Common use of Monetary Payment Clause in Contracts

Monetary Payment. In exchange for the promises and warranties of Plaintiffs ▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ in their capacities as contained herein, Defendants Do Lab Inc., and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ individually and d.b.a RGX Medical, and their insurers, contingent upon court approval of a good faith settlement to be obtained by defendants, shall pay the one-time total lump sum of FOUR MILLION DOLLARS ($4,000,000) by checks made payable as follows: (a) $2,000,000.00 to Plaintiff ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇’ attorneys, “Pachowicz Goldenring – Client Trust Account” (Federal Tax Identification Number ▇▇-▇▇▇▇▇▇▇); (b) $2,000,000.00 to Plaintiff ▇▇▇▇▇ ▇▇▇▇▇▇’▇ attorneys, “▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇▇ – Client Trust Account” (Federal Tax Identification Number ▇▇-▇▇▇▇▇▇▇.

Monetary Payment. In exchange for the promises and warranties of Plaintiffs ▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ in their capacities as contained herein, Defendants Do Lab Inc., and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ individually and d.b.a RGX Medical, and their insurers, contingent upon court approval of a good faith settlement to be obtained by defendants, shall pay the one-time total lump sum of FOUR MILLION DOLLARS ($4,000,000) by checks made payable as follows: (a) $2,000,000.00 to Plaintiff ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇’ attorneys, “Pachowicz Goldenring ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ – Client Trust Account” (Federal Tax Identification Number ▇▇-▇▇▇▇▇▇▇); (b) $2,000,000.00 to Plaintiff ▇▇▇▇▇ ▇▇▇▇▇▇’▇ attorneys, “▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇▇ – Client Trust Account” (Federal Tax Identification Number ▇▇-▇▇▇▇▇▇▇.