Common use of Settlement Payment Clause in Contracts

Settlement Payment. In consideration for the release of the Released Claims and the dismissal with prejudice of the Action, within fourteen business days of the Court’s grant of Preliminary Approval, ▇▇▇▇▇▇▇▇▇ Farms shall pay or cause to be paid $38,300,000 (thirty-eight million three hundred thousand U.S. dollars) into the Settlement Fund. ▇. ▇▇▇▇▇▇▇▇▇ Farms’ payment to the Escrow Agent described herein shall be by wire transfer pursuant to instructions from the Escrow Agent or Interim Co-Lead Counsel. b. The payment described in Section II(A)(1) shall constitute the total Settlement Amount and ▇▇▇▇▇▇▇▇▇ Farms shall have no other payment obligations to the Settlement Class or owe any further amount under this Settlement Agreement of the Action, and the obligations described in Section II(A)(2) shall continue so long as this Settlement Agreement remains in effect.

Settlement Payment. In consideration for the release of the Released Claims and the dismissal with prejudice of the Action, within fourteen business days of the Court’s grant of Preliminary Approval, ▇▇▇▇▇▇▇▇▇ Farms shall pay or cause to be paid $38,300,000 31,500,000 (thirty-eight one million three five hundred thousand U.S. dollars) into the Settlement Fund. ▇. ▇▇▇▇▇▇▇▇▇ a. Wayne Farms’ payment to the Escrow Agent described herein shall be by wire transfer pursuant to instructions from the Escrow Agent or Interim Co-Lead Counsel. b. The payment described in Section II(A)(1) shall constitute the total Settlement Amount and ▇▇▇▇▇▇▇▇▇ Farms shall have no other payment obligations to the Settlement Class or owe any further amount under this Settlement Agreement of the Action, and the obligations described in Section II(A)(2) shall continue so long as this Settlement Agreement remains in effect.