Common use of Payment of Notice and Claims Administration Costs Clause in Contracts

Payment of Notice and Claims Administration Costs. NMAC shall pay the reasonable costs of Notice and settlement administration that are incurred prior to the creation of the Settlement Fund, and NMAC will be given credit for all such payments which shall be deducted from the Settlement Fund as set forth below. The Claims Administrator shall provide the Parties with an estimate of the costs of sending Notice (including publication), establishing the Settlement Website and establishing a toll-free telephone number, as well as any other initial administration costs within five (5) days of the entry of the Preliminary Approval Order, at the latest. NMAC shall pay the estimated amount to the Claims Administrator within ten (10) days after the entry of the Preliminary Approval Order. After that upfront payment of administration costs by NMAC, the Claims Administrator shall xxxx NMAC monthly for any reasonable additional costs of settlement administration, until such time as the Settlement Fund is established. Any amounts paid by NMAC for the estimated costs of administration which are not incurred by the Claims Administrator shall be used for other administration costs, or shall be deducted from future xxxxxxxx by the Claims Administrator. The Claims Administrator shall maintain detailed records of the amounts spent on the administration of the Settlement and shall provide those to the Parties monthly. At such time that NMAC funds the Settlement Fund, all amounts previously paid to the Claims Administrator by NMAC shall be deducted from the total payment which it is required to pay to create the Settlement Fund under Section 4.01. After NMAC has created the Settlement Fund, NMAC shall have no further obligation to pay any amount under this Settlement Agreement, and any additional Settlement Costs shall be paid out of the Settlement Fund.

Payment of Notice and Claims Administration Costs. NMAC shall pay the reasonable costs of Notice and settlement administration that are incurred prior to the creation of the Settlement Fund, and NMAC will be given credit for all such payments which shall be deducted from the Settlement Fund as set forth below. The Claims Administrator shall provide the Parties with an estimate of the costs of sending Notice (including publication), establishing the Settlement Website and establishing a toll-free telephone number, as well as any other initial administration costs within five (5) days of the entry of the Preliminary Approval Order, at the latest. NMAC shall pay the estimated amount to the Claims Administrator within ten (10) days after the entry of the Preliminary Approval Order. After that upfront payment of administration costs by NMAC, the Claims Administrator shall xxxx bill NMAC monthly for any reasonable additional costs of settlement administration, until such time as the Settlement Fund is established. Any amounts paid by NMAC for the estimated costs of administration which are not incurred by the Claims Administrator shall be used for other administration costs, or shall be deducted from future xxxxxxxx by the Claims Administrator. The Claims Administrator shall maintain detailed records of the amounts spent on the administration of the Settlement and shall provide those to the Parties monthly. At such time that NMAC funds the Settlement Fund, all amounts previously paid to the Claims Administrator by NMAC shall be deducted from the total payment which it is required to pay to create the Settlement Fund under Section 4.01. After NMAC has created the Settlement Fund, NMAC shall have no further obligation to pay any amount under this Settlement Agreement, and any additional Settlement Costs shall be paid out of the Settlement Fund.

Payment of Notice and Claims Administration Costs. NMAC Xxxxx Fargo shall pay the reasonable costs of Notice notice and settlement administration that which are incurred prior to the creation of the Settlement Fund, and NMAC Xxxxx Fargo will be given credit for all any such payments which shall be deducted from in funding the Settlement Fund as set forth belowFund. The Claims Administrator shall provide the Parties with an estimate of the amount of costs of sending Notice (including publication)required to mail notice, establishing establish the Settlement Website settlement website and establishing establish a toll-free telephone number, as well as any other initial administration costs within five (5) days of to the entry of the Preliminary Approval Order, at the latestParties. NMAC Xxxxx Fargo shall pay the estimated amount to the Claims Administrator within ten fifteen (1015) business days after the entry of the Preliminary Approval Order. After that upfront payment of administration costs by NMACXxxxx Fargo, the Claims Administrator shall xxxx NMAC Xxxxx Fargo monthly for any the reasonable additional costs of settlement administration, until such time as the Settlement Fund is established. Any amounts paid by NMAC Xxxxx Fargo for the estimated costs of administration which are not incurred by the Claims Administrator shall be used for other administration costs, or shall be deducted from future xxxxxxxx by the Claims Administrator. The Claims Administrator shall maintain detailed records of the amounts spent on the administration of the Settlement settlement and shall provide those to the Parties monthly. At such time that NMAC Xxxxx Fargo funds the Settlement Fund, all amounts previously paid to the Claims Administrator by NMAC Xxxxx Fargo shall be deducted from the total payment Maximum Payment which it Xxxxx Fargo is required to pay to create the Settlement Fund under Section 4.01Fund. After NMAC Xxxxx Fargo has created the Settlement FundFund and paid out the Maximum Payment required under this Settlement, NMAC Xxxxx Fargo shall have no further obligation to pay any amount under this Settlement AgreementSettlement, and any additional Settlement Costs shall be paid out of the Settlement Fund.

