Total Settlement Fund definition

Total Settlement Fund means the Settlement Fund plus all interest and accretions thereto earned after being deposited to the Escrow Account controlled by the Escrow Agent.
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Total Settlement Fund means the qualified settlement fund this Agreement obligates Defendant to fund in the amount of $9,200,000, which is in the form of a non- reversionary common fund and is established in accordance with 26 C.F.R. §§ 1.468B-1(c) and (e)(1).
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Total Settlement Fund means, collectively, the Class Settlement Fund, as defined in Paragraph 11(a) of this Stipulation, and the Derivative Settlement Fund, as defined in Paragraph 11(b) of this Stipulation.
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Examples of Total Settlement Fund in a sentence

  • Any fees and expenses awarded by the Court will be paid from the Total Settlement Fund.

  • All costs and liabilities related to the administration, maintenance, investment, use and/or disbursement of the Settlement Fund shall be borne by the Total Settlement Fund, and the Released Parties shall have no responsibility for, interest in, or liability whatsoever with respect to the actions of the Escrow Agent, or any transactions executed by the Escrow Agent.

  • The Escrow Agent or its designee shall apply for any Tax refund owed on the Total Settlement Fund and pay the proceeds, after deduction of any fees or expenses incurred in connection with such application(s) for refund to the same Persons in the same manner as the Total Settlement Fund described in this Section 8.4. Such payments shall be pursuant to written instructions from Columbia counsel.

  • Class Counsel will ask the Court to approve payment of up to one-third of the Total Settlement Fund for their attorneys’ fees.

  • The amount of each Cash Award will be determined by the following formula: (Total Settlement Fund – Settlement Costs) ÷ (Total Number of Approved Claims) = Cash Award.

  • The Escrow Agent, through the Total Settlement Fund, shall indemnify and hold each of the Released Parties harmless for Taxes and Tax Expenses (including, without limitation, Taxes payable by reason of any such indemnification).

  • The intention of the Parties is that the Total Settlement Fund will first be used to pay for the Administration Expenses (as defined in the Settlement Agreement).

  • Class Counsel may file a Fee Application seeking an award of attorneys’ fees and reimbursement of reasonable expenses of no more than one-third of the Total Settlement Fund, plus costs and a Service Award of $5,000 to the Plaintiff, all of which shall, if approved by the Court, be paid from the Settlement Fund.

  • Based on these figures, the average per-share recovery from the Total Settlement Fund would be approximately $3.25 per share of common stock and $0.85 per share of preferred stock before the deduction of attorneys’ fees, costs and expenses, as approved by the Court.

  • The Administration Expenses will be paid from the Total Settlement Fund.


More Definitions of Total Settlement Fund

Total Settlement Fund and “Midland Settlement Fund” means the fund described in Section 4.1.
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Total Settlement Fund means a fund of a total of nine million four hundred thousand dollars ($9,400,000) to be paid by the DIRECTV Defendants in accordance with the terms of this Agreement. That amount shall reflect the total monetary liability to Plaintiffs or Settlement Class Members for all Defendants in this Litigation; under no circumstances shall any Defendant be required to pay any additional amount under the Settlement to Plaintiffs, Settlement Class Members, counsel for Plaintiffs, or the Administrator.
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Total Settlement Fund means the fund consisting of the maximum amount of Four Million Five Hundred Thousand Dollars and zero cents ($4,500,000.00) to be paid by Defendant in full satisfaction of all Released Class Claims, Released FLSA Claims, and claims encompassed by the General Release by Class Representatives, which includes all Individual Settlement Payments to Participating Class Members and Participating FLSA Members (inclusive of the employee’s share of taxes and withholdings with respect to the Wage Portion, as set forth in Section III, Paragraph 9, infra), the Incentive Awards, Settlement Administration Costs, the LWDA Payment, the Attorneys' Fees and Costs, and Employer Taxes. In no event will Defendant be liable for more than the amount of the Total Settlement Fund. The entire Total Settlement Fund will be fully paid out and no portion of it will revert or be retained by Defendant.
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Total Settlement Fund means the maximum amount that will be paid under the terms of this Agreement: $366,000.00.
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Total Settlement Fund means the sum of all the State Subclass Total Settlement Funds.
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Related to Total Settlement Fund

  • Qualified Settlement Fund or “Settlement Fund” means the interest-bearing, settlement fund account to be established and maintained by the Escrow Agent in accordance with Article 5 herein and referred to as the Qualified Settlement Fund (within the meaning of Treas. Reg. § 1.468B-1).

  • Individual Settlement Payment means the amount payable from the Net

  • Net Settlement Fund means the Settlement Fund less: (i) any Taxes;

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

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

  • Gross Settlement Amount means $520,000.00 (Five Hundred Twenty Thousand Dollars and Zero Cents), which is the total amount Defendants agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • 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.

  • Physical Settlement shall have the meaning specified in Section 14.02(a).

  • Physical Settlement Date means the date specified as such in any Physical Settlement Notice, which shall be not earlier than 10 nor later than 20 Business Days after the date on which the Physical Settlement Notice is given.

  • Structured settlement means an arrangement for periodic payment of damages for personal injuries established by settlement or judgment in resolution of a tort claim or for periodic payments in settlement of a workers’ compensation claim.