Settlement Terms and Benefits to the Settlement Class. 5.1 Maximum Payment to Settlement Class. Defendant will pay the total sum of $1,000,000.00, plus all Notice and Administration Costs for a Maximum Payment of up to $1,269,500, to settle the Action with the Settlement Class and obtain a release of all Released Claims in favor of all Released Parties as set forth herein, unless the Settlement Fund is increased as a result of an increase in class size as set forth in the last paragraph of Section 2.36. The Notice and Administration Costs shall be paid by Defendant. The Settlement Fund will be used to pay Approved Claims, any attorneys’ fees, costs, and expenses approved by the Court, and any incentive award to Class Plaintiff approved by the Court. Settlement Class Members will be eligible for a cash payment, the amount of which is dependent upon the number of Approved Claims. In no event will Defendant’s payment obligations exceed the Maximum Payment.
Settlement Terms and Benefits to the Settlement Class. 5.01. Maximum Payment. Xxxxx Fargo Bank, N.A. shall pay $14,550,198.00 to settle the Action and obtain a release of all Released Claims in favor of all Released Parties as set forth herein. The Maximum Payment will be used to pay Approved Claims and any Settlement Costs. Settlement Class Members will be eligible for a cash payment, the amount of which is dependent upon the number of Approved Claims.
Settlement Terms and Benefits to the Settlement Class. 4.01 Capital One’s 0% Offer Materials. Since the time when Class Representative Xxxx received her 0% Offer, Capital One has further enhanced the disclosures in its 0% Offer materials addressing the Grace-Period Effect and the Payment-Allocation Effect, benefiting all Settlement Class Members.
Settlement Terms and Benefits to the Settlement Class. 5.01. Upon receipt of the information about the number and type of claims made and the identity of the claimants from the Claims Administrator, and within thirty (30) days after the Effective Date or as soon as practicable thereafter, Defendants are to credit each Approved Claimant who has at least one account with Defendants with an outstanding balance a pro rata amount equal to $13,000,000 (the “Credit Component of the Settlement Fund”) divided by the total number of Approved Claimants who have accounts with Defendants with outstanding balances and have not validly contested receiving debt credits pursuant to Section 11.03 below (“Credit Amount”). If an Approved Claimant entitled to a Credit Amount has more than one account with Defendants, the credit will go to the account with the smallest balance, and if that balance is less than the amount of the credit, then the remaining amount left over from paying off the smallest account will be credited to another account with Defendants with the next largest balance for that Approved Claimant. If an Approved Claimant entitled to a Credit Amount does not have a high enough account balance or balances to use the entire Credit Amount, the Approved Claimant will receive a debt credit or credits up to his or her account balance or balances and no refund of the excess Credit Amount will be given to the Approved Claimant. In determining whether a claimant has an outstanding balance on an account, Defendants may, but are not required to, disregard any amounts owed to Defendants for which Defendants have determined that they will not pursue collection efforts within a reasonable time.
Settlement Terms and Benefits to the Settlement Class. 5.01. Total Payment. I.C. System Inc. shall pay $3,350,000.00 to settle the Action and obtain a release of all Released Claims in favor of all Released Parties as set forth herein. The Settlement Payment will be used to pay Approved Claims and any Settlement Costs. Settlement Class Members will be eligible for a cash payment, the amount of which is dependent upon the number of Approved Claims.
Settlement Terms and Benefits to the Settlement Class. 2.1 Macy’s shall pay $192,500.00 (the “Settlement Fund”) to settle the Litigation and obtain a release of all Released Claims in favor of Macy’s and the Released Persons. The Settlement Fund shall be used to pay amounts to be paid to Settlement Class Members for Approved Claims as provided for in this Agreement. The Settlement Fund shall be paid to the Settlement Administrator fifteen (15) business days after the Effective Date and shall be maintained in an interest bearing account at a deposit institution mutually agreed to be the Parties.
Settlement Terms and Benefits to the Settlement Class. 4.01 [reserved]
Settlement Terms and Benefits to the Settlement Class. 5.01. Total Payment. Citizens shall pay $4,551,267.50 to settle the Action and obtain a full release from Settlement Class Members of all Released Claims. The Settlement Fund established by Citizens will be used to pay Approved Claims and any and all Settlement Costs. Settlement Class Members will be eligible for a cash payment, the amount of which is dependent upon the number of Approved Claims.
Settlement Terms and Benefits to the Settlement Class. 5.1 Total Payment to Settlement Class. Defendants shall pay the total sum of FIVE MILLION AND FIVE HUNDRED THOUSAND DOLLARS ($5,500,000.00) to settle the Action with the Settlement Class and obtain a Release of all Released Claims in favor of all Released Parties. The Total Payment will be used to pay valid claims and any Settlement Costs. Settlement Class Members will be eligible for a cash payment, the amount of which is dependent upon the number of Approved Claims. In no event will Defendants’ payment obligations be greater than or less than the Settlement Fund.
Settlement Terms and Benefits to the Settlement Class. 4.01. Total Payment. Bluestem agrees to pay $5,250,000.00 to settle the Action and
