Settlement Fund Payment definition

Settlement Fund Payment means the $45 million committed by GPC to be used to pay Final Payment Amounts to Successful Claimants, all Attorneys’ Fees and Litigation Expenses and Enhancement Payments approved by the Court, and all Administrative Expenses incurred by the Settlement Administrator in implementing the Settlement, and whose unclaimed Remainder after such payments have been made shall be distributed as required by Section 6. This Fund is separate and distinct from the additional funds committed by GPC to pay for the affirmative relief as required by Section 10 below.
Sample 1Sample 2Sample 3
Settlement Fund Payment means the sum of two million and six-hundred thousand dollars ($2,600,000), one million and six-hundred thousand dollars ($1,600,000) of which is to come directly from TASC, and one million ($1,000,000) of which TASC will obtain from its insurer in order to resolve the claims in the Litigation, which at the time of the execution of this Settlement Agreement is Philadelphia Insurance Companies.
Sample 1Sample 2
Settlement Fund Payment means fourteen million three hundred thousand dollars ($14,300,000.00) as described in Section IV Paragraph B.
Sample 1

Examples of Settlement Fund Payment in a sentence

  • In the event no money remains in the Settlement Fund within one year plus 30 days after the first Settlement Fund Payment is mailed, the Parties shall have no obligation whatsoever to make any residual cy pres distribution.

  • Untimely Claim Forms will be rejected and those Settlement Class Members will not receive a Settlement Fund Payment.

  • The amount of each cash distribution shall be determined by the following formula: Net Settlement Fund divided by total number of Settlement Class Members = Settlement Fund Payment.

  • Any unused portion of the Preliminary Settlement Fund Payment, including interest accrued thereon, shall be returned to the Settling Defendants.

  • The Total Settlement Payment, including the Preliminary Settlement Fund Payment, constitutes remediation (as defined in 26 U.S.C. § 162(f)) for the claims alleged by Plaintiffs on behalf of themselves and the Settlement Class Members.

  • Within twenty (20) days of Preliminary Approval, Settling Defendants shall pay TEN MILLION DOLLARS ($10,000,000) in cash (the Preliminary Settlement Fund Payment) into the Escrow Account to create the Preliminary Settlement Fund for the benefit of the Settlement Class Members to pay Preliminary Administrative Expenses.

  • Our metamodel is made of a set of metaprimitives.Each metaprimitive captures a class of constructs, used in different data models, which share common characteristics or, more precisely, that implement, pos- sibly with different names, the same basic abstraction principle [2].

  • No portion of the Total Settlement Payment, including the Preliminary Settlement Fund Payment, constitutes a fine, penalty, punitive damages, disgorgement of profits, or reimbursement for investigation or litigation costs within the meaning of 26 U.S.C. § 162(f), or an amount paid in settlement of any claim for any of the foregoing; and if a determination were made to the contrary, the amounts paid would qualify under the exceptions in Subsections 162(f)(2) and (3).

  • Notwithstanding any other provision of the Settlement Agreement, Defendant’s total monetary contribution shall not under any circumstances exceed the $8 million Settlement Fund Payment (which includes any payments for Administrative Expenses, Attorneys’ Fees and Litigation Expenses, Enhancement Payments), plus the reasonable cost of the first mailing of the Class Settlement Notice and the CAFA notices, as provided in Section 5.3.

  • This shall be referred to as the “Nuisance Payment Allocation.” All interest earned on the Preliminary Settlement Fund Payment deposited in the Escrow Account shall after Final Approval also be allocated to the Nuisance Settlement Class and be added to this allocation.


More Definitions of Settlement Fund Payment

Settlement Fund Payment means payments to Claimants whose Claims the Settlement Administrator has approved in accordance with the distribution directive in Section XIII hereof.
Sample 1
Settlement Fund Payment means the $8 million committed by Defendant to be used to pay Payment Amounts to Class Members, all Attorneys’ Fees and Litigation Expenses and Enhancement Payments approved by the Court, and all Administrative Expenses incurred by the Settlement Administrator in implementing the Settlement, and whose unclaimed Remainder Funds after such payments have been made shall be distributed as required by Section 6.3.
Sample 1
Settlement Fund Payment means the cash dollar amount of the Settlement Fund that each Settlement Class Member will receive.
Sample 1
Settlement Fund Payment means two million dollars ($2,000,000.00) as described in Section IV Paragraph A.
Sample 1

Related to Settlement Fund Payment

  • Sinking Fund Payment means, with respect to a particular Group of 2020 Series D Bonds, as of any particular date of calculation, the amount required to be paid at all events by the Corporation on a single future date for the retirement of Outstanding 2020 Series D Bonds of such Group which mature after said future date, but does not include any amount payable by the Corporation by reason of the maturity of a 2020 Series D Bond of such Group or by call for redemption at the election of the Corporation.

  • Sinking Fund Account means the sinking fund account established and held by the Treasurer of Charleston County designed to provide for the payment of the principal of, premium, if any, and interest on the Bonds, as the same respectively fall due.

  • Sinking Fund Installment means, as of any particular date of calculation, the amount required, as of such date of calculation, to be paid by the Authority on a future date for the retirement of Outstanding Bonds which are stated to mature subsequent to such future date, but does not include any amount payable by the Authority by reason only of the maturity of a Bond.

  • Pooled fund group means an internally created fund of a district in which one or more institutional accounts of a district are in- vested.

  • pension fund holder means with respect to a personal pension scheme or an occupational pension scheme, the trustees, managers or scheme administrators, as the case may be, of the scheme concerned;

  • Bond Payment Date means any date on which principal of or interest on any Bond is payable.

  • the Independent Living Fund (2006 means the Trust of that name established by a deed dated 10th April 2006 and made between the Secretary of State for Work and Pensions of the one part and Margaret Rosemary Cooper, Michael Beresford Boyall and Marie Theresa Martin of the other part;

  • Fund Property means the property and assets of the Fund.

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

  • 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.

  • Dividend Payment Date means February 15, May 15, August 15 and November 15 of each year.

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

  • Debt Fund Affiliate means any Affiliate of the Sponsor (other than Holdings and its Subsidiaries) that is primarily engaged in, or advises funds or other investment vehicles that are engaged in, making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit or securities in the ordinary course and with respect to which the Sponsor does not, directly or indirectly, possess the power to direct or cause the direction of the investment policies of any such Affiliate. Notwithstanding the foregoing, in no event shall a Natural Person be a Debt Fund Affiliate.

  • Sinking Fund means each Sinking Fund Subaccount under the Indenture. To the extent necessary for compliance with the Authority’s tax covenants and other provisions of the Indenture and the Act, the Authorized Officers of the Authority may subdivide each such subaccount in respect of separate categories or issues of Sinking Fund Bonds.