Settlement Cash Proceeds definition

Settlement Cash Proceeds means $2,500,000.00.
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Examples of Settlement Cash Proceeds in a sentence

  • Within five (5) business days of Effective Date, the Defendant, the Debtors, or the Reorganized Debtors shall transfer or cause to be transferred by wire transfer the Settlement Cash Proceeds to the ▇▇▇▇▇▇ Settlement Account.

  • The Judgments shall provide that the Released Parties, Settlement Class Counsel, and/or the Class Representative have no liability to any Settlement Class Member for mis-payments, late payment, nonpayment, overpayments, underpayments, interest, errors, or omissions as a result of the administration of the Settlement, including, without limitation, the distribution and disposition of the Settlement Cash Proceeds.

  • Therefore, the Defendant shall have the right and option, in their sole discretion, to terminate this Agreement if members of the Settlement Class who have claims which, in the aggregate, exceed ten percent (10%) of the Settlement Cash Proceeds elect to opt-out of this Settlement.

  • Within ten (10) business days after the Opt-Out Deadline, the Settlement Administrator shall determine whether members of the Settlement Class who have claims that, in the aggregate, exceed ten percent (10%) of the Settlement Cash Proceeds, have elected to opt-out of the Settlement Class and will notify Settlement Class Counsel and Defendant’s Counsel in writing regarding the results of that determination and simultaneously provide a list of the members of the Settlement Class who have opted out.

  • The Summary Final Distribution Report will set forth the amounts to be distributed from the Settlement Cash Proceeds and pursuant to the 2020 Plan on account of the allowed 2016 Class Proof of Claim to each Settlement Class Member.

  • At least ten (10) business days before the Settlement Fairness Hearing, the Settlement Class Counsel, with the assistance of the Class’s expert, Settlement Administrator, and Defendant/the Debtors shall prepare a Summary Final Distribution Report that assumes that the Bankruptcy Court will approve the award of the Settlement Cash Proceeds in the amount of $2.5 million and that the 2016 Class Proof of Claim shall be allowed.