Payment of Notice and Claims Administration Costs. NMAC Defendant shall pay a portion of the Total Notice Costs and reasonable costs of Notice and settlement administration that are incurred prior to the creation of the Settlement FundFund up to $350,000, and NMAC Defendant will be given credit for all such payments which shall be deducted from the Settlement Fund as set forth below. The Claims Administrator shall provide the Parties with an estimate of the amount of costs of sending Notice (including publication)required to email and mail notice, establishing establish the Settlement Website and establishing establish a toll-free telephone number, as well as any other initial administration costs within five (5) days to the Parties. Defendant shall pay a portion of the entry of the Preliminary Approval Orderestimated amount, at the latest. NMAC shall pay the estimated amount up to $350,000, to the Claims Administrator within ten (10) business days after the entry of the Preliminary Approval Order. After that upfront payment of administration costs by NMACDefendant, the Claims Administrator shall xxxx NMAC Defendant monthly for any the reasonable additional costs of settlement administration, until such time as the Settlement Fund is established. Defendant will be given credit for such payments which shall be deducted from the Settlement Fund. Any amounts paid by NMAC Defendant for the estimated costs of administration which are not incurred by the Claims Administrator for those itemized costs shall be used for other administration costscosts incurred by the Claims Administrator, or shall be deducted from future xxxxxxxx by the Claims Administrator. The Claims Administrator shall maintain detailed records of the amounts spent on the administration of the Settlement settlement and shall provide those to the Parties monthly. At such time that NMAC Defendant funds the Settlement Fund, all amounts previously paid to the Claims Administrator by NMAC Defendant shall be deducted from the total payment which it Defendant is required to pay to create the Settlement Fund under Section 4.01. After NMAC has created the Settlement Fund, NMAC shall have no further obligation to pay any amount under this Settlement Agreement, and any additional Settlement Costs shall be paid out of the Settlement Fund.

Payment of Notice and Claims Administration Costs. NMAC Defendant shall pay the reasonable costs of Notice and settlement administration that which are incurred prior to the creation of the Settlement Fund, and NMAC Defendant will be given credit for all any such payments which shall be deducted from in funding the Settlement Fund as set forth belowFund. The Claims Administrator shall provide the Parties with an estimate of the amount of costs of sending Notice (including publication)required to perform the reverse directory look-up, establishing mail notice, establish the Settlement Website website, publish a nationwide notification in USA Today, and establishing establish a toll-free telephone number, as well as any other initial administration costs within five (5) days of to the entry of Parties. The Parties shall have the Preliminary Approval Orderright to review and approve the estimate prior to payment. If the estimate is not approved, at the latestParties may consider alternate administrators. NMAC Upon approval, Defendant shall pay the estimated amount to the Claims Administrator within ten (10) days after the entry of the Preliminary Approval Order. After that upfront payment of administration costs by NMACDefendant, the Claims Administrator shall xxxx NMAC monthly for submit final billing to the Court at the final approval stage to request any reasonable additional costs expenses incurred as part of settlement administration, until such time as the administration to be paid out of the Settlement Fund is establishedFunds. Any amounts paid by NMAC Defendant for the estimated costs of administration which are not incurred by the Claims Administrator shall be used for other administration costs, or shall be deducted from future xxxxxxxx by the Claims Administrator. The Claims Administrator shall maintain detailed records of the amounts spent on the administration of the Settlement and shall provide those to the Parties monthly. At such time that NMAC Defendant funds the Settlement Fund, all amounts previously paid to the Claims Administrator by NMAC Defendant shall be deducted from the total payment Maximum Payment, which it Defendant is required to pay to create the Settlement Fund under Section 4.01Fund. After NMAC Defendant has created the Settlement FundFund and paid out the Maximum Payment required under this Settlement, NMAC Defendant shall have no further obligation to pay any amount under this Settlement AgreementSettlement, and any additional Settlement Costs shall be paid out of the Settlement Fund.