Total Settlement Payment definition

Total Settlement Payment means the cash sum of $54,500,000.00, comprising the Class Action Settlement Payment and the Fraudulent Transfer Settlement Payment.

Total Settlement Payment means the total payment that the Defendants collectively are to make in accordance with Section 2(a) of this Agreement.

Total Settlement Payment means the amount of Seven Hundred Thousand Dollars ($700,000.00). This amount shall be the maximum that Comcast will pay pursuant to the Agreement and is inclusive of all payments necessary to implement this Agreement and dismiss the Litigation, including all attorneys’ fees and costs, third party administration costs, Named Plaintiff and Opt-In Deponent Enhancement Payments and the Plaintiff Payments. Notwithstanding the foregoing, the Company shall pay the employer’s portion of payroll taxes outside the Total Settlement Payment, as provided in Paragraph 4.6.

Examples of Total Settlement Payment in a sentence

• No later than five (5) business days after the entry of the Preliminary Approval Order, Class Counsel shall: (a) establish at a Financial Institution through the Settlement Administrator, an account (the “Escrow Account”) for the purpose of holding the Total Settlement Payment; and (b) provide notice to Defendant of the information needed to deposit the First Settlement Payment and Second Settlement Payment into the Escrow Account.

• In the event that the Final Approval Order and Judgment is reversed, including through some other proceeding, then the Total Settlement Payment, including any interest, less any administrative costs already incurred, shall be returned to Defendant.

• The Total Settlement Payment specifically satisfies any and all claims for costs and attorneys’ fees by Class Counsel, Case Contribution Award(s) to Named Plaintiffs, Settlement Administration Expenses, Independent Fiduciary Fees and Costs, and Taxes, in addition to any amounts to be distributed to Settlement Class members pursuant to this Settlement Agreement.

• The Total Settlement Payment shall be the full and sole monetary contribution and consideration made by or on behalf of Defendant Releasees in connection with the Action, Xxxxxxxx I and the Settlement.

• This Settlement Agreement and the Total Settlement Payment made hereunder are made in compromise of disputed claims and are not admissions of any liability of any kind, whether legal or factual.

More Definitions of Total Settlement Payment

Total Settlement Payment means Thirty Million Five Hundred Thousand Dollars ($30,500,000.00), i.e., the sum of the First Settlement Payment and Second Settlement Payment.

Total Settlement Payment means Twenty One Million Five Hundred Thousand Dollars ($21,500,000.00), i.e., the sum of the First Settlement Payment and Second Settlement Payment.

Total Settlement Payment means the $1,725,000 total cash payment that the Settling Defendants collectively are obligated to make under the terms of this Settlement in accordance with Section 2 of this Agreement.

Total Settlement Payment means the sum of the COUNSEL SETTLEMENT AMOUNT, “PLAINTIFF SETTLEMENT AMOUNT,” and any other amounts that may be payable by NPS under separate agreement related to this ACTION.

Total Settlement Payment means the sum of the First Settlement Payment and Second Settlement Payment.

Total Settlement Payment means the sum of the Total DST Settlement Payment; the Total Goldfarb Settlement Payment; and the Total RCG Settlement Payment.

Total Settlement Payment means the total amount Life Time will pay to settle the action, including all Settlement Costs, Cash Awards, and Membership Awards, as described in Section 4.02.