Common use of Settlement Payment Schedule Clause in Contracts

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.