Payment of Settlement Fund. (1) By no later than thirty days after the Court’s approval of the Settlement Agreement, the RWB, on behalf of the Defendants, will pay the $10,000,000 CAD Settlement Fund to Xxxxxxx Xxxxxxxx Professional Corporation, in trust, for the benefit of the Class, in full satisfaction of all of the Released Claims against the Releasees.
Payment of Settlement Fund. No later than fourteen (14) calendar days after the date of Final Approval, Robinhood shall pay to the Settlement Administrator the Settlement Fund, less any amounts paid for the Initial Notice Deposit and other funds paid to the Settlement Administrator.
Payment of Settlement Fund. (a) Within thirty (30) days of the execution of this Settlement Agreement, the Defendants shall pay a first tranche of $500,000 CAD from the Settlement Fund to the Account in trust. The transfer of the first tranche of $500,000 is so that money is available to the Claims Administrator to cover and pay for any Administration Expenses incurred or to be incurred before the Effective Date.
Payment of Settlement Fund. Defendants shall cause the amount of $6,500,000.00 to be transferred to an account controlled by the Escrow Agent within ten (10) business days after the later of (a) the order granting the motion for preliminary approval, or (b) the receipt by Defendants’ Counsel of wire/check payee instructions and a Form W-9 providing the tax identification number for the Escrow Account. These funds, together with any interest and income earned thereon once transferred, shall constitute the Settlement Fund.
Payment of Settlement Fund. SunPower shall wire $35,000 to the Settlement Fund escrow account established by the Settlement Administrator within ten (10) business days after the Court’s entry of the Preliminary Approval Order, which funds: (a) shall be used to cover the anticipated costs of providing notice to the Settlement Class and any other Settlement Administrator costs to be incurred prior to the Effective Date, and (b) shall be deducted from the $4.75 million to be paid by SunPower under the terms of the Settlement. SunPower shall wire the remaining $4,715,000.00 into the Settlement Fund within ten (10) business days after the Effective Date of the Settlement. Upon payment of these amounts into the Settlement Fund, SunPower shall have fully satisfied and discharged its financial obligation under the Settlement (except with respect to implementation of the Enhanced Customer Care Program and any retrofits of the Subject Microinverters as described herein) and shall have no obligation to pay any additional amounts.
Payment of Settlement Fund. Within forty (40) days after the EFFECTIVE DATE, the SETTLEMENT ADMINISTRATOR shall pay to each member of the SETTLEMENT CLASS his or her pro rata share of the NET SETTLEMENT AMOUNT in accordance with the terms and conditions of this AGREEMENT and the COURT’s approval. It shall not be necessary for any member of the SETTLEMENT CLASS to submit a claim or request a distribution to receive his or her pro rata share of the NET SETTLEMENT AMOUNT. However, if LIFELOCK has no mailing address for a CLASS MEMBER, then the member of the SETTLEMENT CLASS must provide the SETTLEMENT ADMINISTRATOR with a mailing address to receive his or her pro rata share of the NET SETTLEMENT AMOUNT as set forth in the CLASS NOTICE.
Payment of Settlement Fund. Within thirty (30) calendar days after this Agreement is signed by all parties, HP will transfer the Settlement Fund of $1,500,000 (One Million and a Half US Dollars) or its equivalent in euros as of that date to Euroconsumers pursuant to the wire transfer instructions provided by Euroconsumers and attached hereto as Attachment A. Euroconsumers shall at all times maintain the Settlement Fund in the Settlement Bank Account under the name of Euroconsumers AISBL in Belgium, assuring that the Settlement Fund is segregated from any other funds (either by assigning a specific code or by other means permitting easy traceability and audit) and that all payments of Allowed Claims are properly and clearly registered in the Settlement Bank Account.
Payment of Settlement Fund. (a) The Defendants agree to pay the Settlement Fund on or before the Effective Date, by certified cheque, bank draft or wire transfer, in full satisfaction of all of the Released Claims against the Defendants;
