Allocation of Settlement Proceeds. 1. All Opioid Funds shall be divided with 44% to the State (“State Share”) and 56% to the Participating Local Governments (“LG Share”).2
Allocation of Settlement Proceeds. Based upon discussions and consultations between the parties hereto pursuant to the Settlement Agreement, the parties decided that WRSKK shall be liable for One Hundred Towenty Five Million Japanese Yen (JPY125,000,000) of the Settlement Proceeds and the parties decided upon the following breakdown of how said portion of the Settlement Proceeds will be allocated among the following components of the settlement:
Allocation of Settlement Proceeds. Based upon discussions between the parties regarding the customer information disclosed to WRSKK or its designee pursuant to Section 1.4 of this Agreement, the parties will decide by 27 April 2001 the particular breakdown of how the Settlement Proceeds will be allocated among the various matters (the "Final Allocation"). Furthermore, in accordance with the Final Allocation as determined hereinabove, WRSKK or its designee and Kobe by 27 April 2001 shall prepare and conclude a settlement agreement relating to the sale of Kobe's customer list, goodwill, etc. to WRSKK or its designee ("Customer List Settlement Agreement") and a settlement agreement relating to JVA and MDA termination claims, if any ("Termination Settlement Agreement"). The Settlement Proceeds payable to Kobe by WRSKK pursuant to this Agreement shall be allocated respectively to the Customer List Settlement Agreement and the Termination Settlement Agreement pursuant to the Final Allocation determined hereinabove. If the Final Allocation of Settlement Proceeds results in an increase in any governmental taxes, duties, licenses, fees, excises, or tariffs now or hereafter imposed on the payment of the Settlement Proceeds, such charges shall be paid by the party obligated by law to make such payment, or in lieu thereof, the party obligated by law to make such payment shall provide an exemption certificate acceptable to the other party and the applicable authority. If revenue stamps are required under Japanese law to be affixed to this Agreement, the parties shall be required to bear the cost of such stamps for the copy in their possession. Each party shall be responsible for all costs and expenses incurred on its behalf, including but not limited to attorneys fees, related to this Agreement and the negotiations and consultations leading up to the formation of this Agreement.
Allocation of Settlement Proceeds. Based upon discussions and consultations between the parties hereto pursuant to the Settlement Agreement, the parties decided WRSI shall pay to Kobe all termination costs of ancillary agreements (JVA and MDA) in the aggregate amount of Three Million Japanese Yen (JPY3,000,000). The parties determined that such termination costs were properly allocated to WRSI, since it was WRSI's decision to terminate said JVA and MDA with Kobe. Accordingly, WRSI shall reimburse WRSKK for JPY3,000,000 of the Three Hundred Million Japanese Yen (JPY300,000,000) that WRSKK has already paid to Kobe on or about 30 March 2001.
Allocation of Settlement Proceeds. For purposes of the allocation of the Settlement Proceeds only, Settling Supplier shall be deemed to have provided a total principal refund in the amount specified in Item 5.1(e) of the Cover Sheet (the “Settling Supplier Refunds”), which amount shall be allocated as shown in Items 5.1(a), 5.1(b), and 5.1(d) of the Cover Sheet to the Pre-January 18, 2001 Period, the Post-January 17, 2001 Period, and the Pre-October Period, respectively. Refunds associated with Settling Supplier’s short-term bilateral sales to CERS are set forth in Item 5.1(f) in the Cover Sheet. Settling Supplier does not endorse or take any position on the foregoing allocation of Settlement Proceeds, but the Agreement establishes such allocation to ensure the distribution of funds as contemplated by the California Parties.
Allocation of Settlement Proceeds. Based upon discussions and consultations between the parties hereto pursuant to the Settlement Agreement, the parties decided WRSI shall pay to Nissin all termination costs of ancillary agreements (JVA and MDA) in the aggregate amount of Ninety Five Million Japanese Yen (JPY95,000,000). The parties determined that such termination costs were properly allocated to WRSI, since it was WRSI's decision to terminate said JVA and MDA with Nissin. Accordingly, WRSI shall reimburse WRSKK for JPY95,000,000 of the Two Hundred Twenty Million Japanese Yen (JPY220,000,000) that WRSKK has already paid to Nissin on or about 30 March 2001.
Allocation of Settlement Proceeds. Subject to the releases contained in Paragraph 15, the Parties agree that, if the Crown Parties exercise their option under Paragraph 8 above and if the Closing occurs, then no portion of the Purchase Price and no portion of the other consideration required of the Crown Parties as part of this Agreement is a payment towards the Fee Award.
Allocation of Settlement Proceeds. 1. The State, Litigating Political Subdivisions, and Special Districts shall divide awarded funds recovered by the State with 40% going to the Political Subdivisions, 10% going to the Special Districts, and 50% going to the State.
Allocation of Settlement Proceeds
