Common use of Settlement Program Claimants’ Holdback Associated With Lien Administration Clause in Contracts

Settlement Program Claimants’ Holdback Associated With Lien Administration. In the absence of a court order (including but not limited to a common benefit order or cost assessment order) or binding agreement covering or providing the payment of the administrative costs associated with the negotiation and administration of Liens pursuant to the Lien resolution terms of this Section, each Settlement Program Claimant or their Counsel (or, in the case of an unrepresented claimant, the Settlement Program Claimant him or herself) shall be responsible for the direct payment of any and all fees and costs of the LRA or any other third party engaged to resolve Liens on behalf of such Settlement Program Claimant. Neither the Released Parties nor the Claims Processor shall be responsible for payment of fees and costs of the LRA or any other third party engaged to resolve Liens on behalf of Settlement Program Claimants.

Appears in 6 contracts

Samples: Settlement Agreement, Settlement Agreement (Stryker Corp), Settlement Agreement

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