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 $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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Examples of Settlement Cap in a sentence

  • Defendants agree not to oppose Class Counsel’s request for an award of Attorneys’ Fees and Costs of up to 32.7% of the Settlement Cap amount (i.e., $3,765,000.00).

  • GCPA has agreed to pay the service award outside of and separate from the $400,000 Settlement Cap.

  • All costs of providing the Class Notice as provided herein, including the costs of identifying members of the Settlement Class and the costs of web hosting and disseminating the Class Notice, shall be paid from the Settlement Cap by SmileDirectClub, LLC, on behalf of Defendants, subject to the terms of this Settlement Agreement.

  • All Settlement Administration Costs shall be FILED DATE: 1/27/2021 9:33 PM 2020CH07269paid for by SmileDirectClub, LLC, on behalf of Defendants, and shall be included within the Settlement Cap.

  • As part of the Settlement, SmileDirectClub, LLC, on behalf of Defendants, has agreed to make available a Settlement Cap of up to Eleven Million Five Hundred Thousand Dollars ($11,500,000).

  • The Settlement Cap will be used to pay the Aggregate Fees, Costs, and Expenses and Total Class Member Benefits Payout.

  • For each Claimant who submits a valid Claim, New Balance shall provide payment as described above, so long as providing such Compensation does not exceed the Settlement Cap.

  • RGE shall pay Xxxxx the Monthly Fixed Amount (net of Applicable Revenues, any Unplanned Outage Performance Adjustments, any Force Majeure Event Performance Adjustments and any other amounts payable by Xxxxx under this Agreement) for each month during the Term, subject to the Settlement Cap Amount and the Settlement Floor Amount described in Section 4.3.

  • All translation costs shall be borne by the Defendants and shall be deducted from the Total Settlement Cap.

  • The Parties acknowledge that the economic terms of this Agreement, including the Fixed Monthly Amount, the Settlement Cap Amount, the Settlement Floor Amount and the revenues retained by Xxxxx pursuant to Section 3.2, have been established based upon an estimate of such capital expenditures and operating costs (including fuel) and the Parties have agreed that Xxxxx shall bear the risk and retain the benefit of any savings related to estimated capital expenditures and operating costs during the Term.


More Definitions of Settlement Cap

Settlement Cap has the meaning ascribed to it in Section 4.02(e).
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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:
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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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Settlement Cap the amount set forth in the table below for any given fiscal year or all fiscal years in the aggregate, as applicable: 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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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 has the meaning specified in Section 14.02(a)(iv).

  • 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.

  • Settlement Claim means a claim for settlement benefits made under the terms of this Settlement Agreement.

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

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

  • Settlement Costs means all costs incurred by the Settlement Class and their attorneys, including but not limited to Plaintiffs’ attorneys’ fees, their costs of suit, Plaintiffs’ expert or consultant fees, any incentive payments paid to the Class Representatives, notice costs, costs of Claims Administration, and all other costs of administering the settlement.

  • 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 $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 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 the Ontario Settlement Class and the Quebec Settlement Class.

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

  • Earn-Out Payment has the meaning set forth in Section 2.07(a)(i).

  • Settlement Class Counsel means the law firm of Xxxxxx Xxxxxx Xxxxx Xxxxxxx LLP.

  • 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 each person and entity who or which is a member of the 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;