Settlement Fund Balance definition

Settlement Fund Balance means the balance remaining in the Settlement Fund after: (i) the addition of interest accrued on the Escrow Account; and (ii) deductions for the payment of (a) the Administration Expenses, (b) any Service Awards, and (c) any Fee and Expense Award.
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Settlement Fund Balance means the Settlement Fund net of: any Taxes paid in connection with the Settlement Amount or the Settlement Fund, any banking transaction costs and banking fees related to the Initial Escrow Account and/or the investment of the Settlement Amount pursuant to the terms of the Initial Escrow Agreement, and any Notice and Administration Expenses paid in accordance with ¶¶ 23-25 below. The Settlement Fund Balance shall be transferred from the Initial Escrow Account to the Final Escrow Account in accordance with ¶ 6(e) below. The Settlement Fund Balance, while on deposit in the Initial Escrow Account, shall remain the property of Xx. Xxxxx’x, and Xx. Xxxxx’x shall be entitled to recover or pay from the Settlement Fund Balance: any Taxes with respect to the Settlement Amount or the Settlement Fund Balance, and any banking transaction costs and banking fees related to the Initial Escrow Account and the investment of the Settlement Fund Balance pursuant to the terms of the Initial Escrow Agreement. After the Settlement Fund Balance is transferred to the Final Escrow Account, any Taxes with respect to the Settlement Amount or the Settlement Fund Balance and any banking transaction costs and banking fees related to the Final Escrow Account and the investment of the Settlement Fund Balance pursuant to the terms of the Final Escrow Agreement shall be paid from the Settlement Fund Balance.
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Settlement Fund Balance means the balance remaining in the Settlement Fund
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Examples of Settlement Fund Balance in a sentence

  • Two (2) years after the distribution of the Settlement Fund Balance to Class Members who submitted valid and acceptable Claim Forms, the Settlement Administrator shall destroy any and all documents and materials related to the Action or the Settlement, including any Claim Forms, information related to Class Members, and any and all information and/or documentation submitted by or relating to Class Members.

  • Within ten (10) calendar days after the Final Settlement Date, Defendant shall pay or cause to be paid to the Settlement Administrator an amount equal to the Settlement Fund Balance to be used for the payment of Claims of Class Members.

  • If there are any funds remaining in the Settlement Fund Balance after the Claim program has been completed (“Residual Funds”), including, but not limited to, any funds remaining in the Settlement Fund Balance after all Claims have been paid or un-cashed distributions made payable to eligible Class Members, the Settlement Administrator shall equally distribute the Residual Funds to the following non-profit organization: Consumers Union (xxx.xxxxxxxxxxxxxx.xxx).

  • If the total of the timely, valid and approved Claims submitted by Class Members exceeds the Settlement Fund Balance, each eligible Class Member’s Initial Claim Amount shall be reduced on a pro rata basis, such that the aggregate value of the cash payments pursuant to valid Claims does not exceed the Settlement Fund Balance.

  • Xxx’x Counsel agrees to hold all documents returned by Plaintiffs’ Counsel, and any expert or other consultant or any other individual employed by Plaintiffs’ Counsel in such capacity with access to documents provided by or on behalf of Xxx until one year after the distribution of the Settlement Fund Balance to Class Members who submitted valid and acceptable Claim Forms.

  • If the settlement is approved, each Class Member will receive a check for his/her portion of the Settlement Fund Balance.

  • If there are any funds remaining in the Settlement Fund Balance after the Claim Process and the Check Cashing Deadline (“Residual Funds”), the Settlement Administrator shall distribute the balance of the Residual Funds to the non-profit organization, BBB National Programs, National Advertising Division, as cy pres recipient within Fourteen (14) calendar days after the Check Cashing Deadline.

  • Inventure’s Counsel agrees to hold all documents returned by Plaintiff’s Counsel, and any expert or other consultant or any other individual employed by Plaintiff’s Counsel in such capacity with access to documents provided by or on behalf of Inventure until one year after the distribution of the Settlement Fund Balance to Class Members who submitted valid and acceptable Claim Forms.

  • I also hereby expressly declare that I have not been involved and have not been found liable2 in any violent activities and that, if accepted as a student of DLSU, I will not form, organize, recruit, conduct, or participate in fraternity/sorority-related activities in the university during my entire stay.

  • After the issuance of the Final Judgment and Order Approving Settlement and within forty-five (45) calendar days after the Effective Date, the Settlement Fund Balance, if any, shall be used to pay Approved Claims.


