Settlement Payment Schedule Clause Samples

Settlement Payment Schedule. 11.1. ▇▇▇▇▇ Fargo shall pay the first One Hundred Thousand Dollars ($100,000.00) of the Maximum Settlement Amount into the QSF within fifteen (15) calendar days after the Preliminary Approval Date (in order to pay any invoices of the Administrator) and shall pay the remaining Thirty-Four Million, Nine Hundred Thousand Dollars ($34,900,000.00) of the Maximum Settlement Amount into the QSF within fifteen (15) calendar days after the Effective Date. 11.2. The Administrator shall make all payments to Plaintiffs, Opt-In Plaintif fs, Settlement Collective Members, Participating Class Members, and Class Counsel as described in the preceding paragraphs as soon as possible after the Effective Date and in no event later than forty-five (45) calendar days after the Effective Date.

Settlement Payment Schedule. The Settlement Payment shall be paid by Akorn by wire transfer to MBL according to the following schedule (the “Settlement Payment Schedule”): May 13, 2009 $ 1,500,000.00 June 13, 2009 $ 2,000,000.00 July 13, 2009 $ 1,500,000.00 August 13, 2009 $ 1,500,000.00 September 13, 2009 $ 1,500,000.00 June 30, 2010 $ 1,500,000.00 * CONFIDENTIAL TREATMENT REQUESTED — This language has been omitted and filed separately with the Securities and Exchange Commission. Each such amount shall be paid regardless of the termination of the Pre-Settlement Modified Agreement, as amended by the Letter Agreement and by the Amendment (as defined below), and as may be further amended and modified (the “Modified Agreement”). Notwithstanding anything to the contrary contained in this Settlement Agreement, the execution and delivery of this Settlement Agreement does not constitute a novation, payment or termination of the obligations of Akorn under the Pre-Settlement Modified Agreement, as amended by the Letter Agreement, giving rise to the Settlement Payment. Wire transfer instructions for each such payment by Akorn are as follows: Bank of America, N.A. ABA Routing Number: [***...***] Account Number: [***...***] Checking Account Bank Phone Number: ▇▇▇-▇▇▇-▇▇▇▇

Settlement Payment Schedule. The Settlement shall be payable on a schedule as set forth as follows: i) Installment 1 of 3: Eight Thousand Three Hundred Thirty Three Dollars and Thirty Four Cents ($8,333.34) shall be mailed or hand delivered to ▇▇▇▇ Law, PLLC, ▇▇-▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ within 30 days of execution of this settlement agreement and consist of three (3) checks: 01) A bank check made payable to “▇▇▇▇ Law, PLLC” in the amount of One Thousand Eight Hundred Sixty-One Dollars And Ten Cents ($1,861.10) and memo noting "PRINCE DELI GROCERY CORP. d/b/a Prince Deli Grocery Settlement Pay 1 of 3" representing out-of-pocket costs expended on behalf of Plaintiff for the present action; 02) A bank check of Two Thousand One Hundred Fifty Seven Dollars and Forty One Cents ($2,157.41) made payable to “▇▇▇▇ Law, PLLC” and memo noting “PRINCE DELI GROCERY CORP. d/b/a Prince Deli Grocery Settlement Pay 1 of 3”; 03) A bank check of Four Thousand Three Hundred Forteen Dollars and Eighty Three Cents ($4,314.83), made payable to "▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇" and memo noting "PRINCE DELI GROCERY CORP. d/b/a Prince Deli Grocery Settlement Pay 1 of 3"; ii) Installment 2 of 3: Eight Thousand Three Hundred Thirty Three Dollars and Thirty Three Cents ($8,333.33) shall be mailed or hand delivered to ▇▇▇▇ Law, PLLC, ▇▇-▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ within 60 days of execution of this settlement agreement and consist of two (2) checks:

Settlement Payment Schedule. Defendants shall deliver to Plaintiffs’ Counsel settlement checks for Plaintiffs and Plaintiffs’ Counsel, based on the following schedule: April 1, 2017: $360,000.00 April 1, 2018 $333,000.00 April 1, 2019 $333,000.00 April 1, 2020 $334,000.00