commitments.
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Settlement Cap means the amount set forth in the table below for any given fiscal year or all fiscal years in the aggregate, as applicable: Fiscal Year Settlement Cap 2014 $7,500,000 2015 $8,500,000 2016 $6,000,000 2017 $7,000,000 2018 $7,000,000 Aggregate $36,000,000
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Settlement Cap has the meaning ascribed to it in Section 4.02(e).
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Related to Settlement Cap

  • Settlement Cycle means the period of Clearance System Business Days following a transaction on the Relevant Exchange in the Underlying, during which period settlement will customarily take place according to the rules of such Relevant Exchange.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Settlement Class means, in respect of each Proceeding, the settlement class defined in Schedule A.

  • Settlement Costs means all costs incurred by Plaintiff, the Settlement Class Members, and their attorneys, including but not limited to Plaintiff’s attorneys’ fees, costs of suit, Plaintiff’s expert or consultant fees, any incentive payments paid to the Class Representative, notice costs, costs of claims administration, and all other costs of administering the Settlement Agreement.

  • Settlement Period has the meaning specified therefor in Section 2.02(d)(i) hereof.

  • Settlement Price means the agreed upon price at which to purchase and sell a specified type and quantity of a commodity.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Individual Settlement Payment means the amount payable from the Net

  • Settlement Price Date means the Valuation Date. "Valuation Date" means the Redemption Valuation Date.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Settlement Unit means each hour in a day divided into hour-long periods starting at 00:00 on such day.

  • Settlement Classes means all Persons included in the Electrolytic Settlement Classes and the Film Settlement Classes.

  • Settlement Interval has the meaning set forth in the CAISO Tariff.

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Settlement Class Counsel means and refers to Xxxxxxxx, Xxxxxxxxxx, & XxXxxxx, P.C.

  • Step-Down Amount means, with respect to any Distribution Date, the excess, if any, of (x) the Required Pro Forma Note Balance over (y) the Pro Forma Note Balance on such Distribution Date, calculated for this purpose only without deduction for any Step-Down Amount (i.e., assuming that the entire amount described in clause (x) of the definition of “Principal Distributable Amount” is distributed as principal on the Notes); provided, however, that the Step-Down Amount in no event may exceed the amount that would reduce the positive difference, if any, of (i) the Pool Balance minus (ii) the Pro Forma Note Balance, to an amount less than 0.50% of the initial aggregate principal balance of the Receivables.

  • Settlement Class Member means a member of a Settlement Class.

  • Settlement Value means the amount which the holder of a Contract may receive for a Contract held until Expiration. The Settlement Value of a Binary Contract is $100. The Settlement Value of a Variable Payout Contract is determined as described in the definitions of Long and Short Variable Payout Contracts.

  • Adjustment Escrow Amount means $1,000,000.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Resettlement Plan or “RP” means the resettlement plan for the Project, including any update thereto, prepared and submitted by the Borrower and cleared by ADB;

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).