Common use of Pursuant to Sections 9 Clause in Contracts

Pursuant to Sections 9. 2.1 and 9.2.2, the attorneys’ fees and common benefit expenses deducted by the Claims Administrator shall be deposited into an interest bearing escrow account (the "Settlement Fee and Cost Account"). The Settlement Fee and Cost Account shall be maintained at a financial institution. Funds within the Settlement Fee and Cost Account shall be administered by the Xxxxxxxxx Xxxxx X. Fallon and all awards therefrom will be subject to approval, upon due consideration by him in consultation with the Xxxxxxxxx Xxxxxxxx X. Chaney, the Xxxxxxxxx Xxxxx X. Higbee, and the Honorable Xxxxx Xxxxxx, and in accordance with established Fifth Circuit precedent, e.g., Xxxx x. Xxxxxxx, 000 X.X. 000, 900 (1984); Copper Liquor, Inc. v. Xxxxxx Xxxxx Co., 624 F.2d 575, 583 n. 15 (5th Cir.1980); Xxxxxxx v. Ga. Highway Express, Inc., 488 F.2d 714, 717-19 (5th Cir.1974); Strong v. BellSouth Telecomms., Inc., 137 F.3d 844, 851-52 & n. 5 (5th Cir.1998); Xxxxxxx v. X.X. Xxxxxx Co., 98 F.3d 817, 823 (5th Cir.1996); Xxxxxx x. Xxxxxx Oil USA, Inc., 472 F.Supp.2d 830 (X.X.Xx. 2007).

Pursuant to Sections 9. 2.1 and 9.2.2, the attorneys’ fees and common benefit expenses deducted by the Claims Administrator shall be deposited into an interest bearing escrow account (the "“Settlement Fee and Cost Account"”). The Settlement Fee and Cost Account shall be maintained at a financial institution. Funds within the Settlement Fee and Cost Account shall be administered by the Xxxxxxxxx Hxxxxxxxx Xxxxx X. Fallon and all awards therefrom will be subject to approval, upon due consideration by him in consultation with the Xxxxxxxxx Hxxxxxxxx Xxxxxxxx X. Chaney, the Xxxxxxxxx Hxxxxxxxx Xxxxx X. Higbee, and the Honorable Xxxxx Rxxxx Xxxxxx, and in accordance with established Fifth Circuit precedent, e.g., Xxxx x. Bxxx v. Xxxxxxx, 000 400 X.X. 000, 900 (1984); Copper Liquor, Inc. v. Xxxxxx Axxxxx Xxxxx Co., 624 F.2d 575, 583 n. 15 (5th Cir.1980); Xxxxxxx Jxxxxxx v. Ga. Highway Express, Inc., 488 F.2d 714, 717-19 (5th Cir.1974); Strong v. BellSouth Telecomms., Inc., 137 F.3d 844, 851-52 & n. 5 (5th Cir.1998); Xxxxxxx Fxxxxxx v. X.X. Xxxxxx J.X. Pxxxxx Co., 98 F.3d 817, 823 (5th Cir.1996); Xxxxxx x. Txxxxx v. Xxxxxx Oil USA, Inc., 472 F.Supp.2d 830 (X.X.XxE.X.Xx. 2007).

Pursuant to Sections 9. 2.1 and 9.2.2, the attorneys’ ' fees and common benefit expenses deducted by the Claims Administrator Admirnstrator shall be deposited into an interest bearing escrow account (the "Settlement Fee and Cost Account"). The Settlement Fee and Cost Account shall be maintained at a financial institution. Funds within the Settlement Fee and Cost Account shall be administered by the Xxxxxxxxx Xxxxx X. Fallon and all awards therefrom will be subject to approval, upon due consideration by him in consultation with the Xxxxxxxxx Xxxxxxxx X. Chaney, the Xxxxxxxxx Xxxxx X. Higbee, and the Honorable Xxxxx Xxxxxx, and in accordance with established Fifth Circuit precedent, e.g., Xxxx x. Xxxxxxx, 000 X.X. 000, 900 (1984); Copper Liquor, Inc. v. Xxxxxx Xxxxx Co., 624 F.2d 575, 583 n. 15 (5th Cir.1980); Xxxxxxx v. Ga. Highway Express, Inc.Inc. , 488 F.2d 714, 717-19 (5th Cir.1974); Strong v. BellSouth Telecomms., Inc., 137 F.3d F. 3d 844, 851-52 & n. 5 (5th Cir.1998); Xxxxxxx v. X.X. X. X. Xxxxxx Co., 98 F.3d 817, 823 (5th Cir.1996); Xxxxxx x. Xxxxxx Oil USA, Inc., 472 F.Supp.2d F. Supp.2d 830 (X.X.Xx. 2007).