More Definitions of Settlement Fund Balance

Settlement Fund Balance means the balance remaining in the Settlement Fund after payment of (a) all costs of notice and settlement administration, (b) the incentive awards to the Named Plaintiffs as approved by the Court (“Incentive Awards”), and (c) the Attorneys’ Fees and Expenses.
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Settlement Fund Balance means the “Residual Amount.”
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Settlement Fund Balance means the remainder of the Settlement Fund after the
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Settlement Fund Balance means the balance remaining in the Settlement Fund after payment of (i) all costs of notice and administration (including all notices required under 28 U.S.C. § 1715, Periodic Payments as defined in Section IV.A.1.a herein, the other amounts referred to in Sections IV.A.2.a and IV.A.2.b), and any other amounts owed to the Settlement Administrator, (ii) the Service Award (as defined in Section IX.A herein) to the Plaintiff, and (iii) the Attorneys’ Fees and Expenses.
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Settlement Fund Balance means the balance remaining in the Settlement Fund after payment of (i) all costs of notice and administration, (ii) the Enhancement Payments as approved by the Court, and (iii) the Attorneys’ Fees and Expenses.
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Related to Settlement Fund Balance

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Specified Reserve Fund Balance means, on the Closing Date $3,846,153.85, and with respect to any Payment Date 0.25% of the initial aggregate principal balance of the Receivables as of the Cutoff Date.

  • Settlement Funds means moneys allocated to this state from the environmental mitigation trust specified in par. (d) and received by the state from the trustee.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Initial Monthly Payment Fund An amount representing scheduled principal amortization and interest at the Net Mortgage Rate for the Due Date in the first Due Period commencing subsequent to the Cut-off Date for those Mortgage Loans for which the Trustee will not be entitled to receive such payment, and as more specifically defined in the Series Supplement.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Aggregate Targeted Balance With respect to any group of Targeted Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • Pre-Funded Amount With respect to any date of determination, the amount on deposit in the Pre-Funding Account.

  • Class PO Deferred Amount As to any Distribution Date, the aggregate of the applicable PO Percentage of each Realized Loss, other than any Excess Loss, to be allocated to the Class PO Certificates on such Distribution Date on or prior to the Senior Credit Support Depletion Date or previously allocated to the Class PO Certificates and not yet paid to the Holders of the Class PO Certificates.

  • Reserve Fund Required Amount means, (i) for any Payment Date on which the Note Balance is greater than $0, $4,792,570.75 (i.e., 0.25% of the Cutoff Date Adjusted Pool Balance) or (ii) if the Notes have been paid in full, $0.

  • Class A-PO Deferred Amount For any Distribution Date prior to the Subordination Depletion Date, the difference between (A) the sum of (x) the amount by which the sum of the Class A-PO Optimal Principal Amounts for all prior Distribution Dates exceeded the amounts distributed on the Class A-PO Certificates on such prior Distribution Dates pursuant to Paragraph third clause (2) of Section 4.01(a) and (y) the sum of the product for each Discount Mortgage Loan which became a Liquidated Loan at any time on or prior to the last day of the Applicable Unscheduled Principal Receipt Period for Full Unscheduled Principal Receipts for the current Distribution Date of (a) the PO Fraction for such Discount Mortgage Loan and (b) an amount equal to the principal portion of Realized Losses (other than Bankruptcy Losses due to Debt Service Reductions) incurred with respect to such Discount Mortgage Loan and (B) the sum of (x) the sum of the Class A-PO Recoveries for such Distribution Date and prior Distribution Dates and (y) amounts distributed on the Class A-PO Certificates on prior Distribution Dates pursuant to Paragraph fourth of Section 4.01(a). On and after the Subordination Depletion Date, the Class A-PO Deferred Amount will be zero. No interest will accrue on any Class A-PO Deferred Amount.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Targeted Balance With respect to any group of Targeted Principal Classes or Components in the aggregate and any Distribution Date appearing in Schedule V hereto, the Aggregate Targeted Balance for such group and Distribution Date. With respect to any other Targeted Principal Class or Component and any Distribution Date appearing in Schedule V hereto, the applicable amount appearing opposite such Distribution Date for such Class or Component.

  • Aggregate Planned Balance With respect to any group of Planned Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • Assumed Balance With respect to any Distribution Date, Class of Subordinated Certificates and Loan Group, each such Class' pro rata interest (based on their respective Class Certificate Balances) in such Loan Group equal to the product of the Subordinated Percentage for such Loan Group as of such Distribution Date and the aggregate Stated Principal Balance of each Mortgage Loan in such Loan Group as of the Due Date occurring in the month preceding the month of such Distribution Date (after giving effect to Principal Prepayments received in the Prepayment Period related to such prior Due Date).

  • Targeted Balances Not applicable.

  • Planned Balance Not applicable.

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Payment Fund has the meaning set forth in Section 2.02(a).