Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment Sample Clauses

Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment. 17 11. An award of $ for attorneys’ fees, representing one-third of the 18 Gross Settlement Amount, and $ for litigation costs and expenses, is reasonable, 19 in light of the contingent nature of Class Counsel’s fee, the hours worked by Class Counsel, and 20 the results achieved by Class Counsel. The requested award has been supported by Class 21 Counsel’s lodestar and billing statement. 22 Class Representative Service Payment
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Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment. Class Counsel will seek approval from the Court for payments of attorneys’ fees in the maximum amount of 33.33% ($833,333) of the Gross Settlement Amount, plus $60,000 in litigation expenses. If approved by the Court, these amounts will be deducted from the Gross Settlement Amount. Class Counsel believes the amount requested for attorneys’ fees is fair and reasonable. Defendant will not oppose Class Counsel’s request for these amounts, but you may object to the request for attorneys’ fees as described below.
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Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment. Payment to Class Counsel of reasonable attorneys’ fees not to exceed one-third (1/3) of the Gross Settlement Amount, which is presently $900,000, and an additional amount to reimburse actual litigation costs incurred by the Plaintiffs not to exceed $105,000. Class Counsel has been prosecuting the Action on behalf of Plaintiffs and the Class on a contingency fee basis (that is, without being paid any money) and has been paying all litigation costs and expenses. • Class Representative Service Payments. Class Representative Service Payments in an amount not to exceed $10,000 to each of the Plaintiffs, subject to Court approval, to compensate them for services on behalf of the Class in initiating and prosecuting the Action, and for the risks they undertook. • PAGA Penalties. A payment of $75,000 relating to the claim for penalties under PAGA, 75% ($56,250) of which will be paid to the California Labor Workforce Development Agency (“LWDA”"), and 25% ($18,750) of which shall distributed as Individual PAGA Payments to the Aggrieved Employees based on their respective pay periods worked during the PAGA Period. o The “PAGA Period” is February 24, 2018 through September 1, 2022.
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Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment. A Class Counsel Fees Payment of not more than 35 % of the Gross Settlement Amount, which is currently estimated to be $78,750, and a Class Counsel Litigation Expenses Payment of not more than $18,000.00. XXXXXXX will not oppose requests for these payments provided they do not exceed these amounts. Plaintiff and/or Class Counsel will file a motion for Class Counsel Fees Payment and Class Litigation Expenses Payment no later than 16 court days prior to the Final Approval Hearing. If the Court approves a Class Counsel Fees Payment and/or a Class Counsel Litigation Expenses Payment less than the amounts requested, the Administrator will allocate the remainder to the Net Settlement Amount. Released Parties shall have no liability to Class Counsel or any other Plaintiff’s Counsel arising from any claim to any portion of any Class Counsel Fee Payment and/or Class Counsel Litigation Expenses Payment. The Administrator will pay the Class Counsel Fees Payment and Class Counsel Expenses Payment using one or more IRS 1099 Forms. Class Counsel assumes full responsibility and liability for taxes owed on the Class Counsel Fees Payment and the Class Counsel Litigation Expenses Payment and holds BENZEEN harmless, and indemnifies BENZEEN, from any dispute or controversy regarding any division or sharing of any of these Payments.
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Related to Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment

  • Litigation Expenses If either party successfully seeks to enforce any provision of this Agreement or to collect any amount claimed to be due under it, this party will be entitled to reimbursement from the other party for any and all of its out-of-pocket expenses and costs including, without limitation, reasonable attorneys' fees and costs incurred in connection with the enforcement or collection.

  • Arbitration Expenses Each party shall pay the fees and expenses of its appointed member and one-half the fees and expenses of the chair or single arbitrator.

  • CLAIM EXPENSES The Reinsurer will pay its share of reasonable claim investigation and legal expenses connected with the litigation or settlement of contractual liability claims unless the Reinsurer has discharged its liability pursuant to Section 9.4 above. If the Reinsurer has so discharged its liability, the Reinsurer will not participate in any expenses incurred thereafter. The Reinsurer will not reimburse the Ceding Company for routine claim and administration expenses, including but not limited to the Ceding Company's home office expenses, compensation of salaried officers and employees, and any legal expenses other than third party expenses incurred by the Ceding Company. Claim investigation expenses do not include expenses incurred by the Ceding Company as a result of a dispute or contest arising out of conflicting claims of entitlement to policy proceeds or benefits.

  • Defense Costs No defense costs shall be included within or erode the limits of coverage of any of the insurance policies, except that defense costs may be included within the limits of coverage of professional and pollution liability policies.

  • Recovery of Litigation Costs If any legal action or other proceeding is brought for the enforcement of this Warrant, or because of an alleged dispute, breach, default, or misrepresentation in connection with any of the provisions of this Warrant, the successful or prevailing party or parties shall be entitled to recover reasonable attorneys' fees and other costs incurred in that action or proceeding, in addition to any other relief to which it or they may be entitled.

  • Payment Of Arbitration Costs And Fees The arbitrator shall award all costs and expenses of the arbitration proceeding.

  • Dispute Resolution Expenses If the Asset Representations Reviewer participates in a dispute resolution proceeding under Section 3.7 and its reasonable expenses for participating in the proceeding are not paid by a party to the dispute resolution within 90 days after the end of the proceeding, the Issuer will reimburse the Asset Representations Reviewer for such expenses on receipt of a detailed invoice.

  • Termination Expenses Termination Expenses are in addition to compensation for Basic and Supplemental Services, and are full compensation for all damages and expenses which are directly or indirectly attributable to termination. Termination Expenses are applicable only to a termination for convenience by Owner and shall be computed as a percentage of the total compensation for Basic Services and Supplemental Services earned to the time of termination, as follows:

  • Litigation, etc The Fund shall give prompt notice in writing to the Purchaser of any litigation, administrative proceeding or business development which is reasonably expected to materially adversely affect its business, properties or affairs or to impair the ability of the Fund to perform its obligations as set forth hereunder or under any of the other Related Documents. All information, reports and other papers, documentation and data with respect to the Fund furnished to the Purchaser pursuant to this Section 6.9 shall be, at the time the same are so furnished, complete and correct in all material respects and, when considered with all other material delivered to the Purchaser under this Agreement or made available pursuant to the Due Diligence Request, will not contain untrue statements of material facts or omit to state material facts necessary to make the statements contained therein, in light of the circumstances under which they were made, not misleading.

  • Compensation, Expenses and Indemnification (a) The Fund shall pay to the Auction Agent from time to time reasonable compensation for all services rendered by it under this Agreement and under the Broker-Dealer Agreements as shall be set forth in a separate writing signed by the Fund and the Auction Agent, subject to adjustments if the Preferred Shares no longer are held of record by the Securities Depository or its nominee or if there shall be such other change as shall increase or decrease materially the Auction Agent's obligations hereunder or under the Broker-Dealer Agreements.

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