Common use of Payment of Settlement Amount Clause in Contracts

Payment of Settlement Amount. (1) The Defendants shall pay or cause to be paid the Settlement Amount to Siskinds LLP, in trust, in full and final settlement of the Action and the Released Claims within thirty (30) days of the execution of the Agreement. Siskinds shall hold the Settlement Amount in the Escrow Account.

Appears in 5 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement, Class Action Settlement Agreement

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Payment of Settlement Amount. (1) The Defendants shall pay or cause to be paid the Settlement Amount to Siskinds LLP, in trust, in full and final settlement of the Action and the Released Claims within 1.2 Within thirty (30) days of the execution of this Agreement, the Agreement. Siskinds Defendants shall hold pay or cause the Defendants’ insurers to pay to Siskinds, in trust, the Settlement Amount in full and final settlement of the Escrow Accountclaims against the Defendants or proposed to be made against the Defendants in the Action.

Appears in 1 contract

Samples: Settlement Agreement

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