Settlement Fund Account definition

Settlement Fund Account means the account described in Section 4 of this Agreement.

Settlement Fund Account means the segregated account created in accordance with the Settlement Fund Agreement and held by the Settlement Administrator into which each Settling Party will make its respective Settlement Payment pursuant to this Settlement Agreement.

Settlement Fund Account means the interest-bearing

Examples of Settlement Fund Account in a sentence

• In the event Defendant exercises the Termination Option, this Settlement shall become null and void and shall have no further force or effect, all funds being held in the Settlement Fund Account shall revert to Defendant, the Action shall continue, any Preliminary Approval Order shall be automatically vacated, and the Parties shall confer with the Court as to whether and how any notice of the termination should be sent to the Settlement Classes, with Defendant bearing the cost of such notice.

• In exchange for the mutual promises and covenants in this Agreement, including, without limitation, the Releases as set forth in Section XII hereof and the dismissal of the Action upon Final Approval, within fourteen (14) days of Preliminary Approval, Defendant shall transfer to the Settlement Administrator the Settlement Payment Amount for deposit into the Settlement Fund Account.

More Definitions of Settlement Fund Account

Settlement Fund Account means an interest-bearing account held by an FDIC-insured financial institution, into which TD Bank shall deposit the Cash Settlement Amount. Class Counsel and TD Bank shall agree on the FDIC-insured financial institution at which the account shall be established.

Settlement Fund Account means the account into which BANA will deposit the Cash Settlement Amount.

Settlement Fund Account means (i) prior to the Effective Date, a joint interest-bearing account at such financial institution as the Settling Parties may agree into which Visa will make the Settlement Fund payments, and (ii) after the Effective Date, an account at such financial institution as Plaintiffs’ Co-Lead Counsel designate into which Visa will make the Settlement Fund payments, including, without limitation, a trust account.

Settlement Fund Account means the account into which Target will deposit the Cash Settlement Amount.

Settlement Fund Account means the bank account established under this Joint

Settlement Fund Account means the escrow account to be established by the Settlement Administrator in the United States, from which all payments out of the Settlement Fund will be made. The Settlement Fund Account shall be established at a depository institution insured by the Federal Deposit Insurance Corporation.

Settlement Fund Account shall have the meaning set forth in Section 7.1.1 hereof.