Payment of the Settlement Amount. 29. The Settlement Amount includes the full and complete cost of the settlement notice, claims administration, Settlement Class Members’ compensation, class representatives’ incentive awards (as approved by the Court), attorneys’ fees (as approved by the Court) and reimbursement of all actual expenses of the Action (as approved by the Court), any other litigation costs of Plaintiffs, and all applicable taxes, if any, assessable on the Settlement Fund or any portion thereof. In no event will Settling Defendants’ liability with respect to the Settlement exceed $125,000,000. Releasors shall look solely to the Settlement Amount for settlement and satisfaction against the Releasees of all Released Claims and shall have no other recovery against the Releasees.
Payment of the Settlement Amount. 12.12 Any amounts due from the Licensee under this Agreement shall be paid by direct debit under a mandate granted to RSP over a pounds sterling account with a bank in the United Kingdom in such form as RSP may require from time to time.
Payment of the Settlement Amount. A. Within fifteen (15) Business Days of the Execution Date, Lloyd's Underwriters agree to pay the Settlement Amount into the Escrow Account by wire transfer as follows: ABA No. 053000219 D/5000000016439 CT/BRANCH 2800 Bank Name: WACHOVIA BANK, NATIONAL ASSOCIATION CHARLOTTE, NC Account No. 2572008482 Acct Name: Congo/Lloyds Esc Xxxx. Rick Barnes Thereafter, within five (5) Business Days of the Triggex Xxxx, xxx Parties shall direct the Escrow Agent to release the Settlement Amount in full, along with any and all interest or investment income accrued thereon (less (a) any expenses that the Escrow Agent incurs; (b) any reserves required under the Approval Order to be held for the payment of taxes, indemnities, or otherwise; and (c) losses incurred under any investment of the Settlement Amount permissible under the terms of the Approval Order and the Escrow Agreement) to the Plan Trust or as otherwise directed by the Court. Subject to the provisions of Paragraph 2.D below, upon the release of the Settlement Amount pursuant to this Paragraph 2.A, legal and equitable title to the Settlement Amount shall pass irrevocably to the Plan Trust or to such other Entity as is directed by the Court.
Payment of the Settlement Amount. Within ten (10) days of execution of this Settlement Agreement by all parties, and concurrently with the filing of dismissals required by Paragraph 1, the ILM/Capital parties shall pay to Angeles Housing Concepts, Inc. the sum of Two Million Two Hundred Fifty Thousand Dollars ($2,250,000.00) (the "Settlement Amount") in the form of three certified checks or cashier's checks as follows: (a) one check shall be made payable to "Xxxxxxx X. Ready, Esq. in trust for the benefit of Xxxxxxx Xxxxxxxx, Xxxxx Xxxxxxxx, and Xxxx Xxxxxxxx" in the amount of Four Hundred and Ten Thousand Dollars ($410,000.00), and delivered to Xxxxxxx & Ready, 0000 Xxxxxxxxxx Xxxxxx, Xxxxx #0, Xxxx Xxxxxx, Xxxxxxxxxxxxx 00000-0000; and (b) two checks shall be made payable to "Xxxxx Xxxxxxx Xxxxxx & Xxxxxx LLP Client Trust Account for the benefit of Angeles Housing Concepts, Inc. and Xxxxxxx X. Xxxxxxx" in the total amount of One Million Eight Hundred and Forty Thousand Dollars ($1,840,000.00), and delivered to the offices of Xxxxx Xxxxxxx Xxxxxx & Xxxxxx LLP. The date upon which these payments are made are referred to as the "Closing Date."
Payment of the Settlement Amount. (i) Conditional upon the approval of this Settlement Agreement as provided herein, the continuance of the trial in the Québec Proceeding, compliance with Section 4.2 above, and the settlement of the Québec Proceeding with prejudice and, as applicable, the release of the claims of members of the Québec ASR Class, Defendants agree to pay, or cause to be paid, (i) the Settlement Amount in the amount of twenty million Canadian dollars (CAN $20,000,000.00) into the Account provided the Effective Date has been reached.
Payment of the Settlement Amount. 31. Within ten (10) business days of the entry of an order preliminarily approving the Settlement, USG will pay or cause to be paid by wire transfer $8,750,000, (i.e., the Settlement Amount), into a special interest bearing settlement escrow account or accounts, established for that purpose as a "qualified settlement fund" as defined in Section 1.468B-1(a) of the U.S. Treasury Regulations or other appropriate escrow account as agreed to by the parties (the “Escrow Account”). The escrow agent(s) shall be mutually selected by the Settling Parties. The Escrow Account shall be administered in accordance with the provisions of Section F of this Settlement Agreement.
Payment of the Settlement Amount. 6.1.1 Within 14 business days of the date of the Final Order, the Claims Administrator shall establish the Trust Account.
Payment of the Settlement Amount. The Horizon Defendants shall pay to the Settlement Class a total of $20,000,000 (the “Settlement Amount”), to be transferred by wire to the Escrow Account at the Depository Bank in three cash installments as follows:
Payment of the Settlement Amount. (i) Conditional upon the approval of this Settlement Agreement as provided herein and the dismissal of the BC Proceeding with prejudice and, as applicable, the release of the claims of members of the BC Class, Defendants agree to pay, or cause to be paid, (i) the Settlement Awards on a per Eligible Claimant basis on a claims-approval basis to the Account for disbursement by the Claims Administrator, provided (a) the Final Approval Date has passed, and (b) the Settlement Award is final and non-appealable within the BC ASR Settlement Program; and (ii)
Payment of the Settlement Amount. The Xxxxx Act Carrier Groups shall pay their respective per capita shares of the Settlement Amount into their respective Escrow Accounts by wire transfer to their respective depository banks in three cash installments as follows:
