Settlement Administration Expenses. Payment to the Settlement Administrator, estimated not to exceed $10,000, for expenses, including without limitation expenses of notifying the Class Members of the Settlement, processing opt outs, and distributing Settlement Shares and tax forms, and handling inquiries and uncashed checks.
Settlement Administration Expenses. (1) The Claims Administrator may use the Settlement Amount deposited in the Trust Account to fund the Settlement Administration Expenses in relation to this Settlement Agreement.
Settlement Administration Expenses. “Settlement Administration Expenses” are those expenses incurred and charged by the Claims Administrator and/or Special Master in effectuating the Settlement.
Settlement Administration Expenses. In conjunction with the hearing on final approval of this Settlement Agreement, Class Counsel shall apply to the Court for an award to the Settlement Administrator of settlement administration expenses to be paid from the Common Fund Payment in accordance with Section II.C above. Within thirty (30) days of the of the date Defendants deposit the Common Fund Payment into the QSF, the Settlement Administrator shall disburse to itself the Settlement Administration Expenses Award approved by the Court.
Settlement Administration Expenses. 13. The Settlement Administrator shall calculate and administer the payment to be made to the Class Members, transmit payment for attorneys’ fees and costs to Class Counsel, transmit the Class Representative Service Payments to the Plaintiffs, issue all required tax reporting forms, calculate withholdings and perform the other remaining duties set forth in the Agreement. The Settlement Administrator has documented $________ in fees and expenses, and this amount is reasonable in light of the work performed by the Settlement Administrator.
Settlement Administration Expenses. At the direction of Class Counsel and Defendants' Counsel, the Settlement Administrator shall distribute to itself, within 30 days after the Settlement Effective Date, the amount approved by the Court as the reasonable expenses of settlement administration. The Parties will not withhold approval of a reasonable expense for settlement administration.
Settlement Administration Expenses. (c) the Fee Award; and (d) Service Awards; in no event shall Defendants’ liability to fund those payments exceed the Settlement Amount. Defendants’ actual payment obligation under this Agreement is limited to payment of (i) approved Valid Claims to Class Members, (ii) Settlement Administration Expenses, (iii) any Fee Award, and (iv) Service Awards. In the event the cumulative cost of Valid Claims, Settlement Administration Expenses, the Fee Award, and Service Awards exceeds the Settlement Amount, then the amount payable for each Valid Claim shall be reduced, pro rata, so as not to exceed the Settlement Amount.
Settlement Administration Expenses. In the Motion for Final Approval of Class Action Settlement, Class Counsel shall apply to the Court for any unpaid costs of the Settlement Administrator to be paid from the Gross Settlement Fund.
Settlement Administration Expenses. All reasonable expenses associated with the administration of this Settlement up through the Effective Date, including expenses for the Claims Administrator, and Special Master (including for work performed by members of his law firm to whom he may delegate tasks) shall be considered Settlement Administrative Expenses. Defendants agree to fund such Settlement Administrative Expenses in an amount not to exceed $250,000.00. This amount shall be paid by Defendants in addition to the Total Cash Settlement Amount, by the Funding Deadline described in Section 6.1. Defendants shall not be liable for, or otherwise be responsible for, any administration expenses in excess of $250,000.00. To the extent Settlement Administrative Expenses exceed $250,000.00, such expenses shall be borne by the Settlement Fund (including any funds remaining from the Reserve Fund). In the event this Agreement terminates, as described in Sections 7.1 or 7.2 herein, the Claims Administrator shall, within five (5) business days of termination, determine the amount of all Settlement Administrative Expenses incurred as of the date of termination (plus the cost to complete this tabulation) (the “Termination Settlement Administrative Expenses”) and present that total to Class Counsel and Defendants’ Counsel. In the event the Court declines to approve this Settlement, and subject to the provisions of Section 7.1, each of Class Counsel and Defendants’ Counsel shall be responsible for payment of one- half of that Termination Settlement Administrative Expenses. To the extent Defendants’ Counsel has paid more than its one-half share of such Termination Settlement Administrative Expenses, Class Counsel shall reimburse the Defendants’ Counsel for all amounts it has paid over its one-half share within ten (10) business days of presentment by the Claims Administrator of the Termination Settlement Administrative Expenses. In the event any Defendant chooses to terminate the settlement pursuant to Section 7.2, Defendants shall be solely responsible for the payment of Termination Settlement Administrative Expenses.
Settlement Administration Expenses. 25 13. The Agreement provides for Settlement Administration Expenses to be paid 26 in an amount not to exceed $6,500. The Declaration of the Settlement Administrator provides that 27 the actual claims administration expenses were $_ . The amount of this payment is 28 reasonable in light of the work performed by the Settlement Administrator including, sending the