Settlement Sum definition

Settlement Sum means: (a) if the Claim relates to any period of time during which the Vehicle is not available for use during the Term in circumstances where we are liable for such unavailability: an amount equal to the Daily Hire Charge multiplied by the number of full days during the relevant period;

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Settlement Sum means three million five hundred thousand dollars ($3,500,000.00).

Settlement Sum means Thirty-Eight Million Two Hundred Twenty-Five Thousand Dollars ($38,225,000) as described in Section XI.A. of this Settlement Agreement.

Examples of Settlement Sum in a sentence

• The Settlement Sum shall be the only source of payment for the Settlement Awards.

• The Settling Parties agree that the total value of the considerations provided and paid by Audi in this Agreement, including the Settlement Sum, the costs of the Notice Program, the costs and disbursements of the Settlement Administrator (including arbitration costs) and the Class Counsel Fees (plus taxes), equal approximately five hundred thousand Canadian dollars (CAD $500,000).

• If amounts remain in the Settlement Sum after calculating the aggregate amount of Valid Settlement Claims for Reimbursements of Out-of-Pocket Losses (as approved by the Settlement Administrator) (the said remainder, if any, being referred to herein as the “Cash Fund”), a Settlement Class Member who made an undocumented claim for a cash payment can receive a proportional share of the Cash Fund up to two hundred Canadian dollars (CAD $200) per Person.

• The Settlement Administrator shall deposit the Settlement Sum in an interest-bearing account (the “Account”).

• In consideration for the settlement and releases provided herein, Audi will pay the Settlement Sum to the Settlement Administrator as a collective indemnification of the Settlement Class Members, to be individually liquidated to Settlement Class Members having filed a Valid Settlement Claim as per the terms of the Agreement.

More Definitions of Settlement Sum

Settlement Sum means the amount equal to the difference between the amounts calculated in accordance with the following formulae:

Settlement Sum means the sum of: (1) the amount of a proposed compromise or settlement of an Indemnifiable Claim agreed to by all parties to such Indemnifiable Claim (other than the Indemnified Party); and (2) the amount of all other Indemnified Losses to which the Indemnified Party is entitled with respect to such Indemnifiable Claims outstanding at the expiration of the thirty day calendar period beginning on the date on which the last Compromise Notice relating to such indemnified claim has been received by the Indemnified Party;

Settlement Sum means the aggregate of: the Termination Sum; and the Total Loss Value of the Vehicle, less any monies actually received and retained by the Supplier as payment from the Customer's insurers for the Total Loss;

Settlement Sum means $7,200,000. The Settlement Sum represents the maximum possible payment by Defendant under this Agreement from which payments for all (a) Approved Claims to Class Members, (b) Settlement Administration Expenses, (c) CAFA Notice, and (d) any Fee Award, will be made.

Settlement Sum means three hundred forty-four thousand six hundred dollars and zero cents ($344,600.00).

Settlement Sum means the Maximum Settlement Amount described in paragraph 2,

Settlement Sum means $41,450,000 inclusive of all damages, interest, costs, counsel fees and disbursements, Third Party Recovery Amounts and Administration Costs and any GST applicable to those costs or amounts.