Funding of Settlement. Defendant shall wire to the Settlement Administrator the Gross Settlement Amount within thirty (30) calendar days of the Effective Final Settlement Date.
Funding of Settlement. Defendant shall wire to the Settlement Administrator the Gross Settlement Amount within ten (10) business days of the Effective Final Settlement Date.
Funding of Settlement. 10.1 No funding of any Individual Settlement, or any part thereof, by Xxxxxx Medical will occur until the 95% Acceptance Requirement has been satisfied or waived by Xxxxxx Medical, a fully executed Release and Dismissal have been delivered to Xxxxxx Medical pursuant to Sections 8 and 9.1.2, and lien amounts have been confirmed by the LRA in writing to Xxxxxx Medical pursuant to Sections 7.1 and 9.1.2.
Funding of Settlement. Within ten (10) calendar days following the Effective Date, Defendant shall transfer or cause to be transferred the approved amount of the GSF and Employer Taxes in a combined total not to exceed the Settlement Amount to the Settlement Administrator. No funds will be payable by Defendant prior to that time.
Funding of Settlement. The Gross Settlement Fund shall be used to pay, in the following order: (1) all Administrative Costs, (2) any taxes owed by the Gross Settlement Fund (but not any taxes owed by any individual Class Counsel, Plaintiff, or Class Members), (3) any Fee and Expense Award approved by the Court,
Funding of Settlement. Within thirty (30) business days after the Effective Date, Defendant shall pay the settlement sum of $1,500,000.00 and the amount that the Settlement Administrator advises is due for Employer Taxes, by transferring these amounts to a settlement account established by the Settlement Administrator for administration of the Settlement. The delivery of the Maximum Gross Settlement Amount to the Settlement Administrator plus its share of Employer’s Taxes shall constitute full and complete discharge of the entire obligation of Defendant under this Agreement. Once Defendant has made such payments, it shall be deemed to have satisfied all the terms and conditions under this Settlement Agreement, shall be entitled to all protections afforded to Defendant under this Agreement, and shall have no further obligations under the terms of the Agreement regardless of what occurs with respect to those sums. Additionally, no Released Parties shall have any further obligation or liability to the Names Plaintiffs, PAGA Releases or Settlement Class Members under this Agreement.
Funding of Settlement. 10.1 Within thirty (30) calendar days of the full execution of this Settlement Agreement, Xxxxxx Medical will deposit or cause to be deposited into an escrow account (the “Escrow Settlement Fund”), One Hundred And Fifty Million Dollars ($150,000,000.00), provided however that under no circumstance will this escrow deposit be made by Xxxxxx Medical until an escrow agreement mutually agreeable to the Parties which sets forth the details of the escrow account (the “Settlement Escrow Agreement”) has been fully executed. Xxxxxx Medical further represents and warrants that it will have sufficient access to operating funds, over and above the maximum settlement balance of $90 Million, to fund continuing operations.
Funding of Settlement. Within eight (8) business days of final approval by the Court, PLM, through the Administrator and provided that PLM has been given all necessary information by the Administrator, will deposit into a QSF account the Settlement Fund amount and, separately and in addition, the amount of employer’s share of payroll taxes determined by the Administrator to be due and owing as to the wage portions of the settlement payments. This money will be used to pay all claims, all required taxes, attorney’s fees and costs, service payments and the costs of administration.
Funding of Settlement. Within fourteen (14) days after the entry of the Preliminary Approval Order, the Fifth Third/Vantiv Defendants shall remit to the Settlement Administrator an amount of $250,000 to cover the administrator’s projected expenses for carrying out the notice plan. Within forty-two (42) days after the entry of the Final Approval Order (as defined below), the Fifth Third/Vantiv Defendants shall remit to the Settlement Administrator the full amount of the Settlement Fund ($50,000,000), less amounts previously paid to cover Settlement Administration Costs (the “Remaining Settlement Fund”). The Settlement Administrator shall hold these funds in escrow and shall disburse them in accordance with the terms of this Agreement. If this Settlement is deemed or declared invalid or void ab initio for any reason, including the reasons set forth below in Paragraphs 25 and 26, the Settlement Administrator shall immediately refund the Settlement Payment to the Fifth Third/Vantiv Defendants less any amounts already expended by the Settlement Administrator on Settlement Administration Costs.
Funding of Settlement. (a) Within fourteen (14) calendar days after the Effective Date, Defendant will transfer the Gross Settlement Amount to the Settlement Account established by the Administrator.
