Examples of Settlement Fund Amount in a sentence
Interest earned by the Settlement Fund Amount shall be for the benefit of the Settlement Class.
Costs, fees, and expenses related to administering the settlement, including providing notice to the Settlement Class and providing notice to state and federal officials, shall be paid out of the Settlement Fund Amount.
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.
Under no circumstances will Defendants or any of the Releasees be required to pay more than the Settlement Fund Amount and under no circumstances shall this Settlement Agreement be construed to require Defendants or any of the Releasees to make any other payments.
Except as provided in Paragraph 17, neither Defendants nor Defendants’ Counsel nor any of the Releasees shall have any responsibility for, financial obligation for, or liability whatsoever with respect to the investment, distribution, use, or administration of the Settlement Fund Amount, including, but not limited to, the costs and expenses of such investment, distribution, or administration.
Defendants , the Releasees, and Defendants’ Counsel shall likewise have no responsibility for, financial obligation for, or liability whatsoever with respect to distribution of the Settlement Fund Amount.
The Settlement Fund Amount will be invested in instruments secured by the full faith and credit of the United States or an interest bearing or non-interest bearing deposit obligation of Endeavor Bank insured by the Federal Deposit Insurance Corporation to the applicable limits, and any interest earned (or negative interest) thereon shall become part of (or paid from) the Settlement Fund Amount.
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.
After the Effective Date, the Settlement Fund Amount will be distributed in accordance with the orders of the Court and this Settlement Agreement, including a Plan of Allocation that Class Counsel shall submit at the appropriate time for approval by the Court.