Settlement Fund Amount definition

Settlement Fund Amount means eighty-two million five hundred thousand dollars ($82,500,000.00) payable in lawful money of the United States, and any interest earned on amounts held in the Escrow Account.

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Settlement Fund Amount means one million three hundred twenty-five thousand dollars ($1,325,000) payable in lawful money of the United States, and any interest earned on that amount.

Settlement Fund Amount means ten million, eight hundred thousand dollars ($10,800,000.00) payable in lawful money of the United States, and any interest earned on amounts held in the Escrow Account.

Examples of Settlement Fund Amount in a sentence

Disbursements from the Settlement Fund Amount for the payment of any taxes shall be made by the Escrow Agent in accordance with all applicable state and federal statutes and regulations.
Class Counsel shall be solely responsible for directing the Settlement Administrator to file all informational and other tax returns necessary to report any taxable and/or net taxable income earned by the Settlement Fund Amount.
Payments into the Escrow Account may, when made, be invested in instruments secured by the full faith and credit of the United States, and any interest earned thereon shall add to and become part of the Settlement Fund Amount.
Interest earned by the Settlement Fund Amount shall be for the benefit of the Settlement Class.
The Settlement Administrator shall be responsible to satisfy from the Settlement Fund Amount any and all federal, state, and local employment and withholding taxes, including, without limitation, federal, state and local income tax withholding, and any U.S. federal taxes including, without limitation, FICA, FUTA, and Medicare and any state employment taxes including, without limitation, SUTA.
The fees and expenses of the Settlement Administrator shall be reimbursed out of the Settlement Fund Amount.
Disbursements of the Settlement Fund Amount may be distributed to Settlement Class Members in accordance with a Plan of Allocation subject to approval by the Court.
Defendants shall be the “transferor” to the QSF within the meaning of Section 1.468B-1(d)(1) of the Treasury Regulations with respect to the Settlement Fund Amount or any other amount transferred to the QSF pursuant to this Settlement Agreement.
Except as provided by order of the Court after finally approving the Settlement Agreement, no Settlement Class Member shall have any interest in the Settlement Fund Amount or any portion thereof.
Interest earned by the Settlement Fund Amount shall be for the benefit of the Settlement Classes.

More Definitions of Settlement Fund Amount

Settlement Fund Amount means Sixteen Million, Nine Hundred Thousand Dollars 28 ($16,900,000).

Settlement Fund Amount means the amount of CA$12,000,000.00 (twelve million Canadian dollars), which is the full and total amount to be paid by GM in this Settlement other than the Plaintiffs’ Counsel Fee Amount, and out of which all Administrative Expenses, any honouraria payments that Actions Counsel may choose to seek and that are awarded to plaintiffs by a court in respect of any Action, and all settlement payments to Settlement Class Members shall be paid by the Settlement Administrator pursuant to the terms and conditions of this Settlement Agreement, and which shall not be paid by GM unless and until each of the terms and conditions for such payment set forth in this Settlement Agreement are met.

Settlement Fund Amount means the total amount 10 that Defendant shall remit to the Settlement Administrator in accordance with Section 4.11.1.