Common use of Net Distributable Settlement Fund Clause in Contracts

Net Distributable Settlement Fund. “Net Distributable Settlement Fund” means the “Net Settlement Fund” less: (a) the amount of any award for attorney’s fees or attorney compensation approved by the Court and awarded to Plaintiffs’ Counsel; and (b) any interest earned and attributable to the amount of such award while in escrow.

Appears in 4 contracts

Samples: Settlement and Release Agreement, Settlement and Release Agreement, Settlement and Release Agreement

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Net Distributable Settlement Fund. “Net Distributable Settlement Fund” means the “Net Settlement Cash Fund” less: plus any interest earned on the Cash Fund, while in escrow, less the sum of (a) any incentive awards approved by the amount of Court and paid to the Class Representatives; (b) any award for attorney’s fees or attorney compensation litigation expenses and/or costs approved by the Court and awarded to Plaintiffs’ CounselClass Counsel for this litigation or for ancillary matters as referred to in Paragraph 5.b; and (bc) any interest earned and attributable award of attorneys’ fees to the amount of such award while in escrowClass Counsel.

Appears in 1 contract

Samples: Class Action Settlement Agreement and Release

Net Distributable Settlement Fund. “Net Distributable Settlement Fund” means the “Net Settlement Cash Fund” less: plus any interest earned on the Cash Fund, while in escrow, less the sum of (a) any incentive award approved by the amount of Court and paid to the Class Representative; (b) any award for attorney’s fees or attorney compensation litigation expenses and/or costs approved by the Court and awarded to Plaintiffs’ CounselClass Counsel for this litigation or for ancillary matters.; and (bc) any interest earned and attributable award of attorneys’ fees to the amount of such award while in escrowClass Counsel.

Appears in 1 contract

Samples: Class Action Settlement Agreement and Release

Net Distributable Settlement Fund. “Net Distributable Settlement Fund” means the “Net Settlement Gross Cash Fund” less: plus any interest earned and attributable to these awards, respectively, while in escrow, less the sum of (a) the amount of any incentive award for attorney’s fees or attorney compensation approved by the Court and paid to Plaintiff Xxxxxxx; (b) the amount of any litigation expenses and/or costs approved by the Court and awarded to Plaintiffs’ Plaintiff’s Counsel; and (bc) any interest earned and attributable to the amount of such any award while in escrowof attorneys’ fees to Plaintiff’s counsel.

Appears in 1 contract

Samples: Settlement and Release Agreement

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Net Distributable Settlement Fund. “Net Distributable Settlement Fund” means the “Net Settlement Fund” less: (a) the amount of any award for attorney’s fees or attorney compensation approved by the Court and awarded to Plaintiffs’ Counsel; , and (b) any interest earned and attributable to the amount of such award awards while in escrowthe Settlement Fund Account.

Appears in 1 contract

Samples: Settlement and Release Agreement

Net Distributable Settlement Fund. “Net Distributable Settlement Fund” means the “Net Settlement Fund” less: (a) the amount of any award for attorney’s fees or attorney compensation approved by the Court and awarded to Plaintiffs’ Counsel; and (b) any interest earned and attributable to the amount of such award while in escrow.escrow.‌

Appears in 1 contract

Samples: Settlement and Release Agreement

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